Spire(US:SR)2024-07-31 15:43Financial Performance - Q3 FY24 net economic loss was $0.14 per share, an improvement of $0.28 compared to last year[25] - The company lowered its FY24 guidance range to $4.15 - $4.25[25] - Net economic earnings increased by $14.3 million, reflecting growth in all businesses[28] - Gas Marketing increased $3.5 million due to improved transportation margins[28] Capital Expenditure and Investment - YTD Q3 FY24 capital expenditure reached $631 million[8] - The company is executing a robust capital expenditure plan, driven by Gas Utility investment, including $83 million of new business[12] - The 10-year capital expenditure plan remains at $7.3 billion[12] - FY24 capital expenditure target raised to $830 million driven by utility meter spend[27] - Midstream capital expenditure remains at $140 million driven by the Spire Storage West expansion[27] Gas Utility - Spire Missouri approved annual ISRS revenues of $36.9 million and filed for an additional $17.7 million in July 2024[26] - Gas Utility capital expenditure is driven by safety and reliability (75%), customer expansion (16%), and other factors (9%)[13]