Spire Inc. (SRCU)

Overview

Spire Inc., and its subsidiaries, operate within the natural gas industry in the United States, focusing on the purchasing, retail distribution, and sale of natural gas to a varied customer base including residential, commercial, and industrial end-users. Formed originally as The Laclede Group, Inc., the company underwent a name change to Spire Inc. in April 2016, marking a significant milestone in its long history since its foundation in 1857. Based in Saint Louis, Missouri, it organizes its operations across three key segments: Gas Utility, Gas Marketing, and Midstream, reflecting its versatile involvement in the natural gas sector.

Products and Services

Spire Inc.’s portfolio encompasses diverse products and services tailored to meet the comprehensive needs of its customers within the natural gas market. Each offering is designed to ensure reliability, efficiency, and service satisfaction.

• Gas Utility: This segment includes the retail distribution of natural gas to residential, commercial, industrial, and other end-users. By maintaining a vast distribution network, Spire ensures that natural gas reaches its consumers safely and efficiently.
• Gas Marketing: Spire’s involvement in natural gas and related services marketing encompasses efforts to meet consumer demand by procuring and selling natural gas beyond its utility operations. This segment aims to optimize the value of Spire’s supply and logistics capabilities.
• Midstream Services: Focused on the transportation and storage of natural gas, this segment is vital for managing the supply chain of gas from production sites to consumption areas. It lays the foundation for Spire’s assurance of steady and reliable gas supply throughout its service territories.
• Propane Pipeline Operations: Besides natural gas, Spire extends its energy services to operate a propane pipeline. This diversifies its energy offerings and caters to customers’ varying energy needs.
• Risk Management: Spire engages in risk management activities aimed at stabilizing and protecting its operations and financial performance against the volatility of the energy market. This includes hedging and other financial instruments.