Core Viewpoint - Spire Inc. will host a conference call on April 30, 2025, to discuss its fiscal 2025 second quarter financial results and earnings guidance [1] Group 1: Conference Call Details - The conference call is scheduled for April 30, 2025, at 9 a.m. CT (10 a.m. ET) [1] - Participants can access the call by dialing the provided phone numbers 5-10 minutes prior to the start time [1] - A news release will be issued before the market opens on the same day [1] Group 2: Replay Information - A replay of the call will be available until May 7, 2025, with specific access numbers for the U.S., Canada, and international callers [2] - The replay access code for the call is 5397934 [2] - A replay of the webcast will also be available on the company's website [2] Group 3: Company Overview - Spire Inc. serves 1.7 million homes and businesses, making it one of the largest publicly traded natural gas companies in the U.S. [3] - The company operates gas utilities in Alabama, Mississippi, and Missouri [3] - Spire's business strategy focuses on organic growth, infrastructure investment, and innovation [3]

Core Insights - Spire Global (NYSE: SPIR) is identified as a growing satellite and data company, previously rated as a Buy in two analyses, with the most recent coverage in January indicating a significant price drop since then [1] Company Analysis - The analysis approach focuses on value investing, adopting an owner's mindset and a long-term perspective, with no recommendations for short selling [1] - The analyst holds a beneficial long position in SPIR shares through various financial instruments, indicating confidence in the company's future performance [2] Market Context - The article emphasizes that past performance does not guarantee future results, highlighting the inherent uncertainties in investment decisions [3]

Group 1 - The company focuses on timely dividend-paying stocks to assist investors in wealth accumulation [1] - The author has extensive experience as a Registered Investment Advisor and has published multiple investment-related books [1] - The company aims to provide a steady pace of financial growth for its clients through various investment strategies [1] Group 2 - The author has a background in corporate management, having worked for Georgia-Pacific Corp for 15 years before starting their own ventures [1] - The company has a history of involvement in small business advisory roles, including an appointment by President Ronald Reagan [1] - The investment newsletter created in the late 1990s emphasized selections of dividend-paying stocks [1]

Core Viewpoint - Spire Inc. is positioned to benefit from its investments aimed at expanding operations and meeting increasing customer demand, while also leveraging technology to enhance efficiency and service quality [1][4]. Investment and Growth Plans - Spire plans to invest $790 million in fiscal 2025, which is $100 million more than its previous estimate, focusing on reliability, new service connections, and advanced meter installations in Spire Missouri [2]. - The company has a long-term capital investment plan of $7.4 billion over the next decade, expecting to drive 7-8% rate base growth [2]. Customer Base and Technological Advancements - There has been a consistent increase in the average number of gas utility customers, with Spire installing over 350,000 advanced meters in fiscal 2024, benefiting a total of 850,000 customers [3]. - The company is innovating through technology, which not only enhances service quality but also reduces operational costs, benefiting customers [4]. Challenges and Risks - Spire's supply of natural gas is reliant on the performance of suppliers and the capacity of pipeline and storage operators, posing a risk to financial performance in case of disruptions [5]. - The company faces regulatory challenges due to numerous environmental laws, which can increase operating costs and impact profitability if compliance is not met [6]. Stock Performance - Over the past six months, Spire's stock has increased by 14.6%, contrasting with a 3.5% decline in the industry [7]. Industry Comparisons - Other better-ranked stocks in the industry include UGI Corporation, Southwest Gas, and New Jersey Resources, all currently rated Zacks Rank 2 (Buy) [8]. - UGI has a long-term earnings growth rate of 4.8% with an average earnings surprise of 74.82% over the last four quarters [8]. - Southwest Gas has a long-term earnings growth rate of 6.6%, with a Zacks Consensus Estimate for 2025 EPS indicating a 17.1% improvement [9]. - New Jersey Resources has a fiscal 2025 EPS estimate showing a 7.5% improvement, with revenues projected at $1.84 billion, reflecting a 2.5% rise [9].

Core Viewpoint - Spire Global is facing significant financial challenges due to high debt levels and cash burn, but a potential sale of its maritime subsidiary could resolve these issues and position the company for growth [1][2][3]. Financial Situation - Spire Global has $131 million in debt and only $64 million in cash, having burned through $54 million in cash in 2023 [2]. - The company plans to sell its maritime ship-tracking subsidiary to Kpler for $241 million, which would eliminate its debt and provide sufficient cash to operate for at least three years [3][4]. Sale and Legal Issues - Kpler initially agreed to the acquisition but later attempted to back out, leading Spire to file a lawsuit to enforce the sale [5][6]. - Spire's management has indicated uncertainty regarding the lawsuit's outcome, which could force the company to repay its loans immediately if the deal fails [6]. Recent Earnings and Performance - In Q3 2024, Spire reported a 29% year-over-year increase in sales to $28.6 million and a significant reduction in GAAP losses to $12.5 million [9]. - The company generated positive free cash flow of $5.1 million and has a strong book-to-bill ratio of 1.4, indicating potential for future sales growth [9]. Current Status and Market Reaction - Despite positive earnings news and the potential for the Kpler deal to close soon, Spire's stock has not reacted favorably, with a 16% decline in stock price following the earnings report [10][11]. - The market has not yet fully recognized the implications of the Kpler deal, suggesting that Spire's stock could potentially double once investors understand the situation [12].

Company Overview - Spire Inc. reported Q1 fiscal 2025 earnings of $1.34 per share, missing the Zacks Consensus Estimate of $1.42 by 5.6% and declining 8.8% from $1.47 in the prior year [2] - Total revenues for the quarter were $669.1 million, missing the Zacks Consensus Estimate of $726 million by 7.8% and decreasing 11.6% from $756.6 million in the year-ago quarter [3] Financial Performance - Operating expenses totaled $520.3 million, down 15.7% from $617.4 million in the prior-year period [4] - Operating income was $148.8 million, compared to $139.2 million in the prior-year quarter [4] - Net interest expenses decreased 5.1% year over year to $48 million [4] Segment Performance - Gas Utility segment reported adjusted earnings of $77.8 million, up 2.6% from the prior-year quarter, driven by higher Spire Missouri ISRS revenues and improved margins at Spire Alabama [5] - Gas Marketing segment reported adjusted earnings of $2.2 million, down 69.4% from the prior-year quarter due to higher storage and transportation costs [6] - Midstream segment adjusted earnings totaled $12 million, up 400% from the year-ago quarter, attributed to higher Spire Storage earnings [7] - Other segment reported an adjusted loss of $10.9 million compared to a loss of $2.7 million in the prior-year quarter [7] Financial Highlights - Cash and cash equivalents as of December 31, 2024, were $11.5 million, up from $4.5 million as of September 30, 2024 [8] - Long-term debt as of December 31, 2024, totaled $3,697.7 million, slightly down from $3,704.4 million as of September 30, 2024 [8] - Net cash provided by operating activities in Q1 totaled $81.1 million, compared to $70 million in the year-ago period [8] Guidance and Outlook - Spire expects fiscal 2025 earnings to be in the range of $4.40-$4.60 per share, with the Zacks Consensus Estimate at $4.51 per share [10] - The company anticipates a 10-year capital investment of $7.4 billion, expected to drive annual rate-based growth of 7-8% [10] - Capital expenditures for fiscal 2025 are projected to be $790 million [10] Industry Context - Spire is part of the Zacks Utility - Gas Distribution industry, which has seen Atmos Energy (ATO) gain 2.3% over the past month [14] - Atmos reported revenues of $1.18 billion for the quarter ended December 2024, reflecting a year-over-year change of +1.5% [14]

Spire's biggest news of last year could become its worst news of this year.Spire Global (SPIR -52.59%) stock crashed 49.7% through 11:11 a.m. ET Wednesday, and a lot of investors are wondering why right now. What the heck is going on? There's neither a single press release about this nor anything on the company's website to explain the disaster.Lucky for you, I've found the answer.In a Securities and Exchange Commission 8-k filing last night, Spire Global warned investors about a major risk to their investm ...

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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]