Core Insights - Spire reported revenue of $421.9 million for the quarter ended June 2025, reflecting a year-over-year increase of 1.9% and surpassing the Zacks Consensus Estimate by 2.16% [1] - The company achieved an EPS of $0.01, a significant improvement from -$0.14 in the same quarter last year, resulting in an EPS surprise of 111.11% [1] Revenue Performance - Operating Revenues from Gas Utility were $347.5 million, which was below the estimated $356.49 million, marking a decline of 6.8% year-over-year [4] - Gas Marketing revenues reached $43.1 million, exceeding the average estimate of $20.22 million, representing a substantial increase of 103.3% year-over-year [4] - Midstream revenues were reported at $42.2 million, surpassing the estimate of $31.86 million, with a year-over-year growth of 29.9% [4] - Other revenues amounted to $5.7 million, exceeding the estimate of $4.47 million, reflecting an 18.8% increase year-over-year [4] - Eliminations reported a figure of -$16.6 million, slightly better than the estimated -$17 million, with a year-over-year change of -2.9% [4] Operating Income - Operating Income from Gas Marketing was $28.7 million, significantly higher than the estimated $1.48 million [4] - Midstream Operating Income was reported at $23.8 million, exceeding the average estimate of $18.55 million [4] - Gas Utility Operating Income was $16.6 million, which fell short of the estimated $23.65 million [4] - Other Operating Income was $0.1 million, compared to the estimated -$0.23 million [4] Stock Performance - Spire's shares have returned 2.6% over the past month, outperforming the Zacks S&P 500 composite's 1% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

Spire (SR) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.09 per share. This compares to a loss of $0.14 per share a year ago. These figures are adjusted for non- recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Spire shares have added about 11.9% since the beginning of the year versus ...

Core Insights - Spire Inc. reported adjusted earnings per share of $0.01 for the third quarter of fiscal 2025, an increase of $0.15 compared to the previous year, driven by improved performance across all segments [1][7] - The company reaffirmed its fiscal 2025 adjusted earnings guidance range of $4.40 to $4.60 per share, indicating confidence in sustainable growth and long-term value creation [2][17] - Spire announced the acquisition of Piedmont Natural Gas Tennessee business for $2.48 billion, expected to close in the first quarter of calendar 2026, which is anticipated to enhance its regulated utility footprint and financial performance [3][7] Financial Performance - For the third quarter ended June 30, 2025, Spire reported a net income of $20.9 million, or $0.29 per diluted share, compared to a loss of $12.6 million, or $(0.28) per share, in the same period last year [7][25] - Adjusted earnings for the third quarter were $4.1 million, or $0.01 per share, compared to a loss of $4.3 million, or $(0.14) per share, in the prior year [7][27] - The Gas Utility segment reported an adjusted loss of $10.0 million, an improvement from a loss of $11.0 million in the previous year, while Gas Marketing and Midstream segments saw adjusted earnings of $5.3 million and $16.2 million, respectively [5][11][12] Segment Analysis - The Gas Utility segment's contribution margin increased by $4.2 million, primarily due to higher Infrastructure System Replacement Surcharge revenues, despite lower usage net of weather mitigation [8][15] - Gas Marketing adjusted earnings increased significantly from $1.0 million to $5.3 million, attributed to the business being well-positioned to create value [11] - Midstream adjusted earnings rose from $13.9 million to $16.2 million, driven by higher storage earnings due to additional capacity and asset optimization [12][16] Strategic Initiatives - The acquisition of Piedmont Natural Gas Tennessee is seen as a strategic fit that supports long-term adjusted earnings per share growth of 5-7% [3][7] - The company filed a unanimous stipulation and agreement in the Spire Missouri rate case, which is pending approval by the Missouri Public Service Commission, reflecting a commitment to reliable and affordable energy [4][7] - Spire's capital investment target is set at $7.4 billion over the next 10 years, focusing on infrastructure upgrades and new business in the Gas Utility segment, with fiscal 2025 capital expenditures increased to $875 million from $840 million [18][17]

Core Viewpoint - The Zacks Utilities sector is expected to see a 0.7% increase in earnings for Q2 2025, driven by higher revenues of 7.5%, supported by new rates, cost-saving initiatives, and customer growth [1] Group 1: Earnings Expectations - MDU Resources Group is anticipated to benefit from customer growth in electric and natural gas sectors, with an Earnings ESP of +20% and a Zacks Rank 2, despite a projected earnings decrease of 59.4% year-over-year [7][8] - ONE Gas is expected to report earnings of $1.75 per share, reflecting a 37.8% increase from the previous year, supported by new rates and infrastructure investments, with an Earnings ESP of +3.22% and a Zacks Rank 2 [9][10] - Sempra Energy's earnings are projected at 83 cents per share, a decrease of 6.7% from the prior year, benefiting from renewable energy investments and data center demand, with an Earnings ESP of +0.60% and a Zacks Rank 2 [11] - Spire is expected to show an improvement in fiscal third-quarter earnings, with a projected loss of 9 cents per share, indicating a 35.7% improvement year-over-year, supported by advanced meter installations and customer growth, with an Earnings ESP of +14.81% and a Zacks Rank 3 [12][13] Group 2: Factors Influencing Performance - Utility providers are benefiting from higher electricity rates, acquisitions, cost reductions, and energy-efficiency programs, which enhance their overall performance [3] - The installation of smart meters is improving operational efficiency and customer engagement, leading to reduced costs and increased revenue [4] - The growing demand from data centers, particularly those supporting artificial intelligence, is significantly increasing electricity consumption, positively impacting utility revenues [5] - Economic improvements in service territories are creating fresh demand for utility services, further boosting revenues [4][5][6]

Spire (SR) M&A Announcement July 29, 2025 08:30 AM ET Speaker0Good day, and welcome to Acquisition of Piedmont Natural Gas Tennessee LDC Business Conference Call. All participants will be in the listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. I would now like to turn the conference over to Ms.Megan McPhail, Managing Director of Investor Relations. Please go ahead.Speaker1Good morning and thank you for joining us. On the ...

July 29, 2025 Forward-looking statements and use of non-GAAP measures This presentation contains "forward looking statements," including Spire Inc. ("Spire") management's guidance regarding the impact of the proposed transaction on Spire, including the potential impact on earnings per share and the return on equity and other potential economic benefits to Spire. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of ...

Duke Energy agreed to sell its Tennessee Piedmont Natural Gas business to Spire for $2.5 billion. https://t.co/qUjB6nbZTm ...

Core Viewpoint - Spire Inc. has announced the acquisition of Piedmont Natural Gas's Tennessee local distribution company for $2.48 billion, which is expected to enhance its regulated utility footprint and support long-term earnings growth [2][4][7]. Acquisition Details - The acquisition is structured on a cash-free, debt-free basis, with a purchase price multiple of 1.5x the estimated rate base in 2026 [2]. - The transaction is anticipated to close in the first quarter of 2026, pending regulatory approvals and customary closing conditions [10]. Strategic Rationale - The acquisition significantly expands Spire's regulated business scale, adding to its existing operations in Missouri, Alabama, and Mississippi [4][7]. - It diversifies and de-risks growth by providing robust customer additions and system integrity investments in a favorable regulatory environment [7]. - Spire aims to increase its utility customer base to nearly two million homes and businesses through this acquisition [5]. Financial Implications - The transaction is expected to be accretive to adjusted earnings per share and supports long-term growth expectations of 5-7% [2][8]. - It generates significant cash flow to support business investments, shareholder returns, and dividend growth [8]. Financing Structure - The acquisition will be financed through a fully committed bridge facility and a balanced mix of debt, equity, and hybrid securities [9]. - Spire is also considering the sale of non-utility assets as a potential funding source [9]. Customer and Community Focus - Spire emphasizes its commitment to customer service and community engagement, aiming to build on the existing foundation of Piedmont Natural Gas [6][7]. - The integration of Piedmont Natural Gas is expected to enhance service delivery in the Nashville area [3][5].

"The transaction allows us to efficiently fund accelerating investment opportunities driven by record customer growth and a deepening economic development pipeline," said Harry Sideris, Duke Energy president and chief executive officer. "We're confident Spire will support the continued growth and success of the Tennessee natural gas business and serve as an incredible operator for the benefit of employees, customers and communities." Sideris added, "I want to thank our customers and the Nashville community ...

Company Overview - Spire Inc. is one of the largest publicly traded natural gas companies in the United States, serving 1.7 million homes and businesses [4] - The company operates gas utilities in Alabama, Mississippi, and Missouri, and has natural gas-related businesses including Spire Marketing and Spire Midstream [4] - Spire Inc. is focused on organic growth, infrastructure investment, and innovation to transform its business [4] Upcoming Conference Call - Spire Inc. will host a conference call and webcast on August 5, 2025, at 10 a.m. CT (11 a.m. ET) to discuss fiscal 2025 third quarter financial results and earnings guidance [1][2] - A news release will be issued before the market opens on the same day, available at Investors.SpireEnergy.com [1] - The call can be accessed via phone or webcast, with specific numbers provided for U.S., Canada, and international participants [2] Replay Information - A replay of the conference call will be available until August 12, 2025, with specific access numbers for U.S., Canada, and international callers [3] - The replay access code for the call is 7161404, and a replay of the webcast will also be available on the company's website [3]