Spire (SR)
NYSEUtilitiesRegulated GasSnapshot 2026-11-04
$90.31+2.61%
Close 2026-11-04 · 1-day change
NYSEUtilitiesRegulated GasSnapshot 2026-11-04
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 still in the top half of its industry but slipped notably this past month — worth watching.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 3.2% |
| Our one-year growth estimate | diamond | 9.4% |
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.
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 2026-11-04.
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.
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.
Growth built into the price is above our model estimate.
The price assumes 6.2 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 2 industry peers
SR — credit agreement
Dated 2026-10-13
Entry into a Material Definitive Agreement. On October 13, 2026, Spire Inc. (“Spire”), Spire Missouri Inc. (“Spire Missouri”), Spire Alabama Inc. (“Spire Alabama”) and Spire Tennessee Inc. (“Spire Tennessee” and, together with Spire, Spire Missouri and Spire Alabama, each, a “Borrower” and, collectively, the “Borrowers”) entered into an Extension and Second Amendment to Second Amended and Restated Loan Agreement (the “Second Amendment”) with Wells Fargo Bank, National Association, as administ…
Why it matters: The range includes a full year of Spire Tennessee earnings. Results test that growth case.
Watch forFY27 adjusted EPS guidance stays at $5.40 or higher, and includes Spire Tennessee for the full year.
Also watch forSpire cuts FY27 adjusted EPS guidance below $5.40 or excludes a full year of Tennessee earnings.
Why it matters: Spire Missouri issued $350 million of bonds at 6.200%. Later debt terms will show the cost of funding its plans.
Worry ifA new Spire debt filing reports a lower rate than 6.200% for a similar term, with no added loan costs disclosed.
Less concerning ifA new debt filing reports a rate above 6.200% for a similar term or adds loan costs.
Why it matters: The plan links utility investment to long-term earnings growth. Reported spending and guidance can test that link.
Watch forSpire reports progress toward its $11.2 billion plan through FY35 and keeps its 5–7% earnings growth target.
Also watch forSpire cuts the $11.2 billion plan or lowers its 5–7% growth target.
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.
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 | $207 loss on $10,000 · 2.1% | 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.