Spire (NYSE:SR) Announces Quarterly Earnings Results

Spire (NYSE:SR) posted its quarterly earnings data on Tuesday. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.62 by $0.15, Briefing.com reports. The company had revenue of $762.20 million for the quarter, compared to analyst estimates of $785.54 million. Spire had a net margin of 10.95% and a return on equity of 9.43%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. 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 Spire stock traded up $0.77 during trading hours on Thursday, reaching $84.95. The company’s stock had a trading volume of 36,447 shares, compared to its average volume of 380,358. Spire has a one year low of $69.94 and a one year high of $91.11. The company’s 50 day simple moving average is $83.54 and its 200 day simple moving average is $81.73. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.21 and a current ratio of 0.61. The stock has a market cap of $5.02 billion, a P/E ratio of 18.47, a price-to-earnings-growth ratio of 1.34 and a beta of 0.67.

Spire Dividend Announcement

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 dividend of $0.825 per share. This represents a $3.30 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, March 11th. Spire’s dividend payout ratio is 71.74%.

Hedge Funds Weigh In On Spire

Several institutional investors have recently made changes to their positions in SR. Headlands Technologies LLC acquired a new position in Spire during the 2nd quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Spire by 1,031.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 611 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 557 shares during the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Spire during the second quarter worth about $48,000. Parallel Advisors LLC increased its holdings in shares of Spire by 24.2% in the 3rd quarter. Parallel Advisors LLC now owns 975 shares of the utilities provider’s stock worth $80,000 after acquiring an additional 190 shares during the period. Finally, CIBC Private Wealth Group LLC bought a new stake in Spire in the 3rd quarter valued at about $108,000. 87.36% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on SR shares. Jefferies Financial Group reiterated a “buy” rating and issued a $99.00 price objective on shares of Spire in a report on Wednesday, January 21st. BTIG Research raised Spire to a “strong-buy” rating in a research report on Wednesday, October 22nd. Bank of America raised Spire from an “underperform” rating to a “neutral” rating and increased their price target for the company from $76.00 to $89.00 in a report on Wednesday, October 29th. UBS Group lifted their price objective on Spire from $95.00 to $100.00 and gave the stock a “buy” rating in a report on Wednesday, December 17th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spire in a research report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $89.36.

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.