At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. By subscribing, you will get access to our best ideas earlier than they are released to the general public (and many of them are not released at all) as well as far more in-depth research than we make available to everybody. In addition, all subscribers can read any of my work without a subscription to Seeking Alpha Premium!He is the leader of the i ...

Key Takeaways Spire expects to invest $840 million in FY25 as part of a $7.4 billion expansion capital strategy. Spire serves 850K customers with advanced meters, improving accuracy and customer engagement. SR expects long-term rate-based growth of 7-8%, driven by systematic infrastructure investments.Spire Inc. (SR) benefits from investments in strengthening and extending its operations, allowing it to fulfill rising demand from an increasing consumer base. It uses technology to carry out its operations ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.Zacks Premium includes access to the Zacks Style Scores as we ...

I covered Spire Global (NYSE: SPIR ) about a month ago and rated it a Buy. This was ahead of news that it might sell its maritime business segment and eliminate its debt. That "might" has since materialized. The maritime segment was sold, SpireI analyze securities based on value investing, an owner's mindset, and a long-term horizon. I don't write sell articles as those are considered short theses, and I never recommend shorting.Former advisory representative at Fidelity. I do my own investing now and share ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? Develo ...

Financial Performance - Operating revenues for the three months ended March 31, 2025, were $1,051.3 million, a decrease of 6.8% compared to $1,128.5 million for the same period in 2024[9]. - Net income for the three months ended March 31, 2025, was $209.3 million, slightly up from $204.3 million in the same period of 2024, representing a 0.5% increase[11]. - Operating income for the six months ended March 31, 2025, was $455.2 million, an increase of 4.0% from $437.8 million for the same period in 2024[9]. - Total operating expenses for the three months ended March 31, 2025, were $744.9 million, down 10.2% from $829.9 million in the same period of 2024[9]. - Basic earnings per common share for the three months ended March 31, 2025, were $3.52, compared to $3.59 for the same period in 2024, reflecting a decrease of 1.9%[9]. - The company reported a comprehensive income of $207.6 million for the three months ended March 31, 2025, compared to $210.8 million for the same period in 2024[11]. - Net income for the six months ended March 31, 2025, was $290.6 million, slightly up from $289.4 million for the same period in 2024, indicating stable performance[24]. - Adjusted earnings for the three months ended March 31, 2025, were $214.4 million, compared to $196.6 million for the same period in 2024, reflecting an increase of about 9.4%[115]. - Adjusted earnings for the six months ended March 31, 2025, were $295.5 million, up from $279.3 million in 2024, representing a growth of 5.9%[117]. Assets and Liabilities - Total assets as of March 31, 2025, were $11,346.7 million, an increase of 4.5% from $10,860.7 million as of March 31, 2024[14]. - Long-term debt (less current portion) as of March 31, 2025, was $3,348.5 million, a decrease of 9.6% from $3,704.4 million as of March 31, 2024[17]. - Total assets as of March 31, 2025, amounted to $6,127.4 million, up from $5,754.9 million as of March 31, 2024, indicating a growth of 6.5%[30]. - Total shareholder's equity increased to $2,205.0 million as of March 31, 2025, compared to $1,963.7 million as of March 31, 2024, reflecting a growth of 12.3%[33]. - Long-term debt (less current portion) was $1,803.8 million as of March 31, 2025, compared to $1,486.2 million as of March 31, 2024, indicating an increase of 21.3%[33]. - Total liabilities at fair value were reported at $39.2 million, with $23.4 million classified under Level 1 and $42.7 million under Level 2[102]. Cash Flow and Capital Expenditures - Cash and cash equivalents increased to $15.2 million as of March 31, 2025, compared to $4.5 million as of March 31, 2024[14]. - Capital expenditures for the six months ended March 31, 2025, were $479.2 million, an increase from $409.3 million in the prior year, indicating a focus on investment in growth[24]. - Net cash provided by operating activities for the six months ended March 31, 2025, was $453.8 million, down from $559.4 million in the same period of 2024, suggesting a decrease in operational efficiency[24]. - Cash and cash equivalents at the end of the period were $3.3 million, an increase from $1.5 million at the beginning of the period[45]. - Capital expenditures for the six months ended March 31, 2025, totaled $322.1 million, compared to $255.1 million in 2024, representing an increase of 26.3%[39]. Shareholder Equity and Dividends - Total shareholders' equity increased to $3,508.7 million as of March 31, 2025, compared to $3,390.3 million a year earlier, reflecting a growth of approximately 3.5%[21]. - The company declared dividends of $90.0 million on common stock and $7.4 million on preferred stock during the six months ended March 31, 2025[24]. - Common stock issued during the six months ended March 31, 2025, amounted to 1,206,134 shares, raising $74.8 million, compared to 4,490,282 shares issued in the same period of 2024, which raised $286.0 million[21]. Segment Performance - The Gas Utility segment remains the core business segment, contributing significantly to revenue and earnings, with operations in Missouri and Alabama[57]. - Revenues from external customers in the Gas Utility segment for the three months ended March 31, 2025, were $970.1 million, down from $1,072.4 million in the same period of 2024, a decrease of about 9.5%[115]. - The Gas Marketing segment generated revenues of $53.6 million for the three months ended March 31, 2025, compared to $46.0 million in the same period of 2024, an increase of about 16.5%[115]. - The Midstream segment reported revenues of $27.1 million for the three months ended March 31, 2025, up from $10.0 million in the same period of 2024, representing a significant increase of approximately 171%[115]. Regulatory and Market Environment - The company’s regulatory environment supports the continued use of regulatory accounting principles, ensuring recoverability of regulatory assets and liabilities[59]. - Spire Missouri's proposed general rate case includes a base rate increase request of $289.5 million, reflecting a 32% increase in rate base since the last filing[81]. - The Infrastructure System Replacement Surcharge (ISRS) allows Spire Missouri to recover $53.6 million from customers for eligible capital projects through August 2024[81]. - The common equity ratio assumed in Spire's rate case filing is 55.0%, with a proposed return on equity of 10.5%[81]. Challenges and Future Outlook - The company faces challenges including volatility in gas prices and potential disruptions from severe weather events, which could affect operational margins and competitive positioning[143]. - Future outlook indicates a cautious approach due to fluctuating commodity prices, particularly in natural gas, which has seen a significant drop[103]. - The company plans to explore potential mergers and acquisitions to strengthen its market position and diversify its offerings[103].

For the quarter ended March 2025, Spire (SR) reported revenue of $1.05 billion, down 6.8% over the same period last year. EPS came in at $3.60, compared to $3.45 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.09 billion, representing a surprise of -3.97%. The company delivered an EPS surprise of -2.70%, with the consensus EPS estimate being $3.70.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

Financial Data and Key Metrics Changes - The company reported adjusted earnings of $3.6 per share for Q2 FY 2025, an increase from $3.45 per share in the same quarter last year, reflecting strong growth in utility and midstream segments [7] - Adjusted earnings for the quarter totaled over $214 million, an increase of almost $18 million compared to the previous year [17] - The Gas Utilities segment had earnings of approximately $195 million, over $7 million higher than last year, driven by increased ISRS revenues and usage [18] Business Line Data and Key Metrics Changes - The utility CapEx increased nearly 27% year over year, focusing on upgrading distribution infrastructure and connecting more homes to natural gas [14] - Midstream segment earnings showed strong growth due to new contracts and higher rates on contract renewals [19] - Marketing segment earnings were strong but slightly lower than the prior year due to reduced market volatility [20] Market Data and Key Metrics Changes - The labor market in St. Louis has fully recovered, reaching pre-pandemic employment levels, which is expected to drive economic growth [12] - The Missouri Public Service Commission staff recommended a $19 million revenue increase in the infrastructure system replacement surcharge [8] Company Strategy and Development Direction - The company remains focused on organic growth, infrastructure investment, and continuous improvement, with a long-term EPS growth target of 5% to 7% [11][26] - A ten-year capital investment plan of $7.4 billion is in place to support growth [11] - The company is committed to modernizing systems and enhancing regulatory engagement to maximize value for stakeholders [6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving fiscal 2025 adjusted earnings guidance of $4.4 to $4.6 per share, despite challenges from weather-related margin headwinds [22][26] - The company is focused on executing its capital investment plan and driving operational excellence to strengthen utility and gas-related business performance [11][26] Other Important Information - The company is increasing its fiscal 2025 capital investment target by $50 million to $840 million, with significant investments in both utility and midstream segments [14] - The Missouri rate case is ongoing, with proposed revenue increases and discussions on weather mechanisms being a key focus [15][42] Q&A Session Summary Question: Can you speak about 1H trends and full-year guidance? - Management acknowledged margin weakness in Missouri and adjusted guidance accordingly, while midstream performance exceeded expectations [31][32] Question: What are the prospects for a settlement within the rate case? - Management indicated that settlement discussions are anticipated, with community meetings and public hearings scheduled [46] Question: Can you elaborate on the weather mechanism in the rate case? - Management confirmed that the weather mechanism is a significant focus and they are working on options to address it with stakeholders [42][44] Question: How does the passage of SB4 affect future rate cases? - Management stated that the first opportunity to file based on a future test year will be in July 2026, and they are focused on the current rate case [51][53] Question: How does the guidance modification reflect the utility business's earnings power? - Management confirmed that fixing the weather mechanism could restore earnings power, while midstream and marketing businesses show slight structural uplift [61][64]

Spire Inc (SR) Q2 2025 Earnings Call April 30, 2025 10:00 AM ET Company Participants Megan McPhail - Managing Director of Investor RelationsScott Doyle - President, CEO & DirectorAdam Woodard - EVP & CFORichard Sunderland - Equity Research - North American Utilities & PowerDavid Arcaro - Executive Director, Equity ResearchGabriel Moreen - Managing DirectorStephen D'Ambrisi - Managing Director Operator Good day, and welcome to the Spire Inc. Q2 FY twenty twenty five Earnings Conference Call. All participants ...

Company Performance - Spire reported quarterly earnings of $3.60 per share, missing the Zacks Consensus Estimate of $3.70 per share, but showing an increase from $3.45 per share a year ago, resulting in an earnings surprise of -2.70% [1] - The company posted revenues of $1.05 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 3.97%, and down from $1.13 billion year-over-year [2] - Over the last four quarters, Spire has surpassed consensus EPS estimates only once and has not beaten consensus revenue estimates during the same period [2] Stock Outlook - Spire shares have increased approximately 13.6% since the beginning of the year, contrasting with a -5.5% decline in the S&P 500 [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is -$0.13 on revenues of $412.11 million, and for the current fiscal year, it is $4.50 on revenues of $2.53 billion [7] Industry Context - The Utility - Gas Distribution industry, to which Spire belongs, is currently ranked in the top 12% of over 250 Zacks industries, indicating a favorable outlook for stocks in this sector [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors or through tools like the Zacks Rank [5][6]