Exhibit 99.1



Investor Contact:


Scott W. Dudley Jr.








Media Contact:


Jessica B. Willingham





For Immediate Release


Spire Reports Growth in Fiscal 2019 Earnings

Places Spire STL Pipeline in service, raises dividend 5.1 percent

ST. LOUIS (Nov. 25, 2019)

- Spire Inc. (NYSE: SR) today reported results for its fiscal 2019 full year and fourth quarter ended September 30. Highlights include:

Fiscal 2019 net income of $185 million ($3.52 per diluted share), compared to $214 million ($4.33 per share) in fiscal 2018

Net economic earnings* of $195 million, up 6.2 percent from $184 million a year ago; net economic earnings per share of $3.73, up from $3.72 last year

Long-term annual net economic earnings per share growth target of 4-7 percent affirmed

Five-year capital spend target raised to $3 billion including $590 million for fiscal 2020

“In fiscal 2019, we delivered another year of consistent growth and improving performance. Through our organic growth initiatives and continued investment, we achieved growth in our gas utilities while we further expanded our marketing business,” said Suzanne Sitherwood, president and chief executive officer of Spire. “Our ongoing investment in infrastructure upgrades, technology and our people drove another year of enhanced safety, system integrity and service levels. At the same time, we continued to advance our midstream businesses, and we are pleased to announce that the Spire STL Pipeline is now in service, providing a reliable and more diverse supply of natural gas to the St. Louis region. Moving forward, we are poised to continue our growth while delivering on our promise to enrich the lives of our customers and advance the communities we serve.”


Fiscal Year Results


Year Ended September 30,







(Per Diluted Common Share)















Net Economic Earnings (Loss)* by Segment

















Gas Utility

















Gas Marketing



















































Missouri ISRS provision, pre-tax















Missouri regulatory adjustments, pre-tax















Effect of the Tax Cuts and Jobs Act















All other adjustments

















Net Income

















Weighted Average Diluted Shares Outstanding

















*Non-GAAP, see “Net Economic Earnings and Reconciliation to GAAP.”


The following information was filed by Spire Inc (SR) on Tuesday, November 26, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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