Spire Inc. (SR) AI Stock Analysis

Spire Inc., based in Saint Louis, Missouri, is a natural gas utility provider originally established in 1857. Through its Gas Utility and Gas Marketing segments, the company purchases, distributes, and sells natural gas to residential, commercial, industrial, and other end-users across the United States. In addition to core gas distribution, Spire operates a propane pipeline for propane transportation, offers physical natural gas storage solutions, and provides comprehensive risk management services. The company employs 3,497 people and focuses on safe, reliable, and environmentally responsible energy infrastructure delivery.

Over the five years from FY2020 through FY2025, Spire achieved a revenue compound annual growth rate of 5.9%. Annual revenue declined 4.5% to $2.48B in FY2025 from $2.59B in FY2024, though net income rose to $271.7M with an operating margin of 21.2% and gross margin of 78.1%. Diluted EPS reached $4.48 in FY2025. Over the trailing twelve months ended June 30, 2026, revenue stood at $2.67B with an operating margin of 7.1% and EPS of $3.45. For the latest quarter ended June 30, 2026, quarterly revenue increased 19.2% year-over-year, while quarterly earnings jumped 1138.2%.

As of June 30, 2026, Spire held $20.7M in cash and short-term investments against total debt of $7.26B, resulting in net debt of $7.24B. Total assets stood at $14.09B, shareholders' equity was $3.58B, and the current ratio was 0.37 with a debt-to-equity ratio of 2.03. In FY2025, operating cash flow was $578.0M while capital expenditures reached $922.4M, leading to free cash flow of -$344.4M. Spire returned $197.0M through dividends, raised $76.2M through share issuance, and increased its share count by 14.3% over five years.

Spire trades at a trailing price-to-earnings ratio of 23.8x and a forward P/E of 14.9x, compared to medians of 20.6x and 17.2x for its US-listed Utilities peers. Its enterprise value of $11.81B represents an EV-to-EBITDA multiple of 12.3x, slightly above the peer median of 12.1x, while its price-to-sales of 1.8x sits below the peer median of 2.4x. Over the past year, the stock returned 0.6%, lagging the 16.8% return of the S&P 500 (SPY). Over five years, the stock gained 58.0% compared to 83.0% for the S&P 500.

Spire pays an annualized forward dividend of $3.30 per share, representing a 4.02% dividend yield with a payout ratio of 68.8%. Dividends are distributed quarterly and have been paid for 41 consecutive years. The company's annualized dividend growth rate over the last five years is 4.8%, with the most recent ex-dividend date on September 11, 2026.

Wall Street coverage consists of 5 Strong Buy, 1 Buy, and 5 Hold ratings, with no Sell or Strong Sell recommendations. The mean price target is $91.40, implying 11.4% upside from the last close of $82.03. For the fiscal year ending September 30, 2026, analysts project EPS of $4.01 on revenue of $2.49B. For the following fiscal year, 11 analysts estimate EPS will grow 36.7% to $5.49 on $2.96B in revenue. Spire beat EPS estimates in 1 of the last 4 quarters, and its next earnings date is November 13, 2026.

This page is an AI-written research summary of Spire Inc. (SR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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