SR stock forecast, quote, news & analysis

Key Takeaways

• Spire Inc. (SR) traded near $83.28 in late July 2026, reflecting a modest gain of approximately 3% over the trailing 30 days amid a broader portfolio restructuring.
• The company has executed a sweeping transformation into a pure-play regulated natural gas utility through multiple divestitures and the acquisition of Piedmont Natural Gas Tennessee.
• Completed sales of Spire Storage ($650 million) and Spire Marketing ($215 million) have sharpened Spire's strategic focus and improved earnings visibility.
• Mizuho resumed coverage with an Outperform rating and an $88 price target, while Wells Fargo initiated at Overweight, reflecting analyst confidence in the simplified business model.
• Spire offers a 4.23% dividend yield and has raised its dividend for 23 consecutive years, underscoring a commitment to shareholder returns.
• The upcoming fiscal third-quarter earnings call on August 5, 2026, and the anticipated Missouri rate case filing represent near-term catalysts for investors.

Current Market Snapshot

Spire Inc. shares have exhibited relatively measured movement in recent weeks, closing at $83.28 on July 24, 2026, compared with $80.86 on June 26 — a gain of roughly 3% over the 30-day window. The contained price action reflects investor digestion of the company's sweeping portfolio repositioning. Over the broader quarter, SR has tracked lower from the $90.87 level recorded in late April, as the market adjusted to the company's evolving earnings profile following multiple asset sales and the integration of a major acquisition. Utility-sector dynamics, interest rate expectations, and regulatory sentiment across Spire's multi-state operating footprint continue to shape near-term trading patterns, while institutional ownership has seen notable repositioning amid the strategic reset.

Spire Inc. (SR) Business Overview and Competitive Position

Spire Inc. is one of the largest publicly traded natural gas utilities in the United States, serving approximately 2 million residential and commercial customers across Alabama, Mississippi, Missouri, and Tennessee. Through its regulated gas utility subsidiaries — including Spire Missouri, Spire Alabama, Spire Gulf, and Spire Mississippi — the company is engaged in the purchase, retail distribution, and sale of natural gas. Spire also operates midstream assets, including the Spire STL Pipeline and Spire MoGas Pipeline. Following a year of transformational transactions, Spire is now sharply focused on its regulated utility operations, a strategic pivot designed to reduce commodity price exposure, enhance earnings predictability, and support consistent long-term growth. The company's $11.2 billion 10-year capital investment plan targets 5-7% adjusted EPS growth, backed by infrastructure modernization, new business expansion, and constructive regulatory frameworks in its core jurisdictions.

Recent Developments Driving SR

The most consequential development shaping Spire in recent months is the company's aggressive portfolio repositioning. On March 31, 2026, Spire completed the acquisition of the Piedmont Natural Gas Tennessee business, adding approximately 200,000 customers, 3,800 pipeline miles, and an estimated $1.6 billion in rate base — substantially expanding its regulated utility footprint. This was followed by the April 30 sale of Spire Marketing to Boardwalk Pipelines for $215 million in cash. Then, on June 30, Spire finalized the $650 million sale of its natural gas storage operations in Wyoming and Oklahoma to I Squared Capital, with $600 million received at closing and a $50 million deferred payment due in fiscal 2027. On April 22, Spire also announced an agreement to sell its Mississippi natural gas business to Delta Utilities for $75 million, expected to close in fiscal 2027 pending regulatory approval.

These transactions have drawn significant analyst attention. In early July, Mizuho resumed coverage with an Outperform rating and an $88 price target, citing the simplified investment story and improved earnings visibility. Wells Fargo initiated coverage with an Overweight recommendation in May. Meanwhile, Jefferies maintained a Buy rating with a $92 target, BofA Securities raised its target to $95 with a Neutral rating, and JPM downgraded SR to Neutral, citing execution uncertainty following the restructuring. Spire also declared a quarterly dividend of $0.825 per share, maintaining its 23-year streak of annualized dividend increases. The company's fiscal second-quarter adjusted EPS of $3.76 beat consensus estimates of $3.63, though revenue of $1.02 billion fell short of the $1.09 billion expectation.

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2026 Outlook and What Investors Should Watch

Looking ahead, several factors will be critical for Spire's performance. The company's fiscal third-quarter earnings report, scheduled for August 5, 2026, will provide updated financial results and potentially revised guidance. Spire has set fiscal 2026 adjusted EPS guidance at $3.90-$4.10 and reaffirmed fiscal 2027 guidance of $5.40-$5.60, reflecting the full-year contribution from the Tennessee acquisition. The anticipated Missouri general rate case filing — expected later in 2026 with new rates effective in fiscal 2028 — represents a significant regulatory catalyst. The transition to a future test year framework in Missouri could meaningfully reduce regulatory lag and support improved earned returns.

Investors should also monitor the pace of integration for the Tennessee operations, the closing of the Mississippi divestiture, and broader macroeconomic factors including natural gas price trends, Federal Reserve interest rate policy, and utility-sector regulatory sentiment. Spire's ability to execute its $11.2 billion 10-year capital plan while maintaining its dividend growth track record will remain central to the investment thesis. Competitive dynamics within the regulated gas utility space — including peers such as OGS and UGI — may also influence relative valuation as the market continues to assess Spire's simplified, utility-focused profile.

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