Spire Inc. (SR)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Spire Inc. (SR) trades at $78.20 with AI Score 38/100 (Grade D). Spire Inc. is a utility company focused on the purchase, distribution, and sale of natural gas. Market cap: $4.62B, Sector: Utilities.
Price live · AI analysis from May 10, 2026SR stock analysis for 2026: Analysts have set a consensus price target of $94.75 for Spire Inc., suggesting 21.2% upside from the current price of $78.20. The AI MoonshotScore is 38/100, indicating a bearish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
SR: the 7 perspectives are evenly split. Dominant signal: Ken Griffin bullish.
How is this calculated? →Spire Inc. (SR) Utility Operations & Dividend Profile
Spire Inc. (SR) is a U.S.-based natural gas company focused on regulated gas distribution and marketing. With a history dating back to 1857, Spire serves a diverse customer base across multiple states. The company's operations are divided into Gas Utility and Gas Marketing segments, positioning it as a key player in the utilities sector.
What Is the Investment Thesis for SR?
Spire Inc. presents a stable investment opportunity within the utilities sector, driven by its regulated gas distribution business. With a current P/E ratio of 14.4 and a dividend yield of 3.76%, Spire offers a blend of value and income. The company’s consistent profitability, demonstrated by a 14.1% profit margin, supports its dividend payouts. Growth catalysts include infrastructure modernization projects and potential expansion into new service territories. However, investors may want to evaluate regulatory risks and fluctuations in natural gas prices, which could impact profitability. The company's beta of 0.62 suggests lower volatility compared to the broader market.
Based on FMP financials and quantitative analysis
SR Key Highlights
- Market capitalization of $4.62B, reflecting its established position in the utilities sector.
- P/E ratio of 14.4, indicating a potentially undervalued stock compared to its earnings.
- Dividend yield of 3.76%, providing a steady income stream for investors.
- Profit margin of 14.1%, showcasing efficient operations and profitability.
- Beta of 0.62, suggesting lower volatility compared to the overall market.
Who Are SR's Competitors?
SR is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| NI NiSource Inc. | $47.23 | -1.24% | $22.64B | 61 |
| SWX Southwest Gas Holdings, Inc. | $88.51 | -1.45% | $6.41B | 58 |
| NJR New Jersey Resources Corporation | $56.45 | -1.82% | $5.70B | 76 |
| OGS ONE Gas, Inc. | $75.70 | -2.10% | $4.75B | 60 |
| NWE Northwestern Energy Group Inc | $70.35 | -1.36% | $4.33B | 50 |
| NPPGF Nippon Gas Co., Ltd. | $17.13 | +0.00% | $429.11M | 62 |
| OPAL OPAL Fuels Inc. | $2.10 | -0.24% | $59.54M | 53 |
| SUUIF Superior Plus Corp. | $5.50 | -1.79% | $1.18B | 51 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are SR's Key Strengths?
- Stable revenue stream due to regulated utility operations.
- Essential service with consistent demand.
- Established infrastructure and distribution network.
- Experienced management team.
What Are SR's Weaknesses?
- Vulnerability to fluctuations in natural gas prices.
- Dependence on regulatory approvals and policies.
- Exposure to environmental regulations and compliance costs.
- Limited growth opportunities outside of regulated service territories.
What Could Drive SR Stock Higher?
- Infrastructure modernization projects aimed at enhancing safety and reliability.
- Regulatory approvals for rate increases in key service territories.
- Integration of renewable natural gas (RNG) into the distribution system.
- Potential acquisitions of smaller utility companies to expand service areas.
What Are the Key Risks for SR?
- Financial-distress signal — its Altman Z-Score of 0.58 sits in the distress zone (elevated bankruptcy risk).
- Fluctuations in natural gas prices impacting profitability.
- Regulatory changes affecting rate structures and environmental compliance.
- Cybersecurity threats targeting critical infrastructure.
- Economic downturns reducing demand for natural gas.
- Increased competition from alternative energy sources.
What Are the Growth Opportunities for SR?
- Infrastructure Modernization: Spire has the opportunity to invest in modernizing its natural gas infrastructure, replacing aging pipelines and upgrading distribution systems. These investments enhance safety, reduce methane emissions, and improve service reliability. These improvements can lead to higher regulatory returns and increased operational efficiency. The company can capitalize on government incentives and funding programs aimed at modernizing energy infrastructure. Timeline: Ongoing.
- Service Territory Expansion: Spire can pursue strategic acquisitions and expansions into new service territories to increase its customer base and revenue. Expanding into adjacent markets allows Spire to leverage its existing infrastructure and expertise. Identifying underserved or rapidly growing areas presents a significant growth opportunity. Timeline: Medium-term.
- Renewable Natural Gas (RNG) Integration: Spire can integrate renewable natural gas (RNG) into its distribution system, reducing its carbon footprint and meeting growing demand for cleaner energy sources. RNG, derived from organic waste, offers a sustainable alternative to traditional natural gas. Investing in RNG projects and partnerships can enhance Spire’s environmental profile and attract environmentally conscious customers. Timeline: Medium-term.
- Enhanced Customer Service Technologies: Investing in advanced customer service technologies, such as smart meters and online portals, can improve customer satisfaction and reduce operational costs. These technologies provide customers with real-time usage data, allowing them to better manage their energy consumption. Enhanced customer service can lead to higher customer retention rates and positive word-of-mouth referrals. Timeline: Ongoing.
- Data Analytics and Operational Efficiency: Utilizing data analytics to optimize its operations, predict maintenance needs, and improve resource allocation. Analyzing customer usage patterns, weather data, and system performance can help Spire make informed decisions and reduce costs. Implementing predictive maintenance programs can minimize downtime and improve system reliability. Timeline: Ongoing.
What Opportunities Does SR Have?
- Infrastructure modernization and expansion projects.
- Strategic acquisitions of other utility companies.
- Integration of renewable natural gas (RNG) into its distribution system.
- Adoption of advanced technologies to improve efficiency and customer service.
What Threats Does SR Face?
- Increasing competition from alternative energy sources.
- Changes in government regulations and policies.
- Economic downturns that could reduce demand for natural gas.
- Cybersecurity threats to critical infrastructure.
What Are SR's Competitive Advantages?
- Regulated Monopoly: Spire operates as a regulated utility in its service territories, providing a natural monopoly and limiting competition.
- Essential Service: Natural gas is an essential service for heating and cooking, creating a stable and consistent demand.
- Infrastructure: The company's extensive natural gas pipeline and distribution infrastructure represent a significant barrier to entry for potential competitors.
- Long-Term Contracts: Spire has long-term contracts with its customers and suppliers, providing revenue stability.
What Does SR Do?
Spire Inc., founded in 1857 and headquartered in St. Louis, Missouri, is a public utility holding company that provides natural gas services through its subsidiaries. Originally known as The Laclede Group, Inc., the company rebranded as Spire Inc. in April 2016. Spire's core business involves the purchase, retail distribution, and sale of natural gas to a diverse customer base, including residential, commercial, and industrial users, primarily within the United States. The company operates through two main segments: Gas Utility and Gas Marketing. The Gas Utility segment focuses on regulated natural gas distribution, ensuring reliable service to its customers. The Gas Marketing segment engages in the marketing of natural gas, transportation of propane via pipeline, compression of natural gas, risk management, and physical natural gas storage services. Spire’s operations are geographically concentrated, with a significant presence in Missouri and Alabama. The company's strategic focus includes investing in infrastructure modernization, expanding its service territories, and enhancing customer service to maintain its competitive edge in the regulated gas utility market.
What Products and Services Does SR Offer?
- Purchases natural gas from various sources.
- Distributes natural gas to residential customers.
- Distributes natural gas to commercial customers.
- Distributes natural gas to industrial customers.
- Transports propane through its propane pipeline.
- Provides natural gas storage services.
- Markets natural gas to end-users.
How Does SR Make Money?
- Generates revenue through the regulated distribution of natural gas to residential, commercial, and industrial customers.
- Earns revenue from gas marketing activities, including the sale and transportation of natural gas.
- Profits from providing natural gas storage services.
- Revenue is also generated from transporting propane through its pipeline.
What Industry Does SR Operate In?
Spire Inc. operates within the regulated gas utility industry, a sector characterized by stable demand and regulated pricing. The industry is undergoing modernization, with companies investing in infrastructure upgrades to enhance safety and reliability. The competitive landscape includes other major players like NiSource Inc. (NI) and Southwest Gas Holdings, Inc. (SWX). These companies compete for market share within their respective service territories and through strategic acquisitions. The industry is also influenced by environmental regulations and the increasing focus on reducing carbon emissions.
Who Are SR's Key Customers?
- Residential customers who use natural gas for heating, cooking, and water heating.
- Commercial customers, including businesses and institutions, that use natural gas for heating, cooling, and other processes.
- Industrial customers that use natural gas as a fuel source or feedstock in their manufacturing processes.
- Other end-users of natural gas.
How Spire Inc. Is Valued
Spire Inc. carries a market capitalization of $4.62B, placing it in the mid-cap category. Relative to its peer group, SR's quantitative score of 38/100 is below the peer average of 61/100.
Company Profile
Spire Inc. operates in the Regulated Gas industry within the Utilities sector. It is headquartered in Saint Louis, US. The company is led by CEO Scott Edward Doyle. SR has traded publicly since 1973.
ROE 10%Key Financial Metrics
Return on equity for Spire Inc. stands at 10.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.4%, showing how much profit it generates from its asset base. SR trades at a trailing price-to-earnings ratio of 14.37, below the Utilities sector average of ~28x. Its free cash flow yield is -4.3%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.55 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 7.6%, the inverse of the P/E and a quick read on earnings relative to price.
F-Score 5/9Financial Health
Spire Inc.'s Piotroski F-Score is 5/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.58 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Spire Inc. revenue of about $2.62B for fiscal 2026, with EPS near $4.13. The estimate reflects 6 contributing analysts.
Net buyingInsider Activity
Over the past six months, Spire Inc. insiders filed 15 SEC Form 4 transactions — 3 sales and 12 purchases. On net that is roughly 3K shares acquired (about $814K) — insiders putting money in tends to read as conviction.
SR Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Spire's infrastructure focus aligns with long-term energy needs, making it a stable play in a volatile market. Think of it like utilities during the dot-com bust – essential services endure.
- Recent insider buying suggests those in the know see value, a classic signal of confidence. It's not a guarantee, but it's a vote of faith from management.
- Community sentiment leans towards viewing Spire as a 'safe haven' during economic uncertainty, reflecting a flight to stability. Similar to how investors flocked to bonds during the 2008 crisis.
- Spire's consistent dividend payouts provide a steady income stream, attracting long-term investors seeking reliable returns. It's the tortoise, not the hare, in the investment race.
Bear Case
- Community chatter indicates concerns about regulatory hurdles impacting future projects, creating uncertainty. It's like waiting for government approval for a crucial drug.
- The shift towards renewable energy sources could threaten Spire's long-term relevance, a challenge similar to Blockbuster facing Netflix.
- Negative social sentiment focuses on Spire's potential environmental impact, leading to reputational risks and possible consumer backlash. Think BP after the Deepwater Horizon spill.
- Insider selling, though not always indicative of negativity, raises questions about long-term growth prospects. It's a yellow flag, not necessarily a red one, but worth noting.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · January 2026
SR Latest News
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Spire Closes $657 Million Sale of Belle Butte
MT Newswires · Jun 30, 2026
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Bear River Midstream Launches as an Independent Natural Gas Storage Company, Backed by I Squared Capital
Yahoo! Finance: SR News · Jun 30, 2026
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Spire completes sale of natural gas storage businesses to I Squared Capital for $650 million
prnewswire.com · Jun 30, 2026
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Is Spire Inc. (SR) A Good Stock To Buy Now?
Yahoo! Finance: SR News · Jun 29, 2026
SR Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for SR.
Price Targets
Consensus target: $94.75
SR MoonshotScore
What does this score mean?
The MoonshotScore rates SR's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Latest News
Spire Closes $657 Million Sale of Belle Butte
Bear River Midstream Launches as an Independent Natural Gas Storage Company, Backed by I Squared Capital
Spire completes sale of natural gas storage businesses to I Squared Capital for $650 million
Is Spire Inc. (SR) A Good Stock To Buy Now?
Leadership: Scott Edward Doyle
President and Chief Executive Officer
Scott Edward Doyle serves as the President and Chief Executive Officer of Spire Inc. His career spans several leadership roles within the energy sector. He has extensive experience in utility operations, strategic planning, and financial management. Doyle's background includes a strong focus on regulatory affairs and stakeholder engagement. He is known for his commitment to safety, reliability, and customer service.
Track Record: Under Scott Doyle's leadership, Spire Inc. has focused on modernizing its infrastructure and expanding its service territories. He has overseen significant investments in pipeline upgrades and technology improvements. Doyle has also emphasized sustainability initiatives, including the integration of renewable natural gas. His strategic decisions have contributed to the company's consistent financial performance and dividend growth.
Spire Inc. Utilities Stock: Key Questions Answered
What does Spire Inc. do?
Spire Inc. is a natural gas company that purchases, distributes, and sells natural gas to residential, commercial, and industrial customers in the United States. The company operates through two segments: Gas Utility and Gas Marketing. The Gas Utility segment focuses on regulated natural gas distribution, while the Gas Marketing segment is involved in marketing natural gas, transporting propane, compressing natural gas, managing risk, and providing storage services. Spire aims to provide reliable and affordable energy solutions to its customers.
What do analysts say about SR stock?
Analysts covering Spire Inc. typically focus on its regulated utility operations, dividend yield, and infrastructure investment plans. The consensus view generally reflects a stable outlook, considering the predictable nature of the regulated gas distribution business. Key valuation metrics include the price-to-earnings ratio and dividend payout ratio, which are compared against peers in the utilities sector. Growth considerations often revolve around regulatory approvals for rate increases and the successful execution of infrastructure modernization projects. Analysts also monitor the impact of natural gas price fluctuations on the company's profitability.
What are the main risks for SR?
Spire Inc. faces several key risks, including fluctuations in natural gas prices, which can impact its profitability. Regulatory changes and compliance costs pose ongoing challenges, as the company must adhere to evolving environmental standards and rate regulations. Cybersecurity threats are a growing concern for critical infrastructure, potentially disrupting operations. Economic downturns could reduce demand for natural gas, affecting revenue. Furthermore, increasing competition from alternative energy sources, such as solar and wind, could erode Spire's market share over the long term.
What are the key factors to evaluate for SR?
Spire Inc. (SR) holds an AI score of 38/100 (low). P/E: 14.4x vs the S&P 500's ~20-25x. Analysts target $94.75 (+21%). Not financial advice.
How frequently does SR data refresh on this page?
SR prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven SR's recent stock price performance?
Spire Inc. (SR) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Stable revenue stream due to regulated utility operations. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider SR overvalued or undervalued right now?
Spire Inc. (SR) trades at 14.4x earnings. Analysts target $94.75 (+21%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying SR?
Before investing in Spire Inc. (SR), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.