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Spire shifts focus to core natural gas distribution, boosting long-term growth and dividend outlook.

Analyst Insights
21 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Spire Inc, a Missouri-based natural gas utility, is rated a Strong Buy after refocusing on its core natural gas distribution business by trading volatile midstream and storage assets for more stable local distribution assets. This move improves earnings quality and regulatory stability across attractive regions. Although earnings are expected to dip in fiscal year 2026, Spire projects a strong rebound to $5.50 EPS in 2027 and maintains a long-term growth target of 5–7% with rising dividends. The temporary earnings dip and integration risks present a buying opportunity with a price target in the high $90s.

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