Spire

Spire Inc. operates as a public utility holding company, which provides natural gas service through its utility operations while engaging in non-regulated activities. It operates through the Gas Utility and Gas Marketing Business segments. The Gas Utility segment includes the regulated operations of Laclede Gas Company and Alabama Gas Corporation. The Gas Marketing segment includes Laclede Energy Resources, Inc., a subsidiary engaged in the marketing of natural gas and related activities on a non-regulated basis. The company also engages in other businesses, including the transportation of liquid propane, real estate development, the compression of natural gas, financial investments in other enterprises, propane sales transactions, propane storage, and related services, and merchandise sales business. Spire was founded in 1857 and is headquartered in St. Louis, MO.

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Spire reports robust Q1 earnings, navigates challenges for sustainable growth

Spire's Q1 2023 earnings call highlighted strong financial performance, strategic focus on natural gas, and commitment to safety and service quality. The company faces challenges in managing analyst queries, maintaining financial ratios, and addressing legal issues, but also sees opportunities in leveraging operational excellence and industry advocacy for future growth.

Spire reports strong earnings growth amidst weather challenges and Moody's outlook shift

Spire's Q2 2023 performance showed growth in net economic earnings and Gas Utility earnings, despite challenges from a warm winter.
The company's strategic strengths lie in its capital investment targets, regulatory support, and successful execution of plans.
Challenges include weather impacts on gas utilities and Moody's negative outlook on Alabama, while opportunities arise from investments and lower gas prices.
Overall, Spire's focus on sustainability, financial stability, and growth initiatives position it for long-term success in the energy sector.

Spire reports Q3 loss, eyes 2024 rebound amid challenges

Spire faces challenges from lower demand and high costs but is strategically positioned for growth in 2024.
Efforts towards regulatory recovery, governance oversight, and capital investments are strengths for the company.
Revised earnings guidance and financing forecast pose challenges amidst opportunities for growth.
Overall, Spire remains confident in its ability to rebound in 2024 and beyond.

Spire exceeds earnings expectations, plans utility investment for growth

Spire's strong financial performance in FY '23 and optimistic guidance for FY '24 indicate a positive outlook for the company.
While facing challenges in managing costs and driving earnings growth, Spire's strategic focus on value creation and infrastructure investment bodes well for future success.
Investors can look forward to potential growth opportunities as Spire aims to deliver on its financial targets and enhance shareholder value through prudent capital allocation.

Spire reports steady Q1 earnings amidst weather challenges and acquisitions

Spire Inc. navigated challenges from extreme weather to deliver resilient earnings performance in Q1 2024. Despite lower earnings compared to the previous year, the company remains focused on growth through strategic acquisitions and capital investments, while managing expenses efficiently.

Spire reports Q2 earnings dip, eyes growth in gas utilities

Spire's Q2 performance reflected a slight decline in earnings per share but maintained a positive growth outlook for the future.
The company's strategic strengths in capital investments, sustainable energy focus, and operational optimization were key highlights.
Challenges from lower usage, weather impacts, and regulatory issues were acknowledged, with opportunities seen in growth outlook and infrastructure development.

Spire reports improved Q3 earnings, focuses on cost efficiency

Spire anticipates earnings per share between $4.15 and $4.25 for the fiscal year, with savings expected to offset headwinds. The company is confident in long-term net economic earnings per share growth target of 5% to 7%. No plans to slow dividend growth, targeting a 15% to 16% FFO to debt ratio.

Spire reports increased earnings, extends capital plan for growth

Spire's fiscal 2024 performance reflects growth in adjusted earnings and a commitment to shareholder returns through dividend increases. The company's strategic focus on gas utilities modernization and regulatory approvals position it well for long-term growth despite market challenges.

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Spire, Inc. (NYSE:SR ) Q2 2024 Earnings Conference Call May 1, 2024 9:00 AM ET Company Participants Megan McPhail - Managing Director of Investor Relations Steve Lindsey - President and Chief Executive Officer Scott Doyle - Executive Vice President, Chief Operating Officer Steven Rasche - Executive Vice President, Chief Financial Officer Adam Woodard - Vice President and Treasurer Conference Call Participants Richard Sunderland - JPMorgan Jamieson Ward - Guggenheim Partners Christopher Jeffrey - Mizuho Securities Operator Good day and welcome to the Spire Fiscal 2024 Second Quarter Earnings Call. All participants will be in listen-only mode.

Spire, Inc. (SR) Q2 2024 Earnings Call Transcript

The headline numbers for Spire (SR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Spire (SR) Q2 Earnings: A Look at Key Metrics

Spire's (SR) fiscal second-quarter earnings decline year over year, while revenues increase. Total operating expenses decline during the same period.

Spire (SR) Q2 Earnings Lag Estimates, Revenues Rise Y/Y

Spire (SR) came out with quarterly earnings of $3.45 per share, missing the Zacks Consensus Estimate of $3.86 per share. This compares to earnings of $3.70 per share a year ago.

Spire (SR) Q2 Earnings Miss Estimates

ST. LOUIS , May 1, 2024 /PRNewswire/ -- Spire Inc. (NYSE: SR) today reported results for its fiscal 2024 second quarter ended March 31. Highlights include: Net income of $204.3 million ($3.58 per share) compared to $179.2 million ($3.33 per share) a year ago Net economic earnings* (NEE) of $196.6 million ($3.45 per share) compared to $199.2 million ($3.70 per share) a year ago Reaffirmed fiscal 2024 net economic earnings guidance range of $4.25–$4.45 per share For fiscal 2024 second quarter, Spire reported consolidated net economic earnings per share of $3.45 compared to $3.70 a year ago.

Spire Reports FY24 Second Quarter Results

Spire (SR) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Spire (SR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

ST. LOUIS , April 16, 2024 /PRNewswire/ -- Spire Inc. (NYSE: SR) will host a conference call and webcast on Wednesday, May 1 to discuss fiscal 2024 second quarter results. A news release will be issued before the market opens that day and will be available at Investors.SpireEnergy.com under the News tab.

Spire to host FY24 second quarter earnings conference call on May 1

Spire (SR) is expected to benefit from its systematic investment plan, technological upgrades and higher demand from its expanding customer base.

Spire (SR) to Gain From Investments and Expanding Customer Base

ST. LOUIS, April 1, 2024 /PRNewswire/ -- The board of directors of Spire Inc. (NYSE: SR) announced that it has increased the size of the board from 9 members to 10 and elected Sheri S. Cook as its newest member, effective April 1, 2024.

Spire Elects Sheri S. Cook to Board of Directors

Spire (SR) is expected to benefit from its systematic investment plan, cost management and higher demand from its expanding customer base.

Spire (SR) to Gain From Investments and Cost Management

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5 Mid-Cap Stocks That Also Pay The Highest Dividends

Successfully Remarkets Senior Notes ST. LOUIS , Feb. 5, 2024 /PRNewswire/ -- Spire Inc. (NYSE: SR) announced today that it has priced a registered underwritten public offering (the "Offering") of an aggregate principal amount of $350 million of its 5.300% Senior Notes due 2026 (the "2026 Notes"), of which $175 million will be sold by Spire and $175 million will be sold by certain selling securityholders.

Spire Prices $350 Million Debt Offering

ST. LOUIS , Feb. 5, 2024 /PRNewswire/ -- Spire Inc. (NYSE: SR) announced today that it has commenced a registered underwritten public offering (the "Offering") of an aggregate principal amount of $300 million of its Senior Notes due 2026 (the "2026 Notes"), of which $125 million are being offered by Spire and $175 million are being offered by certain selling securityholders. Spire is concurrently remarketing $175 million principal amount of its 2021 Series A 0.75% Remarketable Senior Notes due 2026, which were originally issued as part of an offering of corporate units in February 2021.

Spire Announces Launch of $300 Million Debt Offering

Spire Inc. (SR) Q1 2024 Earnings Call Transcript

Spire's (SR) fiscal first-quarter earnings and revenues decline year over year. Total operating expenses decline during the same period.

Spire (SR) Q1 Earnings Surpass Estimates, Sales Fall Y/Y

While the top- and bottom-line numbers for Spire (SR) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Spire (SR) Reports Q1 Earnings: What Key Metrics Have to Say

Spire (SR) came out with quarterly earnings of $1.47 per share, beating the Zacks Consensus Estimate of $1.37 per share. This compares to earnings of $1.55 per share a year ago.

Spire (SR) Q1 Earnings and Revenues Beat Estimates

ST. LOUIS , Feb. 1, 2024 /PRNewswire/ -- Spire Inc. (NYSE: SR) today reported results for its fiscal 2024 first quarter ended December 31, including: Net income of $85.1 million ($1.52 per share) compared to $91.0 million ($1.66 per share) in the prior year Net economic earnings* (NEE) of $82.7 million ($1.47 per share) compared to $85.1 million ($1.55 per share) a year ago Affirmed fiscal 2024 NEE expectation of $4.25–$4.45 per share "During the first quarter, we delivered solid operational and financial results driven by growth in the Gas Utility segment. When extreme cold weather recently covered our entire service territory, our dedicated employees demonstrated their strong commitment to delivering safe, reliable and affordable energy to customers," said Steve Lindsey, president and chief executive officer of Spire.

Spire Reports FY24 First Quarter Results

Spire's (SR) Q1 earnings are likely to have benefited from cost management, a reduction in interest expenses and the implementation of new rates.

Spire (SR) to Report Q1 Earnings: What's in the Offing?

ST. LOUIS , Jan. 26, 2024 /PRNewswire/ -- The Spire Inc. (NYSE: SR) board of directors declared a quarterly common stock dividend of $0.755 per share, payable April 2, 2024, to shareholders of record on March 11, 2024. Spire has continuously paid a cash dividend since 1946, with 2024 marking the Company's 21st consecutive year of increasing its common stock dividend on an annualized basis.

Spire Declares Dividend

ST. LOUIS , Jan. 25, 2024 /PRNewswire/ -- The board of directors of Spire Inc. (NYSE: SR) announced that it has elected Rob L. Jones as board chair, effective January 25, 2024.

Rob L. Jones elected board chair of Spire Inc.

There has been a lot of focus on the tech sector, a lot of growth opportunities at low prices, and valuations have appeared in sectors like utilities. Spire Inc. is a utility company with a large asset base and low trading levels, making it a great buying opportunity. SR operates in the acquisition, distribution, and sale of natural gas, with stable revenues and potential for growth.

Spire Inc.: Valuation And Yield Are Too Good To Pass On Here

CorEnergy Infrastructure Trust

Businesses join Spire's existing midstream infrastructure. ST. LOUIS , Jan. 19, 2024 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced it has completed its acquisition of MoGas Pipeline (MoGas), an interstate natural gas pipeline, and Omega Pipeline (Omega), a connected gas distribution system, from CorEnergy Infrastructure Trust, Inc. (OTC: CORR, CORRL).

Spire completes acquisition of MoGas and Omega pipeline systems

KANSAS CITY, Mo.--(BUSINESS WIRE)---- $CORR--CorEnergy Infrastructure Trust, Inc. (OTC: CORR, CORRL) ("CorEnergy" or the "Company") today closed the sale of its MoGas and Omega pipeline systems (together, the “MoGas System”) to Spire Midstream, a subsidiary of Spire Inc. (NYSE: SR). The MoGas System is an interstate natural gas transmission and distribution system providing service to markets in Missouri and Illinois. Transaction Highlights All-cash transaction for $175 million, plus working capital adju.

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