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Spire Affirms FY24 Net Economic EPS Guidance Range Of $4.25–$4.45 Vs. $4.34 Est.

Author: Benzinga Newsdesk | February 01, 2024 08:07am

We remain confident in our ability to grow long-term NEE per share 5–7% driven by expected 7–8% annual utility rate base growth, reflecting our robust capital investment plan.

Our 10-year $7.2 billion capital investment target through fiscal 2033 is driven by increasing investment in infrastructure upgrades and new business in the Gas Utility segment. Expected capital expenditures for fiscal 2024 remain $765 million, which includes $100 million for the Spire Storage West expansion.  

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