Spire

Spire Inc. operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the Gas Utility and Gas Marketing Business segments. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation. The Gas Marketing segment includes Laclede Energy Resources, Inc., a subsidiary engaged in the marketing of natural gas and related activities on a non-regulated basis. The company also engages in other businesses, including the transportation of liquid propane, real estate development, the compression of natural gas, financial investments in other enterprises, propane sales transactions, propane storage, and related services, and merchandise sales business. Spire was founded in 1857 and is headquartered in St. Louis, MO.

Earnings data Q1 2021

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Spire reports robust Q1 earnings, navigates challenges for sustainable growth

Spire's Q1 2023 earnings call highlighted strong financial performance, strategic focus on natural gas, and commitment to safety and service quality. The company faces challenges in managing analyst queries, maintaining financial ratios, and addressing legal issues, but also sees opportunities in leveraging operational excellence and industry advocacy for future growth.

Spire reports strong earnings growth amidst weather challenges and Moody's outlook shift

Spire's Q2 2023 performance showed growth in net economic earnings and Gas Utility earnings, despite challenges from a warm winter.
The company's strategic strengths lie in its capital investment targets, regulatory support, and successful execution of plans.
Challenges include weather impacts on gas utilities and Moody's negative outlook on Alabama, while opportunities arise from investments and lower gas prices.
Overall, Spire's focus on sustainability, financial stability, and growth initiatives position it for long-term success in the energy sector.

Spire reports Q3 loss, eyes 2024 rebound amid challenges

Spire faces challenges from lower demand and high costs but is strategically positioned for growth in 2024.
Efforts towards regulatory recovery, governance oversight, and capital investments are strengths for the company.
Revised earnings guidance and financing forecast pose challenges amidst opportunities for growth.
Overall, Spire remains confident in its ability to rebound in 2024 and beyond.

Spire exceeds earnings expectations, plans utility investment for growth

Spire's strong financial performance in FY '23 and optimistic guidance for FY '24 indicate a positive outlook for the company.
While facing challenges in managing costs and driving earnings growth, Spire's strategic focus on value creation and infrastructure investment bodes well for future success.
Investors can look forward to potential growth opportunities as Spire aims to deliver on its financial targets and enhance shareholder value through prudent capital allocation.

Spire reports steady Q1 earnings amidst weather challenges and acquisitions

Spire Inc. navigated challenges from extreme weather to deliver resilient earnings performance in Q1 2024. Despite lower earnings compared to the previous year, the company remains focused on growth through strategic acquisitions and capital investments, while managing expenses efficiently.

Spire reports Q2 earnings dip, eyes growth in gas utilities

Spire's Q2 performance reflected a slight decline in earnings per share but maintained a positive growth outlook for the future.
The company's strategic strengths in capital investments, sustainable energy focus, and operational optimization were key highlights.
Challenges from lower usage, weather impacts, and regulatory issues were acknowledged, with opportunities seen in growth outlook and infrastructure development.

Spire reports improved Q3 earnings, focuses on cost efficiency

Spire anticipates earnings per share between $4.15 and $4.25 for the fiscal year, with savings expected to offset headwinds. The company is confident in long-term net economic earnings per share growth target of 5% to 7%. No plans to slow dividend growth, targeting a 15% to 16% FFO to debt ratio.

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Spire Inc. is a natural gas utility that operates in three states in the southern part of the United States. The company generally enjoys financial stability, although natural gas utilities are not quite as stable as electric utilities. Spire is well-positioned for growth and is likely to deliver a 10% to 12% total return on average over the next decade.

Spire Inc: A 4.46%-Yielding Natural Gas Utility

New role to oversee enterprise sustainability strategy ST. LOUIS , June 1, 2023 /PRNewswire/ -- Building upon Spire's commitment to the environment, its customers and communities, Spire has named Nick Popielski their first Vice President of Sustainability.

Nick Popielski named Spire's first Vice President of Sustainability

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Spire (SR) is a Top-Ranked Value Stock: Should You Buy?

Spire (SR) enters into an agreement to acquire pipeline systems from CorEnergy Infrastructure Trust for $175 million.

Spire (SR) to Buy Assets for $175M, Expand Midstream Business

CorEnergy Infrastructure Trust

KANSAS CITY, Mo.--(BUSINESS WIRE)---- $CORR--CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) ("CorEnergy" or the "Company") today announced entry into a definitive agreement to sell its MoGas and Omega pipeline systems (“MoGas System”) to Spire Inc. (NYSE: SR) for approximately $175 million in cash, subject to final working capital adjustments. The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois. Transaction H.

CorEnergy to Sell MoGas and Omega Pipeline Systems to Spire

ST. LOUIS , May 25, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced it has entered into an agreement to acquire MoGas Pipeline (MoGas), an interstate natural gas pipeline, and Omega Pipeline (Omega), a connected gas distribution system, from CorEnergy Infrastructure Trust, Inc. (NYSE: CORR), for $175 million, subject to customary working capital and other closing adjustments. The transaction is expected to close in Spire's fiscal fourth quarter, pending Hart-Scott-Rodino review and subject to customary closing conditions.

Spire to acquire MoGas and Omega pipeline systems

ST. LOUIS , May 19, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced that members of its management team will present at the 2023 American Gas Association (AGA) Financial Forum on Sunday, May 21, 2023, at 1:40 p.m. Eastern time.

Spire to Present at AGA Financial Forum

Spire's (SR) fiscal second-quarter 2023 earnings and revenues outpace estimates.

Spire (SR) Q2 Earnings and Revenues Surpass Estimates

Spire Inc. (NYSE:SR ) Q2 2023 Earnings Conference Call May 3, 2023 9:00 AM ET Company Participants Scott Dudley - Managing Director, Investor Relations Suzanne Sitherwood - President and Chief Executive Officer Steve Lindsey - Chief Operating Officer Steven Rasche - Chief Financial Officer Adam Woodard - Treasurer and Chief Financial Officer, Gas Utilities. Scott Carter - Chief Operating Officer of Distribution Operations and President, Spire Missouri Conference Call Participants David Arcaro - Morgan Stanley Richard Sunderland - JPMorgan Chase & Co. Shar Pourreza - Guggenheim Securities, LLC Paul Zimbardo - BofA Securities, Inc. Christopher Jeffrey - Mizuho Securities Operator Good morning, and welcome to the Spire Second Quarter Fiscal Year 2023 Earnings Conference Call.

Spire Inc. (SR) Q2 2023 Earnings Call Transcript

ST. LOUIS , May 3, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) today reported results for its fiscal 2023 second quarter ended March 31. Highlights include: Net income of $179.2 million ($3.33 per diluted share) compared to net income of $173.6 million, or $3.27 per share in the prior year Net economic earnings* of $199.2 million, or $3.70 per share, up from $181.0 million, or $3.42 per share a year ago, driven by improved results across all operating segment Fiscal 2023 net economic earnings guidance range narrowed to $4.20–$4.30 per share "We delivered improved results for the second quarter, with continued strong performance from our gas marketing and midstream businesses and higher earnings from our gas utilities, despite warm winter weather," said Suzanne Sitherwood, president and chief executive officer of Spire.

Spire Reports FY23 Second Quarter Results

Spire (SR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spire (SR) Reports Next Week: Wall Street Expects Earnings Growth

ST. LOUIS , April 14, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) will host a conference call and webcast on Wednesday, May 3 to discuss our fiscal 2023 second quarter results. We will issue our earnings news release before the market opens that day, and it will be available on our website at Investors.SpireEnergy.com under the News tab.

Spire to Host Earnings Conference Call on May 3

Spire (SR) is likely to benefit from its systematic capital investments, expanding customer base and technological modernization.

Spire (SR) to Gain From Investments & Technological Upgrades

Suzanne Sitherwood to Retire as President and CEO, Effective December 31, 2023 Board of Directors Initiates CEO Search Process ST. LOUIS , March 29, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced that President and CEO Suzanne Sitherwood has informed the Board of her intention to retire from the company at the end of 2023, after serving 12 years in the role.

Spire Announces Leadership Succession Plan

I think the financial performance has been quite good. Management has rewarded shareholders with consistent dividend increases, and I think this trend can continue. The stock is about 29% cheaper than it was when I last reviewed the name, and the dividend yield is actually relatively close to the risk free rate.

Nibbling On Spire

Spire (SR) makes a strong case for investment, given its earnings growth, strong ROE and capability to increase shareholders' value.

Here's Why You Should Add Spire (SR) to Your Portfolio Now

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The near-term prospects of the Zacks Gas Distribution industry look challenging. Yet, systematic investment to strengthen infrastructure and efficiently supply natural gas to customers should drive the performance of ATO, MDU, NJR and SR.

4 Gas Distribution Stocks to Watch Despite Industry Headwinds

Spire (SR) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Spire (SR) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

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With markets poised to gyrate amid rate hike expectations, it's prudent to invest in risk-adjusted stocks like NiSource (NI), Spire (SR), Conagra Brands (CAG) and Philip Morris International (PM).

4 Safe Stocks to Buy as Wall Street Posts Worst Week in 2023

Spire's (SR) fiscal first-quarter earnings are better than expected and it raises its earnings projections for fiscal 2023, citing the strong performance of its Gas Marketing segment.

Spire (SR) Beats Q1 Earnings & Sales Estimates, Ups 2023 View

Spire Inc. (NYSE:SR ) Q1 2023 Earnings Conference Call February 1, 2023 9:00 AM ET Company Participants Scott Dudley - Managing Director, Investor Relations Suzanne Sitherwood - President and CEO Steve Lindsey - Executive Vice President and COO Steve Rasche - Executive Vice President and CFO Adam Woodard - Vice President, Treasurer and CFO of Gas Utilities Mark Darrell - Chief Legal Officer Conference Call Participants Richard Sunderland - J.P. Morgan David Arcaro - Morgan Stanley Christopher Jeffrey - Mizuho Securities Shah Pourreza - Guggenheim Partners Operator Good morning, and welcome to the Spire First Quarter Earnings Conference Call.

Spire Inc. (SR) Q1 2023 Earnings Call Transcript

Spire (SR) delivered earnings and revenue surprises of 34.78% and 51.03%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Spire (SR) Q1 Earnings and Revenues Surpass Estimates

ST. LOUIS , Feb. 1, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) today reported results for its fiscal 2023 first quarter ended December 31. Highlights include: Net income of $91.0 million ($1.66 per diluted share) compared to net income of $55.7 million, or $1.01 per share in the prior year Net economic earnings* of $85.1 million, or $1.55 per share, up from $62.6 million, or $1.14 per share a year ago, due to strong Gas Marketing results Fiscal 2023 net economic earnings guidance raised $0.10 to $4.15–$4.35 per share "The core focus for our utilities is ensuring safe and reliable service to the homes and business that rely on Spire, especially during the winter," said Suzanne Sitherwood, president and chief executive officer of Spire.

Spire Reports FY23 First Quarter Results

ST. LOUIS , Jan. 18, 2023 /PRNewswire/ -- Spire Inc. (NYSE: SR) will host a conference call and webcast on Wednesday, February 1 to discuss our fiscal 2023 first quarter results. We will issue our earnings news release before the market opens that day, and it will be available on our website at Investors.SpireEnergy.com under the News tab.

Spire to Host Earnings Conference Call on February 1

FERC determines Spire STL Pipeline is needed on a permanent basis ST. LOUIS , Dec. 15, 2022 /PRNewswire/ -- Today, the Federal Energy Regulatory Commission (FERC) reissued a permanent Certificate of Public Convenience and Necessity for the Spire STL Pipeline, ensuring continued operation of the natural gas pipeline which delivers a critical source of energy for more than 650,000 homes and businesses in eastern Missouri.

News for Spire Stock (SR)