Spire (NYSE:SR) Issues Quarterly Earnings Results

Spire (NYSE:SR) released its earnings results on Wednesday. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.06, FiscalAI reports. The company had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. Spire had a net margin of 21.48% and a return on equity of 8.65%. The company’s revenue was up 19.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 EPS. Spire updated its FY 2026 guidance to 3.900-4.100 EPS.

Here are the key takeaways from Spire’s conference call:

• Fiscal 2026 and 2027 EPS guidance was reaffirmed at $3.90–$4.10 and $5.40–$5.60, respectively, alongside the long-term 5%–7% adjusted EPS growth target.
• Spire completed the divestitures of its marketing and storage businesses, creating a more focused, fully regulated utility profile that management says should reduce earnings volatility and improve predictability.
• The company is advancing an approximately $11.2 billion 10-year capital plan, supporting projected rate-base growth of roughly 7% and nearly $800 million of utility capital expenditures in fiscal 2026.
• Regulatory proceedings remain important catalysts, including Alabama RSE renewal hearings, Spire Tennessee’s requested $14 million revenue increase, and a planned Missouri future-test-year rate case in November 2026; management expects a potential Missouri-related EPS step-up in 2028.
• Third-quarter adjusted results remained a loss of $0.26 per share, while higher bad debt, depreciation, taxes, interest expense, and corporate costs weighed on performance despite improvement in the gas utility segment.

Spire Trading Up 1.0%

SR traded up $0.78 during mid-day trading on Friday, hitting $81.62. The stock had a trading volume of 139,317 shares, compared to its average volume of 448,365. The stock’s fifty day simple moving average is $80.21 and its 200-day simple moving average is $85.97. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.80 and a beta of 0.52. Spire has a 1-year low of $73.91 and a 1-year high of $95.31. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.37 and a quick ratio of 0.48.

Spire Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $0.825 dividend. The ex-dividend date is Friday, September 11th. This represents a $3.30 annualized dividend and a yield of 4.0%. Spire’s dividend payout ratio (DPR) is 36.79%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SR shares. JPMorgan Chase & Co. reissued a “neutral” rating and set a $85.00 price target (up from $84.00) on shares of Spire in a research note on Friday, June 26th. BTIG Research set a $101.00 price objective on shares of Spire in a research note on Thursday, July 23rd. UBS Group lowered their target price on shares of Spire from $106.00 to $103.00 and set a “buy” rating for the company in a report on Friday, May 8th. Mizuho began coverage on Spire in a research note on Tuesday, July 7th. They issued an “outperform” rating and a $88.00 price target on the stock. Finally, Weiss Ratings upgraded Spire from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Insider Buying and Selling at Spire

In related news, SVP Ryan L. Hyman sold 3,822 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $80.51, for a total value of $307,709.22. Following the completion of the sale, the senior vice president owned 14,295 shares in the company, valued at $1,150,890.45. This represents a 21.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Paul D. Koonce acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $78.46 per share, for a total transaction of $39,230.00. Following the purchase, the director directly owned 8,000 shares in the company, valued at $627,680. This trade represents a 6.67% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 2.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Spire

A number of hedge funds have recently modified their holdings of the business. Adage Capital Partners GP L.L.C. raised its holdings in shares of Spire by 158.1% during the second quarter. Adage Capital Partners GP L.L.C. now owns 1,000,000 shares of the utilities provider’s stock worth $72,990,000 after acquiring an additional 612,500 shares during the period. Invesco Ltd. boosted its stake in Spire by 44.4% in the 3rd quarter. Invesco Ltd. now owns 846,263 shares of the utilities provider’s stock worth $68,987,000 after purchasing an additional 260,344 shares during the period. Goldman Sachs Group Inc. boosted its stake in Spire by 40.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 647,646 shares of the utilities provider’s stock worth $53,560,000 after purchasing an additional 185,796 shares during the period. UBS Group AG increased its holdings in Spire by 53.0% during the 3rd quarter. UBS Group AG now owns 497,657 shares of the utilities provider’s stock worth $40,569,000 after purchasing an additional 172,493 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Spire by 108.5% during the 4th quarter. Millennium Management LLC now owns 296,347 shares of the utilities provider’s stock worth $24,508,000 after purchasing an additional 154,237 shares in the last quarter. Institutional investors and hedge funds own 87.36% of the company’s stock.

About Spire

Spire Inc (NYSE: SR), formerly known as The Laclede Group, is a regulated natural gas distribution company headquartered in St. Louis, Missouri. Through its three operating divisions—Spire Missouri, Spire Alabama and Spire Mississippi—the company delivers natural gas to more than 1.7 million residential, commercial and industrial customers. Spire’s service territory spans key markets in the central and southern United States, including metropolitan St. Louis, central Alabama and central Mississippi.

Founded in 1857 as the Laclede Gas Light Company, the business has grown through strategic acquisitions, notably Alabama Gas Corporation in 2013 and Mississippi Gas in 2016.