Compared to Estimates, Spire (SR) Q1 Earnings: A Look at Key Metrics

Core Insights - Spire reported a revenue of $669.1 million for the quarter ended December 2024, which is an 11.6% decrease compared to the same period last year, and EPS decreased to$ 1.34 from $1.47 year-over-year [1] - The revenue fell short of the Zacks Consensus Estimate of$ 725.71 million, resulting in a surprise of -7.80%, while the EPS also missed the consensus estimate of $1.42 by -5.63% [1] Financial Performance Metrics - Operating Revenues from Gas Utility were$ 613.50 million, which is a decline of 14.2% year-over-year and below the average estimate of $650.89 million [4] - Operating Revenues from Gas Marketing reached$ 33 million, exceeding the average estimate of $26.14 million, but still represented a 9.1% decrease year-over-year [4] - Operating Revenues from Midstream were$ 33.50 million, significantly higher than the estimated $24.27 million, marking a 124.8% increase compared to the previous year [4] - Operating Revenues from Other segments were$ 4.70 million, surpassing the estimate of $3.77 million, reflecting a 14.6% year-over-year increase [4] - Operating Income from Gas Marketing was$ 2.70 million, which fell short of the average estimate of $12.05 million [4] - Operating Income from Midstream was$ 17.30 million, exceeding the estimated $12.46 million [4] - Operating Income from Gas Utility was$ 127.80 million, slightly below the average estimate of $128.32 million [4] - Operating Income from Other segments was$ 1 million, compared to an average estimate of -$4.76 million [4] Stock Performance - Spire's shares have returned +6.8% over the past month, outperforming the Zacks S&P 500 composite, which saw a +1.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]