and everyone, us Thanks, Steve. Good for morning, you joining thank today.
as start review provide into beyond. of and I'll updates some then Let's XXXX look we results, brief a and with
basis. higher fiscal last is seasonal we of or a on rate our a loss year million, $XX quarter, million $X.XX a share $X reported For run than fourth which
last for As reported adjustments recall, makes flowed statement the had rate you storm to which the XXXX including bit events year, and from understand. the winter may Uri that a of through as difficult for benefits Missouri order, the last results quarter, income several comparison we year for significant
we we've reconciliation the in For better full a included appendix. and the analysis comparison to a here, those items provide excluded
run businesses at our Looking rate basis. on a
the loss warmest Our of gas reduced in days summer. usage to quarter utilities have seasonal a typically due this
$XX quarter, the year. million than nearly last million $XX or lost the segment greater For
its reclass summarizes transportation roughly year. Operation hitting and quarter, utility inventory last order of term from value net and our offset Interest up discussed XX X% to costs out quarters. fiscal greater marketing Gas share quarter a was few and and the expense variances for the third 'XX to also loss reflect short million marketing ago. results corporate to we cadence multiple year, other were the the winter well higher, of as season key heating Lindsey positions Steve earlier also lower $XX costs was rate reflecting our fourth the measure minutes debt in higher the able spend. a earnings highlights. to to due tied shifting short as Quarter of were expenses levels Missouri and As this spread a control compared and rate recovery, was changed capture higher Southeast pension a of lower margins on interest term maintenance Alabama rates. period, cost roughly in positioned over this year commodity a couple of by and the the our of higher run Slide discussed
briefly results. partially $X.XX per utility results. commentary lower $X.XX net fiscal were our earnings run offset by last provide from were economic me year's gas down earnings full Let marketing stronger as our share, 'XX on year Overall, rate year
utility as last order; discussed that half the of; Missouri by the lower reminder, fully headwinds spring, in gas 'XX second mitigated reflect the year. not first, and the second, weather rate return was the in part system offset a of rate of higher As op warmer results in in a sales from Alabama we
last year. benefit $X.X Our commercial of marketing the favorable earnings in million equal Uri roughly the million settlement remaining a and earnings includes disputes, of from to the $XX current year
and in Turning and And X%, by to long capital have utility reflecting spend a of updated $X plan XX share full is and rates our This our speaking our plan outlook. supports good remain long We X% growth target updated reliability our term to regulatory plan. term safety, totaling covered confident rate of mechanisms. base for of per years, our nature by growth, goals billion investment sustainability recovery the our extended base rate driven growth. we
and expansion financing required Steve Spire updated for our beyond million, plan is including guidance, Our steadily Spire Storage We've also investment Storage. as 'XX, of our mentioned, equity a $XXX the reflecting XXXX. level expansion at decreasing
operating support million is activity term debt updates; financing and our liquidity investments. refinancing including Spire and issued season. to Spire first, secondly, a month; quick updated last and company into additional of our heading heating Gulf ongoing Alabama Two total long $XXX also well the We positioned forecast, of debt winter debt
year year. fiscal headwinds operating some provides context 'XX to fiscal forecast. summary Turning we The we see and on here new tailwinds our enter as the
hit me Pending regulatory few recovery, all expect recovery benefit Let of new to on we overheads in Missouri. a in points. rates jurisdictions from and
have address We that approximately net plans our higher increase place will X% of And next and expect mitigation year. our inflations in efforts to costs commodity costs we overall. by
given our program. rate positioned ongoing well hedging from are We an interest for term long perspective rates
through work we a recovered As through period noted term we portion higher short this cost, of gas of as costs do is anticipate earlier, rates. which non-deferred higher borrowing
also have a years development expansion period Spire impact our 'XX. 'XX you during I and per would anticipate we to on share Finally, Storage in that dilutive earnings remind that its fiscal
For that $X.XX estimate in XXXX. XXXX, reflecting late interest both in budget impact and we the issued the on fiscal equity to of completion per advance borrowings share, be
intent we guidance structure, heading Our in we year a you, look Suzanne. a investors that, complete earnings communities, me items updating on more we project to our the stakeholders, financing it of into for operationally position, and is during enter a 'XX have year Those XX-XX each impact Missouri. customers, are quarter to few much development in on exclude progresses. and In the financially. to XXXX, it targets on the separately we say summary, delivering disclose economic and strong and this regulatory period. back we'll fiscal focused We're With on our net and focus calculations our plan and process it all the after to let progress over turn our you from cap as forward
