Spire Inc (SR)
NYSE:SR
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
-0.15Last Year’s EPS
0.01Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a largely constructive strategic and financial picture: management executed a transformative, equity-free acquisition of Piedmont Tennessee, materially simplified the portfolio by completing one divestiture and agreeing to others, delivered solid Q2 continuing-operations results (adjusted EPS up ~18.6% YoY and Gas Utility earnings up >20%), and reaffirmed long-term 5%–7% EPS growth underpinned by a multi-year capital plan and rate base growth. Near-term challenges center on an unusual, weather-driven usage shortfall in Missouri (HDDs down 11.5%, usage per HDD down 7%, January usage ~28% below base), which produced a volumetric margin shortfall, lowered Gas Utility guidance for 2026, and introduced some timing uncertainty around regulatory recovery via the AAO. Higher interest and certain corporate costs also pressured Other results. On balance, the positives from strategic execution, funding without equity, strong underlying utility earnings, and reaffirmed long-term outlook outweigh the near-term weather and financing headwinds.Company Guidance
Completed Tennessee Acquisition and Integration Progress
Closed acquisition of Piedmont Tennessee on March 31, 2026; added more than 200,000 customers in Greater Nashville. Financing completed without issuing common equity (including $900M junior subordinated notes, $825M Spire Tennessee senior notes and bridge $800M term loan). More than 200 employees transitioned and an 18-month transition services agreement is in place, with integration described as progressing smoothly.
Strong Second Quarter Adjusted Earnings
Continuing-operations adjusted earnings of $224 million, or $3.76 per share, versus $189 million, or $3.17 per share a year ago — an increase of approximately $35 million (about 18.5% YoY) and EPS growth of ~18.6%.
Gas Utility Segment Performance
Gas Utility earnings of $235 million, up roughly $40 million (described as over 20% increase) year-over-year, driven primarily by new rates in Missouri and Alabama and recovery on ~$1 billion of incremental Missouri rate base placed in service.
Portfolio Simplification and De-risking
Completed sale of Spire Marketing (closed April 30) and reached agreements to sell Spire Storage and Spire Mississippi; these transactions remove market-based earnings exposure and concentrate the company on regulated gas utilities to improve earnings visibility and risk profile.
Reaffirmed Guidance and Long-Term Growth Targets
Reaffirmed fiscal 2026 adjusted EPS guidance (continuing operations) of $3.90 to $4.10 and fiscal 2027 adjusted EPS range of $5.40 to $5.60. Maintained long-term adjusted EPS growth target of 5% to 7% anchored to a 2027 midpoint of $5.75.
Capital Investment and Rate Base Growth
Invested $386 million in CapEx in the first half of fiscal 2026; full-year CapEx expected at $797 million and a 10-year capital plan of $11.2 billion. Expected rate base growth of ~7% in Missouri and ~7.5% in Tennessee, and ~6% regulated equity growth in Alabama and Gulf.
Finance Actions and Credit Targeting
Issued $400 million of Spire Inc. senior notes in February; after divestitures lowered FFO-to-debt target to 14%–15% to align with a more focused regulated profile.
Regulatory Win Supporting Cash Flow
Missouri Public Service Commission approved a $16.5 million increase in the Infrastructure System Replacement Surcharge (ISRS), effective March, supporting cash flow and infrastructure recovery.
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 |
|---|---|---|---|
May 06, 2026 | $89.81 | $86.21 | -4.01% |
Feb 03, 2026 | $84.55 | $84.13 | -0.49% |
Nov 14, 2025 | $87.46 | $85.35 | -2.42% |
Aug 05, 2025 | $73.70 | $72.99 | -0.96% |
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 Jul 30, 2026, Before Open (Confirmed).
What is Spire Inc (SR) earnings time?
Spire Inc (SR) earnings time is at Jul 30, 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?
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What is SR EPS forecast?
SR EPS forecast for the fiscal quarter 2026 (Q3) is -0.15.