STOCK TITAN

Spire Inc. - $SR STOCK NEWS

Welcome to our dedicated page for Spire news (Ticker: $SR), a resource for investors and traders seeking the latest updates and insights on Spire stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Spire's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Spire's position in the market.

Rhea-AI Summary

Spire Inc. (NYSE: SR) reported its fiscal 2024 second-quarter results showing net income of $204.3 million ($3.58 per share), reaffirmed earnings guidance, and continued focus on growth and operational excellence. Gas Utility earnings grew, while Gas Marketing and Midstream earnings were solid despite the absence of favorable market conditions from the prior year.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.18%
Tags
-
News
Rhea-AI Summary
Spire Inc. (NYSE: SR) has declared a quarterly common stock dividend of $0.755 per share, marking the company's 21st consecutive year of increasing its dividend. Additionally, a regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock was declared. Both dividends are payable on specific dates to shareholders of record.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.57%
Tags
dividends
-
Rhea-AI Summary
Spire Inc. (SR) will host a conference call on May 1 to discuss fiscal 2024 second quarter results. The call will be webcast for the media and public, with a replay available until June 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.43%
Tags
conferences earnings
Rhea-AI Summary
Spire Inc. (SR) appoints Sheri S. Cook, a seasoned executive from Altec Inc., to its board of directors. Cook brings a wealth of experience in finance, human resources, and energy industry, enhancing the board's diversity and expertise.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
management
-
News
Rhea-AI Summary
Spire Inc. successfully remarkets senior notes and announces a registered underwritten public offering of $350 million of its 5.300% Senior Notes due 2026. The company will use the proceeds to repay existing debt and for general corporate purposes. Additionally, the company has successfully remarketed $175 million principal amount of its 2021 Series A 0.75 percent Remarketable Senior Notes due 2026. The annual interest rate on the Remarketable Notes was reset to 5.195%. The Offering is expected to close on February 12, 2024, subject to customary closing conditions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
none
-
Rhea-AI Summary
Spire Inc. (SR) has announced a registered underwritten public offering of $300 million of its Senior Notes due 2026, with $125 million offered by Spire and $175 million offered by certain selling securityholders. The company intends to use the net proceeds to repay existing debt and for general corporate purposes. Wells Fargo Securities, Mizuho, and Morgan Stanley are acting as joint book running managers of the Offering.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.64%
Tags
none
News
Rhea-AI Summary
Spire Inc. reports Q1 fiscal 2024 results with net income of $85.1 million ($1.52 per share) compared to $91.0 million ($1.66 per share) in the prior year. The Gas Utility segment saw growth, while the Gas Marketing and Midstream segments returned to normal market conditions, resulting in lower earnings. Spire expects fiscal 2024 NEE to be in a range of $4.25–$4.45 per share, with a 10-year $7.2 billion capital investment target through fiscal 2033.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.4%
Tags
-
News
Rhea-AI Summary
Spire Inc. (NYSE: SR) has declared a quarterly common stock dividend of $0.755 per share, marking the 21st consecutive year of increasing its common stock dividend on an annualized basis. Additionally, a regular quarterly dividend of $0.36875 per depositary share on Spire's 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock was declared. The cash dividend has been continuously paid since 1946.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.16%
Tags
dividends
-
Rhea-AI Summary
Spire Inc. (SR) announced the election of Rob L. Jones as the new board chair, succeeding Ed Glotzbach. Jones, an industry veteran, brings experience from Bank of America Merrill Lynch Commodities, Inc. and Merrill Lynch & Co. He aims to continue driving growth, upholding Spire's commitment to customers and communities, and creating value for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
Tags
none
Rhea-AI Summary
CorEnergy Infrastructure Trust, Inc. announced the sale of its MoGas and Omega pipeline systems to Spire Midstream for $175 million. The transaction resulted in net proceeds of approximately $165 million after taxes and transaction-related costs. The sale allows CorEnergy to significantly de-lever its balance sheet, but the company is currently out of compliance with the NYSE minimum share price requirement and at risk of delisting. The company is evaluating its strategic alternatives regarding its current capital structure.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-21.05%
Tags
none
Spire Inc.

NYSE:SR

SR Rankings

SR Stock Data

3.54B
53.37M
2.86%
89.96%
2.6%
Natural Gas Distribution
Utilities
Link
United States of America
ST LOUIS

About SR

life at spire has many facets, but there is one common thread — our energy. at spire, public service is our daily business. that’s why we’re always looking for driven, collaborative people to join our team. because we believe that offering our customers the best service means bringing the best people together. from missouri to alabama and beyond, our employees are here to help their communities grow. that’s what we encourage because that’s what leads to success for our customers and our business.