Spire Q1 EPS Jumps 32.1% to $1.77 with 7.1% Revenue Beat
Spire reported Q1 fiscal 2026 adjusted EPS of $1.77, beating estimates by 9.3% and rising 32.1% year‐over‐year, on revenues of $762.2 million, 7.1% above consensus and 13.9% higher than a year ago. The company set fiscal 2026 EPS guidance at $5.25-$5.45 and plans $11.2 billion capital spending through 2035.
1. Q1 Earnings Beat
Spire delivered adjusted Q1 EPS of $1.77, surpassing estimates by 9.3% and up 32.1% year-over-year, while generating revenues of $762.2 million, beating forecasts by 7.1% and rising 13.9% from last year. Operating income reached $173.5 million, compared with $148.8 million a year earlier.
2. Segment Performance
The gas utility segment drove results with adjusted earnings of $103.9 million, up 33.7% on higher contributions from Spire Missouri and Spire Alabama. Gas marketing earnings climbed 104.5% to $4.5 million, midstream rose 5.8% to $12.7 million, and other operations reported a $12.7 million loss.
3. Financial Position
Cash and cash equivalents stood at $4.1 million at quarter-end, down from $5.7 million, while long-term debt rose to $4.45 billion from $3.37 billion. Net cash from operating activities held steady at $81 million, consistent with the prior year.
4. Guidance and Outlook
Spire set fiscal 2026 adjusted EPS guidance of $5.25-$5.45 per share and fiscal 2027 guidance of $5.65-$5.85, both above consensus midpoints. The company plans $11.2 billion in capital investments through 2035 to support adjusted EPS growth of 5-7%.