Investor Presentation - September 2021
Year-to-date results
Nine months ended June 30,
Gas Utility
Gas Marketing
Other
Net Economic Earnings (NEE)
Adjustments, pre-tax:
MO regulatory adjustment
Impairments
Fair value and timing adjustments
Income tax effect of adjustments²
Net Income [GAAP]
Millions
2021
2020
$ 248.4 $ 221.8
37.9
(6.9)
Per diluted
common share¹
2021
2020
11.3
(10.0)
$ 279.4 $ 223.1
$
5.18 $ 4.14
9.0
0.18
-
(148.6)
-
(2.90)
(6.2)
(0.6)
3.2
(0.12)
0.06
30.6
(0.01)
0.60
$ 281.6 $ 108.3
$
5.23 $ 1.90
51.7
51.2
Average shares outstanding
Gas Utility grew $26.6M
-
Higher ISRS and volumes
Cost controls and higher
depreciation expense
•
•
Gas Marketing increased $26.6M
Driven by optimization of market
conditions in the second quarter
Improved results from Spire Storage
¹Net economic earnings per share is calculated by replacing consolidated net income with consolidated net economic earnings in the GAAP diluted EPS calculation, which
includes reductions for cumulative preferred dividends and participating shares.
2Income taxes are calculated by applying federal, state, and local income tax rates applicable to ordinary income to the amounts of the pre-tax reconciling items and then
adding any estimated effects of enacted state or local income tax laws for periods before related effective date.
36 Spire | Investor presentation
September 2021View entire presentation