Spire (NYSE:SR) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Spire (NYSE:SR) issued its quarterly earnings results on Wednesday. The utilities provider reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.06, FiscalAI reports. The business had revenue of $420.20 million during the quarter, compared to the consensus estimate of $394.62 million. Spire had a net margin of 13.97% and a return on equity of 9.49%. The firm’s quarterly revenue was up 19.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.01 EPS. Spire updated its FY 2026 guidance to 3.900-4.100 EPS.

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

• Fiscal 2026 and 2027 EPS guidance was reaffirmed at $3.90–$4.10 and $5.40–$5.60, respectively, alongside the long-term 5%–7% adjusted EPS growth target.
• Spire completed the divestitures of its marketing and storage businesses, creating a more focused, fully regulated utility profile that management says should reduce earnings volatility and improve predictability.
• The company is advancing an approximately $11.2 billion 10-year capital plan, supporting projected rate-base growth of roughly 7% and nearly $800 million of utility capital expenditures in fiscal 2026.
• Regulatory proceedings remain important catalysts, including Alabama RSE renewal hearings, Spire Tennessee’s requested $14 million revenue increase, and a planned Missouri future-test-year rate case in November 2026; management expects a potential Missouri-related EPS step-up in 2028.
• Third-quarter adjusted results remained a loss of $0.26 per share, while higher bad debt, depreciation, taxes, interest expense, and corporate costs weighed on performance despite improvement in the gas utility segment.

Spire Price Performance

Shares of NYSE SR traded up $0.50 during midday trading on Wednesday, reaching $80.06. The company’s stock had a trading volume of 219,543 shares, compared to its average volume of 447,919. Spire has a fifty-two week low of $73.91 and a fifty-two week high of $95.31. The business’s 50 day moving average price is $80.37 and its two-hundred day moving average price is $86.00. The company has a debt-to-equity ratio of 1.69, a quick ratio of 0.48 and a current ratio of 0.55. The company has a market cap of $4.73 billion, a P/E ratio of 14.07, a P/E/G ratio of 1.79 and a beta of 0.52.

Spire Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be given a dividend of $0.825 per share. The ex-dividend date is Friday, September 11th. This represents a $3.30 annualized dividend and a yield of 4.1%. Spire’s dividend payout ratio (DPR) is presently 58.00%.

Insider Buying and Selling

In related news, SVP Ryan L. Hyman sold 3,822 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $80.51, for a total transaction of $307,709.22. Following the completion of the sale, the senior vice president owned 14,295 shares of the company’s stock, valued at $1,150,890.45. This trade represents a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Paul D. Koonce acquired 500 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were bought at an average cost of $78.46 per share, for a total transaction of $39,230.00. Following the transaction, the director directly owned 8,000 shares in the company, valued at approximately $627,680. This represents a 6.67% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired 3,000 shares of company stock worth $251,100 in the last 90 days. Company insiders own 2.26% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SR. Franklin Resources Inc. boosted its holdings in shares of Spire by 0.3% in the 4th quarter. Franklin Resources Inc. now owns 40,489 shares of the utilities provider’s stock worth $3,348,000 after buying an additional 122 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Spire by 2.6% in the fourth quarter. Inspire Investing LLC now owns 5,734 shares of the utilities provider’s stock worth $474,000 after buying an additional 144 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Spire by 40.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 519 shares of the utilities provider’s stock valued at $43,000 after purchasing an additional 149 shares during the period. Parallel Advisors LLC grew its position in Spire by 16.5% during the fourth quarter. Parallel Advisors LLC now owns 1,136 shares of the utilities provider’s stock worth $94,000 after buying an additional 161 shares in the last quarter. Finally, Private Advisor Group LLC lifted its position in Spire by 2.4% during the third quarter. Private Advisor Group LLC now owns 7,402 shares of the utilities provider’s stock valued at $603,000 after purchasing an additional 176 shares during the last quarter. 87.36% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Morgan Stanley restated an “overweight” rating on shares of Spire in a research note on Wednesday, July 22nd. TD Cowen began coverage on Spire in a research report on Thursday, April 16th. They issued a “hold” rating and a $101.00 price target on the stock. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $85.00 price target (up from $84.00) on shares of Spire in a report on Friday, June 26th. Wells Fargo & Company started coverage on Spire in a research report on Monday, May 11th. They issued an “overweight” rating and a $96.00 target price for the company. Finally, Weiss Ratings upgraded Spire from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Spire has an average rating of “Moderate Buy” and a consensus target price of $94.50.

Spire Company Profile

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.