Spire (SR)
NYSEUtilitiesRegulated GasSnapshot 2026-09-04
$82.68-0.78%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRegulated GasSnapshot 2026-09-04
QuarterlyIQ Insights · SR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -5.7% |
| Our one-year growth estimate | diamond | 15.4% |
Growth built into the price is above our model estimate.
The price assumes 21.0 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Model as of 2026-09-04 · Compared with 12 industry peers · Company calendar date is not available
SR — credit agreement
Dated 2026-09-01
Entry into a Material Definitive Agreement. On August 31, 2026, Spire Inc. (“Spire” or the “Company”) entered into a Delayed Draw Term Loan Agreement (the “DDTL Agreement”) with Mizuho Bank, Ltd., as administrative agent, joint lead arranger, and joint bookrunner, U.S. Bank National Association, as syndication agent, joint lead arranger, and joint bookrunner, Regions Bank and The Toronto-Dominion Bank, New York Branch, as co-documentation agents, and Bank of America, N.A. and Commerce Bank, a…
Why it matters: Keeping the dividend shows Spire's promise to give value to shareholders. It shows financial strength.
Supportive ifSpire maintains its dividend at $0.825 per share in fiscal 2026.
Worry ifSpire reduces its dividend below $0.825 per share.
Why it matters: Lawsuits can change how Spire makes money and runs its business.
Worry ifLawsuit results are good for Spire, helping them focus on core work.
Less concerning ifBad results from lawsuits can lead to money or operation issues.
Why it matters: The lawsuit results may change how Spire manages its money and operations.
Watch forLawsuits end well without big financial penalties.
Also watch forLawsuits lead to large penalties or problems in operations.
Why it matters: If adjusted earnings are below this range, it shows problems in the utility segment.
Worry ifEarnings from continuing operations are below $3.90 per share.
Less concerning ifEarnings from continuing operations are at or above $3.90 to $4.10.
Why it matters: Keeping the dividend shows financial health and care for shareholders.
Supportive ifThe dividend remains at $0.825 per share without cuts.
Worry ifThe dividend is cut below $0.825 per share.
Why it matters: Earnings below this level would show problems with utility growth and cost control.
Worry ifIn fiscal 2026, adjusted earnings from continuing operations were less than $3.90 per share.
Less concerning ifIn fiscal 2026, adjusted earnings from continuing operations were more than $4.10 per share.
Why it matters: Weather changes can lower gas utility earnings and hurt profits.
Worry ifGas usage in Missouri is down compared to last year.
Less concerning ifGas usage in Missouri stays the same or goes up compared to last year.
Why it matters: Growth in the gas utility segment is key for Spire's long-term financial health.
Supportive ifIncome from the gas utility segment grew compared to last year.
Worry ifIncome from the gas utility segment dropped compared to last year.
Why it matters: This acquisition is important for Spire's growth and infrastructure. Delays may show execution risks.
Supportive ifAn announcement says the Boardwalk Pipelines deal is done.
Worry ifThere are delays or issues with the Boardwalk Pipelines deal.
Why it matters: Litigation results may impact Spire's finances and focus. This could change how investors feel.
Watch forA good court ruling or settlement about Spire Marketing and Spire Storage sales.
Also watch forA bad court ruling or more costs from the sales.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
No outside relationship met the current evidence threshold.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$88 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $199 loss on $10,000 · 2.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,022 loss on $10,000 · 20.2% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.