Spire posts investor presentation outlining $11.2 billion 10-year capex plan for regulated gas utilities

Spire Inc.

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Spire outlined a strategic shift to a fully regulated model by FY27, centered on its gas utilities and the FERC-regulated MoGas Pipeline.
Long-term adjusted EPS growth target maintained at 5%-7%, using the FY27 guidance midpoint of $5.75 as the base.
10-year capital plan set at $11.2 billion, with gas utilities representing more than 99% of planned spending.
Adjusted EPS guidance set at $3.90-$4.10 for FY26, reflecting weaker Missouri weather-driven usage and higher corporate interest expense.
FY27 adjusted EPS guidance reaffirmed at $5.40-$5.60, excluding Storage, Marketing, Mississippi; including Tennessee.

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