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Spire Inc. Announces Redemption of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock
Prnewswire· 2026-01-29 21:40
Core Viewpoint - Spire Inc. has announced its intention to redeem all outstanding Series A Cumulative Redeemable Perpetual Preferred Stock, with a total payment of $25.36056 per share, including accumulated dividends, effective February 13, 2026 [1][2]. Group 1: Redemption Details - The redemption will involve 10,000 shares of Series A Preferred Stock, with a par value of $25.00 per share and a liquidation preference of $25,000 per share [1]. - The total payment for the redemption will be $25.36056 per share, which includes $0.36056 for accumulated and unpaid dividends [2]. - Upon redemption, the Series A Preferred Stock will cease to accumulate dividends and will be delisted from the New York Stock Exchange [2]. Group 2: Redemption Process - The Depositary Shares will be redeemed through The Depository Trust Company (DTC), with payment managed by Computershare Inc. and Computershare Trust Company, N.A. [3]. - Investors holding Depositary Shares should contact their bank or broker for information regarding the redemption process [3]. Group 3: Company Overview - Spire Inc. serves approximately 1.7 million homes and businesses, making it one of the largest publicly traded natural gas companies in the United States [4]. - The company operates gas utilities in Alabama, Mississippi, and Missouri, and is focused on organic growth, infrastructure investment, and continuous improvement [4].
Spire to Report Q1 Earnings: What's in Store for the Stock?
ZACKS· 2026-01-29 17:51
Key Takeaways Spire will report fiscal Q1 results Feb. 3, after a 2.17% negative earnings surprise in the prior quarter.SR's Q1 earnings may benefit from new Missouri rates, Alabama mechanisms and Spire West Storage expansion.Higher O&M costs could offset gains, while consensus sees EPS of $1.56 and revenue of $714.02 million.Spire Inc. (SR) is set to report fiscal first-quarter 2026 results on Feb. 3, before market open. The company reported a negative earnings surprise of 2.17% in the last reported quarte ...
Spire(SR) - 2026 FY - Earnings Call Transcript
2026-01-29 15:32
Financial Data and Key Metrics Changes - The company achieved basic adjusted earnings of $4.45 per share for fiscal year 2025, marking a successful year for shareholder value [2] - The board approved a dividend increase of 5.1%, bringing the annualized rate to $3.30 per share, continuing a 23-year streak of annual dividend increases [17] Business Line Data and Key Metrics Changes - Fiscal year 2025 saw investments of $922 million, with nearly 90% allocated to utilities, enhancing system reliability and safety [16] - The company reported growth across all segments, driven by infrastructure investments [15] Market Data and Key Metrics Changes - The Missouri Public Service Commission approved a $210 million revenue increase following a positive conclusion to a rate case [4] - New legislation in Missouri established a future test year for rate-setting, allowing utilities to set rates based on projected costs [17] Company Strategy and Development Direction - The company is focused on operational excellence, regulatory engagement, financial discipline, and strategic growth, with a commitment to delivering reliable natural gas service [18] - The pending acquisition of Piedmont Natural Gas Tennessee business is expected to enhance Spire's scale and diversify its utility portfolio [3][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the business and the ability to deliver strong operational and financial performance [18] - The company remains focused on maintaining customer affordability while executing its capital plan efficiently [21] Other Important Information - The company successfully concluded an annual budget process in Alabama, reinforcing its commitment to constructive regulatory outcomes [4] - The transition planning for the acquisition of Piedmont Natural Gas is well underway, with an 18-month transition service agreement in place [20] Q&A Session Summary Question: Current status of the acquisition of Piedmont Natural Gas Tennessee business - The acquisition is progressing well, with the Hart-Scott-Rodino review complete and awaiting approval from the Tennessee Public Utility Commission [20] Question: Company's business priorities for shareholders in fiscal year 2026 - The priorities include delivering safe and reliable natural gas service, executing the capital plan efficiently, maintaining customer affordability, achieving constructive regulatory outcomes, and successfully closing the Tennessee acquisition [21]
Spire(SR) - 2026 FY - Earnings Call Transcript
2026-01-29 15:32
Financial Data and Key Metrics Changes - The company achieved basic adjusted earnings of $4.45 per share for fiscal year 2025, marking a successful year for shareholder value [2] - The board approved a dividend increase of 5.1%, bringing the annualized rate to $3.30 per share, marking the 23rd consecutive year of dividend increases [17] Business Line Data and Key Metrics Changes - Fiscal year 2025 saw investments of $922 million, with nearly 90% allocated to utilities, enhancing reliability and safety [16] - The company reported growth across all segments, driven by infrastructure investments [15] Market Data and Key Metrics Changes - The regulatory environment improved, with a $210 million revenue increase approved by the Missouri Public Service Commission [4] - New legislation in Missouri established a future test year for rate-setting, allowing for more effective planning and investment [17] Company Strategy and Development Direction - The company is focused on operational excellence, regulatory engagement, financial discipline, and strategic growth [18] - The pending acquisition of Piedmont Natural Gas Tennessee business is expected to enhance Spire's scale and diversify its utility portfolio [3][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the business and the ability to deliver strong operational and financial performance [18] - The company remains committed to delivering safe and reliable natural gas service while maintaining customer affordability [21] Other Important Information - The company successfully concluded an annual budget process in Alabama, reinforcing its commitment to constructive regulatory outcomes [4] - The transition planning for the acquisition of Piedmont Natural Gas is well underway, with an 18-month transition service agreement in place [20] Q&A Session Summary Question: Current status of the acquisition of Piedmont Natural Gas Tennessee business - The acquisition is progressing, with the Hart-Scott-Rodino review complete and awaiting approval from the Tennessee Public Utility Commission [20] Question: Company's business priorities for shareholders in fiscal year 2026 - The priorities include delivering safe and reliable natural gas service, executing the capital plan efficiently, maintaining customer affordability, achieving constructive regulatory outcomes, and successfully financing the Tennessee acquisition [21]
Spire(SR) - 2026 FY - Earnings Call Transcript
2026-01-29 15:30
Financial Data and Key Metrics Changes - The company achieved basic adjusted earnings of $4.45 per share for fiscal year 2025, marking a successful year for shareholder value [2] - The board approved a dividend increase of 5.1%, bringing the annualized rate to $3.30 per share, which is the 23rd consecutive year of dividend increases [18] Business Line Data and Key Metrics Changes - Fiscal year 2025 saw the company invest $922 million, with nearly 90% allocated to utilities, enhancing system reliability and safety [17] - The company reported growth across all segments, driven by infrastructure investments [16] Market Data and Key Metrics Changes - Natural gas remains the most affordable energy source for heating, water heating, and cooking, with electricity being 2-3 times more expensive [18] - The regulatory environment improved with new legislation in Missouri establishing a future test year for rate-setting, allowing for better planning and investment [18] Company Strategy and Development Direction - The company is focused on operational excellence, regulatory engagement, financial discipline, and strategic growth, with a commitment to delivering safe and reliable natural gas service [19] - The pending acquisition of Piedmont Natural Gas Tennessee business is expected to enhance the company's scale and diversify its utility portfolio [3][16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals of the business and the ability to deliver strong operational and financial performance [19] - The company is committed to maintaining a strong balance sheet to support growth strategies and long-term shareholder value [19] Other Important Information - The Missouri Public Service Commission approved a $210 million revenue increase as a result of a rate case settlement [4] - The company successfully concluded an annual budget process in Alabama, reinforcing its regulatory engagement [4] Q&A Session All Questions and Answers Question: What is the current status of the acquisition of the Piedmont Natural Gas Tennessee business from Duke? - The acquisition is progressing well, with the Hart-Scott-Rodino review complete and awaiting approval from the Tennessee Public Utility Commission [21] Question: What are the company's business priorities for shareholders in fiscal year 2026? - The priorities include delivering safe and reliable natural gas service, executing the capital plan efficiently, maintaining customer affordability, achieving constructive regulatory outcomes, and successfully financing and closing the Tennessee acquisition [22]
Spire Healthcare shares surge 20% after confirming talks with buyout firms
Invezz· 2026-01-26 13:27
Shares in Spire Healthcare surged as much as 20% on Monday after the private hospital operator confirmed it was in preliminary talks with several buyout firms, fuelling expectations of a potential tak... ...
Spire Healthcare shares climb after confirming talks with buyout firms
Reuters· 2026-01-26 08:22
Core Viewpoint - Spire Healthcare shares increased by 17% following the confirmation of preliminary talks with multiple buyout firms, including Bridgepoint and Triton, to explore strategic options [1][3]. Company Summary - Spire Healthcare is a British private hospital group that is currently in discussions with buyout firms to evaluate potential strategic alternatives [1][3].
Rheinmetall in talks with OHB about German army satellite project, says source
Reuters· 2026-01-26 08:21
Core Viewpoint - Rheinmetall is engaging in discussions with OHB, a German satellite manufacturer, regarding a satellite project intended for the German armed forces [1] Group 1 - Rheinmetall is exploring opportunities to enhance its capabilities in defense technology through collaboration with OHB [1] - The satellite project aims to support the operational needs of the German military [1]
Bridgepoint, Triton weigh bids for UK hospital operator Spire, Sky News reports
Reuters· 2026-01-24 08:48
Group 1 - The core focus of the article is that British private hospital group Spire Healthcare is in discussions with multiple buyout firms, including Bridgepoint and Triton Partners, regarding a potential takeover that may result in the company being taken private [1] Group 2 - The involvement of notable buyout firms such as Bridgepoint and Triton Partners indicates significant interest in Spire Healthcare from the private equity sector [1] - The potential takeover reflects ongoing trends in the healthcare industry, where private equity firms are increasingly targeting healthcare providers for investment opportunities [1] - The news highlights the strategic moves within the private hospital sector, suggesting a shift towards privatization for companies like Spire Healthcare [1]
SR vs. ATO: Which Stock Should Value Investors Buy Now?
ZACKS· 2026-01-23 17:41
Investors looking for stocks in the Utility - Gas Distribution sector might want to consider either Spire (SR) or Atmos Energy (ATO) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highligh ...