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]

| --- | --- | |----------------------------------|-------| | | | | | | | | | | | | | | | | | | | Energizing the future | | | Third quarter fiscal 2022 update | | | | | | August 4, 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | 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 ...

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

| --- | --- | |-----------------------|-------| | | | | | | | | | | | | | | | | | | | Energizing the future | | | | | | Investor Presentation | | | June 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | Spire is a compelling investment 90%+ regulated business mix $3.1 B Robust 5-year capex plan 7-8% annual rate base growth 5-7% long-term EPS growth Growing dividend for 19 consecutive years Attractive yield of 3.6%1 Strong ESG performance; commitment to carbon neutral by midcentury 1Based on $2.74 per ...

Spire, Inc. (NYSE:SR) Q2 2022 Earnings Conference Call May 6, 2022 11:00 AM ET Company Participants Scott Dudley - MD, IR Steven Lindsey - EVP & COO Scott Carter - President & Director Adam Woodard - Treasurer Steven Rasche - EVP & CFO Conference Call Participants Jamieson Ward - Guggenheim Securities Richard Sunderland - JPMorgan Chase & Co. Julien Dumoulin-Smith - Bank of America Merrill Lynch Christopher Jeffrey - Mizuho Securities Andrew Levi - Hite Hedge Asset Management Vedula Murti - Hudson Bay Capit ...

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, 2022 ☐ 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 Inc. (NYSE:SR) Q1 2022 Earnings Conference Call February 2, 2022 9:00 AM ET Company Participants Scott Dudley - MD, IR Suzanne Sitherwood - President and CEO Steven Lindsey - EVP and COO Steven P. Rasche - EVP and CFO Scott Carter - SVP and COO of Distribution Operations Adam Woodard - VP and Treasurer and CFO, Gas Utilities Conference Call Participants Shar Pourreza - Guggenheim Securities Richard Sunderland - J.P. Morgan Julien Dumoulin-Smith - Bank of America Gabe Moreen - Mizuho Securities Vedula ...

| --- | --- | |----------------------------------|-------| | | | | | | | | | | | | | | | | | | | Energizing the future | | | First quarter fiscal 2022 update | | | | | | February 2, 2022 | | | | | | | | | | | | | | | | | | | | | | | 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 ...

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 December 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 T ...