Spire (NYSE:SR) Issues Earnings Results

Spire (NYSE:SR) announced its quarterly earnings results on Wednesday. The utilities provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.06, FiscalAI reports. Spire had a return on equity of 9.49% and a net margin of 13.97%.The company had revenue of $420.20 million for the quarter, compared to the consensus estimate of $394.62 million. During the same quarter last year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 19.2% compared to the same quarter last year. Spire updated its FY 2026 guidance to 3.900-4.100 EPS.

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

• Fiscal 2026 and 2027 EPS guidance was reaffirmed at $3.90–$4.10 and $5.40–$5.60, respectively, alongside the long-term 5%–7% adjusted EPS growth target.
• Spire completed the divestitures of its marketing and storage businesses, creating a more focused, fully regulated utility profile that management says should reduce earnings volatility and improve predictability.
• The company is advancing an approximately $11.2 billion 10-year capital plan, supporting projected rate-base growth of roughly 7% and nearly $800 million of utility capital expenditures in fiscal 2026.
• Regulatory proceedings remain important catalysts, including Alabama RSE renewal hearings, Spire Tennessee’s requested $14 million revenue increase, and a planned Missouri future-test-year rate case in November 2026; management expects a potential Missouri-related EPS step-up in 2028.
• Third-quarter adjusted results remained a loss of $0.26 per share, while higher bad debt, depreciation, taxes, interest expense, and corporate costs weighed on performance despite improvement in the gas utility segment.

Spire Stock Performance

NYSE:SR opened at $80.83 on Thursday. The firm’s 50-day moving average is $80.27 and its 200-day moving average is $85.98. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.77 and a beta of 0.52. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.48 and a current ratio of 0.55. Spire has a 52-week low of $73.91 and a 52-week high of $95.31.

Spire Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $0.825 per share. The ex-dividend date is Friday, September 11th. This represents a $3.30 annualized dividend and a dividend yield of 4.1%. Spire’s payout ratio is presently 58.00%.

Insider Activity

In other news, Director Paul D. Koonce purchased 500 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was purchased at an average price of $78.46 per share, with a total value of $39,230.00. Following the acquisition, the director directly owned 8,000 shares in the company, valued at approximately $627,680. The trade was a 6.67% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Ryan L. Hyman sold 3,822 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total value of $307,709.22. Following the completion of the sale, the senior vice president owned 14,295 shares of the company’s stock, valued at $1,150,890.45. This represents a 21.10% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders purchased 3,000 shares of company stock valued at $251,100. 2.26% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in Spire by 115.6% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,419 shares of the utilities provider’s stock worth $200,000 after purchasing an additional 1,297 shares in the last quarter. Kestra Advisory Services LLC bought a new position in Spire during the fourth quarter worth about $71,000. Empowered Funds LLC acquired a new stake in Spire during the fourth quarter valued at approximately $150,000. Parallel Advisors LLC boosted its holdings in Spire by 16.5% during the fourth quarter. Parallel Advisors LLC now owns 1,136 shares of the utilities provider’s stock valued at $94,000 after purchasing an additional 161 shares in the last quarter. Finally, CIBC Private Wealth Group LLC bought a new stake in shares of Spire in the 3rd quarter valued at approximately $108,000. 87.36% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SR has been the topic of a number of research analyst reports. TD Cowen assumed coverage on shares of Spire in a research note on Thursday, April 16th. They issued a “hold” rating and a $101.00 target price on the stock. Wells Fargo & Company began coverage on shares of Spire in a research report on Monday, May 11th. They set an “overweight” rating and a $96.00 target price for the company. Wall Street Zen downgraded Spire from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Morgan Stanley reissued an “overweight” rating on shares of Spire in a research report on Wednesday, July 22nd. Finally, Mizuho began coverage on Spire in a research note on Tuesday, July 7th. They set an “outperform” rating and a $88.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.50.

Key Headlines Impacting Spire

Here are the key news stories impacting Spire this week:

• Positive Sentiment: Spire reported fiscal third-quarter revenue of $420.2 million, up 19.2% year over year and above the roughly $394.6 million consensus estimate. Its adjusted loss of $0.26 per share also compared favorably with the $0.32-per-share loss expected by some analysts. Spire quarterly earnings results
• Positive Sentiment: Management reaffirmed fiscal 2026 adjusted EPS guidance of $3.90 to $4.10, broadly in line with the $4.02 consensus estimate, and maintained fiscal 2027 guidance of $5.40 to $5.60. The company also kept its long-term adjusted earnings growth target at 5% to 7%, reducing the risk of a near-term guidance cut. Spire reports fiscal 2026 third-quarter results
• Positive Sentiment: Spire completed the divestitures of its Spire Marketing and Spire Storage businesses. The transactions may sharpen the company’s focus on its regulated gas utility operations and generated a substantial after-tax gain on sale. Spire fiscal third-quarter results
• Neutral Sentiment: Reported net income rose to $211.2 million from $20.9 million, but the increase was largely attributable to the $254.6 million after-tax divestiture gain rather than recurring operations. Spire fiscal third-quarter results
• Negative Sentiment: Net loss from continuing operations widened to $42.6 million, or $0.72 per diluted share, from a $13.3 million loss a year earlier. Higher operating and interest expenses offset gains from the utility business, highlighting ongoing cost and leverage pressures. Spire’s third-quarter loss

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.