Participants on today's call President and Chief Executive Officer Executive Vice President and Chief Operating Officer Executive Vice President and Chief Financial Officer 2 S p i r e | T h i r d q u a r t e r f i s c a l 2 0 2 3 u p d a t e • Q3 results impacted by lower utility margins and higher costs – Utility infrastructure upgrades, innovation – Supporting the industry's bright future – Centered around highly-contracted assets – Utility gas supply focused • We are strong and well-positioned to execut ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) | Commission | Name of Registrant, Address of Principal | | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Telephone Number | State of Incorporation | Identification Number | | 1-16681 | Spire Inc. | Missouri | 74-2976504 | | | 700 Market Street | | | | | St. Louis, MO 63101 | | | | | 314-342-0500 | | | | 1-1822 | Spire Missouri Inc. | Missouri | 43-0368139 | | | ...

Spire Inc. (NYSE:SR) Q2 2023 Earnings Conference Call May 3, 2023 9:00 AM ET Company Participants Scott Dudley - Managing Director, Investor Relations Suzanne Sitherwood - President and Chief Executive Officer Steve Lindsey - Chief Operating Officer Steven Rasche - Chief Financial Officer Adam Woodard - Treasurer and Chief Financial Officer, Gas Utilities. Scott Carter - Chief Operating Officer of Distribution Operations and President, Spire Missouri Conference Call Participants David Arcaro - Morgan Stanle ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) | Commission | Name of Registrant, Address of Principal | | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Telephone Number | State of Incorporation | Identification Number | | 1-16681 | Spire Inc. | Missouri | 74-2976504 | | | 700 Market Street | | | | | St. Louis, MO 63101 | | | | | 314-342-0500 | | | | 1-1822 | Spire Missouri Inc. | Missouri | 43-0368139 | | | ...

Spire Inc. (NYSE:SR) Q1 2023 Earnings Conference Call February 1, 2023 9:00 AM ET Company Participants Scott Dudley - Managing Director, Investor Relations Suzanne Sitherwood - President and CEO Steve Lindsey - Executive Vice President and COO Steve Rasche - Executive Vice President and CFO Adam Woodard - Vice President, Treasurer and CFO of Gas Utilities Mark Darrell - Chief Legal Officer Conference Call Participants Richard Sunderland - J.P. Morgan David Arcaro - Morgan Stanley Christopher Jeffrey - Mizuh ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) | Commission | Name of Registrant, Address of Principal | | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Telephone Number | State of Incorporation | Identification Number | | 1-16681 | Spire Inc. | Missouri | 74-2976504 | | | 700 Market Street | | | | | St. Louis, MO 63101 | | | | | 314-342-0500 | | | | 1-1822 | Spire Missouri Inc. | Missouri | 43-0368139 | | | ...

Executive Vice President and Chief Financial Officer G Suzanne Sitherwood President and Chief Executive Officer Executive Vice President and Chief Operating Officer Steven P. Rasche – $37M – new business • FY23 projected spend remains $700M • Gas utility spend focused on – Upgrades for safety, reliability and emissions reduction – Continued customer expansion – Innovation and technology, including further roll-out of advanced meters • Midstream capex is largely for expansion of Spire Storage (Q1 FY23 expend ...

| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | | | | | | | Energizing the future | | | | | | Investor Presentation | | | December 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | Spire is a compelling investment 90%+ regulated business mix $7.0B Robust 10-year capex plan 7-8% annual rate base growth 5-7% long-term EPS growth 20 Growing dividend for 20 consecutive years Attractive yield of 4.3%1 Strong ESG performance; commitment to carbon neutral by midcentury 1Based on $2 ...

Spire Inc. (NYSE:SR) Q4 2022 Results Conference Call November 16, 2022 10:00 AM ET Company Participants Scott Dudley - Managing Director, Investor Relations Suzanne Sitherwood - President and Chief Executive Officer Steve Lindsey - Executive Vice President and Chief Operating Officer Steve Rasche - Executive Vice President and CFO Scott Carter - President of Spire Missouri Adam Woodard - Vice President, Treasurer and CFO, Gas Utilities Conference Call Participants Richard Sunderland - JPMorgan Christopher J ...

Financial Data and Key Metrics Changes - Consolidated net economic earnings for Q3 2022 were $4.1 million, or $0.01 per share, down $2.8 million, or $0.05 from the previous year [30] - Gas utilities earned just over $4 million, a decrease of $8 million from the prior year [30] - Operation and maintenance expenses net of pension re-class were lower by $5 million, or 4%, driven by lower employee-related costs [33] - Interest expense increased due to higher debt levels and short-term interest rates [34] Business Line Data and Key Metrics Changes - Gas Marketing posted earnings of $400,000 compared to a loss in the previous year, benefiting from price volatility in the market [32] - The shift in the cadence of recovery from the Missouri rate case reduced earnings by approximately $6 million in Q3 [31] Market Data and Key Metrics Changes - The company is monitoring gas costs and has a significant hedge position to mitigate impacts from market volatility [55] - The market is currently showing persistently high prices, but there are indications of future mitigation [55] Company Strategy and Development Direction - The company is focused on environmental sustainability and enhancing customer experience, aiming to reduce gas utility methane emissions by 59% by 2025 and 73% by 2035 compared to 2005 levels [17][18] - A five-year capital plan through 2026 remains at $3.1 billion, with over 98% allocated to utilities, supporting infrastructure upgrades and technology investments [29] Management's Comments on Operating Environment and Future Outlook - Management remains confident in long-term growth prospects, targeting 5% to 7% earnings growth per share [35] - The company anticipates growth to accelerate next year with a reasonable outcome in the Missouri rate case [35] Other Important Information - The company is evaluating renewable energy resources, including renewable natural gas (RNG) and hydrogen, to support long-term carbon neutrality commitments [18] - A multiyear agreement was completed to purchase responsibly sourced gas from Ascent Resources [21] Q&A Session All Questions and Answers Question: Expectations for the remainder of '22 results and guidance range - Management confirmed that guidance remains unchanged, driven by utility performance, with expectations for the fourth quarter reflecting typical seasonal losses [45][46] Question: Impact of higher interest rates and hedges - The company has a significant hedge position locked in at lower rates, which should help mitigate the impact of higher interest rates [47][48] Question: Timeline for PSC rulemaking process regarding RNG - The rulemaking process is expected to extend into 2023, but it will not hinder the development of RNG opportunities [54] Question: Bill outlook for the next heating season - The company has a significant hedge position and is monitoring gas costs, expecting manageable bill impacts despite current high prices [55][56] Question: Updates on regulatory milestones in Alabama - No specific updates were available, but the company is working on new budgets and forward expectations for Alabama and Gulf [60][61] Question: CapEx for storage expansion and timeline - There is currently nothing in the plan for storage expansion, and the timeline for any future plans will be updated in the year-end earnings call [62]