Spire Inc Stock Price, News & Analysis

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.

Spire Inc. (NYSE: SR) reported a strong second quarter for fiscal 2021, with net income reaching $187.4 million ($3.55 per diluted share), up from $133.6 million ($2.54 per share) the previous year.

Net economic earnings (NEE) also increased to $195.6 million ($3.71 per share) from $144.0 million ($2.75 per share), driven largely by robust performance in Spire Marketing amid severe winter weather. The fiscal 2021 NEE guidance is now raised to between $4.30 and $4.50 per share.

The company maintains a solid capital structure and liquidity, while announcing a quarterly dividend of $0.65 per share.

Spire Inc. (NYSE: SR) announced a conference call on May 7, 2021 to discuss its fiscal 2021 Q2 financial results. The earnings news release will be issued before the market opens, available at Investors.SpireEnergy.com. The call will start at 8:00 a.m. CT (9:00 a.m. ET) and can be accessed via phone or webcast. A replay will be available from 10 a.m. CT that day until June 7, 2021. Spire serves 1.7 million customers across Alabama, Mississippi, and Missouri, positioning itself as the fifth largest publicly traded natural gas company in the U.S.

Origin Holdings has announced a $20,000 donation to Spire's DollarHelp program, which assists limited-income customers with energy bills. This contribution is made through Origin's LillieMon Foundation. Origin supports Spire, a consulting client, in initiatives that provide essential services to communities, particularly during the ongoing challenges of the Coronavirus pandemic. Spire's DollarHelp program, in operation since 1982, allows customers to contribute to helping others maintain access to affordable and reliable natural gas. This partnership underscores the commitment to community support in times of need.

Spire Inc. (NYSE: SR) announced the pricing of a public offering of 3.2 million equity units, totaling $160 million, up from 3.0 million units. Each unit, priced at $50, consists of a common stock purchase contract and a beneficial interest in a senior note due 2026. The offering will close on February 16, 2021. The annual distribution is set at 7.50%, and proceeds will be used for corporate purposes and to repay short-term debt, estimated at $154 million, increasing to $168.5 million if additional units are purchased.