Spire Inc. (NYSE:SR) Q1 2024 Earnings Conference Call February 1, 2024 10:00 AM ET
Company Participants
Megan McPhail - Managing Director, Investor Relations
Steven Lindsey - President and Chief Executive Officer
Steven Rasche - Executive Vice President and Chief Financial Officer
Adam Woodard - Vice President, Treasurer and Chief Financial Officer, Gas Utilities
Conference Call Participants
Jamieson Ward - Guggenheim Partners
Richard Sunderland - JPMorgan
Christopher Jeffrey - Mizuho
Operator
Good morning, and welcome to the Spire Inc. First Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note this event is being recorded.
I would now like to turn the conference over to Megan McPhail, Managing Director, Investor Relations. Please, go ahead.
Megan McPhail
Good morning, and welcome to Spire's Fiscal 2024 First Quarter Earnings Call. We issued an earnings news release this morning, and you may access it on our website at spireenergy.com under Newsroom. There is a slide presentation that accompanies our webcast, and you may download it from either the webcast site or from our website under Investors and then Events and Presentations.
Before we begin, let me cover our Safe Harbor statement and use of non-GAAP earnings measures. Today's call including responses to questions may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although our forward-looking statements are based on reasonable assumptions, there are various uncertainties and risk factors that may cause future performance or results to be different than those anticipated. These risks and uncertainties are outlined in our quarterly and annual filings with the SEC.
In our comments, we will be discussing net economic earnings and contribution margin, which are both non-GAAP measures used by management when evaluating our performance and results of operations. Explanations and reconciliations of these measures to their GAAP counterparts are contained in both our news release and slide presentation.
On the call today is Steve Lindsey, President and CEO; and Steve Rasche, Executive Vice President and CFO. Also in the room today are Scott Doyle, Executive Vice President and COO; Adam Woodard, Vice President and Treasurer; and Scott Dudley, Investor Relations.
With that, I will turn the call over to Steve Lindsey. Steve?
Steven Lindsey
Thanks, Megan. Good morning to everyone. Thank you for joining us today to review our first quarter performance and an update on recent developments and outlook. I'd like to begin by thanking our employees for their continuing dedication and commitment, serving our customers as we enter the important winter heating season. Following a warmer than normal fiscal year first quarter, we experienced extreme cold weather across our service territories last month. Rigid conditions impacted customers in Alabama, temperatures in parts of our Missouri service territory dipped as low as negative 12, with Windchill as low as negative 35.