Spire Q2 net income rises 15% to $217.6m; ups FY26 EPS guide to $3.90–$4.10
Spire reported Q2 net income of $217.6 million ($3.51/share) and adjusted EPS of $3.76, up from $189.3 million ($3.17). The company completed the Piedmont Tennessee acquisition, began exiting Marketing, Storage and Mississippi units, and raised its FY26 adjusted EPS guidance to $3.90–$4.10.
1. Strong Q2 Earnings Performance
Spire posted net income of $217.6 million ($3.51 per share) for Q2 fiscal 2026, up from $189.3 million ($3.17). Adjusted earnings from continuing operations reached $223.7 million ($3.76), driven by higher rates in Missouri and Alabama, favorable off-system sales, and disciplined cost management.
2. Strategic Acquisitions and Divestitures
On March 31, Spire completed its acquisition of the Piedmont Natural Gas Tennessee business and classified Spire Marketing and Spire Storage as discontinued operations following announced sale agreements, streamlining the company's focus on regulated gas utilities as a single reportable segment.
3. Updated Guidance and Long-Term Outlook
Spire raised its fiscal 2026 adjusted EPS guidance to a range of $3.90–$4.10 and reaffirmed fiscal 2027 guidance of $5.40–$5.60, while maintaining a long-term annual adjusted earnings growth target of 5–7%, underpinned by infrastructure investment and rate-base expansions.