Spire Inc.

Spire Inc.

SR
Spire Inc.US flagNew York Stock Exchange
80.20
USD
-1.27
- -
4.74BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
39.27
45.45
45.75
34.86
37.12
40.02
38.51
36.24
43.32
42.28
50.79
46.22
42.33
42.99
Basic EPS, GAAP
2.04
2.36
3.17
3.27
3.45
4.36
3.54
1.44
4.98
3.96
3.86
4.21
4.39
9.01
Free Cash Flow per Basic Share
6.33
3.42
7.46
7.44
6.15
9.3
8.89
9.18
4.84
1.06
8.38
16.26
9.88
10.32
Dividend per Share
1.64
1.73
1.83
1.93
2.05
2.21
2.41
2.79
2.87
3.01
3.15
3.24
3.37
3.43
Book Value per Share
32
34.93
36.31
38.73
41.26
44.51
45.14
44.18
46.75
48.83
50.29
51.79
53.32
60.61
Tangible Book Value per Share
24.44
13.21
14.48
13.22
16.98
21.39
22.16
21.48
24.08
26.51
28.27
31.5
33.47
28.55
Basic Weighted Avg Shares
26
36
43
44
47
49
51
51
52
52
52
56
58
59
Sales/Revenue/Turnover
1,017
1,627
1,976
1,537
1,741
1,965
1,952
1,855
2,236
2,198
2,666
2,593
2,476
2,536
Operating Margin (%)
9.49
10.23
13.79
18.36
19.58
14.97
15.48
19.13
20.14
18.57
15.7
18.83
21.16
19.71
Depreciation Expense
49
83
131
138
154
168
182
197
213
237
255
278
298
341
Net Income, GAAP
53
85
137
144
162
214
185
89
272
221
218
251
272
549
Effective Tax Rate (%)
25
27.63
31.24
32.52
32.44
- -
15.75
12.28
20.14
21.06
15.14
18.96
18.01
16.26
Profit Margin (%)
5.19
5.2
6.93
9.38
9.28
10.9
9.46
4.78
12.15
10.04
8.16
9.68
10.97
21.63
Working Capital
123
-158
-324
-592
-372
-662
-854
-859
-292
-762
-678
-933
-1,741
-1,343
LT Debt
913
1,851
1,772
1,821
1,995
1,900
2,083
2,424
2,939
2,958
3,554
3,704
3,369
5,758
Total Equity
1,046
1,508
1,574
1,768
1,991
2,255
2,543
2,522
2,668
2,818
2,917
3,233
3,389
3,583
Return on Invested Capital (%)
4.68
4.16
4.97
4.7
5.17
- -
4.89
5.56
5.92
4.74
4.78
5.03
5.14
4.31
Return on Capital (%)
4.89
4.16
5.08
4.91
5.04
- -
5.3
3.27
5.95
4.7
5.11
5.34
5.33
8.04
Return on Common Equity (%)
6.41
6.62
8.88
8.63
8.6
10.09
7.87
3.22
10.94
8.27
7.74
8.33
8.37
15.59

Capital Structure

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
ST Debt
900
2,193
1,502
LT Borrowings
4,449
5,762
5,758
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
242
- -
- -
Shares Outstanding
59
59
59
Market Capitalization
4,887
5,352
4,616

Working Capital

FRC

in mil. unless spec.
Dec'26
Mar'26
Jun'26
Total Current Assets
1,038
1,588
790
Cash, Cash Equivalents & STI
4
50
21
Accounts Receivable, Net
426
400
229
Inventories
260
182
210
Total Current Liabilities
1,713
2,910
2,132
Payables & Accruals
403
308
337
ST Debt
900
2,193
1,502
Deferred Revenue
83
49
56

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.08%
6.12%
4.85%
Free Cash Flow
69.72%
129.23%
-36.65%
Net Income, GAAP
19.42%
42.02%
8.29%
Sales/Revenue/Turnover
3.12%
6.57%
-4.5%
Total Cash Common Dividend
8.75%
7.34%
9.04%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
757
1,128
414
294
2,593
2025
669
976
352
334
2,476
2026
762
1,020
420
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.52
3.59
-0.28
-0.51
4.21
2025
1.34
3.53
0.29
-0.74
4.39
2026
1.55
4.62
3.58
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.79
0.81
0.82
0.81
3.24
2025
0.84
0.84
0.84
0.85
3.37
2026
0.86
0.89
0.83
- -
- -

Company Description

CEO
Scott E. Doyle
Full Time Employees
3,497
Sector
Utilities
Industry
Regulated Gas
Address
700 Market Street St. Louis MO United States of America 63101
IPO Date
Feb 21, 1973
Business
Spire Inc. (NYSE: SR) is a public utility holding company that, together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to approximately 1.7 million residential, commercial, industrial, and wholesale customers primarily in Missouri, Alabama, and Mississippi; the company operates through three main segments including Gas Utility, which encompasses regulated operations such as Spire Missouri Inc., Spire Alabama Inc., and other gas utilities providing natural gas distribution services; Gas Marketing, through Spire Marketing, which offers non-regulated natural gas marketing, risk management, and related services across the central and southern United States; and Midstream, which includes Spire STL Pipeline, Spire MoGas Pipeline, Spire Storage West, and Spire Storage Salt Plains, focusing on the transportation, storage, and propane pipeline operations of natural gas. Founded in 1857 as the Gas Light Company of St. Louis and headquartered at 700 Market Street in St. Louis, Missouri, the company, formerly known as The Laclede Group, Inc., rebranded to Spire Inc. in April 2016 following acquisitions such as Missouri Gas Energy in 2013 and Alabama Gas Corporation (now Spire Alabama) in 2014 that expanded its footprint. In a significant recent development, Spire Inc. announced in July 2025 an agreement to acquire the Tennessee local distribution business of Piedmont Natural Gas, a Duke Energy subsidiary, for $2.48 billion on a cash-free, debt-free basis, marking its expansion into Tennessee with nearly 3,800 miles of pipelines serving the fast-growing Nashville metro area and creating a new Spire Tennessee unit to boost its regulated customer base toward two million; the transaction, supported by a committed bridge facility from BMO Capital Markets and planned permanent financing via debt, equity, hybrids, and potential non-utility asset sales like storage facilities, aligns with Spire's growth strategy in constructive regulatory environments. Spire Inc. continues to emphasize system integrity investments, customer growth, and operational efficiencies, reporting fiscal 2025 adjusted earnings per share of $4.44, up from $4.13 in 2024, while maintaining about 3,475 employees and serving high-growth regions through its integrated utility and non-utility activities.

Company News

  • Greenland Capital Management LP Boosts Stock Position in Spire Inc. $SR

  • Why Is Spire (SR) Up 3.1% Since Last Earnings Report?

  • Can SR's Strategic Investments Support Sustainable Long-Term Growth?

  • Spire Global Awarded $28 Million NOAA Contract to Advance Hyperspectral Microwave Sounding Technology

  • Great Lakes Advisors LLC Invests $571,000 in Spire Inc. $SR

  • Bank of America Corp DE Has $34.92 Million Position in Spire Inc. $SR

  • Spire Global Awarded $3.7 Million NOAA Contract for Satellite Weather Data

  • Spire Global Q2 Earnings Call Highlights

  • Spire Global Announces Second Quarter 2026 Results; Reaffirms Full-Year Revenue Guidance

  • Spire Q3 Earnings Call Highlights

  • Spire Q3 Earnings Call Highlights

  • Spire Inc. (SR) Q3 2026 Earnings Call Transcript

  • Spire's Q3 Loss Wider Than Estimates, Revenues Decrease Y/Y

  • Spire (SR) Reports Q3 Loss, Beats Revenue Estimates

  • Spire reports FY26 third quarter results

  • Spire Global Awarded $3 Million NOAA Contract Extension for Hyperspectral Microwave Sounder Data

  • Head to Head Analysis: EverGen Infrastructure (OTCMKTS:EVGIF) versus Spire (NYSE:SR)

  • Spire declares dividend

  • Spire (SR) Expected to Beat Earnings Estimates: Should You Buy?

  • Spire Global: Growth Set To Surge On The Back Of New Products