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.
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Spire Inc. (NYSE: SR) is set to host a conference call and webcast on May 3, 2023, at 8:00 a.m. CT to discuss its fiscal 2023 second quarter results. Earnings will be announced prior to the market opening that day, with the news release available on their website. Interested parties can access the call via phone or webcast. The replay of the call will be available from 10 a.m. CT on May 3 until June 3, 2023. Spire serves approximately 1.7 million homes and businesses across states like Alabama, Mississippi, and Missouri, positioning itself as a leading natural gas company in the U.S. The focus remains on organic growth, infrastructure investments, and innovation.
Spire Inc. (NYSE: SR) announced the retirement of President and CEO Suzanne Sitherwood, effective December 31, 2023, after 12 years in the role. Sitherwood emphasized her pride in leading the company through significant growth, with Spire now serving over 1.7 million customers in Alabama, Mississippi, and Missouri. The Board of Directors has initiated a search for her successor, engaging an independent executive search firm. Ed Glotzbach, chair of the Board, acknowledged Sitherwood's transformational leadership and contributions to the energy sector, noting the importance of succession planning for Spire's future.
Spire Inc. (NYSE: SR) reported strong first-quarter results for fiscal 2023, with net income increasing to $91.0 million ($1.66 per diluted share) from $55.7 million ($1.01 per share) a year prior. Net economic earnings rose to $85.1 million ($1.55 per share), driven by robust performance in its Gas Marketing segment. The company raised its fiscal 2023 earnings guidance by $0.10 to $4.15–$4.35 per share. While the Gas Utility segment faced a decline in net economic earnings due to regulatory timing and higher costs, overall capital expenditures grew slightly to $154.8 million. The board declared a quarterly dividend of $0.72 per share, marking 20 years of consecutive annual increases.
Spire Inc. (NYSE: SR) is set to host a conference call on February 1, 2023, at 8:00 a.m. CT to discuss its fiscal 2023 first quarter results. The earnings news release will be issued before the market opens on the same day, available on their website. Investors can access the call by dialing the respective phone numbers or listening to the webcast on their investor relations page. A replay of the call will be available from 10 a.m. CT on February 1 until March 1, 2023. Spire serves 1.7 million homes and businesses across Alabama, Mississippi, and Missouri, focusing on organic growth and infrastructure investment.