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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