Energizing the Future
Forward-looking statements and use of non-GAAP measures
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.
Our forward-looking statements in this presentation speak only as of today, and we assume no duty to update them. Forward-looking
statements are typically identified by words such as, but not limited to: “estimates,” “expects,” “anticipates,” “intends,” “targets,”
"plans," "forecasts," and similar expressions. Although our forward-looking statements are based on reasonable assumptions, various
uncertainties and risk factors may cause future performance or results to be different than those anticipated. More complete descriptions
and listings of these uncertainties and risk factors can be found in our annual (Form 10-K) and quarterly (Form 10-Q) filings with the
Securities and Exchange Commission.
This presentation also includes "net economic earnings," and "net economic earnings per share," which are non-GAAP measures used
internally by management when evaluating the Company's performance and results of operations. Net economic earnings exclude from
net income, as applicable, the after-tax impacts of fair-value accounting and timing adjustments associated with energy-related
transactions, the impacts of acquisition, divestiture, and restructuring activities and the largely non-cash impacts of impairments and
other non-recurring or unusual items such as certain regulatory, legislative, or GAAP standard-setting actions. The fair value and timing
adjustments, which primarily impact the Gas Marketing segment, include net unrealized gains and losses on energy-related derivatives
resulting from the current changes in fair value of financial and physical transactions prior to their completion and settlement, lower of
cost or market inventory adjustments, and realized gains and losses on economic hedges prior to the sale of the physical commodity.
Management believes that excluding these items provides a useful representation of the economic impact of actual settled transactions
and overall results of ongoing operations. These internal non-GAAP operating metrics should not be considered as an alternative to, or
more meaningful than, GAAP measures such as operating income, net income or earnings per share. Reconciliation of net economic
earnings to net income is contained in our SEC filings and in the Appendix to this presentation.
Note: Years shown in this presentation are fiscal years ended September 30.
Investor Relations contact:
Scott W. Dudley Jr.
Managing Director, Investor Relations
314-342-0878 | [email protected]
19 Spire | Investor presentation - August 2022View entire presentation