SAN DIEGO, Aug. 19, 2024 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP is investigating whether Spire Global Inc. (NYSE: SPIR) or any of its executive officers or others violated securities laws by misrepresenting or failing to timely disclose material, adverse information to investors. The investigation focuses on investors' losses and whether they may be recovered under federal securities laws. What if I purchased Spire securities? If you purchased securities and suffered losses on your ...

BOSTON, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Spire Global, Inc. (NYSE: SPIR) for potential securities law violations. Investors who have lost money in their Spire Global investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/spir. What is this all about? Shares of Spire Global, Inc. are down 30% today after the company filed a Form 12b-25, a Notification of Late Filing, with the U.S. SEC ...

Investors can contact the law firm at no cost to learn more about recovering their losses LOS ANGELES, Aug. 14, 2024 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Spire Global Inc ("Spire") (NYSE: SPIR) investors that the firm has initiated an investigation into possible securities fraud and may file a class action on behalf of investors. Spire investors that lost money on their investment are encouraged to contact Lesley Portnoy, Esq. Investors are encouraged to contact attorney Lesley F. Portnoy, by ph ...

Core Viewpoint - Spire Inc. reported a narrower loss in Q3 fiscal 2024 compared to the previous year, driven by strong performance across its segments despite a slight decline in total revenues [1][2][3]. Financial Performance - The company reported a loss of 14 cents per share, better than the Zacks Consensus Estimate of a loss of 18 cents [1]. - Total revenues for the quarter were $414.1 million, missing the Zacks Consensus Estimate of $415 million by 0.3% and down 1.2% from $419 million in the prior-year quarter [3]. - Total operating expenses decreased by 5.7% to $383.4 million from $406.5 million in the prior-year period [4]. - Operating income increased significantly by 155.8% to $30.7 million from $12 million in the prior-year quarter [4]. - Net interest expenses rose by 4.5% year over year to $48.8 million [4]. Segment Performance - Gas Utility segment reported a net economic loss of $11 million, an improvement from a loss of $12.3 million in the prior-year quarter [5]. - Gas Marketing segment achieved net economic earnings of $1 million, recovering from a loss of $2.5 million in the prior-year period due to improved transportation margins [5]. - Midstream segment reported net economic earnings of $13.9 million, up from $3.6 million in the year-ago period, driven by higher storage earnings and new contracts [6]. - Other activities reported a loss of $8.2 million, slightly worse than a loss of $7.4 million in the prior-year quarter [6]. Guidance and Future Outlook - Spire lowered its fiscal 2024 net economic earnings guidance to a range of $4.15-$4.25 per share from the previous range of $4.25-$4.45, citing adverse weather conditions and increased expenses [8]. - The Zacks Consensus Estimate for fiscal 2024 earnings is $4.32 per share, which is above the company's revised guidance [8]. - The company plans capital investments of $7.3 billion through 2033, expecting an annual rate-based growth of 7-8% [9]. - Fiscal 2024 capital expenditure guidance was raised from $800 million to $830 million due to increased deployment of advanced meters [9].

Fair value and timing adjustments 0.1 6.1 ― ― 6.2 0.11 Q3 YTD FY24 contribution margin reconciliation to GAAP Gas Utility The Future is Bright Participants on today's call President and Chief Executive Officer Executive Vice President and Chief Operating Officer Executive Vice President and Chief Financial Officer 2 S p i r e | T h i r d q u a r t e r f i s c a l 2 0 2 4 u p d a t e • We remain focused on – Consistent and constructive regulatory outcomes • Spire Alabama annual rate setting in the Fall – Hig ...

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. 700 Market Street St. Louis, MO 63101 314-342-0500 | Missouri | 74-2976504 | | 1-1822 | Spire ...

Company Performance - Spire reported a quarterly loss of $0.14 per share, better than the Zacks Consensus Estimate of a loss of $0.18, and an improvement from a loss of $0.42 per share a year ago, resulting in an earnings surprise of 22.22% [1] - The company posted revenues of $414.1 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 0.32%, and down from $418.5 million year-over-year [2] - Over the last four quarters, Spire has surpassed consensus EPS estimates two times and topped consensus revenue estimates two times [2] Future Outlook - The current consensus EPS estimate for the coming quarter is -$0.32 on revenues of $332.5 million, and for the current fiscal year, it is $4.32 on revenues of $2.63 billion [8] - The estimate revisions trend for Spire is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] - The sustainability of the stock's immediate price movement will depend on management's commentary during the earnings call [3] Industry Context - The Utility - Gas Distribution industry, to which Spire belongs, is currently in the top 14% of over 250 Zacks industries, suggesting a favorable industry outlook [9] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Spire's performance [6]

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------|-------|----------------------------|-------|-----------------|-------|-------------|-------|--------| | Net Economic (Loss) Earnings* by Segment \nGas Utility | $ | (Millions) 2024 \n(11.0) | $ | 2023 \n(12.3) | | Share) 2024 | | 2023 | | | | | | | | | | | | Gas Marketing | | 1.0 | | (2.5) | | | | | | Midstream Other | | 13.9 (8.2) | | 3.6 (7.4) | | | | | | Total | $ | (4.3) | $ | ( ...

NEE excludes from net income, as applicable, the impacts of fair value accounting and timing adjustments associated with energy-related transactions, the impacts of acquisition, divestiture and restructuring activities, and the largely non-cash impacts of other non-recurring or unusual items such as impairments and certain regulatory, legislative, or GAAP standard-setting actions. Midstream NEE improved driven by higher storage earnings, reflecting the additional capacity and new contracts at higher rates, ...

At Spire Inc. (NYSE: SR) we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us one of the largest publicly traded natural gas companies in the country. We help families and business owners fuel their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses include Spire Marketing and Spire Midstream. We are committed t ...