Spire (NYSE:SR) Posts Earnings Results, Beats Estimates By $0.15 EPS

Spire (NYSE:SR) posted its quarterly earnings results on Tuesday. The utilities provider reported $1.77 EPS for the quarter, topping the consensus estimate of $1.62 by $0.15, Briefing.com reports. Spire had a net margin of 10.96% and a return on equity of 8.78%. The business had revenue of $762.20 million during the quarter, compared to the consensus estimate of $785.54 million. During the same quarter in the previous year, the firm posted $1.34 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Spire updated its FY 2027 guidance to 5.650-5.850 EPS and its FY 2026 guidance to 5.250-5.450 EPS.

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

• Adjusted EPS of $1.77 in Q1 (up from $1.34 a year ago), driven mainly by stronger gas utility results with contributions from marketing and midstream.
• Management is reaffirming 2026 guidance of $5.25–$5.45 and 2027 guidance of $5.65–$5.85 per share, and maintains a long‑term adjusted EPS growth target of 5%–7%.
• The Tennessee acquisition is progressing (HSR clear, Tennessee PUC approval pending); financing (including $900M JSNs and $825M senior notes) is structured to preserve credit ratings and expects minimal common equity use, with an 18‑month transition services agreement planned.
• Evaluation of potential natural gas storage asset sales is taking longer than expected despite strong market interest; management expects an announcement later this quarter, introducing timing uncertainty for related proceeds.
• Capital plan remains heavy on utility investment — $230M invested in the quarter, 2026 CapEx expected at $809M, and a 10‑year $11.2B plan that supports ~7% rate base growth in Missouri and Tennessee and underpins the company’s growth targets.

Spire Stock Performance

Shares of SR opened at $85.10 on Wednesday. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 1.07. Spire has a 52-week low of $68.48 and a 52-week high of $91.11. The company has a 50-day simple moving average of $83.62 and a 200-day simple moving average of $81.71. The company has a market capitalization of $5.03 billion, a PE ratio of 19.34, a P/E/G ratio of 1.34 and a beta of 0.67.

Spire Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 2nd. Shareholders of record on Wednesday, March 11th will be issued a $0.825 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $3.30 dividend on an annualized basis and a yield of 3.9%. Spire’s dividend payout ratio (DPR) is 75.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Spire by 10.0% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 212,438 shares of the utilities provider’s stock worth $16,623,000 after buying an additional 19,373 shares during the period. Jane Street Group LLC purchased a new position in shares of Spire in the 1st quarter worth about $9,636,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Spire by 1,031.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider’s stock worth $45,000 after purchasing an additional 557 shares during the period. M&T Bank Corp lifted its stake in shares of Spire by 75.8% in the 2nd quarter. M&T Bank Corp now owns 4,658 shares of the utilities provider’s stock valued at $340,000 after purchasing an additional 2,009 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Spire by 1.5% during the 2nd quarter. Invesco Ltd. now owns 585,919 shares of the utilities provider’s stock worth $42,766,000 after purchasing an additional 8,726 shares during the period. Hedge funds and other institutional investors own 87.36% of the company’s stock.

Analyst Upgrades and Downgrades

SR has been the subject of a number of research reports. Morgan Stanley reiterated an “overweight” rating and issued a $93.00 price objective on shares of Spire in a research note on Wednesday, January 21st. Mizuho lifted their price objective on shares of Spire from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Stifel Nicolaus upped their target price on shares of Spire from $81.00 to $87.00 and gave the company a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Spire in a research note on Monday, December 29th. Finally, BTIG Research upgraded Spire to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.36.

Trending Headlines about Spire

Here are the key news stories impacting Spire this week:

• Positive Sentiment: Q1 adjusted EPS beat expectations — Spire reported $1.77 adjusted EPS vs. consensus ~ $1.53–$1.62, up from $1.34 a year ago, driven by higher gas utility earnings. Spire reports FY26 first quarter results
• Positive Sentiment: Y/Y revenue growth and improved operating results — revenue rose ~13.9% year-over-year and operating income improved in key segments, supporting the EPS beat. Spire reports FY26 first quarter results
• Positive Sentiment: Guidance affirmed and slightly above consensus — Spire reaffirmed FY2026 adjusted EPS guidance of $5.25–$5.45 and set FY2027 at $5.65–$5.85 (around or modestly above some street estimates), removing uncertainty about the company’s near-term targets. Spire reports FY26 first quarter results
• Positive Sentiment: Preferred stock redemption amended — the company moved to redeem its 5.90% Series A preferred shares, which can lower future cash obligations and simplify the capital structure. Spire Inc. Amends Redemption of 5.90% Series A
• Neutral Sentiment: Earnings call / transcripts available — management commentary and the Q&A could reveal execution plans and regulatory or capital details; investors are reviewing the call for forward detail. Spire (SR) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Unrelated filing flagged — a Form 8.3 from Dimensional Fund Advisors references Spire Healthcare Group (a different company), which is noise for SR investors. Dimensional Fund Advisors Ltd. : Form 8.3
• Negative Sentiment: Revenue missed some analyst estimates — reported revenue was $762.2M versus analyst expectations near $785.5M, a shortfall that tempers the positive EPS surprise and likely contributed to mixed market reaction. Spire Q1 results and transcript

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.