Quarterly ResultMay 6, 2026, 07:08 AM
Spire Q2 Adjusted EPS $3.76; FY26 Guidance Cut to $3.90-$4.10
AI Summary
Spire Inc. reported strong second quarter fiscal 2026 results, with adjusted earnings from continuing operations rising to $3.76 per diluted share from $3.17 a year ago, and net income increasing to $3.51 per diluted share. The company completed the acquisition of Piedmont Natural Gas Tennessee and announced further divestitures of non-core assets, including the sale of Spire Marketing and agreements to sell Spire Storage and Spire Mississippi, to focus on regulated gas utility businesses. However, Spire updated its fiscal 2026 adjusted earnings guidance from continuing operations to $3.90–$4.10 per share, reflecting lower weather-related usage, while reaffirming its fiscal 2027 and long-term growth targets.
Key Highlights
- Spire reported Q2 FY26 adjusted earnings from continuing operations of $223.7 million ($3.76 per diluted share), up from $189.3 million ($3.17 per share) a year ago.
- Net income for Q2 FY26 was $217.6 million ($3.51 per diluted share), compared to $189.3 million ($3.17 per share) in the prior year.
- The company updated its fiscal 2026 adjusted earnings guidance from continuing operations to $3.90–$4.10 per share.
- Spire reaffirmed its fiscal 2027 adjusted EPS guidance range of $5.40–$5.60 and long-term adjusted earnings growth target of 5-7%.
- Completed the acquisition of the Piedmont Natural Gas Tennessee business on March 31, 2026.
- Following quarter-end, completed the sale of Spire Marketing and announced agreements to sell Spire Storage and Spire Mississippi.
- Gas Utility segment adjusted earnings for Q2 FY26 increased to $234.8 million from $195.2 million year-over-year.
- Spire maintains a 10-year $11.2 billion capital investment target through fiscal 2035.