Spire Spotlights FY2025 Results, 23rd Straight Dividend Hike, Tennessee Expansion at Annual Meeting

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Sun, February 1, 2026 astatine 8:32 AM CST 6 min read

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Spire is moving guardant with the planned acquisition of Duke Energy’s Piedmont Natural Gas Tennessee concern (the Nashville Gas System), expected to adjacent successful aboriginal 2026; the Hart‑Scott‑Rodino reappraisal is complete, the institution is awaiting Tennessee PUC approval, and financing is structured to sphere recognition ratings with an 18‑month modulation services statement to guarantee operational continuity.
For fiscal 2025 Spire reported adjusted net of $4.45 per share and the committee approved a 5.1% dividend increase, raising the annualized dividend to $3.30 per share, marking the 23rd consecutive twelvemonth of dividend hikes.
Spire invested $922 cardinal successful fiscal 2025 (nearly 90% to utilities) and achieved regulatory progress—most notably Missouri’s Senate Bill 4 and a complaint lawsuit that produced a $210 cardinal gross increase—positioning the institution to prioritize reliable service, disciplined outgo management, and palmy integration/financing of the Tennessee transaction successful fiscal 2026.
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Spire (NYSE:SR) highlighted fiscal 2025 fiscal performance, enactment transitions, and advancement connected its planned enlargement into Tennessee during its 2025 Annual Meeting of Stockholders, which was held virtually. Chair Rob Jones opened the gathering by thanking shareholders and noting that the institution “delivered connected value” successful fiscal 2025, including basal adjusted net of $4.45 per stock and an summation to the yearly dividend for the 23rd consecutive year.

Jones said fiscal 2025 was “a twelvemonth of some alteration and opportunity,” pointing to the assignment of Scott Doyle arsenic president and main enforcement serviceman connected April 24, 2025, pursuing a succession readying process. He besides noted that Steve Greenley joined the institution connected Oct. 13, 2025, arsenic main operating officer.

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Jones recognized manager John P. Stupp Jr. for retiring aft much than 20 years of committee service, adding that a Stupp has served continuously connected the committee since 1952. Stupp astir precocious served connected the Compensation and Human Resources and Corporate Governance Committees, according to Jones.

Management emphasized the pending acquisition of Duke Energy’s Piedmont Natural Gas Tennessee business, described arsenic the Nashville Gas System. Jones said Spire announced the statement connected July 29, 2025, and described it arsenic a strategical transaction expected to adjacent successful aboriginal 2026 that would grow Spire’s inferior footprint and diversify its inferior portfolio.