Spire Inc. (SR)

Spire Inc.'s stock price increased by 15.37% between April 2, 2025, and April 1, 2026, hitting a new 52-week high of $94.46 in early April 2026. In November 2025, Spire reported its fiscal year 2025 results, showing a 7.5% increase in adjusted earnings per share (EPS) to $4.44, but the fiscal fourth quarter saw a consolidated net loss of $39.8 million. In March 2026, Spire announced the sale of its gas marketing business to Boardwalk Pipelines LP for $215 million in cash and completed the acquisition of Duke Energy's Tennessee Piedmont Natural Gas business, adding approximately 205,000 new customers in Tennessee. Analyst sentiment for Spire Inc. is generally positive, with a consensus 'Buy' or 'Moderate Buy' rating and price targets up to $100-$106 from several firms.

Demand for Spire Inc.'s natural gas products and services is seasonal, with the Gas Utility segment being particularly subject to fluctuations. Natural gas demand typically incurs a loss in the fiscal fourth quarter due to the seasonal nature of heating demand, while demand is generally higher during colder months. The company's midstream and storage operations play a crucial role in balancing this seasonal demand. Rising electricity demand, partly driven by data centers, is also contributing to increased natural gas consumption for power generation.

Spire Inc. operates in the Utilities sector, focusing on Natural Gas Utilities and Regulated Gas. The company operates through three segments: Gas Utility, which provides regulated natural gas distribution to approximately 1.7 million customers; Gas Marketing, which offers non-regulated natural gas marketing services; and Midstream, which is involved in natural gas transportation and storage. Spire Inc. is also involved in propane operations, risk management, and other related activities.

Spire Inc.'s operations are concentrated in the Midwestern and Southeastern United States, serving natural gas customers in Missouri, Alabama, and Mississippi. The company recently expanded into Tennessee with the acquisition of Piedmont Natural Gas's Tennessee business. Spire's midstream and marketing operations extend across broader U.S. regions, including natural gas storage facilities in Mississippi and Oklahoma.

Spire Inc. has maintained a strong positive brand reputation, particularly in ESG. For the sixth consecutive year, Spire was named one of 'America's Most Responsible Companies' by Newsweek, ranking 252nd among the top 600 U.S. companies. The company's 'Spire Serves' initiative and 'Day for Good' employee volunteer program further contribute to its positive social reputation.

Spire Inc. has significant institutional ownership, with 369 institutional owners holding a total of 52,755,425 shares as of April 9, 2026, collectively holding 92.9% of Spire's outstanding shares as of December 2025. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and State Street Corp. The largest individual shareholder is Robert P. Stupp, owning 1.16 million shares, which constitutes 1.97% of the company as of 2025.