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![SPIRE INC [SRCU] has reported $217.5M profit for Q4 2023 ended Q3.](/_next/image?url=https%3A%2F%2F10k-staging.s3.us-west-2.amazonaws.com%2Fnews_images%2Farticle_SRCU_building_1_20231121091343252.jpg&w=1200&q=75)
SPIRE INC [SRCU] has reported $217.5 million profit for Q4 2023.
The St Louis, Missouri-based company recorded net profit of $418.6 million. Earnings per share rose to $3.85.
Based on the values in the Balance Sheet table, the Total Assets increased from $10,083.7 million in the previous reporting period to $10,313.6 million in the current reporting period. The Total Liabilities also increased from $5,218.2 million to $5,605.5 million. However, the Total Stockholders' Equity also increased from $2,818.5 million to $2,917.3 million. Overall, there was an increase in both assets and liabilities, but the increase in equity indicates a positive financial position for the company.
In the comparison between the current reporting period (12 months ended September 30, 2023) and the same period in the previous year (12 months ended September 30, 2022), the following key data points stand out from the Income Statement table:
1. Operating Revenues: The company's operating revenues increased from $2,198.5 million in the previous year to $2,666.3 million in the current year.
2. Operating Expenses: The total operating expenses also increased from $1,790.3 million in the previous year to $2,247.7 million in the current year. This increase can be attributed to higher costs in categories such as natural gas, operation and maintenance, depreciation and amortization, and taxes.
3. Operating Income: Despite the increase in operating expenses, the company's operating income slightly improved, rising from $408.2 million in the previous year to $418.6 million in the current year.
4. Net Income: The company's net income experienced a slight decline, dropping from $220.8 million in the previous year to $217.5 million in the current year.
5. Earnings per Share: Both basic and diluted earnings per share decreased in the current reporting period compared to the previous year. Basic earnings per share declined from $3.96 to $3.86, while diluted earnings per share decreased from $3.95 to $3.85.
The analysis indicates that the company experienced revenue growth but faced higher operating expenses, resulting in a slight decline in net income. However, it is important to note that further analysis may be required to fully understand the reasons behind these changes and their impact on the company's financial performance.
Based on the values in the Cash Flow Statement table, the net cash from investments decreased year over year, with a decrease of $148.8 million from 2022 to 2023. Similarly, the net cash from financing activities decreased by $240.3 million during the same period. Conversely, the net cash from operating activities increased significantly by $385.2 million from 2022 to 2023. Additionally, there was a net increase in cash and cash equivalents of $5.3 million in the current reporting period.
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