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Spire Inc. 6.375% Junior Subord (SRJN)

USD23.99 +0.05 (+0.21%)
US NYSE Utilities Regulated Gas
Address 700 Market Street 63101
St. Louis, MO, US
CEO Scott E. Doyle
IPO 2026-01-16
CIK 1126956 ISIN US84857L7055

Explore sections of this company profile

Description

Spire Inc. operates as a utility holding firm primarily dedicated to supplying natural gas through its regulated core businesses, alongside engagement in various non-regulated enterprises. Its operations are organized into three principal divisions: Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment encompasses the regulated natural gas services provided by its subsidiaries in Missouri, Alabama, Gulf, and Mississippi. Spire Marketing, a subsidiary within the Gas Marketing division, is responsible for offering non-regulated natural gas marketing services throughout the United States. Finally, the Midstream segment includes subsidiaries such as Spire STL Pipeline, Spire MoGas Pipeline, Spire Storage West, and Spire Storage Salt Plains, all involved in the transportation and storage of natural gas. Established in 1857, the company's corporate headquarters are situated in St. Louis, Missouri.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD23.99 +0.05 (+0.21%)
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Volume Profile
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Liquidity & share structure
Average Volume
14.7K
Beta
0.66
Float Shares
7.81M
Free Float %
97.6%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.40% -0.40% -0.40% +0.08% -0.32% -0.32% -0.32% -0.32% -0.32% -0.32% -0.32%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
23.99
Quality scores
Altman Z-Score
0.45
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
1 / 10
No MOAT
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
5 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Gas: +4.9%
    -4.5% Q4'25: +13.9% (vs Q4'24)
  • EPS growth Regulated Gas: +13.8%
    +4.3% Q4'25: +14.9% (vs Q4'24)
  • FCF margin FCF growth · Regulated Gas: +30.8%
    +9.0% Q4'25: -16.0% (vs Q4'24)
  • EBIT margin Regulated Gas: +12.9%
    +21.8% Q4'25: +23.5% (vs Q4'24)
  • ROIC Regulated Gas: +4.7%
    +5.1% Q4'25: +6.5% (vs Q4'24)
  • Share dilution Regulated Gas: 0.0%
    +4.3% Q4'25: +2.2% (vs Q4'24)
  • Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    6.32× Q4'25: 5.14× (vs Q4'24)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.66) × ERP
WACC = 22% × Ke + 78% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 23.99
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Sep 2024
actual
Sep 2025
actual
Sep 2026
1 Rev. Ana.
1 EPS Ana.
Sep 2027
1 Rev. Ana.
1 EPS Ana.
Sep 2028
1 Rev. Ana.
1 EPS Ana.
Sep 2029
1 Rev. Ana.
1 EPS Ana.
Sep 2030
1 Rev. Ana.
1 EPS Ana.
Revenue
2.59B
est: 2.70B (-4.1%)
2.48B
est: 2.55B (-2.8%)
2.74B
2.74B – 2.74B
+7.6% YoY
2.97B
2.97B – 2.97B
+8.2% YoY
3.06B
3.06B – 3.06B
+3.3% YoY
3.27B
3.27B – 3.27B
+6.7% YoY
2.07B
2.07B – 2.07B
-36.6% YoY
EBITDA
800.20M
est: 806.81M (-0.8%)
838.80M
est: 760.20M (+10.3%)
818.17M
818.17M – 818.17M
+7.6% YoY
885.04M
885.04M – 885.04M
+8.2% YoY
913.81M
913.81M – 913.81M
+3.3% YoY
975.32M
975.32M – 975.32M
+6.7% YoY
618.66M
618.66M – 618.66M
-36.6% YoY
EBIT
521.80M
est: 521.94M (0.0%)
540.60M
est: 491.79M (+9.9%)
529.29M
529.29M – 529.29M
+7.6% YoY
572.55M
572.55M – 572.55M
+8.2% YoY
591.16M
591.16M – 591.16M
+3.3% YoY
630.96M
630.96M – 630.96M
+6.7% YoY
400.22M
400.22M – 400.22M
-36.6% YoY
Net Income
250.60M
est: 246.67M (+1.6%)
271.40M
est: 265.20M (+2.3%)
304.46M
304.46M – 304.46M
+14.8% YoY
336.87M
336.87M – 336.87M
+10.6% YoY
366.24M
366.24M – 366.24M
+8.7% YoY
381.56M
381.56M – 381.56M
+4.2% YoY
413.25M
413.25M – 413.25M
+8.3% YoY
SGA
— – —
— – —
— – —
— – —
— – —
EPS
4.20
est: 4.20 (-0.1%)
4.39
est: 4.52 (-2.8%)
5.19
5.19 – 5.19
+14.8% YoY
5.74
5.74 – 5.74
+10.6% YoY
6.24
6.24 – 6.24
+8.7% YoY
6.50
6.50 – 6.50
+4.2% YoY
7.04
7.04 – 7.04
+8.3% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 1/5 3/5 3/5 2/5 5/5 5/5
2026-05-08 B+ 3/5 1/5 3/5 3/5 2/5 5/5 5/5
2026-05-07 B+ 3/5 1/5 3/5 3/5 2/5 5/5 5/5
2026-05-06 B+ 3/5 1/5 3/5 3/5 2/5 5/5 5/5
2026-05-05 A- 4/5 1/5 3/5 4/5 2/5 5/5 5/5
2026-05-04 A- 4/5 1/5 3/5 4/5 2/5 5/5 5/5
2026-05-01 B+ 3/5 1/5 3/5 4/5 2/5 4/5 5/5
2026-04-30 B+ 3/5 1/5 3/5 4/5 2/5 4/5 5/5
2026-04-29 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-28 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-27 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-24 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-23 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-22 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-21 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-20 B+ 3/5 1/5 3/5 4/5 1/5 4/5 5/5
2026-04-17 B 3/5 1/5 2/5 4/5 1/5 4/5 5/5
2026-04-16 B 3/5 1/5 2/5 4/5 1/5 4/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
-113.90M
OE per share TTM
-1.94
Owner's Yield
-7.78%
Maintenance CapEx ratio
51.18%
Maint CapEx / Avg PPE
270.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 9 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Virtus InfraCap U.S. Preferred Stock ETF PFFA 0.92% 22.64M 2.11%
2 BMO US Preferred Share Index ETF ZUP.TO 0.60% 189.8K 0.50%
3 Invesco Preferred Shares UCITS ETF PRAC.L 0.19% 352.3K 0.50%
4 Invesco Preferred Shares UCITS ETF EUR Hedged Dist PDSE.DE 0.19% 351.4K 0.55%
5 Invesco Preferred Shares UCITS ETF PRFD.L 0.19% 352.3K 0.50%
6 Invesco Preferred ETF PGX 0.19% 7.28M 0.50%
7 iShares Preferred and Income Securities ETF PFF 0.09% 12.04M 0.45%
8 Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF GPRF 0.04% 51.5K 0.45%
9 iShares Morningstar Multi-Asset Income ETF IYLD 0.01% 16.5K 0.50%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives

Executive team data is not available for this company yet.

EBIT / Employee
154.6K
Shares Outstanding
8.00M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

ESG Score History

No data available for this company.

Company data will be available after the next weekly refresh.
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits