Nov 2, 4:54 PM ET
Spire Missouri filed a general rate case with the Missouri Public Service Commission on November 2, 2026, requesting a total revenue requirement increase of $228 million. The filing is based on an average fiscal 2028 future test year rate base of $5.1 billion, and the commission has 11 months to review it, with new rates expected by October 2027. For shareholders, the outcome will determine how much of the utility's infrastructure investment is recovered through customer rates.
- Total requested revenue increase of $228 million, including $57 million through the Infrastructure System Replacement Surcharge and $171 million in net new revenues
- Proposed rates are based on an average fiscal 2028 future test year rate base of $5.1 billion, assuming a 55.0% common equity ratio and 10.5% return on equity
- Company estimates the average residential bill would rise about $10 per month (11%) in western Missouri and about $13 per month (15%) in eastern Missouri if approved as filed
- Missouri Public Service Commission has 11 months to consider the filing; new rates expected to be effective by October 2027
Read the filing on SEC.gov ↗
Oct 13, 4:32 PM ET
Spire Inc. and its subsidiaries Spire Missouri, Spire Alabama and Spire Tennessee signed an amendment with Wells Fargo, as administrative agent, extending the final maturity date of their credit agreement by one year. The maturity moves from October 11, 2030 to October 11, 2031, and the filing states that other material terms are unchanged.
- Final maturity date extended one year, from October 11, 2030 to October 11, 2031
- Amendment dated October 13, 2026, among Spire Inc., Spire Missouri, Spire Alabama, Spire Tennessee and Wells Fargo Bank, National Association
- Original Second Amended and Restated Loan Agreement dated October 11, 2024; other material terms unchanged
Read the filing on SEC.gov ↗
Sep 1, 4:31 PM ET
On August 31, 2026, Spire Inc. entered into a $400 million delayed draw senior unsecured term loan agreement with a group of banks led by Mizuho Bank and U.S. Bank. The company may request up to four borrowings for general corporate purposes until the earliest of full utilization, the fourth borrowing, or December 31, 2026, which gives it committed borrowing capacity but does not by itself state any amount drawn.
- Facility size: $400 million of senior unsecured term loan commitments
- Borrowing window ends on the earliest of full utilization, the fourth borrowing, or December 31, 2026
- Interest at a base rate or Adjusted Term SOFR plus 0.80% per annum; loans mature 364 days after the effective date
- Requires a consolidated capitalization ratio of no more than 70% at each fiscal quarter end
Read the filing on SEC.gov ↗
Aug 5, 7:06 AM ET
Spire reported a fiscal third-quarter 2026 net loss from continuing operations of $42.6 million, or $(0.72) per diluted share, compared with $13.3 million a year earlier, after $36.0 million of pre-tax acquisition-related costs. The adjusted loss per share narrowed to $0.26 from $0.29, while operating revenues rose to $420.2 million from $352.5 million. The company reaffirmed its fiscal 2026 and fiscal 2027 adjusted earnings per share guidance, which matters to shareholders because it signals no change to its outlook despite the larger GAAP loss.
- Operating revenues were $420.2 million for the quarter, up from $352.5 million a year earlier.
- Gas Utility adjusted loss narrowed to $3.2 million from $10.0 million, while the Other segment adjusted loss widened to $12.5 million from $3.3 million.
- Fiscal 2026 adjusted EPS guidance of $3.90–$4.10 and fiscal 2027 guidance of $5.40–$5.60 were reaffirmed.
- Spire completed the divestitures of Spire Marketing and Spire Storage; discontinued operations earnings were $253.8 million, including a $254.6 million after-tax gain.
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
