Spire (NYSE:SR) Posts Earnings Results

Spire (NYSE:SR) posted its quarterly earnings results on Wednesday. The utilities provider reported ($0.26) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.06, FiscalAI reports. Spire had a net margin of 13.97% and a return on equity of 9.49%. The business had revenue of $420.20 million during the quarter, compared to analysts’ expectations of $394.62 million. During the same quarter last year, the company posted $0.01 earnings per share. The business’s quarterly revenue was up 19.2% on a year-over-year basis. 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 Stock Performance

Shares of NYSE SR traded up $0.62 during trading on Wednesday, reaching $80.18. 232,842 shares of the company traded hands, compared to its average volume of 448,041. The firm’s fifty day simple moving average is $80.37 and its 200 day simple moving average is $86.00. The stock has a market cap of $4.74 billion, a P/E ratio of 14.10, a PEG ratio of 1.79 and a beta of 0.52. Spire has a 12-month low of $73.91 and a 12-month high of $95.31. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.69.

Spire Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 11th. Spire’s dividend payout ratio (DPR) is currently 58.00%.

Insider Transactions at Spire

In related news, Director Paul D. Koonce bought 500 shares of the stock in a transaction dated Thursday, June 11th. The shares were purchased at an average price of $78.46 per share, for a total transaction of $39,230.00. Following the completion of the purchase, the director directly owned 8,000 shares of the company’s stock, valued at $627,680. This represents a 6.67% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Ryan L. Hyman sold 3,822 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total value of $307,709.22. Following the sale, the senior vice president directly owned 14,295 shares in the company, valued at approximately $1,150,890.45. This trade represents a 21.10% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders bought 3,000 shares of company stock worth $251,100 in the last 90 days. Company insiders own 2.26% of the company’s stock.

Hedge Funds Weigh In On Spire

Several institutional investors have recently made changes to their positions in SR. Adage Capital Partners GP L.L.C. lifted its stake in shares of Spire by 158.1% in the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,000,000 shares of the utilities provider’s stock valued at $72,990,000 after purchasing an additional 612,500 shares during the period. Invesco Ltd. increased its holdings in Spire by 44.4% in the third quarter. Invesco Ltd. now owns 846,263 shares of the utilities provider’s stock valued at $68,987,000 after buying an additional 260,344 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Spire by 40.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 647,646 shares of the utilities provider’s stock worth $53,560,000 after acquiring an additional 185,796 shares during the period. UBS Group AG boosted its stake in shares of 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 acquiring an additional 172,493 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of Spire by 108.5% during the 4th quarter. Millennium Management LLC now owns 296,347 shares of the utilities provider’s stock valued at $24,508,000 after acquiring an additional 154,237 shares during the period. 87.36% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SR. Wells Fargo & Company began coverage on Spire in a research report on Monday, May 11th. They issued an “overweight” rating and a $96.00 target price on the stock. Mizuho began coverage on Spire in a research note on Tuesday, July 7th. They set an “outperform” rating and a $88.00 price target on the stock. UBS Group cut their price objective on Spire from $106.00 to $103.00 and set a “buy” rating on the stock in a report on Friday, May 8th. Wolfe Research started coverage on Spire in a report on Tuesday, May 26th. They set a “peer perform” rating for the company. Finally, TD Cowen assumed coverage on shares of Spire in a report on Thursday, April 16th. They issued a “hold” rating and a $101.00 price target on the stock. Two investment 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 stock. According to data from MarketBeat.com, Spire presently has an average rating of “Moderate Buy” and a consensus price target of $94.50.

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.