SR

Spire Inc

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Advanced Chart

76.040

+0.34(0.449%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

76.360

Open

75.820

VWAP

75.93

Vol

496.05K

Mkt Cap

4.49B

Low

75.280

Amount

37.67M

EV/EBITDA(TTM)

11.50

Total Shares

57.75M

9.62B

EV/OCF(TTM)

14.45

P/S(TTM)

1.82

Spire Inc. is a holding company for Spire Missouri Inc. (Spire Missouri), Spire Alabama Inc. (Spire Alabama), other gas utilities, and gas-related businesses. Spire Missouri is a public utility engaged in the purchase, retail distribution and sale of natural gas. Spire Alabama is a public utility engaged in the purchase, retail distribution and sale of natural gas principally in central and northern Alabama, serving residential, commercial and industrial customers. The Company's segments include Gas Utility, Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Spire Missouri, Spire Alabama, Spire Gulf Inc. and Spire Mississippi Inc. The Gas Marketing segment includes Spire Marketing Inc., a wholly owned subsidiary providing natural gas marketing services. The Midstream segment includes Spire STL Pipeline LLC, Spire MoGas Pipeline LLC, and Spire Storage, which are subsidiaries engaged in the transportation and storage of natural gas.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

390.90M

+33.05%

-0.368

-31.84%

789.43M

+17.98%

1.526

+13.89%

1.14B

+8.59%

3.541

-1.63%

Estimates Revision

The market is revising Downward the revenue expectations for Spire Inc. (SR) for FY2025, with the revenue forecasts being adjusted by -2.29% over the past three months. During the same period, the stock price has changed by 5.33%.

Revenue Estimates for FY2025

Revise Downward

-2.29%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-0.1%

In Past 3 Month

Stock Price

Go Up

+5.33%

In Past 3 Month

5 Analyst Rating

8.63% Upside

Wall Street analysts forecast SR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SR is 82.60 USD with a low forecast of 81.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

2 Buy

3 Hold

0 Sell

Moderate Buy

8.63% Upside

Current: 76.040

Low

81.00

Averages

82.60

High

85.00

8.63% Upside

Current: 76.040

Low

81.00

Averages

82.60

High

85.00

BofA

Ross Fowler

Neutral

maintain

$73 -> $81

2025-07-24

Reason

BofA

Ross Fowler

Price Target

$73 -> $81

2025-07-24

maintain

Neutral

Reason

BofA analyst Ross Fowler raised the firm's price target on Spire to $81 from $73 and keeps a Neutral rating on the shares. The firm, which forecasts Q3 EPS of (10c), versus the Street at (12c), adjusted its FY26 and FY27 estimates for reduced regulatory lag in Missouri from new rates and use of a future test year in future rate case filings post 2026.

Stifel

Selman Akyol

Hold

maintain

$69 -> $81

2025-07-15

Reason

Stifel

Selman Akyol

Price Target

$69 -> $81

2025-07-15

maintain

Hold

Reason

Stifel analyst Selman Akyol raised the firm's price target on Spire to $81 from $69 and keeps a Hold rating on the shares.

Morgan Stanley

David Arcaro

Equal Weight

maintain

$78 -> $80

2025-06-19

Reason

Morgan Stanley

David Arcaro

Price Target

$78 -> $80

2025-06-19

maintain

Equal Weight

Reason

Morgan Stanley analyst David Arcaro raised the firm's price target on Spire to $80 from $78 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPPs North America sector, noting utilities underperformed the S&P in May, the analyst tells investors.

JPMorgan

Overweight -> Overweight

downgrade

$85 -> $83

2025-05-28

Reason

JPMorgan

Price Target

$85 -> $83

2025-05-28

downgrade

Overweight -> Overweight

Reason

JPMorgan lowered the firm's price target on Spire to $83 from $85 and keeps an Overweight rating on the shares. The firm updated models in the North American utilities group.

Morgan Stanley

Equal Weight

downgrade

$84 -> $78

2025-05-22

Reason

Morgan Stanley

Price Target

$84 -> $78

2025-05-22

downgrade

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on Spire to $78 from $84 and keeps an Equal Weight rating on the shares. The firm is updating its price targets for stocks in the Regulated & Diversified Utilities / IPP North America sector under its coverage, the analyst tells investors. Utilities continue to see strong interest from both data centers and large load customers, the firm notes. Additionally, management teams believe any changes to the IRA are manageable, with many companies with safe harboring in place, the firm adds.

Guggenheim

Shahriar Pourreza

Hold

Maintains

$67 → $72

2025-04-01

Reason

Guggenheim

Shahriar Pourreza

Price Target

$67 → $72

2025-04-01

Maintains

Hold

Reason

Guggenheim raised the firm's price target on Spire to $72 from $67 and keeps a Neutral rating on the shares. The firm recently had "a very strong" round of meetings with Spire's C-suite that highlighted Missouri as a "premium jurisdiction," along with a de-risked rate case proceeding and a "conservative plan with upside opportunities," but the firm adds that it "missed out on an entry point with shares outperforming the index by about 9%." The firm will now seek a better entry point "in time" following the "constructive" meetings, the analyst tells investors.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Spire Inc (SR.N) is 16.04, compared to its 5-year average forward P/E of 15.96. For a more detailed relative valuation and DCF analysis to assess Spire Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

15.96

Current PE

16.04

Overvalued PE

17.97

Undervalued PE

13.95

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

11.31

Current EV/EBITDA

10.49

Overvalued EV/EBITDA

12.55

Undervalued EV/EBITDA

10.07

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

1.48

Current PS

1.62

Overvalued PS

1.71

Undervalued PS

1.25