The company’s adjusted loss from continuing operations reached $15.7 million, or $(0.26) per share, for the period ending June 30, compared to a $13.3 million loss during the same quarter last year. CEO Scott Doyle pointed to the completion of portfolio optimization as a turning point, characterizing the divestitures as a strategic move to refine Spire into a focused utility provider. While the bottom line felt the impact of acquisition and transition costs, performance within the gas utility segment showed resilience, supported by new rates in Missouri and Alabama alongside disciplined cost management.
Spire Inc. Reaffirms Earnings Targets Following Portfolio Shift
St. Louis-based Spire Inc. reported a net loss of $42.6 million for its fiscal 2026 third quarter, a decline attributed to the company's recent divestiture of its marketing and storage businesses. Despite the quarterly loss, leadership reaffirmed its annual earnings guidance as the utility moves toward a simplified, fully regulated model.
Looking ahead, Spire maintains its fiscal 2026 adjusted earnings guidance of $3.90 to $4.10 per share and anticipates 2027 earnings between $5.40 and $5.60. The company’s long-term strategy relies on an $11.2 billion capital investment plan through 2035, aimed at infrastructure upgrades and organic growth. Executives remain committed to a long-term adjusted earnings growth target of 5-7%, betting that the shift toward a more predictable, regulated utility structure will create sustainable value for shareholders.
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