Spire falls as FY2026 profit outlook cut on weaker Missouri weather-driven demand
SR•Spire shares slid after the company cut its fiscal 2026 adjusted EPS outlook to $3.90–$4.10, well below prior expectations, despite posting Q2 adjusted EPS of $3.76. Management pointed to lower weather-driven gas usage in Missouri and said the weakness wasn’t fully offset by weather-protection mechanisms.
1. What’s moving the stock
Spire (SR) is trading lower on Wednesday, May 6, 2026, after lowering its fiscal 2026 adjusted earnings guidance to $3.90–$4.10 per share. The guidance reset is overshadowing a quarterly bottom-line beat, with investors focusing on the reduced full-year earnings power and the drivers behind the weaker outlook. (prnewswire.com)
2. Key numbers from the update
For the fiscal second quarter ended March 31, 2026, Spire reported adjusted EPS of $3.76, while revenue came in at about $1.02 billion. Even with the EPS outperformance versus some estimates, the company’s revised FY2026 range implies a materially lower run-rate for the remainder of the fiscal year than many investors had been modeling. ()
