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SPIRE (SR)

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Research analysts who have asked questions during SPIRE earnings calls.

Recent press releases and 8-K filings for SR.

Spire Reports Strong Q1 2026 Adjusted EPS, Reaffirms Guidance, and Provides Acquisition Updates
SR
Earnings
Guidance Update
M&A
  • Spire reported adjusted earnings of $1.77 per share for Q1 fiscal 2026, an increase from $1.34 per share in the prior year.
  • The company reaffirmed its fiscal 2026 adjusted EPS guidance of $5.25-$5.45 per share and its 2027 adjusted EPS guidance of $5.65-$5.85 per share, maintaining its long-term 5%-7% adjusted EPS growth target.
  • Spire's 10-year capital plan remains at $11.2 billion, with $230 million invested in capital expenditures during Q1 2026, primarily directed toward gas utility operations.
  • The Hart-Scott-Rodino review for the Tennessee acquisition is complete, with approval from the Tennessee Public Utility Commission pending, and an update on the ongoing evaluation of natural gas storage asset sales is expected later this quarter.
1 day ago
Spire Announces Strong Q1 Fiscal 2026 Earnings and Reaffirms Guidance
SR
Earnings
Guidance Update
Debt Issuance
  • Spire reported adjusted earnings of $1.77 per share for Q1 fiscal 2026, a significant increase from $1.34 per share a year ago, driven by solid execution in the gas utility business and contributions from marketing and midstream segments.
  • The company reaffirmed its 2026 adjusted EPS guidance of $5.25-$5.45 per share and 2027 adjusted EPS guidance of $5.65-$5.85 per share, maintaining its long-term 5%-7% adjusted EPS growth target.
  • Spire's ten-year capital plan remains $11.2 billion, with $809 million expected for 2026 capital expenditures, primarily directed towards gas utility operations.
  • Progress continues on the Tennessee acquisition, with $900 million of junior subordinated notes and $825 million of senior notes secured for financing. The evaluation of natural gas storage assets for sale is ongoing, with an update anticipated later this quarter.
1 day ago
Spire Reports Q1 2026 Adjusted EPS, Reaffirms Guidance, and Provides Acquisition Updates
SR
Earnings
Guidance Update
M&A
  • Spire reported adjusted earnings of $1.77 per share for the first quarter of fiscal 2026, an increase from $1.34 per share in the prior year.
  • The company reaffirmed its fiscal 2026 adjusted EPS guidance of $5.25 to $5.45 per share and its fiscal 2027 adjusted EPS guidance of $5.65 to $5.85 per share, maintaining a long-term adjusted EPS growth target of 5% to 7%.
  • Spire invested $230 million in capital expenditures in Q1 2026 and expects $809 million for the full fiscal year 2026, as part of its $11.2 billion ten-year capital plan.
  • Progress on the Tennessee acquisition includes completed Hart-Scott-Rodino review and secured financing of $900 million in junior subordinated notes and $825 million in Spire Tennessee senior notes. An update on the ongoing evaluation of natural gas storage asset sales is anticipated later this quarter.
1 day ago
SR Announces Q1 FY26 Results and Affirms Guidance
SR
Earnings
Guidance Update
M&A
  • SR reported Q1 FY26 adjusted EPS of $1.77, an increase from $1.34 in Q1 FY25.
  • The company affirmed its FY26 adjusted EPS guidance range of $5.25 to $5.45 and FY27 guidance of $5.65 to $5.85, maintaining a long-term growth target of 5-7%.
  • The acquisition of the Piedmont Natural Gas Tennessee business is on track to close in calendar Q1 2026, with financing including $900M in Junior Subordinated Notes issued in Nov. 2025 and $825M in Senior Notes aligned with closing.
  • The annualized dividend for 2026 increased 5.1% to $3.30 per share, marking 23 consecutive years of increases. The 10-year capital expenditure plan remains $11.2B.
1 day ago
Spire Inc. Reports Strong Fiscal 2026 First Quarter Results and Affirms Guidance
SR
Earnings
Guidance Update
Debt Issuance
  • Spire Inc. reported Q1 FY26 net income of $95.0 million ($1.54 per diluted share) and adjusted earnings of $108.4 million ($1.77 per share), an increase from the prior year's $81.3 million ($1.34 per share) and $81.1 million ($1.34 per share) respectively, for the three months ended December 31, 2025.
  • The company affirmed its fiscal 2026 adjusted earnings guidance range of $5.25–$5.45 and its fiscal 2027 adjusted earnings guidance range of $5.65–$5.85.
  • Segment earnings growth was driven by higher Gas Utility earnings due to new rates, increased Midstream earnings from additional capacity, and higher Gas Marketing earnings from portfolio optimization.
  • Spire advanced its financing strategy, completing $900 million of Junior Subordinated Notes and $825 million of Spire Tennessee Senior Notes for an acquisition, and issued $200 million of Junior Subordinated Notes in January 2026 to redeem $250 million of preferred stock.
  • The company maintains a 10-year $11.2 billion capital investment target through fiscal 2035, with $809 million expected for fiscal 2026.
1 day ago
Spire Reports Strong Fiscal 2026 First Quarter Results and Affirms Guidance
SR
Earnings
Guidance Update
Debt Issuance
  • Spire Inc. reported net income of $95.0 million ($1.54 per diluted share) and adjusted earnings of $108.4 million ($1.77 per share) for its fiscal 2026 first quarter, compared to $81.3 million ($1.34 per share) and $81.1 million ($1.34 per share) respectively, in the prior year.
  • The company affirmed its fiscal 2026 adjusted earnings guidance range of $5.25–$5.45 and its fiscal 2027 adjusted earnings guidance range of $5.65–$5.85.
  • Gas Utility earnings increased, Midstream earnings grew, and Gas Marketing earnings were higher during the fiscal 2026 first quarter.
  • Spire advanced its financing strategy, including the completion of $900 million of Junior Subordinated Notes and $825 million of Spire Tennessee Senior Notes for acquisition-related financing, and issued $200 million of Junior Subordinated Notes in January 2026.
  • The company maintains a 10-year $11.2 billion capital investment target through fiscal 2035 and expects $809 million in capital expenditures for fiscal 2026.
1 day ago
Spire Declares Dividend and Announces Preferred Stock Redemption
SR
Dividends
Debt Issuance
  • Spire Inc. declared a quarterly common stock dividend of $0.825 per share, payable April 2, 2026, to shareholders of record on March 11, 2026.
  • This declaration marks the company's 23rd consecutive year of increasing its common stock dividend on an annualized basis.
  • Spire also announced its intent to redeem all outstanding shares of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock on February 13, 2026.
6 days ago
Spire Announces Redemption of Preferred Stock
SR
  • Spire Inc. announced its intent to redeem all outstanding 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE: SR.PRA).
  • The redemption is anticipated on February 13, 2026, at a total price of $25.36056 per share, which includes accumulated and unpaid dividends.
  • Upon redemption, the preferred stock will be delisted from the New York Stock Exchange and will cease to accumulate dividends.
6 days ago
Spire Reports FY 2025 Earnings, Announces Acquisition, and Details Regulatory Progress
SR
M&A
Dividends
Management Change
  • Spire reported basic adjusted earnings of $4.45 per share for fiscal year 2025 and increased its annual dividend for the 23rd consecutive year, bringing the annualized rate to $3.30 per share.
  • The company announced an agreement on July 29, 2025, to acquire Piedmont Natural Gas Tennessee businesses (Nashville Gas System) from Duke Energy, with the acquisition expected to close in early calendar year 2026.
  • Spire achieved significant regulatory outcomes in fiscal year 2025, including a $210 million revenue increase from a Missouri rate case approved in September 2025 and the passage of Senate Bill 4 in Missouri, which modernizes rate-setting mechanisms.
  • Key leadership appointments in fiscal year 2025 included Scott Doyle as President and CEO on April 24, 2025, and Steve Greenley as COO on October 13, 2025.
7 days ago
Spire (SR) Reports FY 2025 Results, Strategic Acquisitions, and Leadership Changes
SR
M&A
Dividends
Management Change
  • Spire reported basic adjusted earnings of $4.45 per share for fiscal year 2025 and approved a 5.1% dividend increase, bringing the annualized rate to $3.30 per share, marking the 23rd consecutive year of dividend increases.
  • The company is progressing with its agreement to acquire Piedmont Natural Gas Tennessee businesses from Duke Energy, announced July 29, 2025, with closing expected in early 2026.
  • Regulatory successes in fiscal year 2025 include a $210 million revenue increase in Missouri approved in September 2025 and new legislation modernizing rate-setting mechanisms in April 2025.
  • Key leadership appointments in 2025 included Scott Doyle as President and CEO on April 24 and Steve Greenley as COO on October 13.
7 days ago
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