Spire posts investor presentation outlining $11.2B 10-year regulated gas utility capex plan
Spire Inc.
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- Spire outlined a shift to a fully regulated utility profile by FY27, targeting 5%-7% long-term adjusted EPS growth.
- Set FY26 adjusted EPS guidance at $3.9-$4.1; cited lower Missouri weather-driven usage as the main drag on margin.
- Reaffirmed FY27 adjusted EPS guidance of $5.4-$5.6, reflecting Tennessee inclusion, Mississippi exit, marketing and storage removals.
- Highlighted an $11.2 billion 10-year capital plan, with $4.76 billion planned for FY26-FY30, largely directed to gas utilities.
- Detailed Tennessee expansion: $2.48 billion purchase price, funded with $900 million junior subordinated notes, $825 million senior notes, asset-sale proceeds.
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