Shares of space-to-cloud data and analytics provider Spire Global, Inc. SPIR are surging on Friday.Spire Global Canada, a division of Spire Global, has secured a C$72 million ($50.40 million) agreement with the Canadian government to create a satellite network for tracking wildfires.Spire will design and build a specialized satellite constellation to track all active wildfires across Canada from space, supporting the country’s WildFireSat mission.Spire is collaborating with OroraTech, a in space-based therm ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings of $81.1 million or $1.34 per share for Q1 2025, a decrease from $82.7 million or $1.47 per share in the same quarter last year, reflecting a decline of approximately 8.8% in earnings per share [21][9] - The results were driven by growth in the Gas Utility and Midstream segments, offset by lower earnings in the marketing segment [22][9] Business Line Data and Key Metrics Changes - Gas utility earnings increased, particularly at Spire Alabama and Spire Gulf, while Spire Missouri experienced lower earnings [22] - The marketing segment's performance was lower due to reduced market volatility and higher transportation storage fees [24] - The Midstream segment saw strong earnings growth driven by new contracts and higher rates on contract renewals [23] Market Data and Key Metrics Changes - The first quarter experienced warmer than normal weather, with Missouri being 18% warmer than normal and Alabama 25% warmer than normal, impacting residential customer usage [25][25] - Despite the warm weather, the company managed to mitigate some temperature-sensitive margins in Alabama [25] Company Strategy and Development Direction - The company reaffirmed its long-term EPS growth target of 5% to 7% and a fiscal 2025 earnings guidance range of $4.40 to $4.60 per share [27][13] - The ten-year capital expenditure plan remains at $7.4 billion, focusing on reliability, system modernization, and new service connections [13][27] - The company aims to achieve consistent regulatory outcomes across all jurisdictions to ensure a sustainable financial outlook [12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving financial and operational goals while executing strategies for organic growth and infrastructure investment [14][31] - The company is focused on maintaining a strong balance sheet and delivering natural gas safely and reliably [31][32] Other Important Information - The company filed a rate case in Missouri for new rates effective by October 2025, with an anticipated revenue increase of $19 million from the infrastructure system replacement surcharge [10][11] - The average customer bill in Missouri is expected to increase by approximately 15% or $14 per month if the rate case is approved [19][80] Q&A Session Summary Question: Weather impact for the quarter - Management acknowledged the warm start to winter and noted that there is still a lot of winter left, indicating potential for recovery in Q2 [36][37] Question: Marketing segment guidance - Management expressed confidence that the marketing segment can meet its guidance despite the first quarter results, citing a constructive backdrop for the second quarter [38][40] Question: Rate case strategy - Management indicated that the rate case is progressing as expected and highlighted the potential for discrete adjustments in the case [48][50] Question: Customer bill increase details - Management confirmed that the average customer bill increase is expected to be $14 to $15 per month, but noted that this would return average bills to levels prior to recent gas cost reductions [79][81] Question: Inflationary pressures on O&M - Management acknowledged ongoing cost pressures but maintained confidence in keeping O&M expenses flat for the year [82][83]

First quarter fiscal 2025 update February 5, 2025 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 update them. Forward- looking statements are typically identified by words such as, but not limited to: "estimates," "expects," "anticipates," "intends," "targets," "plans," " ...

Spire Inc. (SR) reported first-quarter fiscal 2025 earnings of $1.34 per share, which lagged the Zacks Consensus Estimate of $1.42 by 5.6%. The company’s bottom line also declined 8.8% from $1.47 reported in the year-ago quarter.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.SR’s Revenues Total revenues for the reported quarter were $669.1 million, which missed the Zacks Consensus Estimate of $726 million by 7.8%. The top line also decreased 11.6% from $756.6 million in the year ...

For the quarter ended December 2024, Spire (SR) reported revenue of $669.1 million, down 11.6% over the same period last year. EPS came in at $1.34, compared to $1.47 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $725.71 million, representing a surprise of -7.80%. The company delivered an EPS surprise of -5.63%, with the consensus EPS estimate being $1.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Financial Performance - Operating revenues for Q4 2024 were $669.1 million, a decrease of 11.5% compared to $756.6 million in Q4 2023[10]. - Net income for Q4 2024 was $81.3 million, down from $85.1 million in Q4 2023, representing a decline of 4.5%[12]. - Basic earnings per common share for Q4 2024 were $1.34, compared to $1.52 in Q4 2023, a decrease of 11.8%[10]. - Adjusted earnings for the three months ended December 31, 2024, were $81.1 million, compared to $82.7 million in the same period of 2023, reflecting a decrease of 1.9%[122]. - For the three months ended December 31, 2024, Spire's financial results are compared to the same period in 2023, highlighting changes in net income and adjusted earnings[159]. Revenue and Expenses - Total operating expenses decreased to $520.3 million in Q4 2024 from $617.4 million in Q4 2023, reflecting a reduction of 15.7%[10]. - Operating revenues decreased to $457.5 million in Q4 2024 from $535.4 million in Q4 2023, reflecting a decline of 14.5%[27]. - Operating revenues for Spire Alabama Inc. decreased to $120.4 million in Q4 2024, down 15.0% from $142.1 million in Q4 2023[41]. - Operating income for the quarter was $148.8 million, compared to $139.2 million in the prior year, marking an increase of 6.5%[164]. - Operating and maintenance expenses decreased by $1.7 million compared to the prior year, reflecting lower non-payroll operations expenses[171]. Assets and Liabilities - Total assets increased to $11,275.8 million as of December 31, 2024, up from $10,860.7 million at the end of the previous fiscal year, marking a growth of 3.8%[15]. - Total Capitalization rose to $7,015.0 million as of December 31, 2024, compared to $6,313.4 million a year prior, indicating an increase of 11.1%[17]. - Total liabilities stand at $27.9 million, with $21.9 million attributed to gas utility and $6 million to gas marketing[105]. - The current liabilities increased to $908.6 million as of December 31, 2024, compared to $781.7 million at September 30, 2024, reflecting a rise of 16.3%[33]. Cash Flow - The company reported a net cash provided by operating activities of $81.1 million, an increase from $70.0 million in the same quarter of the previous year, reflecting a growth of 15.9%[24]. - Net cash provided by operating activities for the three months ended December 31, 2024, improved by $11.1 million to $81.1 million[189]. - Cash and cash equivalents increased to $11.5 million from $4.5 million in the previous quarter, a significant rise of 155.6%[15]. Capital Expenditures - Capital expenditures for the three months ended December 31, 2024, totaled $260.6 million, compared to $226.5 million in the same period of 2023, an increase of 15.0%[24]. - Capital expenditures for the three months ended December 31, 2024, were $178.3 million, an increase from $144.7 million in the same period of 2023[39]. Shareholder Equity - Total Shareholders' Equity increased to $3,308.9 million as of December 31, 2024, up from $3,050.8 million a year earlier, representing a growth of 8.5%[17]. - Total shareholder's equity rose to $2,049.4 million as of December 31, 2024, compared to $1,901.9 million a year earlier, marking an increase of 7.8%[33]. Debt and Interest - Long-term debt (less current portion) was reported at $3,697.7 million, a slight decrease from $3,704.4 million in the previous quarter[17]. - The weighted average interest rate for Spire's borrowings outstanding as of December 31, 2024, was 4.4%[95]. - Interest expense for the three months ended December 31, 2024, was $6.3 million, compared to $3.8 million for the same period in 2023[97]. Regulatory Assets and Liabilities - Regulatory assets decreased to $1,288.4 million as of December 31, 2024, down from $1,266.9 million a year earlier, a decline of 1.7%[15]. - Total Regulatory Assets for Spire increased to $1,378.0 million as of December 31, 2024, compared to $1,367.2 million on September 30, 2024, and $1,523.3 million on December 31, 2023[78]. - Total Regulatory Liabilities for Spire rose to $628.2 million as of December 31, 2024, up from $585.0 million on September 30, 2024, and $494.3 million on December 31, 2023[78]. Market and Operational Insights - The company is focused on expanding its gas marketing segment, which has shown resilience despite market fluctuations[105]. - Future outlook includes potential growth in natural gas contracts and strategic investments in energy markets[105]. - The company is focusing on expanding its market presence through strategic acquisitions and new product developments[106]. Environmental and Regulatory Matters - The company has identified three former manufactured gas plant sites in Missouri, with ongoing remediation efforts and cost-sharing agreements in place[132][134]. - The company is involved in various environmental liabilities and litigation, but management believes these will not materially affect financial statements[127][128].

Spire (SR) came out with quarterly earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.63%. A quarter ago, it was expected that this natural gas distributor would post a loss of $0.52 per share when it actually produced a loss of $0.54, delivering a surprise of -3.85%.Over the last four quarters, the company ...

Exhibit 99.1 Investor Contact: Megan L. McPhail 314-309-6563 Megan.McPhail@SpireEnergy.com Media Contact: Jason Merrill 314-342-3300 Jason.Merrill@SpireEnergy.com For Immediate Release Spire reports FY25 first quarter results ST. LOUIS (Feb. 5, 2025) – Spire Inc. (NYSE: SR) today reported results for its fiscal 2025 first quarter ended December 31. Highlights include: For fiscal 2025 first quarter, Spire reported adjusted earnings per share of $1.34, a decrease of $0.13 compared to last year. Gas Utility ea ...

ST. LOUIS, Feb. 5, 2025 /PRNewswire/ -- Spire Inc. (NYSE: SR) today reported results for its fiscal 2025 first quarter ended December 31. Highlights include: First quarter net income of $81.3 million ($1.34 per diluted share) compared to $85.1 million ($1.52 per share) a year ago First quarter adjusted earnings* of $81.1 million ($1.34 per share) compared to $82.7 million ($1.47 per share) a year ago Affirmed fiscal 2025 adjusted earnings guidance range of $4.40–$4.60For fiscal 2025 first quarter, Spire rep ...

Spire (SR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. On the ...