Inside the research
Spire Inc.
SR Research profile · latest available data
Price overview
$77.21
▲ +0.42 (+0.5%)
| 52w hi | $93.26 |
|---|---|
| 52w lo | $75.17 |
| Vol | 489.00K |
| As of | 25 Sep 2026 |
The Verdict
Our score -0.25
| Short | -0.16 |
|---|---|
| Medium | -0.42 |
| Long | -0.08 |
computed 2026-09-27
Key fundamentals
Spire Inc.
Utilities · Utilities - Regulated Gas
| Market cap | $4.56B |
|---|---|
| Enterprise value | $11.80B |
| Trailing P/E | 17.04x |
| Forward P/E | 14.07x |
| EV / EBITDA | 12.26x |
| P / S (ttm) | 1.71x |
| Profit margin | 20.6% |
| Return on equity | 8.1% |
| Revenue growth | +19.2% |
| Earnings growth | +1138.2% |
| Debt / equity | 202.61 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.34 | |
| Sector | -0.10 | |
| Technical | -0.20 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates through three segments: Gas Utility, Gas Marketing, and Midstream. It is also involved in the marketing of natural gas and related services; and transportation and storage of natural gas. In addition, the company engages in the operation of propane through its propane pipeline, risk management, and other activities. Spire Inc. was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in Saint Louis, Missouri.
Risk Metrics
| Beta vs SPX | 0.13 |
|---|---|
| Corr SPX | 0.10 |
| Annual vol | 20.2% |
| Annual ret | +9.5% |
| Sharpe | 0.47 |
| Max DD | -20.2% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-08-05 | Earnings Release, Reg FD Disclosure… | read |
| 2026-07-08 | Reg FD Disclosure, Exhibits | read |
| 2026-06-30 | Acquisition / Disposition, Reg FD Disclosure… | read |
| 2026-05-06 | Earnings Release, Reg FD Disclosure… | read |
| 2026-05-01 | Material Agreement, Exhibits | read |
| 2026-04-30 | Acquisition / Disposition, Reg FD Disclosure… | read |
| 2026-04-22 | Material Agreement, Reg FD Disclosure… | read |
| 2026-04-15 | Material Agreement, Reg FD Disclosure… | read |
| 2026-03-31 | Material Agreement, Acquisition / Disposition… | read |
| 2026-03-30 | Material Agreement, Reg FD Disclosure… | read |
| 2026-03-16 | Other Material Event | read |
| 2026-02-18 | Bylaws Amendment, Other Material Event… | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-08-10 | Krick Timothy W | Officer, VP, Chief Accoun | Grant | 1.23K | $99.68K |
| 2026-06-15 | Woodard Adam W. | Officer, Treasurer | I | 1.10K | $86.52K |
| 2026-06-11 | KOONCE PAUL D | Director | Buy | 500 | $39.23K |
| 2026-06-09 | Hyman Ryan L | Officer, SVP, CCIO | Sell | 3.82K | $307.71K |
| 2026-06-01 | KOONCE PAUL D | Director | Buy | 500 | $40.25K |
| 2026-05-08 | KOONCE PAUL D | Director | Buy | 2.00K | $171.62K |
| 2026-02-13 | KOONCE PAUL D | Director | J | 8.85K | $221.15K |
| 2026-02-05 | Newberry Brenda D | Director | Grant | 1.64K | $139.84K |
| 2026-02-05 | KOONCE PAUL D | Director | Grant | 1.64K | $139.84K |
| 2026-02-05 | Jones Rob L. | Director | Grant | 1.64K | $139.84K |
Flow & Concentration
| Insider 180d net | -$56.61K |
|---|---|
| Insider buys / sells | 3 / 1 |
| Insider bias | Neutral |
| 13F holders | 7 |
| Top-5 share | 99.6% |
| HHI | 4,979 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $247.94M | 3.14M |
| Capital Research / Capital World | $36.18M | 463.28K |
| AQR Capital Management | $30.46M | 390.02K |
| Renaissance Technologies | $26.78M | 343.00K |
| Fidelity / FMR LLC | $17.80M | 227.99K |
| Citadel Advisors | $1.41M | 18.10K |
| T. Rowe Price Group | $6.14K | 78.69K |
As of 2026-06-30
Dividends
| Yield (TTM) | 2.14% |
|---|---|
| $ / share (TTM) | $1.65 |
| 5y CAGR | +4.8% |
Annual dividend per share
| 2021 | $2.64 |
|---|---|
| 2022 | $2.78 |
| 2023 | $2.92 |
| 2024 | $3.05 |
| 2025 | $3.18 |
| 2026 | $0.82 |
SEC Filings
The Long Run
FY 2010–2025 · 16 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $2.67B | +7.8% | |
| Operating income | $523.90M | +10.8% | |
| Net income | $250.90M | +8.7% | |
| Cash from ops | $912.40M | +10.4% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $76.68 | $77.67 | $76.15 | $77.21 | 489.00K |
| Sep 24 | $77.75 | $78.28 | $76.47 | $76.79 | 512.90K |
| Sep 23 | $79.39 | $79.40 | $76.82 | $77.39 | 608.90K |
| Sep 22 | $79.72 | $80.24 | $78.50 | $78.50 | 758.20K |
| Sep 21 | $79.53 | $80.98 | $79.24 | $79.76 | 523.90K |
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