Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K (Mark One) | Commission | Name of Registrant, Address of Principal | State of | I.R.S. Employer | | --- | --- | --- | --- | | File Number | Executive Offices and Telephone Number | 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 | | | ...

Financial Data and Key Metrics Changes - The company reported a loss of $0.42 per share for the quarter, significantly below last year's results and expectations, reflecting lower demand and the impact of milder weather [16][21] - Interest expense increased by $17 million year-over-year, driven by higher long-term debt balances and elevated short-term interest rates [23][24] - EBITDA increased by 15%, with cash flow remaining strong [96] Business Line Data and Key Metrics Changes - Gas Utilities reported a loss of $12.3 million, impacted by mild weather and higher costs, compared to earnings of $4 million in the prior year [35][94] - Midstream margins were slightly up on a net economic earnings basis, excluding the results from the newly acquired Salt Plains storage facility [9] - Gas Marketing margins decreased by $3.2 million due to unfavorable market conditions and increased demand charges [39] Market Data and Key Metrics Changes - The weather was 18% warmer than normal across service areas, leading to lower usage that was only partially offset by weather mitigation mechanisms [6] - Revenues were down nearly 7% due to lower market and commodity costs, with contribution margins also lower by $5 million [38] Company Strategy and Development Direction - The company’s strategy focuses on highly contracted utility supply assets that provide steady earnings and long-term growth opportunities in natural gas [17] - The company plans to continue its midstream strategy through expansion and acquisition of storage facilities and pipeline systems [77] - The expected total spend over the next 10 years remains $7 billion, with over 80% of utility spend recovered with minimal lag [92] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in a rebound for fiscal year '24 as interest rates moderate and cost structure management progresses [77] - The company is well-positioned to recover pre-2023 deferrals by the end of the calendar year, which, combined with lower commodity costs, positions it favorably for the upcoming winter [79] - Management acknowledged that interest rates are expected to remain high for a while, which will continue to be a headwind [28][72] Other Important Information - The company announced the acquisition of MoGas and Omega Pipeline Systems for $175 million, which is expected to be accretive in the long term [36][48] - The integration of Spire Salt Plains, a storage facility acquired for $37 million, is proceeding as planned [36] Q&A Session Summary Question: Inquiry about offsets and guidance - Management confirmed that the original guidance remains the base for the long-term earnings target, and they are exercising all controls possible for the remainder of the year [27] Question: Discussion on MoGas and Omega acquisition financing - The company plans to finance the acquisition on a balanced basis and has already moved forward with some equity plans [29] Question: Clarification on interest expense headwinds - Management acknowledged that interest rates are expected to be higher for longer, which will be factored into future planning [28][72] Question: Update on RNG projects - The company continues to work on additional RNG projects and expects to provide updates soon [66] Question: Discussion on CCM benefits and timing - Management explained that the lower CCM benefit is due to a change in recognition timing and will be addressed in future quarters [62][64]

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 ...