Pulling SEC filings + quote and writing the call…

SPIRE INC
Next earnings Aug 3, 2026 · consensus $0.08 EPS, $383M rev
Last earnings -4.0% on 2026-05-06
Steady regulated gas utility with a growing dividend and rate-base growth, but heavy capex, rising debt and an 8% ROE cap the upside.
Sources: SEC EDGAR (CIK 0001126956, latest 10-Q filed 2026-05-06) · analysis by claude-code · as of 6/21/2026, 9:02:04 PM.
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Spire is a regulated natural-gas distribution utility (with smaller gas-marketing and midstream operations), the classic defensive, income-oriented holding. FY2025 was solid for a regulated name: net income grew 8.3% to $272M and operating income rose 7.3% to $524M (a 21.2% operating margin), even as revenue declined 4.5% to $2.48B on lower pass-through gas costs. Diluted EPS rose 4.3% to $4.37, with the gap to net-income growth reflecting a 2.2% increase in shares. The business is stable and predictable, with earnings set largely by regulators on an expanding rate base.
The risks, catalysts, 12-month price target and the cited SEC figures behind this rating — with Pro.
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| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.24B | $2.20B | $2.67B | $2.59B | $2.48B |
| Gross profit | — | — | — | — | — |
| Operating income | $450M | $408M | $419M | $488M | $524M |
| Net income | $272M | $221M | $218M | $251M | $272M |
| Diluted EPS | $4.96 | $3.95 | $3.85 | $4.19 | $4.37 |
| Net margin | 12.2% | 10.0% | 8.2% | 9.7% | 11.0% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Source: EODHD. Yield = trailing-12-month dividends ÷ price.
Disclosed under the STOCK Act
Self-reported periodic transaction reports (STOCK Act). Amounts are disclosed ranges; a trade may be a spouse's. Disclosures lag the trade by up to ~45 days. Source: House Clerk + Senate eFD.
1046 tracked peers · median
Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.
Last 90 days: 3 open-market buys · 1 sale
| 2026-06-15 | Woodard Adam W. Treasurer | Acquired (I) | 1.10K @ $78.65 | $86.5K |
| 2026-06-11 | KOONCE PAUL D Director | Buy | 500.00 @ $78.46 | $39.2K |
| 2026-06-09 | Hyman Ryan L SVP, CCIO | Sell | 3.82K @ $80.51 | $308K |
| 2026-06-01 | KOONCE PAUL D Director | Buy | 500.00 @ $80.50 | $40.3K |
| 2026-05-08 | KOONCE PAUL D Director | Buy | 2.00K @ $85.81 | $172K |
| 2026-02-13 | KOONCE PAUL D Director | Disposed (J) | 8.85K @ $25.00 | $221K |
| 2026-02-05 | Newberry Brenda D Director | Award | 1.64K @ $85.27 | $140K |
| 2026-02-05 | KOONCE PAUL D Director | Award | 1.64K @ $85.27 | $140K |