Overview
Natural gas company's fiscal Q1 revenue beat analyst expectations
Adjusted EPS for fiscal Q1 beat analyst expectations
Gas Utility earnings rose due to new rates at Spire Missouri and Alabama
Outlook
Spire affirms fiscal 2026 adjusted EPS guidance of $5.25–$5.45
Spire expects fiscal 2027 adjusted EPS of $5.65–$5.85
Company targets $11.2 bln capital investment through fiscal 2035
Result Drivers
NEW RATES - Gas Utility earnings increased due to new rates at Spire Missouri and Spire Alabama, partially offset by lower volumetric margins and higher depreciation expenses
ADDITIONAL CAPACITY - Midstream earnings grew due to increased capacity at Spire Storage, offset by higher depreciation and interest expenses
PORTFOLIO OPTIMIZATION - Gas Marketing earnings rose due to improved portfolio optimization
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $762.20 mln | $721.82 mln (5 Analysts) |
Q1 Adjusted EPS | Beat | $1.77 | $1.66 (7 Analysts) |
Q1 EPS | $1.54 | ||
Q1 Net Income | $95 mln | ||
Q1 Basic EPS | $1.55 | ||
Q1 Operating Income | $173.50 mln | ||
Q1 Pretax Profit | $118.40 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the natural gas utilities peer group is "buy"
Wall Street's median 12-month price target for Spire Inc is $94.50, about 10.8% above its February 2 closing price of $85.32
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago
Press Release: ID:nPn8Xvq8ta
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Comments