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.
Spire Inc. (NYSE: SR) is a natural gas distribution company whose news flow reflects its role as a regulated utility and energy infrastructure owner. Company press releases and SEC filings highlight operations that serve more than 1.7 million homes and businesses through gas utilities in Alabama, Mississippi and Missouri, along with gas marketing and midstream activities under brands such as Spire Marketing and Spire Midstream.
Investors following SR news can expect regular coverage of earnings announcements, including quarterly and full-year results, adjusted earnings metrics and segment performance for Gas Utility, Gas Marketing and Midstream. Spire frequently issues releases in conjunction with its fiscal year-end and interim results, often paired with conference call and webcast details for analysts and shareholders.
Spire’s news also features dividend declarations and updates on its long history of cash dividend payments, including references to more than two decades of consecutive annual dividend increases. Additional coverage includes financing transactions such as junior subordinated notes, senior notes and first mortgage bonds, which the company uses to support infrastructure investment and acquisitions.
A key theme in recent news has been strategic expansion, particularly the agreement to acquire the Piedmont Natural Gas Tennessee business serving more than 200,000 customers in the Nashville area. Related updates include regulatory filings, pro forma financial information and financing arrangements connected to this planned acquisition.
Visitors to the SR news page can use this stream of company-issued updates to monitor Spire’s financial performance, capital plans, regulatory developments and corporate governance communications, including leadership changes and proxy-related information.
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Spire Inc. (NYSE: SR) announced its fiscal 2021 fourth quarter results, reporting a narrower net loss of $9.9 million ($0.26 per share) compared to a loss of $19.7 million ($0.45 per share) in 2020. Net Economic Earnings (NEE) for the quarter were also improved at $13.1 million ($0.32 per share) from $15.3 million ($0.37 per share) in the previous year. The company launched fiscal 2022 NEE guidance at $3.70 - $4.00 and set a five-year capital expenditure target of $3.1 billion. Challenges include recent Missouri regulatory orders affecting operations and the Spire STL Pipeline's temporary operating status.
Spire Inc. (NYSE: SR) will hold a conference call on November 22 to discuss its fiscal 2021 fourth quarter and full-year results. The earnings press release will be available before market opening that day. The conference call starts at 10:00 a.m. CT and will be accessible through a U.S. and international dial-in. A replay will be available following the call until December 23, 2021, through designated phone numbers. Spire provides natural gas services to 1.7 million customers across Alabama, Mississippi, and Missouri.
Spire Inc. (NYSE: SR) announced a dividend increase from $0.65 to $0.685 per share, reflecting a 5.4% annual increase to an annualized rate of $2.74. This change demonstrates the company's robust financial standing and ongoing commitment to delivering shareholder value. The dividend is payable on January 4, 2022, to shareholders recorded by December 10, 2021. Spire has maintained a continuous dividend payment since 1946, marking 2022 as its 19th consecutive year of dividend increases.
The board of directors of Spire (NYSE: SR) has expanded to 10 members with the election of Carrie J. Hightman, effective November 11, 2021. Hightman, previously executive vice president and chief legal officer at NiSource, brings over 30 years of experience in regulated industries, enhancing Spire's strategic leadership. Her background includes roles in gas operations and regulatory strategy. Spire operates as the fifth largest publicly traded natural gas company in the U.S., serving 1.7 million homes and businesses in Alabama, Mississippi, and Missouri.
Spire Inc. (NYSE: SR) will participate in the Sidoti Fall Virtual Investor Conference on September 22, 2021. The company will present at 12:15 p.m. ET and host one-on-one meetings with investors. Participation is free and does not require being a Sidoti client. Interested investors can register here. Spire serves 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, making it the fifth-largest publicly traded natural gas company in the U.S. More information on their investor presentation is available on their website.
Spire STL Pipeline received a 90-day temporary certificate from FERC, allowing continued operation ahead of winter. This certification aims to prevent energy supply disruptions in the St. Louis region, crucial for over 650,000 homes and businesses. The authorization follows a July application by Spire, responding to a June ruling that vacated prior approvals. The company expressed commitment to work with all stakeholders to ensure energy security during extreme weather. The FERC will conduct a comprehensive evaluation of the pipeline's certificate later.
Spire Inc. (NYSE: SR) reported a net income of $5.3 million for Q3 2021, a significant recovery from a $92.3 million loss a year prior. Net economic earnings (NEE) were $6.9 million, slightly down from $7.3 million last year. The company reaffirmed FY 2021 NEE guidance of $4.30 - $4.50 per share and a capital expenditure outlook of $590 million. A federal court ruling jeopardizes the STL Pipeline, critical for gas service to 650,000 customers in eastern Missouri. Legal actions are underway to ensure its continued operation.
Spire Inc. (NYSE: SR) will host a conference call on August 5, 2021, at 11:00 a.m. CT to discuss its fiscal 2021 third quarter financial results. Earnings will be released prior to market opening on that day and available on their website under the News tab. The conference call will be accessible via a dial-in number or online webcast. A replay will be available starting 12 p.m. CT on August 6 and accessible until September 7, 2021.
Spire has published its third annual Corporate Social Responsibility (CSR) report, highlighting success in environmental, social, and governance metrics. The report showcases Spire's commitment to becoming carbon neutral by mid-century, with a target of a 57% reduction in methane emissions by 2025. The company's community support during the pandemic totaled $5.9 million, including financial aid and volunteer efforts. Additionally, Spire aims to enhance workforce diversity and reduce employee injuries. The full CSR report is available at spireenergy.com/csr.