⬤ Loading…
Spire Inc.
…
NYSE: SR Utilities Energy 🔎 Screen
🏹 Trader: 💎 VCP Breakout View all →
$4.5B
Market Cap
18.7
P/E
2.18
PEG
5.2%
ROCE
8.2%
ROE
1.39
D/E
21.2%
OPM
-15.9%
% from 52W High
45
α RS
⚖️ Compare 🔒 Generate Report 🔒 Research Packet 📚 Guides
🌏 Global Investor Returns
Currency-adjusted total returns for SR including FX impact
🌏
Click 🌏 Returns tab to load data
📈 Price History
Ratio Health
— Excellent
— Good
— Average
— Poor
By Category
📊 Peer Medians
About

Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas. In addition, the company engages in the operation of propane through its propane pipeline, risk management, and other activities. Spire Inc. was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in Saint Louis, Missouri.

Key Ratios Snapshot
📈 Growth Pattern
📊 Quick Scorecard
Loading…
⭐ Superinvestors Holding SR
View All Superinvestors →
Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 40.1K $3.6M 0.01% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

🔒
Premium Feature
AI-generated 10-section company profile — business model, financials, strengths, risks & management quality
Upgrade to Premium
Already a member? Log in
📐
3-Statement Financial Model
Bear / Base / Bull projections · DCF fair value · Reverse-DCF
Open Model →
🎙 Management Tone Confident Specific → Stable 4 quarters Full tone analysis in Intelligence →
📊 MIXED Spire Inc. posts Q2 2026 adjusted EPS $3.76 on continuing operations; reaffirms FY2027 guidance.
Revenue & Profitability
For Q2 2026 continuing operations, adjusted earnings were $224 million ($3.76 per share) versus $189 million ($3.17) a year ago. Gas utility earnings increased $40 million to $235 million, driven by new rates in Missouri and Alabama. Corporate and other posted an adjusted loss of $11 million. FY2026 adjusted EPS guidance is $3.90-$4.10; FY2027 reaffirmed at $5.40-$5.60. FFO to debt target lowered to 14%-15%.
Outlook
Management sees strong demand for natural gas in fast-growing markets like the greater Nashville area. The company expects constructive regulatory outcomes across jurisdictions. Key headwinds include lower weather-driven usage in Missouri, which prompted an Accounting Authority Order filing for recovery of the volumetric margin shortfall.
Growth Drivers
Growth is driven by rate-based investment in Missouri and Tennessee, regulated equity growth in Alabama and Gulf, and execution of the $11.2 billion 10-year capital plan. The company targets 7% rate base growth in Missouri, 7.5% in Tennessee, and 6% regulated equity growth in Alabama and Gulf. Long-term adjusted EPS growth target is 5%-7%.
Balance Sheet & CapEx
First-half FY2026 capital expenditures were $386 million, spent on system upgrades, infrastructure modernization, and new business connections. Full-year utility CapEx is expected to be $797 million, consistent with the 10-year $11.2 billion capital plan. The advanced meter upgrade program in Eastern Missouri is now complete.
Margins
Not discussed in this earnings call.
Key Risks
Management flagged risks from weather-driven usage patterns in Missouri, which were not fully mitigated by the weather normalization mechanism and led to a margin shortfall. The outcome of the Accounting Authority Order filing with the Missouri PSC is uncertain. Other risks include regulatory approvals for asset sales and integration of the Tennessee acquisition.
Generated by AI · Q2 2026 results · Not investment advice
🔒
Free Account Required

Create a free Finmagine account to access Finmagine™ Scorecard.

See how this company scores across 5 dimensions — Financial Health, Growth Prospects, Competitive Position, Management Quality, and Valuation — powered by 30+ computed ratios.

Create Free AccountLog In
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Ask AI.

Get 25 expert AI analysis templates — Business KPIs, Comprehensive, Forensic Governance, Peer Comparison, Risk-Reward, Full Research Report, IPO Decoder, Red Flag Detector, and more — ready to paste into ChatGPT, Claude, Gemini, or Perplexity.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Peer Comparison.

Compare this company side-by-side against its sector peers with financial metrics, ratio benchmarking, and relative performance across all key dimensions.

Upgrade to PremiumCreate Free Account
✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
🔍
🔎 See cross-company document search → ?
📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-08-05
Transformation to a fully regulated utility is complete, with improved third quarter adjusted EPS and reduced earnings volatility following divestitures. Guidance for 2026 and 2027 is reaffirmed, supported by a $11.2 billion capital plan and constructive regulatory progress.
Q2 2026 Q2 2026 2026-05-06
Q2 adjusted EPS rose to $3.76 from $3.17 year-over-year, driven by new rates and cost management. The business is now fully focused on regulated gas utilities after divestitures, with a reaffirmed 5%-7% long-term EPS growth target and updated guidance reflecting weather-driven margin headwinds.
Q1 2026 Q1 2026 2026-02-03
Adjusted EPS rose to $1.77, driven by strong utility performance and new rates, with reaffirmed long-term EPS growth targets and robust capital investment plans. Storage asset sale and Tennessee acquisition integration remain key near-term priorities.
Q4 2025 Q4 2025 2025-11-14
Adjusted EPS grew 7.5% to $4.44 in Fiscal 2025, with strong segment performance and a 5.1% dividend increase. Guidance for 2026 and 2027 points to continued EPS growth, supported by robust capital plans and the pending Tennessee acquisition.
Q3 2025 Q3 2025 2025-08-05
Q3 adjusted earnings improved year-over-year, driven by growth across all segments and disciplined cost management. The company reaffirmed its long-term EPS growth target and fiscal 2025 guidance, announced a major acquisition in Tennessee, and secured regulatory wins in Missouri.
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Catalyst Timeline.

Every result, order win, insider trade, ECS update, earnings-call, and SEC announcement for this company — in one chronological lane.

Upgrade to PremiumCreate Free Account
🔒
Premium Feature

Upgrade to Finmagine Premium to unlock Full Report.

Read the complete Finmagine™ investment research report — comprehensive fundamental analysis, business model assessment, competitive positioning, and investment recommendation.

Upgrade to PremiumCreate Free Account

📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

🎯
Discover Our Proven Investment Framework Learn how we analyze and rank stocks using advanced quantitative models, multi-dimensional scoring systems, and dynamic discriminatory ranking techniques that have guided successful investment decisions across market cycles.
📊 Explore The Finmagine™ Methodology

A comprehensive, bias-free framework for analyzing and ranking stocks by Financial Strength, Growth Potential, Competitive Edge, Management Quality, and Value.

Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
Finmagine is not registered as an investment adviser with the U.S. Securities and Exchange Commission (SEC) or any state securities authority. Nothing on this platform constitutes investment advice as defined under the Investment Advisers Act of 1940.

Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
This analysis may contain forward-looking statements, forecasts, or projections that are inherently subject to risks, uncertainties, and assumptions. Actual results may differ materially from those expressed or implied. Finmagine does not undertake any obligation to update such statements in the future.

Limitation of Liability:
The content is provided "as is" without any warranties, express or implied. Finmagine expressly disclaims any liability for errors, omissions, or any losses incurred as a result of reliance on the information provided. Readers assume full responsibility for their investment decisions.