Investor Presentaiton
Outlook
Capital expenditures forecast ~$7.2B
(Millions)
•
FY24 NEEPS¹ expected to be $4.25-
$4.45 (FY23 actual of $4.05)
Long-term NEEPS growth beyond
2024 targeted at 5-7%²
-
Driven by 7-8% rate base growth at the
gas utilities
• 10-year capex target of $7.2B
FY24 capex target of $765M, reflecting
-
-
Gas utility infrastructure upgrades, new
business and advanced meter
installations
Completion of storage expansion
$765
105
$655 $660
$680
$700
$720 $740
$755
$775 $795
660
630 650 670 690
710 730 745
765 785
FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33
Gas Utilities
Midstream
FY24 Gas utility investment
Customer
expansion
Other
12%
¹Net Economic Earnings Per Share.
2Using FY24 guidance range midpoint of $4.35 as a base.
10 Spire | Investor presentation
-
December 2023
16%
Safety and
reliability
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