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.
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.
The Federal Energy Regulatory Commission (FERC) has reissued a permanent Certificate of Public Convenience and Necessity for the Spire STL Pipeline, affirming its critical role in delivering natural gas to over 650,000 homes and businesses in eastern Missouri. This decision follows an 18-month review and highlights the pipeline's strong operational performance, which has contributed to lower gas costs in the St. Louis area. This permanent certificate ensures continued access to reliable and affordable energy for consumers.
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Spire reported a narrowed fourth quarter loss of $7.1 million ($0.20 per diluted share) for fiscal 2022, an improvement from a loss of $9.9 million in the previous year. While net economic earnings (NEE) per share for Q4 were $0.66, reflecting ongoing challenges, the board announced a 5.1% increase in quarterly dividends to $0.72 per share. The company is launching a 10-year $7 billion capital expenditure plan, focusing on infrastructure upgrades and expansion to ensure long-term growth. However, full-year NEE fell to $216.3 million, down from $266.3 million largely due to impacts from prior year events.
Spire Inc. (NYSE: SR) will conduct a conference call on November 16, 2022, at 9 a.m. CT to discuss its fiscal 2022 fourth quarter and full-year earnings. The earnings news release will be available before the market opens that day on their investor website. The public can access the call via phone or webcast. A replay will be available from 11 a.m. CT on November 16 until December 16, 2022. Spire serves approximately 1.7 million homes and businesses across Alabama, Mississippi, and Missouri as the fifth largest publicly traded natural gas company in the U.S.
Spire Storage is advancing its facilities expansion in Wyoming to accommodate the rising natural gas demand in the Rockies and Western U.S. Starting limited construction in August 2022, the project aims to enhance underground gas storage capacity from 23 Bcf to 39 Bcf, with a total capital expenditure of $195 million. The expansion will enable Spire to better serve the Western U.S. markets and is projected to provide earnings per share accretion beginning in fiscal 2025. The project is expected to significantly benefit existing and new customers by improving service delivery.
Spire Inc. (NYSE: SR) reported a net loss of $1.4 million ($0.10 per diluted share) for Q3 fiscal 2022, down from net income of $5.3 million ($0.03 per share) in the prior year. Net economic earnings were $4.1 million ($0.01 per share), a decrease from $6.9 million ($0.06 per share) due to seasonal earnings shifts and increased expenses. The company reaffirmed its fiscal 2022 earnings guidance of $3.75 – $3.95 per share and plans $3.1 billion in capital investments through fiscal 2026 to drive growth. A quarterly dividend of $0.685 is set for October 4, 2022.
Spire Inc. (NYSE: SR) will host a conference call on August 4 at 12:00 p.m. CT to discuss its fiscal 2022 third quarter results. Earnings will be released prior to market opening and available on their website. The call will be accessible via phone or webcast for the media and public, with a replay option from 2 p.m. CT on the same day until September 6, 2022. Spire serves 1.7 million homes and businesses, making it the fifth largest publicly traded natural gas company in the U.S.
Spire Marketing, a subsidiary of Spire (NYSE: SR), has finalized a multi-year agreement with Ascent Resources to purchase responsibly sourced gas (RSG). This marks the first RSG transaction for Spire Marketing, responding to increasing client demand for sustainable energy solutions. The contract supports Spire's commitment to sustainability and enhances its portfolio for over 120,000 clients across North America. Ascent, a major natural gas producer, emphasizes environmentally responsible operations, ensuring affordable and clean gas delivery.