Reported Q: Q2 2024 Rev YoY: +0.5% EPS YoY: +7.8% Move: N/A
Spire Inc
SR
Exchange NYSE Sector Utilities Industry Regulated Gas
Q2 2024
Published: May 1, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for SR

Reported

Report Date

May 1, 2024

Quarter Q2 2024

Revenue

1.13B

YoY: +0.5%

EPS

3.58

YoY: +7.8%

Market Move

N/A

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $1.13B up 0.5% year-over-year
  • EPS of $3.58 increased by 7.8% from previous year
  • Gross margin of 39.9%
  • Net income of 204.30M
  • "We reaffirming our fiscal year '24 net economic earnings range of $4.25 to $4.45 per share." - Steven Rasche
SR
Company SR

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Executive Summary

Spire Inc reported solid Q2 2024 results with total revenue of $1.1285 billion, gross profit of $449.9 million and net income of $204.3 million ($3.59 per share). Net economic earnings (NEE) came in at $3.45 per share, down from $3.70 a year earlier, reflecting weather-driven margin headwinds primarily in Missouri and higher interest expense. Management highlighted continued capital investment momentum across the Gas Utility and Midstream segments, including ongoing meter modernization and the MoGas/Salt Plains additions, alongside the increasing importance of Spire Storage West expansion. Weather dynamics in Q2 were unusually favorable in aggregate (15% warmer than normal for the quarter; February–March almost 32% warmer than normal), yet usage patterns diverged from degree-day expectations, pressuring weather-adjusted margins in some residential classes.

Key Performance Indicators

Revenue
Increasing
1.13B
QoQ: 49.15% | YoY: 0.45%
Gross Profit
Increasing
449.90M
39.87% margin
QoQ: 73.77% | YoY: 11.14%
Operating Income
Increasing
298.60M
QoQ: 114.51% | YoY: 14.71%
Net Income
Increasing
204.30M
QoQ: 140.07% | YoY: 14.01%
EPS
Increasing
3.59
QoQ: 136.18% | YoY: 7.81%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 762.20 1.54 +84.1% View
Q2 2025 1,051.30 3.51 -6.8% View
Q1 2025 669.10 1.40 -11.6% View
Q4 2024 293.80 -0.51 -5.4% View
Q3 2024 414.10 -0.28 -1.1% View
Q2 2024 1,128.50 3.58 +0.5% View