“Spire’s (SR) long-term adjusted earnings per share growth target remains 5%-7% using the original fiscal 2024 guidance midpoint of $4.35 per share as a base. Earnings per share growth is driven by an expected long-term 7%-8% annualized rate base growth at Spire Missouri, reflecting our robust capital investment plan, and 6% equity growth at Spire Alabama and Spire Gulf. Spire expects fiscal 2025 adjusted EPS to be in a range of $4.40 to $4.60. Our 10-year capital investment target of $7.4 billion extends through fiscal 2034 and is driven by increasing investment in infrastructure upgrades and new business at the Gas Utilities (98% of capital investment). Capital expenditures for fiscal 2025 are expected to be $790 million.”
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Read More on SR:
- Spire reports Q4 adjusted EPS (54c) vs. (78c) last year
- Spire price target raised to $65 from $62 at Mizuho
- Spire Announces Key Leadership Changes for 2025
- Spire announces CFO Rasche to step down, Woodward to succeed
- SR Earnings this Week: How Will it Perform?
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
