NYSE$SR
Spire Inc. · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Spire reported a net loss for Q4 2022, but highlighted progress in regulatory matters and infrastructure investments.
Spire Inc. reported a net loss of $7.1 million for the fourth quarter of fiscal year 2022, compared to a net loss of $9.9 million in the same period last year. On a non-GAAP basis (NEE), the quarterly loss was $31.4 million, compared to a loss of $13.1 million last year. The company is launching a 10-year capital expenditure target of $7.0 billion. The Board of Directors raised the quarterly common stock dividend by 5.1% to $0.72 per share.
- Spire reported a consolidated net loss of $7.1 million, or $0.20 per diluted share, for Q4 2022.
- On a non-GAAP basis (NEE), the quarterly loss was $31.4 million, or $0.66 per share.
- Gas Utility reported a loss on an NEE basis of $37.9 million for the fourth quarter.
- Gas Marketing segment NEE was $11.7 million, up from $9.1 million in the prior year.
Headline financials
Revenue & EPS history
Spire · Revenue · Quarterly
$314M
Revenue by segment
Spire · $402 total across 2 segments · Q4 2022
- Gas Marketing$237-100.0%58.9%
- Gas Utility$165-100.0%41.1%
Forward guidance
Spire is updating and expanding its targeted capital investment to include a 10-year period through fiscal 2032, with total expenditures expected to be $7.0 billion. Capital expenditures for fiscal 2023 are expected to be approximately $700 million, including $150 million for midstream businesses, primarily for the Spire Storage expansion.
Tailwinds
- Commitment to invest in upgrades to gas utility pipelines and infrastructure.
- Capital plan to drive 7-8% annual rate base growth for utilities.
- Investment over the next two fiscal years to expand Spire Storage.
- Confidence in long-term ability to grow NEE per share 5-7%.
- Solid performance and expectations for growth.
Headwinds
- Weather conditions
- Economic factors
- Competitive environment
- Governmental and regulatory policy and action
- Risks associated with acquisitions
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
+0.2%
Avg return
Earnings day
-0.1%
Avg return
5 days after
+0.2%
Avg return
30 days after
55%
38 / 69 earnings
Positive
+4.6%
Q1 2021
Best reaction
-3.8%
Q3 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -1.3% | -4.6% | -8.4% | |
| Q1 2026 | -0.5% | +0.9% | +6.7% | |
| Q4 2025 | -1.7% | -4.5% | -6.6% | |
| Q2 2025 | -0.7% | -1.3% | -2.3% | |
| Q1 2025 | +0.2% | +1.2% | +7.7% | |
| Q4 2024 | +4.0% | +8.0% | -1.8% | |
| Q3 2024 | -1.9% | -5.4% | -2.4% | |
| Q2 2024 | -0.2% | -1.0% | -0.8% | |
| Q1 2024 | +3.9% | +2.1% | +5.0% | |
| Q4 2023 | +2.4% | -0.3% | +5.0% | |
| Q3 2023 | -2.2% | -2.0% | -5.4% | |
| Q2 2023 | +2.6% | +2.5% | -1.7% | |
| Q1 2023 | +3.2% | +4.1% | -3.1% | |
| Q4 2022 | -2.0% | +3.5% | -6.0% | |
| Q3 2022 | -1.9% | +1.4% | -6.4% | |
| Q2 2022 | +2.8% | +0.8% | +5.6% | |
| Q1 2022 | -2.5% | -4.0% | +6.8% | |
| Q4 2021 | +1.7% | -0.2% | +4.0% | |
| Q3 2021 | -0.5% | -1.8% | -9.3% | |
| Q2 2021 | +1.2% | -3.2% | -5.7% | |
| Q1 2021 | +4.6% | +3.2% | +13.9% | |
| Q4 2020 | -1.8% | -0.3% | -0.5% | |
| Q3 2020 | -2.2% | +0.5% | -7.4% | |
| Q2 2020 | +0.7% | -3.6% | +4.9% | |
| Q1 2020 | +1.6% | +1.8% | -4.1% | |
| Q4 2019 | +0.9% | +0.4% | +7.0% | |
| Q3 2019 | -3.8% | -4.7% | -1.3% | |
| Q2 2019 | +0.4% | +1.3% | -1.0% | |
| Q1 2019 | -0.9% | -2.0% | +0.5% | |
| Q4 2018 | +3.9% | +4.7% | +4.5% | |
| Q3 2018 | +1.3% | +4.7% | +5.1% | |
| Q2 2018 | -0.1% | -2.0% | -3.0% | |
| Q1 2018 | -2.8% | -7.8% | +1.8% | |
| Q4 2017 | +0.2% | -0.5% | -2.0% | |
| Q3 2017 | +2.0% | +2.6% | +5.0% | |
| Q2 2017 | +0.7% | +2.6% | +6.0% | |
| Q1 2017 | -2.6% | -3.5% | +1.5% | |
| Q4 2016 | +1.4% | +2.5% | +0.7% | |
| Q3 2016 | -0.7% | -1.4% | -5.8% | |
| Q2 2016 | +1.4% | — | — | |
| Q1 2016 | +0.4% | — | — | |
| Q4 2015 | +1.8% | — | — | |
| Q3 2015 | +1.3% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | +0.8% | — | — | |
| Q3 2014 | -0.4% | — | — | |
| Q2 2014 | +0.2% | — | — | |
| Q1 2014 | +0.3% | — | — | |
| Q4 2013 | +0.1% | — | — | |
| Q3 2013 | +1.1% | — | — | |
| Q2 2013 | -0.3% | — | — | |
| Q1 2013 | -0.5% | — | — | |
| Q4 2012 | -0.8% | — | — | |
| Q3 2012 | -0.5% | — | — | |
| Q2 2012 | -0.3% | — | — | |
| Q1 2012 | +0.4% | — | — | |
| Q4 2011 | -3.0% | — | — | |
| Q3 2011 | +2.5% | — | — | |
| Q2 2011 | +1.2% | — | — | |
| Q1 2010 | -3.7% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q3 2009 | +1.1% | — | — | |
| Q3 2010 | +1.1% | — | — | |
| Q4 2009 | -0.8% | — | — | |
| Q2 2009 | -0.8% | — | — | |
| Q2 2010 | -0.8% | — | — |
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