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Spire posts stronger Q1 2026 results, affirms outlook

Story Highlights
  • Spire’s fiscal Q1 2026 earnings rose sharply, led by higher utility, midstream and marketing results.
  • The company reinforced long-term growth plans with major financings, robust capex and reaffirmed earnings guidance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Spire posts stronger Q1 2026 results, affirms outlook

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The latest update is out from Spire ( (SR) ).

On February 3, 2026, Spire reported fiscal 2026 first-quarter results for the period ended December 31, 2025, posting net income of $95.0 million, or $1.54 per diluted share, up from $81.3 million, or $1.34 per share, a year earlier, and adjusted earnings of $108.4 million, or $1.77 per share. The Gas Utility segment drove much of the improvement, with adjusted earnings rising to $103.9 million on the back of new rates in Missouri, infrastructure surcharge revenues and higher margins in Alabama, partially offset by lower volumetric margins and higher depreciation and interest expense, while gas marketing and midstream also delivered higher contributions. The company advanced a sizable financing program tied to its Tennessee acquisition and capital plan, including junior subordinated and senior note issuances and new first mortgage bonds, and reiterated its adjusted earnings guidance ranges for fiscal 2026 and 2027, underpinned by an $11.2 billion 10‑year capital investment plan that targets 5–7% long-term adjusted EPS growth and reflects planned acquisition of Tennessee utility assets and an anticipated divestiture of gas storage facilities, both pending regulatory approval and board authorization.

The most recent analyst rating on (SR) stock is a Buy with a $93.00 price target. To see the full list of analyst forecasts on Spire stock, see the SR Stock Forecast page.

Spark’s Take on SR Stock

According to Spark, TipRanks’ AI Analyst, SR is a Neutral.

The score is led by stable fundamentals and improving leverage, plus supportive technical trend and a solid dividend. The primary constraint is cash flow quality (negative free cash flow in 2025), partially offset by favorable multi-year EPS guidance and constructive corporate actions tied to growth investments.

To see Spark’s full report on SR stock, click here.

More about Spire

Spire Inc. (NYSE: SR) is a regulated natural gas utility with operations centered in Missouri, Alabama and related midstream and marketing businesses, including Spire Storage and a gas marketing segment. The company focuses on delivering natural gas service to residential, commercial and industrial customers, while investing in infrastructure modernization and pursuing selective acquisitions such as the pending purchase of the Piedmont Natural Gas Tennessee business.

Average Trading Volume: 420,764

Technical Sentiment Signal: Strong Buy

Current Market Cap: $4.99B

Learn more about SR stock on TipRanks’ Stock Analysis page.

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