Spire (NYSE:SR) Issues Earnings Results, Beats Estimates By $0.04 EPS

Spire (NYSE:SR) released its quarterly earnings data on Wednesday. The utilities provider reported $3.76 earnings per share for the quarter, beating the consensus estimate of $3.72 by $0.04, FiscalAI reports. Spire had a net margin of 10.95% and a return on equity of 9.43%. The firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the prior year, the business earned $3.60 EPS. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year.

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 Down 3.7%

Shares of SR traded down $3.30 during trading hours on Wednesday, hitting $86.51. 596,429 shares of the company were exchanged, compared to its average volume of 368,727. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.45 and a current ratio of 0.61. The company has a market cap of $5.11 billion, a PE ratio of 18.78, a PEG ratio of 1.48 and a beta of 0.56. The firm’s 50 day moving average is $91.44 and its 200-day moving average is $87.61. Spire has a 52 week low of $69.94 and a 52 week high of $95.31.

Spire Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th will be paid a dividend of $0.825 per share. This represents a $3.30 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Thursday, June 11th. Spire’s dividend payout ratio is 71.74%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Spire

A number of large investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LLC lifted its stake in shares of Spire by 8.1% in the fourth quarter. Corient Private Wealth LLC now owns 2,882 shares of the utilities provider’s stock worth $238,000 after buying an additional 216 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its stake in Spire by 4.7% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 7,077 shares of the utilities provider’s stock valued at $585,000 after buying an additional 320 shares during the last quarter. EP Wealth Advisors LLC bought a new position in Spire in the 4th quarter worth $551,000. Mackenzie Financial Corp lifted its position in Spire by 224.2% during the 4th quarter. Mackenzie Financial Corp now owns 11,903 shares of the utilities provider’s stock worth $987,000 after acquiring an additional 8,231 shares during the last quarter. Finally, Empowered Funds LLC acquired a new position in Spire during the 4th quarter worth $150,000. Institutional investors own 87.36% of the company’s stock.

About Spire

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.