Spire Inc. (SR) Stock Analysis
Utilities · Utilities - Regulated Gas
Sell if holding. Momentum 3.4/10 is below the 5.0 floor at $79.03 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 8.5%; Concentration risk — Regulatory: Missouri Public Service Commission (MoPSC).
Spire Inc. is a natural gas distribution holding company with utilities in Missouri (~1.2M customers, largest in the state), Alabama (~0.4M customers), and the Gulf/Mississippi region, regulated by their respective state PUCs. Revenue also comes from gas marketing (1.22 Bcf/day)... Read more
Sell if holding. Momentum 3.4/10 is below the 5.0 floor at $79.03 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 8.5%; Concentration risk — Regulatory: Missouri Public Service Commission (MoPSC). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.7/10, moderate confidence.
Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 49d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: aggressive.
About Spire Inc.
About Spire Inc.
Spire Inc.'s regulated Gas Utility segment served 1,744,537 customers across Missouri, Alabama, and Mississippi in fiscal 2025, with Spire Missouri alone accounting for 1,213,375 customers as the largest natural gas distribution utility in the state. Spire Alabama serves more than 400,000 customers in central and northern Alabama under the Alabama Public Service Commission. Spire employed 3,497 people and operates three reportable business segments: Gas Utility, Gas Marketing, and Midstream.
Spire earns Gas Utility revenue through cost-of-service rates approved by state commissions—the MoPSC in Missouri, the APSC in Alabama, and the MSPSC in Mississippi—with residential customers comprising 66% of Gas Utility operating revenues in fiscal 2025 and commercial and industrial customers contributing 23%. Spire Missouri's Infrastructure System Replacement Surcharge allows expedited recovery of infrastructure investment without formal rate cases, subject to prudence review; the underlying statute is scheduled to expire on August 28, 2029 absent legislative action. Spire Missouri purchased from 39 different natural gas suppliers in fiscal 2025, routing supply through Enable Mississippi River Transmission, Southern Star Central Gas Pipeline, Panhandle Eastern Pipe Line, and the Spire STL Pipeline. The Gas Marketing segment averaged 1.22 Bcf per day in fiscal 2025 and provides wholesale natural gas marketing throughout the central and southern United States, with wholesale activities representing a majority of total Gas Marketing business. The Midstream segment includes the Spire STL Pipeline, Spire MoGas Pipeline, and storage operations in the West and Salt Plains facilities.
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Missouri represents the dominant regulatory and operational concentration for Spire: Spire Missouri served 1,213,375 of the company's 1,744,537 Gas Utility customers in fiscal 2025 under tariffs set by the MoPSC. The Infrastructure System Replacement Surcharge recovery mechanism is tied to a statute scheduled to expire on August 28, 2029 absent legislative renewal, creating a defined regulatory dependency for Missouri infrastructure investment. Rate increases across all three utility subsidiaries are subject to commission approval with no assurance of full cost recovery, and the continuation of Spire Alabama's Rate Stabilization and Equalization mechanism beyond September 30, 2025 is subject to ongoing APSC discretion.
See also: Utilities · Utilities - Regulated Gas
From Spire Inc.'s most recent 10-K filing, extracted June 11, 2026.
Recent developments
updated 2026-06-15Recent Developments — Spire Inc.
Latest news
- NEWS Spire Inc. announces Quarterly dividend, payable on July 02, 2026 - marketscreener.com — marketscreener.com neutral
- NEWS SR or ATO: Which is the better value stock right now? - MSN — MSN neutral
- NEWS Spire (SR) Reports Next Week: Wall Street Expects Earnings Growth - Yahoo Finance — Yahoo Finance positive
- NEWS M&T Bank Corp Increases Stock Position in Spire Inc. $SR - MarketBeat — MarketBeat neutral
- NEWS Spire Trying To Close In On Key Technical Benchmark - Investor's Business Daily — Investor's Business Daily neutral
Generated 2026-06-17T08:56:48Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHregulatoryMissouri Public Service Commission (MoPSC)10-K Item 1: 'Spire Missouri delivers natural gas to customers at rates and in accordance with tariffs authorized by the Missouri Public Service Commission ("MoPSC")'
- MEDIUMregulatoryAlabama Public Service Commission (APSC)10-K Item 1: 'Spire Alabama is the largest natural gas distribution utility in the state of Alabama and is regulated by the Alabama Public Service Commission ("APSC").'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 3.4/10 is below the 5.0 floor at $79.03 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 8.5%; Concentration risk — Regulatory: Missouri Public Service Commission (MoPSC). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $75.50. Score 5.7/10, moderate confidence.
Take-profit target: $85.74 (+8.5% upside). Prior stop was $75.50. Stop-loss: $75.50.
Concentration risk — Regulatory: Missouri Public Service Commission (MoPSC); Thin upside margin: 8.5%; Leverage penalty (D/E 2.3): -1.5.
Spire Inc. trades at a P/E of 16.0 (forward 14.3). TrendMatrix value score: 7.6/10. Verdict: Sell.
18 analysts cover SR with a consensus score of 4.1/5. Average price target: $99.
What does Spire Inc. do?Spire Inc. is a natural gas distribution holding company with utilities in Missouri (~1.2M customers, largest in the...
Spire Inc. is a natural gas distribution holding company with utilities in Missouri (~1.2M customers, largest in the state), Alabama (~0.4M customers), and the Gulf/Mississippi region, regulated by their respective state PUCs. Revenue also comes from gas marketing (1.22 Bcf/day) and midstream pipeline/storage.