Spire Inc. (SR)

Over the past six months, Spire Inc. has experienced several notable stock events. In July 2025, Spire agreed to acquire Duke Energy's Tennessee Distribution Unit for $2.48 billion. Spire reported its fiscal 2025 third-quarter results on August 5, 2025, with a net income of $20.9 million. On November 13, 2025, Spire reported its fiscal year 2025 adjusted earnings per share of $4.44. On July 31, 2025, Spire's board declared a quarterly common stock dividend of $0.785 per share. On November 13, 2025, the board increased the annual common stock dividend to $3.30 per share. In November 2024, Spire rolled out its 10-year capital expenditure plan forward to 2034, increasing it to $7.4 billion. Spire's stock has delivered a 25.24% change over the past year, with a 52-week range between $65.49 and $91.11.

Demand for Spire Inc.'s natural gas products and services is seasonal, primarily driven by weather conditions. The Gas Utility segment experiences higher demand during colder months for heating purposes. The company's earnings can reflect this seasonality, and Spire Marketing manages supply portfolios to ensure utility reliability.

Spire Inc. is a public utility holding company in the natural gas industry, operating in the Utilities sector. Its core business involves the purchase, retail distribution, and sale of natural gas to various end-users in the United States. The company operates through three segments: Gas Utility Operations, which focuses on regulated natural gas distribution services; Gas Marketing, which provides non-regulated natural gas supply and risk management services; and Midstream, which includes natural gas storage and pipeline transportation.

Spire Inc. serves approximately 1.7 million customers across Missouri, Alabama, and Mississippi. In Missouri, it serves areas including the City of St. Louis, St. Louis County, and St. Charles County. In Alabama, Spire serves central and northern regions, including areas like Greater Birmingham, Montgomery, and Mobile. In Mississippi, it operates in areas such as Hattiesburg. The company is set to expand its footprint with the acquisition of Duke Energy's Tennessee Distribution Unit, adding over 200,000 customers.

Spire Inc. has maintained a positive brand reputation, particularly in corporate social responsibility and sustainability. Spire was named one of "America's Most Responsible Companies" by Newsweek for the sixth consecutive year in December 2024. Spire is committed to being a carbon-neutral company by mid-century and has reduced its CO2e emissions and methane emissions. Through its "Spire Serves" initiative, the company supported numerous organizations across its service territories.

Spire Inc.'s ownership is predominantly institutional, with institutional investors holding a significant portion of the company's stock. Major institutional owners include BlackRock, Inc., Vanguard Group Inc, and State Street Corp. Insider ownership is generally under 1% of the company. Robert P. Stupp is a significant individual shareholder, owning 1.16 million shares. The general public holds approximately 12% to 19.77% of the company's stock.