Energizing the Future
Net economic earnings
Per diluted
Millions
common share
Three months ended June 30,
2022
2021
2022
2021
Net (Loss) Income [GAAP]
$
(1.4) $
5.3 $
(0.10) $
0.03
All other adjustments
5.5
1.6
0.11
0.03
Net Economic Earnings (NEE)2
$
4.1 $
6.9
$
0.01 $
0.06
By segment
Gas Utility
$
4.2 $
12.3
Gas Marketing
0.4
(5.2)
Other
(0.5)
(0.2)
Net Economic Earnings (NEE)²
$
4.1 $
6.9
Average diluted shares outstanding
52.3
51.7
Gas Utility earnings declined $8.1M
-
Seasonality of MO regulatory recovery with ~ $6M impact in Q3
Higher depreciation and property tax expenses
Gas Marketing earnings increased $5.6M
-
Increased storage optimization driven by near-term forward price volatility
Prior year results included costs from Uri
1 All other includes recurring NEE adjustments for fair value and timing adjustment, and income tax effects of all NEE adjustments.
2See Net economic earnings reconciliation to GAAP in the Appendix.
16 Spire | Investor presentation - August 2022View entire presentation