Barry Klein's questions to Spire Inc (SR) leadership • Q3 2025
Question
Barry Klein from Macquarie Group asked for clarification on whether the long-term 5% to 7% EPS growth target includes the positive impacts from the recent Missouri rate case settlement.
Answer
EVP & CFO Adam Witter clarified that the 5% to 7% growth target is primarily driven by long-term rate base growth from capital investments. He stated that the earnings catch-up from improved cost recovery in Missouri would be in addition to, not included in, that core growth rate.