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. reports developments for a regulated natural gas utility company centered on gas distribution businesses in Missouri, Alabama, Mississippi and Tennessee. Its recurring news includes quarterly operating results, earnings guidance, common stock dividends, infrastructure and utility investment themes, and capital actions tied to its public securities.
Company updates also cover Spire's portfolio shift toward regulated gas utility operations, including the completed acquisition of the Piedmont Natural Gas Tennessee business and the completed sale of Spire Marketing. Spire reports its natural gas utilities in a Gas Utility segment, with remaining operations such as Spire MoGas Pipeline reported outside that segment.
Spire Inc. (NYSE: SR) reported its fiscal 2024 third quarter results, showing improvement across all segments. Key highlights include:
- Net loss of $12.6 million, or ($0.28) per diluted share, compared to a loss of $21.6 million, or ($0.48) per share a year ago
- Net economic earnings (NEE) loss of $4.3 million, or ($0.14) per share, compared to a loss of $18.6 million, or ($0.42) per share last year
- Fiscal 2024 NEE guidance lowered to $4.15–$4.25 per share from $4.25–$4.45
The company launched a customer affordability initiative to lower costs and improve efficiency, with benefits expected in 2025 and 2026. Despite improvements, Spire lowered its guidance due to lower Spire Missouri margin and higher interest costs earlier in the year.
Spire Inc. (NYSE: SR) has declared a quarterly common stock dividend of $0.755 per share, payable on October 2, 2024, to shareholders of record on September 11, 2024. This marks the company's 21st consecutive year of increasing its common stock dividend on an annualized basis, with a continuous cash dividend payment history since 1946. Additionally, Spire declared a regular quarterly dividend of $0.36875 per depositary share on its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, payable November 15, 2024, to holders of record on October 25, 2024.
Spire is one of the largest publicly traded natural gas companies in the United States, serving 1.7 million homes and businesses through its gas utilities in Alabama, Mississippi, and Missouri. The company also operates Spire Marketing and Spire Midstream, focusing on growth, infrastructure investment, and innovation.
Spire Inc. (NYSE: SR) will host a conference call and webcast on Wednesday, July 31, to discuss its fiscal 2024 third quarter results. The announcement will be made available before the market opens that day on Investors.SpireEnergy.com. The call, starting at 8 a.m. CT (9 a.m. ET), can be accessed by dialing 844-824-3832 (U.S. and Canada) or 412-317-5142 (international). The conference will also be webcast in a listen-only format. A replay will be available from 10 a.m. CT (11 a.m. ET) on July 31 until August 31, 2024, by dialing 877-344-7529 (U.S.), 855-669-9658 (Canada), or 412-317-0088 (international) with access code 2598655. Spire serves 1.7 million homes and businesses, making it one of the largest publicly traded natural gas companies in the U.S.
Spire released its annual Sustainability Report, highlighting progress in reducing emissions, supporting communities, and enhancing governance. Key achievements include a 4.7% reduction in greenhouse gas emissions, replacement of 173 miles of aging infrastructure, and an 8% reduction in motor vehicle accident rates. Spire has connected customers with $33 million in energy assistance and donated over $6.2 million to community support. The company has also increased its racially diverse workforce by 4% and introduced a parental leave policy. Governance improvements include appointing three new board directors and establishing a Sustainability Council.
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.
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