CEO Steve Lindsey's Return
Steve Lindsey, Spire Inc.'s President and CEO, will return to work on February 10th after a leave of absence, indicating stability in leadership.
Growth in Utility and Midstream Segments
The company experienced growth in its utility and midstream segments, driven by investments in natural gas infrastructure and cost management.
Regulatory Progress in Missouri and Alabama
New infrastructure system replacement surcharge request in Missouri for additional revenues of $19 million and approved fiscal 2025 budgets for Spire Alabama and Spire Gulf.
Long-term Growth Targets Reaffirmed
Reaffirmation of long-term EPS growth target of 5% to 7% and fiscal 2025 earnings guidance of $4.40 to $4.60 per share.
Capital Investment Plans
First quarter CapEx totaled $260 million, with a focus on upgrading distribution infrastructure and connecting more homes and businesses.