Spire (SR) AGM 2025 summary

Opening remarks and agenda

• Meeting conducted virtually to maximize shareholder participation and officially called to order, with agenda and rules provided on the portal.

• Shareholders could submit questions via the portal, and the meeting was recorded.

Board and executive committee updates

• Board introduced, including new director Sherry Cook, who brings HR and finance expertise and local market insight.

• Steve Lindsey, President and CEO, on health-related leave; Scott Doyle, COO, filled in.

• Adam Woodard succeeded Steve Rasche as CFO effective January 1, following Rasche's retirement.

• Board continues to focus on diversity, independence, and succession planning.

Financial performance review

• Earnings and dividends grew year over year despite market headwinds from weather, interest rates, and inflation.

• Capital plan executed with investments in gas utilities, pipeline modernization, and 350,000 advanced meters.

• Customer affordability initiative implemented to lower costs and improve efficiency.

• Midstream segment performed well, with acquisitions and integration of MoGas and Omega pipeline companies.