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Spire(SR) - 2021 Q4 - Annual Report
2021-11-22 17:17
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Commission | Name of Registrant, Address of Principal | State of | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Telep ...
Spire (SR) Investor Presentation - Slideshow
2021-09-27 19:23
| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | | | | | | | Stepping forward | | | | | | Investor Presentation | | | September 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | Spire is a compelling investment 90%+ regulated business mix $3.0B Robust 5-year capex plan 7-8% annual rate base growth 5-7% long-term EPS growth 18 Growing dividend for 18 consecutive years Attractive yield of 3.8%1 Strong ESG performance including environmental sustainability 1Based on $2.60 per sh ...
Spire(SR) - 2021 Q3 - Earnings Call Transcript
2021-08-08 00:25
Financial Data and Key Metrics Changes - The company reported consolidated net economic earnings of $6.9 million or $0.06 per share, down $400,000 or $0.01 per share from the previous year [41] - Gas utilities earnings were just over $12 million, an increase of almost $4 million from the prior year, driven by higher contribution margins due to increased rates and customer growth [41] - Overall, gas marketing posted a loss of just over $5 million due to less favorable market conditions and lower wholesale demand [42] Business Line Data and Key Metrics Changes - New business totaled more than $100 million, up $30 million compared to a year ago, indicating growth in utility operations [32] - The company continued to make significant investments in utility infrastructure, with total capital expenditures of $463 million, including over $430 million for gas utility infrastructure upgrades [32] Market Data and Key Metrics Changes - The company faced challenges in gas marketing due to cooler than normal weather, which affected power generation demand and resulted in higher costs [42] - Gas costs increased due to higher commodity prices, impacting overall operational expenses [44] Company Strategy and Development Direction - The company is committed to becoming carbon-neutral by mid-century, focusing on reducing methane emissions and exploring renewable natural gas (RNG) operations [9][31] - Significant investments are being made in infrastructure to enhance operational performance and service reliability, with pipeline replacement being a major focus [32] Management's Comments on Operating Environment and Future Outlook - Management emphasized the critical importance of the STL Pipeline for reliable energy delivery, especially during extreme weather events like Winter Storm Uri [11][12] - The company is actively pursuing legal and regulatory avenues to secure the STL Pipeline's operations, highlighting the potential impact on service if the pipeline is not maintained [13][14] Other Important Information - The company is engaged in a rate review process with the Missouri Public Service Commission, seeking recovery for nearly $1 billion in capital deployed since the last rate case [34] - Recent legislation in Missouri allows for investment in renewable gas infrastructure, which the company plans to leverage for future growth [37][38] Q&A Session Summary Question: What to watch for procedurally and timing-wise regarding the STL Pipeline filings? - Management indicated that there is no specific timeline for the emergency certificate determination, but they are hopeful for expedited processing due to the upcoming winter [50][51] Question: Can you speak to the system changes since the STL Pipeline was put in service? - Management explained that various interconnections and system configurations have changed, which could lead to service disruptions without the pipeline during extreme cold [53][54] Question: Have you received any feedback from FERC regarding the STL Pipeline? - Management noted that they have not received specific feedback but emphasized that new operational data is available for consideration [64] Question: What is the status of the RNG strategy following recent legislation? - Management expressed excitement about the opportunities presented by the new legislation but stated that it is still in the early stages of implementation [66] Question: What happens if the D.C. Court denies the rehearing request? - Management confirmed that a denial would trigger a timeline for FERC to issue an emergency certificate to avoid vacating the pipeline [84] Question: Is Spire Missouri still the only shipper on the pipeline? - Management confirmed that while Spire Missouri is the primary shipper, there are short-term customers utilizing excess capacity [92]
Spire(SR) - 2021 Q3 - Earnings Call Presentation
2021-08-06 19:24
| --- | --- | |----------------------------------|-------| | | | | | | | | | | | | | | | | | | | Stepping forward | | | Third quarter fiscal 2021 update | | | | | | August 5, 2021 | | | | | | | | | | | | | | | | | | | | Forward-looking statements and use of non-GAAP measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements in this presentation speak only as of today, and we assume no duty to updat ...
Spire(SR) - 2021 Q3 - Quarterly Report
2021-08-05 14:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Commission | Name of Registrant, Address of Principal | State of | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Telep ...
Spire (SR) Presents At Wells Fargo Virtual Meetings At AGA Virtual Financial Forum 2021 - Slideshow
2021-05-21 17:37
| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | | | | | | | Stepping forward | | | | | | Investor Presentation | | | AGA Financial Forum | | | May 19-20, 2021 | | | | | | | | | | | | | | | | | | | | Spire is a compelling investment 90%+ regulated business mix $3.0B Robust 5-year capex plan 7-8% annual rate base growth 5-7% long-term EPS growth 18 Growing dividend for 18 consecutive years Attractive yield of 3.5%1 Strong ESG performance including environmental sustainability 1Based ...
Spire(SR) - 2021 Q2 - Earnings Call Presentation
2021-05-10 16:50
| --- | --- | |-----------------------------------|-------| | | | | | | | | | | | | | | | | | | | Stepping forward | | | Second quarter fiscal 2021 update | | | | | | May 7, 2021 | | | | | | | | | | | | | | | | | | | | | | | Participants on today's call Suzanne Sitherwood President and Chief Executive Officer Steven L. Lindsey Executive Vice President and Chief Operating Officer Steven P. Rasche Executive Vice President and Chief Financial Officer G 2 S p i r e | S e c o n d q u a r t e r f i s c a l 2 0 2 ...
Spire(SR) - 2021 Q2 - Earnings Call Transcript
2021-05-07 19:25
Spire Inc. (NYSE:SR) Q1 2021 Earnings Conference Call May 7, 2021 9:00 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 Chief Financial Officer Conference Call Participants Shar Pourreza – Guggenheim Partners Julien Dumoulin-Smith – Bank of America Richard Sunderland – JPMorgan Gabe Moreen – Mizuho Michael W ...
Spire(SR) - 2021 Q2 - Quarterly Report
2021-05-07 14:11
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Commission | Name of Registrant, Address of Principal | State of | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Tele ...
Spire(SR) - 2021 Q1 - Earnings Call Transcript
2021-02-05 05:34
Spire, Inc. (NYSE:SR) Q1 2021 Earnings Conference Call February 4, 2021 9:00 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 Chief Financial Officer Conference Call Participants Michael Weinstein - Credit Suisse Richard Ciciarelli - Bank of America Richard Sunderland - JP Morgan Selman Akyol - Stifel Brian ...