Spire (NYSE:SR) Posts Earnings Results, Beats Expectations By $0.15 EPS

Spire (NYSE:SR) announced its quarterly earnings results on Tuesday. The utilities provider reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.15, Briefing.com reports. The business had revenue of $762.20 million for the quarter, compared to the consensus estimate of $785.54 million. Spire had a return on equity of 8.78% and a net margin of 10.96%.The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. Spire updated its FY 2027 guidance to 5.650-5.850 EPS and its FY 2026 guidance to 5.250-5.450 EPS.

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

• Adjusted EPS of $1.77 in Q1 (up from $1.34 a year ago), driven mainly by stronger gas utility results with contributions from marketing and midstream.
• Management is reaffirming 2026 guidance of $5.25–$5.45 and 2027 guidance of $5.65–$5.85 per share, and maintains a long‑term adjusted EPS growth target of 5%–7%.
• The Tennessee acquisition is progressing (HSR clear, Tennessee PUC approval pending); financing (including $900M JSNs and $825M senior notes) is structured to preserve credit ratings and expects minimal common equity use, with an 18‑month transition services agreement planned.
• Evaluation of potential natural gas storage asset sales is taking longer than expected despite strong market interest; management expects an announcement later this quarter, introducing timing uncertainty for related proceeds.
• Capital plan remains heavy on utility investment — $230M invested in the quarter, 2026 CapEx expected at $809M, and a 10‑year $11.2B plan that supports ~7% rate base growth in Missouri and Tennessee and underpins the company’s growth targets.

Spire Trading Down 0.3%

Shares of SR stock opened at $85.10 on Wednesday. The stock has a 50-day simple moving average of $83.62 and a 200 day simple moving average of $81.71. Spire has a fifty-two week low of $68.48 and a fifty-two week high of $91.11. The stock has a market capitalization of $5.03 billion, a P/E ratio of 19.34, a P/E/G ratio of 1.34 and a beta of 0.67. The company has a quick ratio of 0.21, a current ratio of 0.32 and a debt-to-equity ratio of 1.07.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 2nd. Stockholders of record on Wednesday, March 11th will be issued a $0.825 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $3.30 annualized dividend and a dividend yield of 3.9%. Spire’s dividend payout ratio is 75.00%.

Key Stories Impacting Spire

Here are the key news stories impacting Spire this week:

• Positive Sentiment: Q1 adjusted EPS beat expectations — Spire reported $1.77 adjusted EPS vs. consensus ~ $1.53–$1.62, up from $1.34 a year ago, driven by higher gas utility earnings. Spire reports FY26 first quarter results
• Positive Sentiment: Y/Y revenue growth and improved operating results — revenue rose ~13.9% year-over-year and operating income improved in key segments, supporting the EPS beat. Spire reports FY26 first quarter results
• Positive Sentiment: Guidance affirmed and slightly above consensus — Spire reaffirmed FY2026 adjusted EPS guidance of $5.25–$5.45 and set FY2027 at $5.65–$5.85 (around or modestly above some street estimates), removing uncertainty about the company’s near-term targets. Spire reports FY26 first quarter results
• Positive Sentiment: Preferred stock redemption amended — the company moved to redeem its 5.90% Series A preferred shares, which can lower future cash obligations and simplify the capital structure. Spire Inc. Amends Redemption of 5.90% Series A
• Neutral Sentiment: Earnings call / transcripts available — management commentary and the Q&A could reveal execution plans and regulatory or capital details; investors are reviewing the call for forward detail. Spire (SR) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Unrelated filing flagged — a Form 8.3 from Dimensional Fund Advisors references Spire Healthcare Group (a different company), which is noise for SR investors. Dimensional Fund Advisors Ltd. : Form 8.3
• Negative Sentiment: Revenue missed some analyst estimates — reported revenue was $762.2M versus analyst expectations near $785.5M, a shortfall that tempers the positive EPS surprise and likely contributed to mixed market reaction. Spire Q1 results and transcript

Institutional Investors Weigh In On Spire

Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp raised its holdings in shares of Spire by 1.9% in the 2nd quarter. State Street Corp now owns 3,351,641 shares of the utilities provider’s stock worth $247,162,000 after purchasing an additional 61,851 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Spire by 7.7% in the second quarter. Captrust Financial Advisors now owns 1,135,167 shares of the utilities provider’s stock valued at $82,856,000 after buying an additional 80,929 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Spire by 1.5% in the third quarter. Dimensional Fund Advisors LP now owns 1,021,878 shares of the utilities provider’s stock valued at $83,303,000 after buying an additional 14,740 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its position in shares of Spire by 158.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,000,000 shares of the utilities provider’s stock valued at $72,990,000 after acquiring an additional 612,500 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Spire by 44.4% during the 3rd quarter. Invesco Ltd. now owns 846,263 shares of the utilities provider’s stock worth $68,987,000 after acquiring an additional 260,344 shares in the last quarter. 87.36% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SR has been the topic of a number of analyst reports. Stifel Nicolaus increased their price objective on shares of Spire from $81.00 to $87.00 and gave the stock a “hold” rating in a report on Wednesday, January 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Spire in a report on Monday, December 29th. Morgan Stanley reissued an “overweight” rating and issued a $93.00 price objective on shares of Spire in a report on Wednesday, January 21st. Mizuho lifted their target price on Spire from $93.00 to $96.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Finally, BTIG Research upgraded Spire to a “strong-buy” rating in a research report on Wednesday, October 22nd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $89.36.

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.