2023-08-02 07:18:56 ET
- Spire press release ( NYSE: SR ): Q3 Non-GAAP EPS of -$0.42 misses by $0.42 .
- Revenue of $418.5M (-6.6% Y/Y) misses by $10.32M .
- Outlook: Fiscal 2023 net economic earnings guidance range lowered to $4.15–$4.25 per share vs. consensus of $4.25.
- Lowering the NEE range for the Gas Utility segment by $5 million to $205M - $215M.
- Our targeted capital investment for the 10-year period through fiscal 2032 remains $7 billion, which is anticipated to drive 7–8% utility rate base growth. Expected capital expenditures for fiscal 2023 remain $700 million.
For further details see:
Spire misses FQ3 top and bottom line estimates; narrows FY23 EPS outlook