On this page of StockholderLetter.com we present the 12/13/2023 shareholder letter from SPIRE INC — ticker symbol SR. Reading current and past SR letters to shareholders can bring important insights into the investment thesis.
The Future
is Bright
Spire Inc.
2023 Annual Report on Form 10-K
2023 highlights
Fiscal years ended September 30
2023
2022
2021
Earnings and dividends (millions, except per share amounts)
Net income

217.5

220.8

271.7
Diluted earnings per share of common stock

3.85

3.95

4.96
Net economic earnings*

228.1

216.3

266.3
Diluted net economic earnings per share of common stock*

4.05

3.86

4.86
Dividends declared per share of common stock

2.88

2.74

2.60
K                                (millions)
$ 2,456.6
$ 1,945.6
$ 2,118.2
179.1
234.9
96.5
30.6
18.0
20.8
$ 2,666.3
$ 2,198.5
$ 2,235.5
'     h                                                               (millions of Ccf)
3,220.7
3,175.0
3,247.7
Annual average customers (thousands)
1,735.6
1,732.7
1,725.9
2,537
2,650
2,771
3,589
3,584
3,710
'     h          
'     D              
Midstream and other
d                                          
h                                               

Common shareholders of record, end of period

Total employees, end of period
*For further discussion of these non-GAAP financial measures, see pages 29-30 of our Annual Report on Form 10-K.
Profile
At Spire, we believe energy exists to help make people   s
lives better. It   s a simple idea, but one that   s at the heart
of our company. Every day we serve 1.7 million homes and
businesses, making us one of the largest publicly traded
natural gas companies in the country. We help families
and business owners fuel their daily lives through our
gas utilities serving Alabama, Mississippi and Missouri.
Our natural gas-related businesses include Spire Marketing
and Spire Midstream. We are committed to transforming
our business through growing organically, investing in
infrastructure, and advancing through innovation. Learn
more at SpireEnergy.com.
 • shareholder letter icon 12/13/2023 Letter Continued (Full PDF)
 • stockholder letter icon 12/18/2024 SR Stockholder Letter
 • stockholder letter icon More "Gas Utilities" Category Stockholder Letters
 • Benford's Law Stocks icon SR Benford's Law Stock Score = 97


SR 12/13/2023 Shareholder/Stockholder Letter Transcript:

The Future
is Bright
Spire Inc.
2023 Annual Report on Form 10-K

2023 highlights
Fiscal years ended September 30
2023
2022
2021
Earnings and dividends (millions, except per share amounts)
Net income

217.5

220.8

271.7
Diluted earnings per share of common stock

3.85

3.95

4.96
Net economic earnings*

228.1

216.3

266.3
Diluted net economic earnings per share of common stock*

4.05

3.86

4.86
Dividends declared per share of common stock

2.88

2.74

2.60
K                                (millions)
$ 2,456.6
$ 1,945.6
$ 2,118.2
179.1
234.9
96.5
30.6
18.0
20.8
$ 2,666.3
$ 2,198.5
$ 2,235.5
'     h                                                               (millions of Ccf)
3,220.7
3,175.0
3,247.7
Annual average customers (thousands)
1,735.6
1,732.7
1,725.9
2,537
2,650
2,771
3,589
3,584
3,710
'     h          
'     D              
Midstream and other
d                                          
h                                               

Common shareholders of record, end of period

Total employees, end of period
*For further discussion of these non-GAAP financial measures, see pages 29-30 of our Annual Report on Form 10-K.
Profile
At Spire, we believe energy exists to help make people   s
lives better. It   s a simple idea, but one that   s at the heart
of our company. Every day we serve 1.7 million homes and
businesses, making us one of the largest publicly traded
natural gas companies in the country. We help families
and business owners fuel their daily lives through our
gas utilities serving Alabama, Mississippi and Missouri.
Our natural gas-related businesses include Spire Marketing
and Spire Midstream. We are committed to transforming
our business through growing organically, investing in
infrastructure, and advancing through innovation. Learn
more at SpireEnergy.com.



shareholder letter icon 12/13/2023 Letter Continued (Full PDF)
 

SR Stockholder/Shareholder Letter (SPIRE INC) 12/13/2023 | www.StockholderLetter.com
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