Financial Performance - For fiscal 2025, Spire reported consolidated adjusted earnings per share of $4.44, a 7.5% increase from $4.13 in fiscal 2024[1] - Fiscal 2025 net income was $271.7 million ($4.37 per diluted share), compared to $250.9 million ($4.19 per share) in fiscal 2024[4] - Adjusted earnings for fiscal 2025 totaled $275.5 million, up from $247.4 million in fiscal 2024[4] - Fiscal 2026 adjusted EPS guidance is set at $5.25 to $5.45, while fiscal 2027 guidance is $5.65 to $5.85[4][14] Segment Performance - Gas Utility adjusted earnings increased to $231.4 million in fiscal 2025 from $220.8 million in fiscal 2024[6] - Midstream adjusted earnings rose to $56.3 million in fiscal 2025, up from $33.5 million in fiscal 2024, driven by additional storage capacity and higher contract rates[11] - Contribution margin increased by $37.5 million, primarily due to new rates at Spire Alabama and higher ISRS revenues at Spire Missouri[7] Dividend and Capital Investment - The company raised its common stock dividend by 5.1%, marking 23 consecutive years of dividend growth[16] - Spire's 10-year capital investment target has been increased to $11.2 billion, supporting long-term adjusted EPS growth of 5–7%[15] Quarterly Performance - The company reported a consolidated net loss of $39.8 million in the fourth quarter of fiscal 2025, compared to a net loss of $25.9 million in the same period last year[18] - Operating revenues for Q3 2025 increased to $334.1 million, up 13.7% from $293.8 million in Q3 2024[27] - Net loss for Q3 2025 was $39.8 million, compared to a net loss of $25.9 million in Q3 2024, reflecting a deterioration in performance[27] - Total operating expenses rose to $334.6 million in Q3 2025, a 22.1% increase from $274.0 million in Q3 2024[27] Cash Flow and Investments - The company reported a net cash provided by operating activities of $578.0 million for the year ended September 30, 2025, down from $912.4 million in the previous year[29] - Capital expenditures for the year ended September 30, 2025, were $922.4 million, compared to $861.3 million in 2024, indicating increased investment in infrastructure[29] Balance Sheet - Total assets increased to $11,575.3 million as of September 30, 2025, up from $10,860.7 million in 2024, reflecting growth in the company's asset base[28] - The company’s long-term debt decreased to $3,369.4 million from $3,704.4 million year-over-year, indicating improved debt management[28] Adjusted Loss and Earnings - Adjusted loss earnings for Q3 2025 were reported at $(24.1) million, translating to $(0.47) per diluted share, compared to an adjusted loss of $(27.6) million or $(0.54) per diluted share in Q3 2024[30] - The contribution margin for the three months ended September 30, 2025, was $242.6 million, an increase from $224.5 million in the same period of 2024, reflecting a growth of approximately 8.1%[32] Year-End Results - Operating revenues for the year ended September 30, 2025, totaled $2,476.4 million, compared to $2,593.0 million for the year ended September 30, 2024, indicating a decrease of about 4.5%[32] - The total operating income for the year ended September 30, 2025, was $523.9 million, up from $488.3 million in 2024, representing an increase of approximately 7.3%[32] - Operation and maintenance expenses for the year ended September 30, 2025, were $542.1 million, compared to $507.4 million in 2024, reflecting an increase of about 6.8%[32] - Natural gas costs for the year ended September 30, 2025, were $905.5 million, a decrease from $1,103.3 million in 2024, showing a reduction of approximately 17.9%[32] - The contribution margin for the year ended September 30, 2025, was $1,455.2 million, compared to $1,361.5 million in 2024, indicating an increase of about 6.9%[32] - Depreciation and amortization expenses for the year ended September 30, 2025, were $298.2 million, up from $278.4 million in 2024, reflecting an increase of approximately 7.1%[32] - Taxes, other than income taxes, for the year ended September 30, 2025, totaled $206.7 million, compared to $215.6 million in 2024, indicating a decrease of about 4.5%[32] - The gross receipts tax expense for the year ended September 30, 2025, was $115.7 million, slightly up from $128.2 million in 2024, reflecting a decrease of about 9.8%[32]

Core Insights - Spire Inc. reported consolidated adjusted earnings per share of $4.44 for fiscal year 2025, reflecting a 7.5% increase from $4.13 in fiscal 2024, driven by improved gas utility and midstream earnings [1][8][10]. Financial Performance - For fiscal 2025, Spire's total adjusted earnings reached $275.5 million, up from $247.4 million in fiscal 2024 [8][10]. - The net income for fiscal 2025 was $271.7 million, compared to $250.9 million in fiscal 2024 [8][10]. - The company expects adjusted EPS for fiscal 2026 to be in the range of $5.25 to $5.45 and for fiscal 2027 to be between $5.65 and $5.85 [12][13]. Segment Performance - Gas Utility adjusted earnings increased to $231.4 million in fiscal 2025 from $220.8 million in fiscal 2024, primarily due to higher earnings at Spire Missouri and Spire Alabama [3][10]. - Midstream adjusted earnings rose significantly to $56.3 million in fiscal 2025 from $33.5 million in fiscal 2024, attributed to additional storage capacity and new contracts at higher rates [10][11]. - Gas Marketing adjusted earnings improved to $25.9 million in fiscal 2025 from $23.4 million in fiscal 2024, benefiting from a favorable market position [9][10]. Operational Highlights - Contribution margin increased by $37.5 million, mainly due to new rates at Spire Alabama and higher ISRS revenues at Spire Missouri, despite lower usage [4][10]. - Operating and maintenance expenses rose by $13.1 million, or 3.1%, due to higher employee costs and non-payroll related expenses [5][10]. - Depreciation expense increased by $14.0 million, reflecting higher capital investments [6][10]. Dividend and Capital Investment - The board of directors raised the common stock dividend by 5.1%, marking 23 consecutive years of dividend growth [15]. - Spire has increased its 10-year capital investment target to $11.2 billion, supporting long-term adjusted EPS growth of 5-7% [14].

Core Insights - U.S. stock futures are trading lower, indicating a cautious market sentiment ahead of earnings reports from several companies [1] Company Summaries - **Spire Inc (NYSE:SR)**: Expected to report a quarterly loss of 42 cents per share on revenue of $422.09 million. Shares fell 1.5% to close at $89.16 [2] - **Fluent Inc (NASDAQ:FLNT)**: Reported worse-than-expected third-quarter results, leading to a 6.9% decline in shares to $1.88 in after-hours trading [2] - **Legence Corp (NASDAQ:LGN)**: Analysts anticipate quarterly earnings of 6 cents per share on revenue of $639.78 million. Shares rose 3.7% to $34.56 in after-hours trading [2] - **Globant SA (NYSE:GLOB)**: Reported quarterly earnings of $1.53 per share, missing the consensus estimate of $1.54. However, sales of $617.143 million exceeded the estimate of $615.376 million. Shares fell 4.5% to $60.02 in after-hours trading [2] - **Applied Materials Inc (NASDAQ:AMAT)**: Reported better-than-expected fourth-quarter results, with expected first-quarter revenue of $6.85 billion, surpassing estimates of $6.76 billion. Shares declined 4.5% to $213.10 in after-hours trading [2]

Core Viewpoint - Spire Inc. is expected to report improved quarterly earnings with a projected loss of 38 cents per share compared to a loss of 54 cents per share a year ago, alongside a revenue estimate of $439.56 million, up from $293.8 million in the previous year [1]. Financial Performance - The anticipated quarterly loss for Spire is 38 cents per share, an improvement from the previous year's loss of 54 cents per share [1]. - The consensus estimate for quarterly revenue is $439.56 million, significantly higher than the $293.8 million reported a year ago [1]. Dividend Information - Spire has raised its annual dividend from $3.14 to $3.30 per share [1]. Stock Performance - Spire shares experienced a decline of 1.5%, closing at $89.16 on Thursday [2]. Analyst Ratings - B of A Securities upgraded Spire from Neutral to Outperform, raising the price target from $76 to $89 [4]. - Mizuho maintained an Outperform rating and increased the price target from $83 to $93 [4]. - UBS maintained a Buy rating and raised the price target from $80 to $95 [4]. - Jefferies initiated coverage with a Buy rating and a price target of $92 [4]. - Morgan Stanley maintained an Equal-Weight rating but reduced the price target from $81 to $76 [4].

Earnings Report - Spire Inc. is set to release its fourth-quarter earnings results on November 14, with analysts predicting a loss of 38 cents per share, an improvement from a loss of 54 cents per share a year ago [1] - The consensus estimate for quarterly revenue is $439.56 million, compared to $293.8 million in the same quarter last year [1] Dividend Announcement - The company has raised its annual dividend from $3.14 to $3.30 per share [1] Stock Performance - Spire shares experienced a decline of 1.5%, closing at $89.16 on Thursday [2] Analyst Ratings - B of A Securities upgraded Spire from Neutral to Outperform, raising the price target from $76 to $89 [4] - Mizuho maintained an Outperform rating and increased the price target from $83 to $93 [4] - UBS maintained a Buy rating and raised the price target from $80 to $95 [4] - Jefferies initiated coverage with a Buy rating and a price target of $92 [4] - Morgan Stanley maintained an Equal-Weight rating but reduced the price target from $81 to $76 [4]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Core Viewpoint - Spire Inc. is expected to report improved quarterly earnings with a projected loss of 38 cents per share compared to a loss of 54 cents per share a year ago, alongside a revenue estimate of $439.56 million [1] Group 1: Earnings Expectations - Spire Inc. will release its fourth-quarter earnings results on November 14, with analysts forecasting a quarterly loss of 38 cents per share [1] - The consensus estimate for Spire's quarterly revenue is $439.56 million, an increase from $293.8 million in the same quarter last year [1] Group 2: Analyst Upgrade and Price Target - Bank of America Securities analyst Ross Fowler upgraded Spire from Underperform to Neutral and raised the price target from $76 to $89 [2] Group 3: Dividend Information - Spire currently offers an annual dividend yield of 3.47%, translating to a quarterly dividend of 79 cents per share, or $3.14 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 1,911 shares, equating to a total investment of about $173,041 [4] - For a more conservative monthly income goal of $100, an investor would need 382 shares, requiring an investment of around $34,590 [4] Group 4: Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on stock price changes [5] - Changes in the dividend payment itself can also impact the dividend yield; an increase in the dividend payment raises the yield, while a decrease lowers it [6] Group 5: Stock Performance - Shares of Spire fell by 0.2% to close at $90.55 on Wednesday [6]

Core Viewpoint - Spire Global has revamped its business model to focus on satellite data and space services, leading to a positive outlook from analysts due to improved financial health after eliminating debt through the sale of its Maritime segment for $241 million [1][5]. Financial Performance - The company is set to release its quarterly earnings on November 14, 2025, with an estimated earnings per share (EPS) of -$0.46 and projected revenue of approximately $439.6 million [2][5]. - Despite the negative EPS, Spire is rated as a Buy due to its improved business model and financial health, emphasizing the goal of achieving positive free cash flow and capitalizing on new contracts [2][5]. Market Expectations - The market anticipates an increase in earnings year-over-year driven by higher revenues, although there are concerns regarding Spire's ability to achieve an earnings beat [3]. - The Zacks Consensus Estimate predicts a quarterly loss of $0.46 per share, indicating that actual results could significantly influence Spire's stock price [3]. Valuation Metrics - The enterprise value to sales ratio is around 4.20, and the enterprise value to operating cash flow ratio is approximately 15.37, providing insights into the company's valuation and financial health [4]. - The debt-to-equity ratio is approximately 1.41, and the current ratio is around 0.37, suggesting potential liquidity concerns [4].

Core Viewpoint - Spire Global (SPIR) is recognized for its growing satellite services business, with a consistent recommendation of a Buy rating despite stock volatility in 2025 [1]. Company Summary - The stock has experienced fluctuations in 2025, indicating a dynamic market environment [1]. - The analysis is based on value investing principles, focusing on a long-term investment perspective [1]. Analyst Position - The analyst holds a beneficial long position in SPIR, indicating confidence in the stock's future performance [2]. - The article reflects the analyst's personal opinions and is not influenced by external compensation [2].

Core Viewpoint - Spire Global, Inc. reported its financial results for the second quarter of 2025, highlighting a revenue of $19.2 million, which aligns with the company's guidance and exceeds previous estimates [1] Financial Performance - Revenue for the second quarter of 2025 reached $19.2 million, achieving the midpoint of Spire's guidance range [1] - The reported revenue is above the upper end of the preliminary, unaudited revenue range previously disclosed by the company [1] - Remaining performance obligations that have not yet been recognized were also mentioned, indicating potential future revenue [1]