Spire (NYSE:SR) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Spire (NYSE:SR) announced its earnings results on Wednesday. The utilities provider reported $3.76 earnings per share for the quarter, topping analysts’ consensus estimates of $3.72 by $0.04, FiscalAI reports. The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.07 billion. Spire had a net margin of 13.97% and a return on equity of 9.49%. Spire’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.60 earnings per share.

Here are the key takeaways from Spire’s conference call:

• Completed the Spire Tennessee acquisition on March 31, adding more than 200,000 customers in the greater Nashville area, with the transaction fully funded without issuing common equity and integration already underway.
• Divested non-core assets—Marketing (closed April 30) and announced sales of Storage and Spire Mississippi—to raise proceeds that funded the Tennessee purchase and simplify Spire into a fully regulated utility-focused company.
• Reported Q2 continuing-operations adjusted EPS of $3.76 (vs. $3.17 prior year), reaffirmed FY2026 guidance of $3.90–$4.10, and maintained a 5%–7% long-term EPS growth target supported by an $11.2 billion 10-year capital plan.
• An unusually mild and uneven winter produced materially lower Missouri usage and a margin shortfall, prompting an Accounting Authority Order filing with the Missouri PSC (hearing set for Sept. 9) and driving a reduction in near-term gas utility guidance.
• Full-year 2026 capital expenditures are expected to be $797 million (H1 $386 million), and management lowered its FFO-to-debt target to 14%–15% to align with the more concentrated regulated business profile.

Spire Stock Up 0.1%

Shares of SR stock traded up $0.09 during trading hours on Friday, reaching $85.61. The company had a trading volume of 36,267 shares, compared to its average volume of 375,124. Spire has a 12 month low of $69.94 and a 12 month high of $95.31. The company has a debt-to-equity ratio of 1.69, a current ratio of 0.55 and a quick ratio of 0.45. The business has a fifty day simple moving average of $91.26 and a 200-day simple moving average of $87.62. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.41 and a beta of 0.56.

Spire Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a $0.825 dividend. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $3.30 annualized dividend and a dividend yield of 3.9%. Spire’s dividend payout ratio is 71.74%.

Wall Street Analysts Forecast Growth

SR has been the subject of a number of recent analyst reports. TD Cowen started coverage on Spire in a report on Thursday, April 16th. They set a “hold” rating and a $101.00 price target for the company. Jefferies Financial Group reissued a “buy” rating and issued a $99.00 price objective on shares of Spire in a research note on Wednesday, January 21st. Morgan Stanley restated an “overweight” rating and set a $102.00 target price on shares of Spire in a research report on Tuesday, April 21st. Weiss Ratings upgraded Spire from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Finally, Stifel Nicolaus boosted their price target on Spire from $81.00 to $87.00 and gave the company a “hold” rating in a research note on Wednesday, January 28th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $95.11.

Institutional Investors Weigh In On Spire

Several institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management LLC bought a new position in Spire during the 4th quarter valued at $25,000. Headlands Technologies LLC bought a new stake in shares of Spire in the 2nd quarter worth $38,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of Spire in the fourth quarter valued at about $43,000. Smartleaf Asset Management LLC raised its holdings in shares of Spire by 40.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 519 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 149 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted 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 valued at $45,000 after purchasing an additional 557 shares in the last quarter. Institutional investors own 87.36% of the company’s stock.

Spire Company Profile

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.