Spire Inc. (NYSE: SR) has reported its fiscal year 2025 results, showcasing a strong performance. The company's fiscal 2025 net income stood at $271.7 million ($4.37 per diluted share), compared to $250.9 million ($4.19 per share) in fiscal 2024. Adjusted earnings for fiscal 2025 reached $275.5 million ($4.44 per share), marking a notable increase from the $247.4 million ($4.13 per share) reported in fiscal 2024.
For the gas utility segment, fiscal 2025 adjusted earnings were $231.4 million, up from $220.8 million in fiscal 2024. Gas marketing saw adjusted earnings rise to $25.9 million from $23.4 million in fiscal 2024. The midstream segment's adjusted earnings surged to $56.3 million, compared to $33.5 million in fiscal 2024. However, the other activities reported a loss on an adjusted earnings basis of $38.1 million in fiscal 2025, compared to a $30.3 million loss in the previous year.
Looking ahead, Spire has established its fiscal 2026 adjusted EPS guidance in the range of $5.25 to $5.45. For fiscal 2027, the company anticipates adjusted EPS to be in the range of $5.65 to $5.85. Spire has also raised its 10-year capital investment target to $11.2 billion, extending through fiscal 2035, in support of its long-term adjusted earnings per share growth of 5–7%.
Furthermore, in light of its solid performance and future growth expectations, Spire's board of directors has increased the quarterly common stock dividend to $0.825 per share, reflecting a 5.1% increase. This raises the annualized rate to $3.30 per share, marking the 23rd consecutive year of dividend growth.
In the fiscal 2025 fourth quarter, Spire reported a consolidated net loss of $39.8 million, or $(0.74) per share, compared to a net loss of $25.9 million, or $(0.51) per share, in the previous year. On an adjusted earnings basis, the quarterly loss was $24.1 million, or $(0.47) per share, compared to a loss of $27.6 million, or $(0.54) per share, in the year-ago period.
Spire's President and CEO, Scott Doyle, attributed the solid performance to the company's disciplined approach to growth, operational excellence, and continuous improvement. He highlighted the strategic priorities achieved in fiscal 2025, positioning the company for sustainable long-term value and reflected in the adjusted EPS guidance range of $5.65 to $5.85 in fiscal 2027.
Spire Inc. serves 1.7 million homes and businesses, making it one of the largest publicly traded natural gas companies in the country. The company is committed to transforming its business through organic growth, infrastructure investments, and continuous improvement.
Following these announcements, the company's shares moved -1.53%, and are now trading at a price of $89.16. Check out the company's full 8-K submission here.
