Investor Presentation December 2021
35
Q4 FY21 net economic earnings
Millions
Per diluted
common share
Three months ended September 30,
2021
2020
2021
2020
Net Loss [GAAP]
$
(9.9) $ (19.7) $
All adjustments¹
(3.2)
4.4
(0.26) $ (0.45)
(0.06)
0.08
Net Economic Loss (NEE)
$
(13.1) $
(15.3) $
(0.32) $ (0.37)
Gas Utility
$
(17.8) $
(8.4)
Gas Marketing
9.1
(2.2)
Other
(4.4)
(4.7)
Net Economic Loss (NEE)
$
(13.1) $
(15.3)
• Gas Utility seasonal loss increased $9.4M as a result of higher depreciation and interest
costs
Gas Marketing earnings increased $11.3M, reflecting
-
The resolution of a number of commercial disputes this quarter
-
This enabled us to reduce our reserves associated with those exposures
.
Other improved marginally over prior year due to improved results at Spire Storage
¹Includes recurring fair value and timing adjustments, impacts of divestitures, non-recurring regulatory adjustments, and income tax effects of all NEE adjustments.
Spire | Investor presentation - December 2021View entire presentation