Energizing the Future
QTD net economic earnings reconciliation to GAAP
(Millions, except per share amounts)
Gas
Utility
Gas
Marketing
Other
Total
Per diluted
common share²
Three months ended June 30, 2022
Net Income (Loss) [GAAP]
$
4.2 $
(5.1) $
(0.5) $
(1.4) $
(0.10)
Adjustments, pre-tax:
Fair value and timing adjustments
7.3
7.3
0.14
Income tax effect of adjustments¹
(1.8)
(1.8)
(0.03)
Net Economic Earnings (Loss) [Non-GAAP]
$
4.2
$
0.4 $
(0.5)
$
4.1
$
0.01
Three months ended June 30, 2021
Net Income (Loss) [GAAP]
$
12.1
$
(6.6) $
(0.2) $
5.3
$
0.03
Adjustments, pre-tax:
Fair value and timing adjustments
0.2
1.9
2.1
0.04
Income tax effect of adjustments¹
(0.5)
(0.5)
(0.01)
Net Economic Earnings (Loss) [Non-GAAP]
$
12.3
$
(5.2)
$
(0.2)
$
6.9
$
0.06
Income taxes are calculated by applying federal, state and local income tax rates applicable to ordinary income to amounts of the pre-tax reconciling items.
2Net economic earnings per share is calculated by replacing consolidated net income with consolidated net economic earnings in the GAAP diluted EPS calculation.
34 Spire Investor presentation - August 2022View entire presentation