| Investor Contact: |
| Scott W. Dudley Jr. |
| 314-342-0878 |
| Jessica B. Willingham |
| 314-342-3300 |
For Immediate Release
Spire Reports FY21 4th Quarter and Full-Year Results
ST. LOUIS (Nov. 22, 2021) - Spire Inc. (NYSE: SR) today reported results for its fiscal 2021 fourth quarter and full year ended September 30. Highlights include:
| • | A narrower fourth quarter loss of $10 million ($0.26 per diluted share) compared to a loss of $20 million ($0.45 per share) in fiscal 2020. On a net economic earnings (NEE) per share basis, the fourth quarter losses were $0.32 this year compared to $0.37 a year ago. |
| • | Spire STL Pipeline working to ensure continued operation throughout the upcoming winter |
| • | Spire Missouri seeks clarification on unprecedented rate review order |
| • | Launching fiscal 2022 NEE per share guidance of $3.70 - $4.00 and increasing our 5-year capital expenditure target to $3.1 billion |
"This past year has offered numerous challenges, including severe winter weather, challenges to the continued operation of the Spire STL Pipeline, and most recently, an unprecedented order regarding our Missouri rate review. The order was inconsistent with the precedent established in previous rate cases and our practices based on that precedent. As a result, we've filed for reconsideration with the Missouri commission in an effort to...
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