Spire Inc
NYSE:SR
Spire Inc
Spire Inc., a stalwart of the natural gas industry, traces its roots back to the suburbs of Saint Louis, Missouri. Born out of a need to provide reliable energy to heat homes and fuel industries, the company has risen steadily through the ranks, acquiring several key players along the way to fortify its standing in the utility sector. It operates primarily as a regulated natural gas utility, serving over 1.7 million customers across the Midwest and Southeast regions of the United States. By investing diligently in infrastructure and technology, Spire ensures the safe and efficient transmission and distribution of natural gas, making certain that homes remain warm and industries powered through its integrated pipeline networks.
Beyond the domestic sphere, Spire engages in energy-related businesses such as gas storage and marketing through its subsidiaries, diversifying its revenue streams. The company’s insight into the energy markets allows it to navigate the fluctuations in gas prices and regulatory challenges seamlessly. By offering services like gas supply and optimization to other utilities and businesses, Spire capitalizes on its expertise to generate additional income. This multifaceted business model not only buffers the company against market volatility but also positions it strategically to adapt to the evolving energy landscape. Thus, Spire stands firm on its promise to deliver energy with both reliability and foresight, drawing stability from its regulated operations and growth from its ancillary ventures.
Spire Inc., a stalwart of the natural gas industry, traces its roots back to the suburbs of Saint Louis, Missouri. Born out of a need to provide reliable energy to heat homes and fuel industries, the company has risen steadily through the ranks, acquiring several key players along the way to fortify its standing in the utility sector. It operates primarily as a regulated natural gas utility, serving over 1.7 million customers across the Midwest and Southeast regions of the United States. By investing diligently in infrastructure and technology, Spire ensures the safe and efficient transmission and distribution of natural gas, making certain that homes remain warm and industries powered through its integrated pipeline networks.
Beyond the domestic sphere, Spire engages in energy-related businesses such as gas storage and marketing through its subsidiaries, diversifying its revenue streams. The company’s insight into the energy markets allows it to navigate the fluctuations in gas prices and regulatory challenges seamlessly. By offering services like gas supply and optimization to other utilities and businesses, Spire capitalizes on its expertise to generate additional income. This multifaceted business model not only buffers the company against market volatility but also positions it strategically to adapt to the evolving energy landscape. Thus, Spire stands firm on its promise to deliver energy with both reliability and foresight, drawing stability from its regulated operations and growth from its ancillary ventures.
EPS Beat: Adjusted EPS rose to $1.77 from $1.34 a year ago, reflecting strong utility performance and new rates, and was highlighted as a solid quarter.
Guidance Reaffirmed: Management reaffirmed 2026 adjusted EPS guidance of $5.25–$5.45 and 2027 of $5.65–$5.85, along with a long-term EPS growth target of 5% to 7%.
Tennessee Acquisition: The Piedmont Tennessee acquisition is on track to close in calendar Q1 2026, with integration planning underway.
Storage Sale Update: Review of natural gas storage asset sales is ongoing, with an announcement expected later this quarter; strong market interest remains.
Cost and Capital Discipline: Continued focus on cost management and customer affordability, with CapEx of $230 million for the quarter and a 10-year, $11.2 billion capital plan targeting utility growth.
Strong Operations: Utilities performed well during extreme winter weather, meeting all customer obligations and benefiting from effective hedging strategies.
