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].

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 ...

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]

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]

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]

Core Viewpoint - Shares in Spire Healthcare increased by up to 20% following the confirmation of preliminary talks with multiple buyout firms, indicating strong market interest in a potential acquisition [1] Group 1: Company Developments - Spire Healthcare is engaged in initial discussions with several buyout firms, which has led to a significant rise in its stock price [1] - The confirmation of these talks has fueled expectations of a possible takeover, reflecting investor optimism about the company's future [1] Group 2: Market Reaction - The surge in Spire Healthcare's shares demonstrates a positive market reaction to the news of potential buyout discussions, highlighting investor confidence in the company's valuation [1]

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].

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]

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]

Core Viewpoint - Investors in the Utility - Gas Distribution sector should consider Spire (SR) and Atmos Energy (ATO) for potential value opportunities, with Spire currently presenting a better value option [1]. Group 1: Zacks Rank and Earnings Outlook - Spire has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while Atmos Energy has a Zacks Rank of 4 (Sell), suggesting a less favorable earnings outlook [3]. - The Zacks Rank system emphasizes companies with positive earnings estimate revisions, indicating that Spire is likely experiencing a more significant improvement in its earnings outlook compared to Atmos Energy [3]. Group 2: Valuation Metrics - Spire has a forward P/E ratio of 15.89, while Atmos Energy has a higher forward P/E of 20.57, suggesting that Spire may be undervalued relative to its earnings potential [5]. - The PEG ratio for Spire is 1.51, which is more favorable compared to Atmos Energy's PEG ratio of 3.17, indicating that Spire's earnings growth is more reasonably priced [5]. - Spire's P/B ratio is 1.58, compared to Atmos Energy's P/B ratio of 1.96, further supporting the notion that Spire is a better value option [6]. Group 3: Value Grades - Spire has a Value grade of B, while Atmos Energy has a Value grade of D, highlighting Spire's superior valuation metrics and earnings outlook [6].