Spire Q2 Earnings Miss Expectations, Revenues Decrease Y/Y

Spire Inc. SR reported second-quarter fiscal 2026 adjusted earnings of $3.76 per share, which missed the Zacks Consensus Estimate of $3.78 by 0.4%. However, the company’s bottom line rose 4.4% from $3.60 reported in the year-ago quarter.SR’s RevenuesTotal revenues for the reported quarter were $1.02 billion, which lagged the Zacks Consensus Estimate of $1.08 billion by 5.2%. The top line also decreased 2.9% from $1.05 billion in the year-ago quarter.Spire Inc. Price, Consensus and EPS Surprise Spire Inc. price-consensus-eps-surprise-chart | Spire Inc. QuoteHighlights of SR’s Earnings ReleaseOperating expenses totaled $716.5 million, up 2.6% from $698.5 million recorded in the prior-year period.Operating income came in at $303.5 million compared with $277.9 million in the prior-year quarter.Net interest expenses increased 38.2% year over year to $62.6 million.SR’s Segmental PerformanceGas Utility: The segment reported adjusted earnings of $234.8 million, indicating an improvement of 20.3% from the prior-year quarter’s figure. This improvement reflected higher Spire Missouri and Spire Alabama earnings.Other: This segment reported an adjusted loss of $11.1 million compared with a loss of $5.9 million in the prior-year quarter.SR’s Financial HighlightsCash and cash equivalents as of March 31, 2026 were $49.5 million compared with $5.7 million as of Sept. 30, 2025.Long-term debt (less current portion) as of March 31, 2026 totaled $5.76 billion compared with $3.37 billion as of Sept. 30, 2025.During the first six months of fiscal 2026, the company generated net cash from operating activities of $491.4 million compared with $453.8 million in the same period last year.SR’s GuidanceSpire updated its fiscal 2026 adjusted earnings to be in the range of $3.90-$4.10 per share. The Zacks Consensus Estimate is pegged at $5.08, which is higher than the company’s guided range.Spire expects its fiscal 2027 adjusted earnings to be in the range of $5.40-$5.60 per share. The Zacks Consensus Estimate stands at $5.54, which is higher than the midpoint of the company’s guided range.SR expects its 10-year capital investment to be $11.2 billion through fiscal 2035. This planned investment is likely to drive long-term adjusted earnings per share growth of 5-7%.SR’s Zacks RankSpire currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent ReleasesAtmos Energy Corporation ATO posted second-quarter fiscal 2026 earnings of $3.47 per share, which beat the Zacks Consensus Estimate of $3.37 by 3.1%. The bottom line improved 14.5% from the year-ago quarter’s $3.03.The company reported revenues of $1.96 billion, which missed the Zacks Consensus Estimate of $2.24 billion by 12.3%. However, the top line rose by 0.6% from the prior-year quarter’s $1.95 billion.Southwest Gas Holdings Inc. SWX recorded first-quarter 2026 operating earnings of $1.91 per share, which beat the Zacks Consensus Estimate of $1.88 by 1.60%. The bottom line increased 15.76% from the year-ago quarter.Operating revenues totaled $585.1 million, which lagged the Zacks Consensus Estimate of $737 million by 20.62%. The top line also decreased 21.61% from $746.4 million in the prior-year quarter.ONE Gas, Inc. OGS reported first-quarter 2026 adjusted earnings per share of $2.11, which missed the Zacks Consensus Estimate of $2.13 by 0.95%. The bottom line improved 6.03% from the year-ago quarter’s earnings.ONE Gas recorded revenues of $831.7 million, which lagged the Zacks Consensus Estimate of $958 million by 13.15%. The top line also decreased 11.07% from $935.2 million in the prior-year quarter.Beyond Nvidia: AI's Second Wave Is HereThe AI revolution has already minted millionaires. But the stocks everyone knows about aren't likely to keep delivering the biggest profits. AI’s second wave is moving from infrastructure to implementation and these companies are at the forefront of this transition, positioned to become what Amazon and Google were to the internet era.See Stocks Now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks