Spire Inc. Reports $209.3M Net Income in Q2 2025

By Bobby Samwell • Wednesday, April 30 10:12 • Permanent Link

Spire Inc. (NYSE: SR) has reported its fiscal 2025 second-quarter results, highlighting a net income of $209.3 million ($3.51 per diluted share), compared to $204.3 million ($3.58 per share) in the same period a year ago. Adjusted earnings for the second quarter were $214.4 million ($3.60 per share), up from $196.6 million ($3.45 per share) a year ago.

For the first six months of fiscal 2025, Spire reported consolidated net income of $290.6 million ($4.86 per diluted share), compared to prior-year net income of $289.4 million ($5.14 per diluted share). Adjusted earnings were $295.5 million ($4.95 per share), compared to $279.3 million ($4.96 per share) last year.

Gas utility adjusted earnings for the second quarter were $195.2 million, up from $188.0 million in the prior year, reflecting higher earnings at Spire Missouri, partially offset by lower Spire Alabama earnings. Gas marketing earnings were slightly lower due to market conditions. Midstream earnings reflected growth due to additional capacity, contract renewals at higher rates, and asset optimization for Spire Storage. Spire's other activities reported an adjusted loss of $11.4 million versus $10.7 million in the prior year.

Looking ahead, Spire reaffirmed its fiscal 2025 adjusted earnings guidance range of $4.40–$4.60 per share, and the company continues to expect long-term adjusted earnings per share to grow 5–7%.

Spire's 10-year $7.4 billion capital investment target through fiscal 2034 is driven by investment in infrastructure upgrades and new business in the gas utility segment, with expected total capital expenditures for fiscal 2025 increasing from $790 million to $840 million.

Spire Inc. serves 1.7 million homes and businesses and is one of the largest publicly traded natural gas companies in the country, with gas utilities serving Alabama, Mississippi, and Missouri, as well as natural gas-related businesses including Spire Marketing and Spire Midstream. The market has reacted to these announcements by moving the company's shares -4.0% to a price of $73.98. For more information, read the company's full 8-K submission here.

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