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Spire Inc

Spire Inc

SR
$80.20USD↓-1.56%-1.27 today

MARKET CAP

4.7B

P/E (TTM)

14.1x

FWD P/E

—

DAY RANGE

$80 – $82

52W RANGE

$75
$95

AI Summary

Stalk
StalkMedium

The stock remains in a corrective base within a narrow range, showing early signs of mean-reversion following a bullish pivot pattern. Both medium- and long-term biases are bullish, but near-term entry edges are unclear at current resistance. We will stalk for pullbacks into the 9/20 EMAs near the lower consolidation zone or await a clean breakout above resistance before committing.

  • ↑Piedmont deal to widen service area and enhance long-term earnings visibility
  • ↑Adjusted EPS jumped 18.6% YoY to $3.76, driven by operational efficiency
  • ↓Weather-driven usage swings not fully offset by normalization mechanism
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The case for & against

Bull & Bear analysis

Bullish

Spire Inc. (NYSE: SR) is a leading natural gas utility organization providing services across several states, including Missouri and Alabama. With a primary focus on regulated natural gas services, Spire is strategically realigning its business model through acquisitions and divestitures, notably the pending acquisition of Piedmont Natural Gas in Tennessee. This consolidation aims to enhance long-term earnings visibility and drive value creation within a sector experiencing increasing demand for reliable utility services and infrastructure modernization.

Bull says

  • ↑Piedmont deal to widen service area and enhance long-term earnings visibility
  • ↑Adjusted EPS jumped 18.6% YoY to $3.76, driven by operational efficiency
  • ↑Quarterly dividend of $0.825/share supports reliable 5–7% long-term EPS growth
  • ↑Pending $210 M annual revenue lift under regulatory approval strengthens cash flow
  • ↑Valuation attractive with high earnings yield and low book-to-price ratio
  • ↑Well-managed debt profile and low stock volatility reduce investor risk

Bear says

  • ↓Weather-driven usage swings not fully offset by normalization mechanism
  • ↓Integration costs and cost management challenges pressure profit margins
  • ↓Weak growth momentum and downward analyst revisions signal slowdown
  • ↓Upcoming Missouri rate case risks unfavorable outcomes and revenue targets
  • ↓Limited liquidity and balance sheet vulnerabilities may restrict financial flexibility
  • ↓Analyst sentiment turning negative raises risk of earnings downgrades

Investment themes with SR

High Dividend Yield↓ -0.51%

Companies paying above-average dividends

AVGO · JPM · XOM

Earnings Call · Q2 2024 · Mgmt. Guidance

Updated 05-04-2025bullish

Transcript signals

Bull points

  • the beauty of the weather headwinds, if there's any bright sides to that cloud that we've dealt with, is that we would expect to get that to normalize weather and mitigation next year, which is essentially what we had in Missouri last year.
  • we do see deferred gas costs almost completely recovered here at the end of the quarter and hope to be completely recovered here shortly.
  • now that we have largely recovered all of our deferred gas costs, I think we can expect with April bills. And as they flow through, we'll get the rest of that deferred gas cost recovered.

Bear points

  • those lower volumes have negatively impacted that cash flow growth trajectory, so we do -- while we still see very steady progress to that target range, we do now expect that to happen after year-end '24.
Read full transcript analysis ›