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Spire Inc. 6.375% Junior Subord logo

Spire Inc. 6.375% Junior Subord

SRJN

NYSEUtilitiesRegulated Gas

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Previous close

$22.49

+$0.03 · +0.13%

Aug 21, 4:00 PM ET

SRJN company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

83

Deep Value

Momentum

40

Weakening

Sentiment

59

Mixed

Risk resilience

81

Low Risk

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Company profile

Company website

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.

Industry
Regulated Gas
Sector
Utilities
Headquarters
US
CEO
Scott E. Doyle
Listed since
Jan 16, 2026
Employees
3,497

Market position

Day range

Current $22.49

52-week range

Current $22.49

Open
$22.50
Previous close
$22.46
Volume
15.03K
0.85× average
Average volume
17.69K
Average daily volume
Market cap
179.92M USD
Beta
0.66
Market reference 1
50-day average
$23.488
-4.25% below average
200-day average
$24.2947
-7.43% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
6.75B USD
P/E (TTM)
4.87×
P/B (TTM)
0.39×
P/S (TTM)
0.07×
EV / EBITDA
8.05×
Earnings yield
18.63%
Free cash flow yield
-23.64%
Dividend yield
2.73%

Profitability & efficiency

Gross margin
29.63%
Operating margin
21.35%
Net margin
11.10%
Return on equity
8.01%
Return on assets
2.34%
Return on invested capital
3.96%

Financial health

Debt / equity
1.56×
Current ratio
0.32×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends32%23%15%6%Gross margin, FY2021: 27.30%Gross margin, FY2022: 26.73%Gross margin, FY2023: 23.74%Gross margin, FY2024: 27.15%Gross margin, FY2025: 29.50%Operating margin, FY2021: 20.14%Operating margin, FY2022: 18.57%Operating margin, FY2023: 15.70%Operating margin, FY2024: 18.83%Operating margin, FY2025: 21.16%Net margin, FY2021: 12.14%Net margin, FY2022: 10.03%Net margin, FY2023: 8.15%Net margin, FY2024: 9.66%Net margin, FY2025: 10.96%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 27.30%. Gross margin FY2022 26.73%. Gross margin FY2023 23.74%. Gross margin FY2024 27.15%. Gross margin FY2025 29.50%. Operating margin FY2021 20.14%. Operating margin FY2022 18.57%. Operating margin FY2023 15.70%. Operating margin FY2024 18.83%. Operating margin FY2025 21.16%. Net margin FY2021 12.14%. Net margin FY2022 10.03%. Net margin FY2023 8.15%. Net margin FY2024 9.66%. Net margin FY2025 10.96%.

Income trends

Revenue

2.48B USD-4.50%

Operating income

523.9M USD+7.29%

Net income

271.4M USD+8.30%
Income trends across reported periods2.91B USD1.93B USD951.93M USD−27.71M USDRevenue, FY2021: 2.24B USDRevenue, FY2022: 2.2B USDRevenue, FY2023: 2.67B USDRevenue, FY2024: 2.59B USDRevenue, FY2025: 2.48B USDOperating income, FY2021: 450.2M USDOperating income, FY2022: 408.2M USDOperating income, FY2023: 418.6M USDOperating income, FY2024: 488.3M USDOperating income, FY2025: 523.9M USDNet income, FY2021: 271.3M USDNet income, FY2022: 220.5M USDNet income, FY2023: 217.2M USDNet income, FY2024: 250.6M USDNet income, FY2025: 271.4M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.24B USD. Revenue FY2022 2.2B USD. Revenue FY2023 2.67B USD. Revenue FY2024 2.59B USD. Revenue FY2025 2.48B USD. Operating income FY2021 450.2M USD. Operating income FY2022 408.2M USD. Operating income FY2023 418.6M USD. Operating income FY2024 488.3M USD. Operating income FY2025 523.9M USD. Net income FY2021 271.3M USD. Net income FY2022 220.5M USD. Net income FY2023 217.2M USD. Net income FY2024 250.6M USD. Net income FY2025 271.4M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue2.48B USD2.59B USD2.67B USD2.2B USD2.24B USD
Cost of goods sold1.75B USD1.89B USD2.03B USD1.61B USD1.63B USD
Gross profit730.6M USD703.9M USD633.1M USD587.7M USD610.3M USD
Operating expenses206.7M USD215.6M USD214.5M USD179.5M USD160.1M USD
Interest expense209.2M USD212.2M USD183.3M USD118.6M USD105.3M USD
Depreciation and amortization298.2M USD278.4M USD254.8M USD237.3M USD213.1M USD
Operating income523.9M USD488.3M USD418.6M USD408.2M USD450.2M USD
Net income271.4M USD250.6M USD217.2M USD220.5M USD271.3M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
63%
5 beats, 3 misses, 0 met estimates
Average EPS surprise
+15.71%
8 comparable reports
Latest EPS result
3.76
Estimate 3.72 · Beat by 1.08%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates4.152.260.37-1.53Q3 '24BeatQ4 '24MissQ1 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ4 '26Estimate
Q3 2024, reported Jul 31, 2024: actual -0.14, estimate -0.184, surprise +24.11%, Beat. Q4 2024, reported Nov 20, 2024: actual -0.54, estimate -0.533, surprise -1.27%, Miss. Q1 2025, reported Feb 5, 2025: actual 1.34, estimate 1.42, surprise -5.63%, Miss. Q3 2025, reported Aug 5, 2025: actual 0.01, estimate -0.085, surprise +111.83%, Beat. Q4 2025, reported Nov 14, 2025: actual -0.47, estimate -0.395, surprise -18.87%, Miss. Q1 2026, reported Feb 3, 2026: actual 1.77, estimate 1.64, surprise +7.93%, Beat. Q2 2026, reported May 6, 2026: actual 3.76, estimate 3.72, surprise +1.08%, Beat. Q4 2026, reported Nov 25, 2026: actual —, estimate -1.13, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates1.13B826.96M520.16M213.36MQ3 '24BeatQ4 '24MissQ1 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26MissQ4 '26Estimate
Q3 2024, reported Jul 31, 2024: actual 414.1M USD, estimate 313.86M USD, surprise +31.94%, Beat. Q4 2024, reported Nov 20, 2024: actual 293.8M USD, estimate 349.61M USD, surprise -15.96%, Miss. Q1 2025, reported Feb 5, 2025: actual 669.1M USD, estimate 762.84M USD, surprise -12.29%, Miss. Q3 2025, reported Aug 5, 2025: actual 421.9M USD, estimate 418.14M USD, surprise +0.90%, Beat. Q4 2025, reported Nov 14, 2025: actual 334.1M USD, estimate 433.34M USD, surprise -22.90%, Miss. Q1 2026, reported Feb 3, 2026: actual 762.2M USD, estimate 730.82M USD, surprise +4.29%, Beat. Q2 2026, reported May 6, 2026: actual 1.02B USD, estimate 1.07B USD, surprise -4.53%, Miss. Q4 2026, reported Nov 25, 2026: actual —, estimate 251.01M USD, surprise —, Comparison unavailable.

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ETFs holding SRJN

Funds reporting this stock among their holdings, ordered by reported position size.

Virtus InfraCap U.S. Preferred Stock ETF logoVirtus InfraCap U.S. Preferred Stock ETFPFFA
Market value
21.67M
Weight
0.87%
AUM
2.5B USD
Expense ratio
2.11%
Price / 1D
$20.890.00%
iShares Preferred and Income Securities ETF logoiShares Preferred and Income Securities ETFPFF
Market value
11.11M
Weight
0.09%
AUM
13.06B USD
Expense ratio
0.45%
Price / 1D
$30.46+0.03%
Invesco Preferred ETF logoInvesco Preferred ETFPGX
Market value
6.51M
Weight
0.17%
AUM
3.76B USD
Expense ratio
0.50%
Price / 1D
$10.60-0.28%
Goldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETF logoGoldman Sachs Access U.S. Preferred Stock and Hybrid Securities ETFGPRF
Market value
48.13K
Weight
0.03%
AUM
145.77M USD
Expense ratio
0.45%
Price / 1D
$49.345+0.03%
iShares Morningstar Multi-Asset Income ETF logoiShares Morningstar Multi-Asset Income ETFIYLD
Market value
15.65K
Weight
0.01%
AUM
125.77M USD
Expense ratio
0.50%
Price / 1D
$22.29+0.22%

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