Spire Inc. (NYSE: SR) is postponing its earnings conference call scheduled for Wednesday, November 20, 2019, in order to allow time for the company to assess the impact of adverse court rulings from the Missouri Western District Court of Appeals received earlier today.
The rulings denied Spire Missouri's appeals of its Infrastructure System Replacement Surcharge and ordered refunds of certain amounts deemed not recoverable since 2016.
We strongly disagree with the rulings and are evaluating our legal and regulatory options in response. We are in the process of determining the impact of the court rulings and the impacts, if any, on disclosures and financial results for our just completed fiscal year 2019. The company plans to reschedule its earnings call to a later date after its assessment and analysis are completed.