Spire (SR) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, February 3, 2026 astatine 11:01 AM CST 21 min read

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Feb. 3, 2026, 11 a.m. ET

• President and Chief Executive Officer — Scott Edward Doyle

• Executive Vice President and Chief Financial Officer — Adam W. Woodard

• Vice President, Investor Relations — Megan L. McPhail

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Scott Edward Doyle: Good greeting and convey you for joining us. As we statesman our fiscal archetypal 4th update, I privation to admit and admit the hard enactment of our employees crossed each portion of our enactment during wintertime tempest Fern. The caller upwind lawsuit was an accidental for america to service our customers erstwhile they needed america most, and I americium precise arrogant of however we responded. With utmost upwind impacting each our work territories, our squad collaborated closely, making definite homes and businesses stayed harmless and warm. According to the American Gas Association, wintertime tempest Fern led to immoderate of the highest request for earthy state successful our nation's history.

In fact, astatine the tallness of the storm, conscionable our Spire utilities delivered earthy state equivalent to 31 gigawatts of electrical procreation capableness astatine a overmuch little outgo to customers. Despite utmost conditions, earthy state erstwhile again distinguished itself, underscoring that nonstop usage of earthy state remains the astir reliable and affordable mode to vigor your home. This morning, we announced adjusted net of $1.77 per share, up from $1.34 per stock a twelvemonth ago. The beardown year-over-year betterment reflects coagulated execution successful our state inferior business, supported by caller rates crossed each of the utilities. Our selling and midstream segments besides delivered meaningful contributions.

Just arsenic we person discussed connected anterior calls, outgo absorption and lawsuit affordability stay cardinal to our strategy. We proceed to prosecute efficiencies portion investing successful strategy improvements and safety, ensuring we support the reliability our customers expect. On the regulatory front, we are executing connected our extremity to execute constructive outcomes successful each jurisdictions. New Missouri rates became effectual successful October, and successful November, we filed a petition for a $30.3 cardinal gross summation nether the infrastructure strategy replacement surcharge, with rates expected to beryllium effectual nary aboriginal than May. Spire Alabama and Spire Gulf rates nether the complaint stabilization equalization mechanics were updated successful December, supporting our continued strategy investment.

Looking ahead, we are reaffirming our 2026 adjusted EPS guidance of $5.25 to $5.45 per share, our 2027 adjusted EPS guidance of $5.65 to $5.85 per share, and our semipermanent 5% to 7% adjusted EPS maturation target. These targets underscore our assurance successful the spot of our portfolio and our disciplined attack to superior deployment. Our ten-year superior program remains astatine $11.2 billion, with the bulk targeted toward inferior investments. Finally, we stay connected way to adjacent the acquisition of the Piedmont, Tennessee concern successful calendar 4th 1 2026, a transaction that strengthens our regulated maturation profile.