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Spire Inc   (SR)
Other Ticker:  
 
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $58.8800 $-0.71 -1.191%
Day's High: $59.72 Week Perf: -3.43 %
Day's Low: $ 58.67 30 Day Perf: -1.92 %
Volume (M): 302 52 Wk High: $ 72.07
Volume (M$): $ 17,782 52 Wk Avg: $62.16
Open: $59.59 52 Wk Low: $53.77



 Market Capitalization (Millions $) 3,156
 Shares Outstanding (Millions) 54
 Employees 3,584
 Revenues (TTM) (Millions $) 2,609
 Net Income (TTM) (Millions $) 211
 Cash Flow (TTM) (Millions $) 6
 Capital Exp. (TTM) (Millions $) 734

Spire Inc
Spire Inc. is a holding company that was formed in the year 2000 to oversee the activities of its subsidiaries, Spire Missouri Inc. and Spire Alabama Inc., as well as other gas utilities and related businesses. Spire Missouri was established in 1857, while Spire Alabama was created in 1948 as a result of the merger of two gas companies. The company is dedicated to transforming its operations and achieving growth by investing in infrastructure, innovation, and organic expansion. It has two primary business segments, Gas Utility and Gas Marketing. The Gas Utility section includes regulated activities of Spire Missouri, Spire Alabama, Spire Gulf Inc., and Spire Mississippi Inc. The Gas Marketing segment consists of Spire Marketing Inc., a subsidiary that offers natural gas marketing services.

The company strives to maintain the safety and wellbeing of its employees, provide development and advancement opportunities, and embrace diversity to promote innovation. Spire has reduced its employee injury rate for eight fiscal years consecutively, by 21% year-over-year, and a 67% overall improvement since 2015. It offers employee assistance programs, incentivizes weight management and gym membership, and has a comprehensive wellbeing program. All employees can access developmental assessments, customized training, specialized degree programs, and industry-related courses. Spire also reviews and adjusts affirmative action plans based on placement and utilization rates and aims to create a more diverse and inclusive work environment. The company's primary channel for distributing important information, such as news releases, analyst presentations, and financial information, is its website, SpireEnergy.com.

Spire continues to invest in its infrastructure to ensure the safety and reliability of its gas distribution systems. The Utilities focus on the replacement of aging pipelines and other equipment to maintain and enhance the safety and reliability of their systems. Spire Missouri has completed several infrastructure projects, including the replacement of natural gas mains, services and meters, and the installation of system protection devices. Spire Alabama is also investing in its infrastructure, with a focus on pipeline replacement and system upgrades. In addition, Spire is investing in technology and automation to improve the efficiency of its operations and reduce costs.

Gas Marketing

Spire Marketing provides natural gas marketing services to a variety of customers, including municipalities, commercial and industrial customers, and power generators. Spire Marketing offers natural gas supply and price risk management services, as well as transportation and storage services. The Gas Marketing segment is subject to price fluctuations in the natural gas markets, and Spire manages its risk through a combination of physical and financial hedging strategies.

Environmental, Social and Governance (ESG)

Spire is committed to sustainability and responsible business practices. The Company has established goals to reduce its greenhouse gas emissions and increase its use of renewable energy sources. Spire has also implemented programs to promote energy efficiency and conservation among its customers. In addition, Spire is committed to promoting diversity, equity and inclusion in its workforce and has established policies and programs to support these goals. The Company has also implemented a comprehensive safety program to ensure the safety of its employees, customers and the communities it serves.

Spire is a holding company for gas utilities and gas-related businesses, with a focus on providing safe, reliable and affordable natural gas to its customers. The Company is committed to investing in its infrastructure, promoting energy efficiency and conservation, and advancing its business through innovation. Spire is also committed to promoting diversity, equity and inclusion in its workforce and has established policies and programs to support these goals.


   Company Address: 700 Market Street St. Louis 63101 MO
   Company Phone Number: 342-0500   Stock Exchange / Ticker: NYSE SR
   SR is expected to report next financial results on April 24, 2024.


   

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Stock Offering

Spire Successfully Remarkets Senior Notes & Prices $350 Million Debt Offering

Published Mon, Feb 5 2024 10:06 PM UTC



Spire Inc. (NYSE: SR), a leading energy provider, recently announced the successful pricing of a registered underwritten public offering of $350 million of its 5.300% Senior Notes due 2026. This significant debt offering aims to support Spire's ongoing business operations and expansion plans. By examining this press release, we can gain insight into Spire's financi...

Spire Inc

Spire Inc Faces Challenges in Profitability and Revenue for Q1 2024, but Shows Signs of Improvement



Spire Inc, a renowned energy company, recently released its financial results for the first quarter of 2024 earnings season. While the company experienced some setbacks in terms of profitability and revenue, there were also positive developments to note. This article will examine the key financial indicators and speculate on their potential impact on Spire Inc's future.
Decreased Profitability and Revenue:
In the first quarter of 2024, Spire Inc witnessed a decline in profitability, with a reduced profit per share of $1.52 compared to $1.66 in the same reporting season a year earlier. However, it is worth mentioning that the net profit per share turned positive, indicating a significant improvement from the negative $0.66 per share reported in the previous period.

Contract

CorEnergy Infrastructure Trust Completes $175 Million Sale of MoGas System to Spire Midstream, Enhancing Regional Natural Gas Services

Published Fri, Jan 19 2024 6:00 PM UTC

CorEnergy Infrastructure Trust, Inc. (OTC: CORR, CORRL) has successfully completed the sale of its MoGas and Omega pipeline systems to Spire Midstream, a subsidiary of Spire Inc. The MoGas System, an interstate natural gas transmission and distribution system, serves markets in Missouri and Illinois. The all-cash transaction amounted to $175 million, in addition to working c...

Spire Inc

Spire Inc Faces Challenging Quarter as Revenue Plummeted by 1.209% in Q3 2023

Financial News Report:
Depleting Business Leads to Diminishing Returns for Spire Inc in Q3 2023
Spire Inc, a Natural Gas Utilities company, experienced a decrease in revenue and saw diminishing returns in the July to September 30, 2023 interval. The company's revenue diminished by -1.209% to $310.40 million compared to the same quarter in the previous year where it achieved $418.50 million. This decline in revenue was accompanied by a drop in the shortfall per share from $-0.21 per share to $-0.66 per share, indicating a challenging quarter for Spire Inc.
Furthermore, comparing the company's performance to the prior quarter, the shortfall per share surged from $-0.48 per share, reflecting an increase in losses. The revenue also fell significantly by -25.83% from $418.50 million to $310.40 million. These numbers portray a tough quarter for Spire Inc, with the company struggling to maintain profitability and generate sufficient revenue.

Spire Inc

Spire Inc Reports Major Setback with Increased Deficit and Deteriorating Revenues for Fiscal Year Ending June 2023

In a challenging fiscal interval ending June 30, 2023, Spire Inc faced several setbacks that affected its financial performance. The company experienced a significant increase in the per share shortfall, reaching $-0.48 compared to $-0.10 the previous year. Additionally, the earnings per share (EPS) fell from $3.33 to an undisclosed value during the reporting season.
One of the main contributors to this decline was the decrease in revenue. The company's revenue depreciated by -6.585% to $418.50 million, compared to $448.00 million in the same period a year prior. Sequentially, the revenue tumbled even further by -62.747% from $1.12 billion.






 

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