Education
About Us
Working with TipRanks
Follow Us
Spire Inc (SR)
NYSE:SR
Earnings Data
Report Date
May 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
3.68Last Year’s EPS
3.6Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a decidedly positive operational and financial picture: materially higher adjusted earnings and EPS, strong utility performance driven by new rates, reaffirmed multi-year guidance, disciplined capital spending and a large ten-year capital plan, successful operational response to extreme weather, and concrete financing activity supporting the Tennessee acquisition. Offsetting issues include a delayed timeline for storage asset sales, higher O&M/depreciation/interest expense partially offsetting gains, incremental debt issuance related to preferred redemption, and pending regulatory approval and integration risks for the Tennessee acquisition. Overall, the positive drivers and reaffirmed guidance outweigh the headwinds.Company Guidance
Strong Quarterly Earnings and EPS Growth
Adjusted earnings of $108 million ($1.77 per share) in Q1 FY2026 versus $81 million ($1.34) a year ago — an increase of $27 million (33.3% in aggregate earnings) and EPS growth of ~32.1% year-over-year.
Gas Utilities Performance
Gas Utilities segment earned $104 million, up over 33% (~$26 million) year-over-year, driven by new Missouri rates and higher margin under the RSE in Alabama.
Marketing and Midstream Contributions
Gas marketing earnings of $4.5 million (up $2.3 million, ~104.5% YoY improvement) due to increased portfolio optimization; Midstream earnings of $12.7 million, up almost $1 million (~8.5% YoY), supported by additional capacity at Spire Storage.
Reaffirmed Guidance and Long-Term Targets
Reaffirmed FY2026 adjusted EPS guidance of $5.25–$5.45 and FY2027 guidance of $5.65–$5.85, plus a long-term adjusted EPS growth target of 5%–7% and a ten-year capital plan of $11.2 billion.
Capital Investment Discipline
Q1 CapEx of $230 million (majority toward utilities for system upgrades and modernization); FY2026 CapEx guidance of $800–$900 million. Near-term CapEx was lower YoY due to near completion of St. Louis AMI and wrap-up of storage expansion.
Operational Resilience During Extreme Weather
Successful operational response to winter storm Fern — delivered gas equivalent to ~31 GW of electric generation at lower customer cost and met all customer obligations, demonstrating system reliability and effective hedging/utility purchasing strategies.
Progress on Tennessee Acquisition and Financing
On track to close Piedmont (Tennessee) acquisition (pending Tennessee PUC approval). Financing activity includes $900 million junior subordinated notes issued, $825 million master note purchase for Spire Tennessee, expectation of minimal common equity needs, and a financing plan aimed at maintaining current credit ratings.
Balance Sheet and Financing Targets Maintained
Targeting FFO to debt of 15%–16%; excluding Tennessee, expected equity needs of $0–$50 million per year; recent issuance activity (e.g., $200 million first mortgage bonds and $200 million 6.38% JSNs) undertaken to support financing plan.
Strategic Simplification and Pipeline Consolidation
Merger of STL and Mogas pipelines completed on January 1, 2026 (now Spire Mogas). Company continuing a portfolio simplification effort, including an active evaluation of storage asset sales.
SR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 14, 2025 | $88.27 | $86.13 | -2.42% |
Aug 05, 2025 | $74.38 | $73.66 | -0.96% |
Apr 30, 2025 | $74.71 | $74.20 | -0.67% |
Feb 05, 2025 | $68.17 | $68.33 | +0.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Spire Inc (SR) report earnings?
Spire Inc (SR) is schdueled to report earning on May 06, 2026, Before Open (Confirmed).
What is Spire Inc (SR) earnings time?
Spire Inc (SR) earnings time is at May 06, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SR EPS forecast?
SR EPS forecast for the fiscal quarter 2026 (Q2) is 3.68.