Second quarter fiscal 2025 update April 30, 2025 Note: Years shown in this presentation are fiscal years ended September 30. Investor Relations contact: Megan L. McPhail Managing Director, Investor Relations 314-309-6563 | Megan.McPhail@SpireEnergy.com 2 S p i r e | S e c o n d q u a r t e r f i s c a l 2 0 2 5 u p d a t e Participants on today's call Forward-looking statements and use of non-GAAP measures This presentation contains forward-looking statements within the meaning of the Private Securities Lit ...

Core Viewpoint - Spire Inc. has appointed Scott Doyle as the new president and chief executive officer, succeeding Steve Lindsey, who has resigned from the Board of Directors [1][5]. Company Leadership - Scott Doyle, previously the executive vice president and chief operating officer at Spire, has extensive experience in utility operations and leadership roles within the energy sector [3][5]. - The Board of Directors expressed confidence in Scott's ability to lead Spire into its next phase, emphasizing his commitment to operational excellence and customer service [5]. Company Background - Spire Inc. serves over 1.7 million customers across Alabama, Missouri, and Mississippi, making it one of the largest publicly traded natural gas companies in the United States [8]. - The company is focused on modernizing its systems and investing in infrastructure to enhance service delivery [7][8].

Core Viewpoint - Spire (SR) is anticipated to report a year-over-year increase in earnings despite a decline in revenues, which could significantly influence its stock price depending on the actual results compared to estimates [1][2]. Earnings Expectations - The upcoming earnings report is scheduled for April 30, 2025, with expectations of quarterly earnings at $3.70 per share, reflecting a 7.3% increase year-over-year, while revenues are projected to be $1.09 billion, down 3% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 1.47% higher in the last 30 days, indicating a positive reassessment by analysts regarding the company's earnings prospects [4][10]. Earnings Surprise Prediction - The Zacks Earnings ESP model shows a positive Earnings ESP of +0.90%, suggesting a higher likelihood of beating the consensus EPS estimate, although the stock currently holds a Zacks Rank of 3 [11][10]. Historical Performance - In the last reported quarter, Spire was expected to post earnings of $1.42 per share but delivered only $1.34, resulting in a surprise of -5.63%. Over the past four quarters, the company has only beaten consensus EPS estimates once [12][13]. Conclusion - While Spire is positioned as a potential earnings-beat candidate, it is essential to consider other influencing factors beyond just the earnings report when evaluating the stock [14][16].

Core Viewpoint - Spire Inc. will host a conference call on April 30, 2025, to discuss its fiscal 2025 second quarter financial results and earnings guidance [1] Group 1: Conference Call Details - The conference call is scheduled for April 30, 2025, at 9 a.m. CT (10 a.m. ET) [1] - Participants can access the call by dialing the provided phone numbers 5-10 minutes prior to the start time [1] - A news release will be issued before the market opens on the same day [1] Group 2: Replay Information - A replay of the call will be available until May 7, 2025, with specific access numbers for the U.S., Canada, and international callers [2] - The replay access code for the call is 5397934 [2] - A replay of the webcast will also be available on the company's website [2] Group 3: Company Overview - Spire Inc. serves 1.7 million homes and businesses, making it one of the largest publicly traded natural gas companies in the U.S. [3] - The company operates gas utilities in Alabama, Mississippi, and Missouri [3] - Spire's business strategy focuses on organic growth, infrastructure investment, and innovation [3]

Core Insights - Spire Global (NYSE: SPIR) is identified as a growing satellite and data company, previously rated as a Buy in two analyses, with the most recent coverage in January indicating a significant price drop since then [1] Company Analysis - The analysis approach focuses on value investing, adopting an owner's mindset and a long-term perspective, with no recommendations for short selling [1] - The analyst holds a beneficial long position in SPIR shares through various financial instruments, indicating confidence in the company's future performance [2] Market Context - The article emphasizes that past performance does not guarantee future results, highlighting the inherent uncertainties in investment decisions [3]

Group 1 - The company focuses on timely dividend-paying stocks to assist investors in wealth accumulation [1] - The author has extensive experience as a Registered Investment Advisor and has published multiple investment-related books [1] - The company aims to provide a steady pace of financial growth for its clients through various investment strategies [1] Group 2 - The author has a background in corporate management, having worked for Georgia-Pacific Corp for 15 years before starting their own ventures [1] - The company has a history of involvement in small business advisory roles, including an appointment by President Ronald Reagan [1] - The investment newsletter created in the late 1990s emphasized selections of dividend-paying stocks [1]

Core Viewpoint - Spire Inc. is positioned to benefit from its investments aimed at expanding operations and meeting increasing customer demand, while also leveraging technology to enhance efficiency and service quality [1][4]. Investment and Growth Plans - Spire plans to invest $790 million in fiscal 2025, which is $100 million more than its previous estimate, focusing on reliability, new service connections, and advanced meter installations in Spire Missouri [2]. - The company has a long-term capital investment plan of $7.4 billion over the next decade, expecting to drive 7-8% rate base growth [2]. Customer Base and Technological Advancements - There has been a consistent increase in the average number of gas utility customers, with Spire installing over 350,000 advanced meters in fiscal 2024, benefiting a total of 850,000 customers [3]. - The company is innovating through technology, which not only enhances service quality but also reduces operational costs, benefiting customers [4]. Challenges and Risks - Spire's supply of natural gas is reliant on the performance of suppliers and the capacity of pipeline and storage operators, posing a risk to financial performance in case of disruptions [5]. - The company faces regulatory challenges due to numerous environmental laws, which can increase operating costs and impact profitability if compliance is not met [6]. Stock Performance - Over the past six months, Spire's stock has increased by 14.6%, contrasting with a 3.5% decline in the industry [7]. Industry Comparisons - Other better-ranked stocks in the industry include UGI Corporation, Southwest Gas, and New Jersey Resources, all currently rated Zacks Rank 2 (Buy) [8]. - UGI has a long-term earnings growth rate of 4.8% with an average earnings surprise of 74.82% over the last four quarters [8]. - Southwest Gas has a long-term earnings growth rate of 6.6%, with a Zacks Consensus Estimate for 2025 EPS indicating a 17.1% improvement [9]. - New Jersey Resources has a fiscal 2025 EPS estimate showing a 7.5% improvement, with revenues projected at $1.84 billion, reflecting a 2.5% rise [9].

Core Viewpoint - Spire Global is facing significant financial challenges due to high debt levels and cash burn, but a potential sale of its maritime subsidiary could resolve these issues and position the company for growth [1][2][3]. Financial Situation - Spire Global has $131 million in debt and only $64 million in cash, having burned through $54 million in cash in 2023 [2]. - The company plans to sell its maritime ship-tracking subsidiary to Kpler for $241 million, which would eliminate its debt and provide sufficient cash to operate for at least three years [3][4]. Sale and Legal Issues - Kpler initially agreed to the acquisition but later attempted to back out, leading Spire to file a lawsuit to enforce the sale [5][6]. - Spire's management has indicated uncertainty regarding the lawsuit's outcome, which could force the company to repay its loans immediately if the deal fails [6]. Recent Earnings and Performance - In Q3 2024, Spire reported a 29% year-over-year increase in sales to $28.6 million and a significant reduction in GAAP losses to $12.5 million [9]. - The company generated positive free cash flow of $5.1 million and has a strong book-to-bill ratio of 1.4, indicating potential for future sales growth [9]. Current Status and Market Reaction - Despite positive earnings news and the potential for the Kpler deal to close soon, Spire's stock has not reacted favorably, with a 16% decline in stock price following the earnings report [10][11]. - The market has not yet fully recognized the implications of the Kpler deal, suggesting that Spire's stock could potentially double once investors understand the situation [12].

A month has gone by since the last earnings report for Spire (SR) . Shares have added about 5.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Spire due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Spire's Q1 Earnings Lower Than Expected, Revenues Decline Y/YSpir ...

Spire's biggest news of last year could become its worst news of this year.Spire Global (SPIR -52.59%) stock crashed 49.7% through 11:11 a.m. ET Wednesday, and a lot of investors are wondering why right now. What the heck is going on? There's neither a single press release about this nor anything on the company's website to explain the disaster.Lucky for you, I've found the answer.In a Securities and Exchange Commission 8-k filing last night, Spire Global warned investors about a major risk to their investm ...