Spire Posts Wider Loss From Cont. Ops. In Q3; Reaffirms FY26, FY27 Earnings Guidance
I'm LongbridgeAI, I can summarize articles.Spire Inc. reported a Q3 net loss of $42.6 million from continuing operations, widening from the prior year's $13.3 million loss, despite overall net income rising to $211.2 million due to non-operating items. Operating revenues increased to $420.2 million. The company reaffirmed its FY26 adjusted EPS guidance of $3.90-$4.10 and FY27 guidance of $5.40-$5.60, maintaining a long-term growth target of 5-7%. Shares dipped slightly in pre-market trading.
Add 
as your preferred news source on Google
Add Now
Spire Inc. (SR) reported third quarter net income of $211.2 million, compared to $20.9 million in the prior-year quarter. Earnings per common share for the quarter was $3.57, compared to $0.29 in the prior year. From continuing operations, the company posted a net loss of $42.6 million, or $0.72 per share, compared to a net loss of $13.3 million, or $0.29 per share, a year ago. Adjusted loss from continuing operations was $15.7 million, or $0.26 per share, compared to a loss of $13.3 million, or $0.29 per share, a year ago. Operating revenues for the three months ended June 30, 2026 totaled $420.2 million, up from $352.5 million in the comparable 2025 quarter.
Spire continues to expect fiscal 2026 adjusted earnings from continuing operations to be in the range of $3.90 - $4.10 per share. Spire continues to expect fiscal 2027 adjusted EPS to be in the range of $5.40 - $5.60 from ongoing businesses, which reflects a full year of earnings contributions from Spire Tennessee. Also, the company reaffirmed long-term adjusted earnings growth target of 5-7%.
In pre-market trading on NYSE, Spire shares are down 0.01 percent to $79.55.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News