Spire reports $42.6 million loss, reaffirms fiscal 2026, 2027 guidance

Spire Inc. reported a significant third-quarter net income of $211.2 million, a sharp increase from $20.9 million in the same quarter last year. However, the company also faced a net loss from continuing operations of $42.6 million, or $0.72 per share, compared to a loss of $13.3 million, or $0.29 per share, a year earlier. The disparity highlights the challenges the company is navigating even as operating revenues soared to $420.2 million, up from $352.5 million in the previous year.

This mixed financial performance comes as Spire continues to expand its operations and adjust to market dynamics. The company is focusing on its growth strategy, particularly with the integration of Spire Tennessee, which is expected to contribute meaningfully to earnings in fiscal 2027. The reaffirmation of their earnings guidance reflects confidence that the company can recover from current losses and leverage operational improvements.

Spire's adjusted loss from continuing operations was $15.7 million, or $0.26 per share, which still shows a slight increase from the previous year’s loss. In light of these results, Spire maintains its fiscal 2026 adjusted earnings guidance of $3.90 to $4.10 per share. The company also projects fiscal 2027 adjusted earnings per share to fall between $5.40 and $5.60, indicating optimism about future performance despite current setbacks.

In pre-market trading, Spire's shares dipped slightly by 0.01 percent to $79.55. Investors will be closely watching how the company navigates the upcoming quarters and whether it can meet its long-term adjusted earnings growth target of 5-7%. The next steps will be critical as Spire works to stabilize its operations and capitalize on revenue growth while addressing its ongoing losses.