Spire Inc.

{{Short description|American utility company}} {{Infobox company | logo = File:Spire Inc logo.svg | type = Public | traded_as = {{ubl|{{NYSE|SR}}|S&P 400 Component}} | predecessor = | successor = | founder = | defunct = | fate = | area_served = St. Louis, Missouri Kansas City, Missouri Birmingham, Alabama Montgomery, Alabama Mobile, Alabama Hattiesburg, Mississippi | key_people = Steve Lindsey (CEO)<ref>{{cite web| url=http://www.spireenergy.com/investors/corporate-governance/officers-and-directors|title=Spire Officers|accessdate=3 May 2017|publisher=Spire Energy}}</ref> | industry = Energy | products = Natural gas | services = Natural gas distribution |revenue = {{loss}} US$1.855 billion (''Fiscal Year Ended 30 September 2020'')<ref name=AnnualR2020>{{cite web|title=Spire, Inc. 2020 Annual Report|url=https://s25.q4cdn.com/231862843/files/doc_financials/2020/ar/Spire-2020-Form-10-K-Web-121620-FINAL.pdf|website=Spire|accessdate=15 July 2021|date=30 September 2020}}</ref> |operating_income = {{loss}} US$206.4 million (''Fiscal Year Ended 30 September 2020'')<ref name=AnnualR2020 /> |net_income = {{loss}} US$88.6 million (''Fiscal Year Ended 30 September 2020'')<ref name=AnnualR2020 /> |assets = {{gain}} US$8.241 billion (''Fiscal Year Ended 30 September 2020'')<ref name=AnnualR2020 /> |equity = {{loss}} US$2.522 billion (''Fiscal Year Ended 30 September 2020'')<ref name=AnnualR2020 /> | owner = | num_employees ={{gain}} 3,296 (2016)<ref name="2016 Annual Report">{{cite web|url=http://www.thelacledegroup.com/~/media/Files/S/Spire-Energy/documents/annual-reports/report-2016.pdf|title=2016 Annual Report for Spire Inc.|publisher=Spire Inc.|access-date=2017-05-03}}</ref> | parent = | divisions = | subsid =Alabama Gas Corporation (Alagasco) EnergySouth, Inc. Laclede Gas Company | footnotes = | intl = | caption = | foundation = 1857 as The Laclede Gas Light Company | location_city = St. Louis, Missouri | location_country = United States | homepage = {{URL|https://spireenergy.com}} }}

'''Spire Inc.''' is a regional public utility holding company based in St. Louis, Missouri, providing natural gas service through its regulated core utility operations while engaging in non-regulated activities that provide business opportunities. Its primary subsidiary Laclede Gas Company is the largest natural gas distribution utility in Missouri, serving approximately 631,000 residential, commercial and industrial customers in the City of St. Louis and ten counties in eastern Missouri. Its corporate headquarters is located in the 700 Market building in downtown St. Louis.

On April 29, 2016, the company began trading on the New York Stock Exchange under the symbol '''SR'''. It had previously been known as the Laclede Group, trading under the symbol '''LG'''.<ref>{{cite web|url=http://www.lacledegas.com/about/news/article/143/|accessdate=1 December 2016| title=Laclede News Release}}</ref>

==History==

Laclede Gas Company was one of the original 12 industrial companies that made up the Dow Jones Industrial Average but was removed in 1899.<ref>{{cite news | url=https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/ | title=The First 12 Dow Components: Where Are They Now? | first=Steve | last=Schaefer | work=Forbes | date=July 15, 2011 | access-date=September 15, 2019 | archive-date=January 5, 2018 | archive-url=https://web.archive.org/web/20180105233647/https://www.forbes.com/sites/steveschaefer/2011/07/15/the-first-12-dow-components-where-are-they-now/ | url-status=live }}</ref> On December 7, 2009, executives from The Laclede Group visited the New York Stock Exchange (NYSE) to ring the closing bell and commemorate the company's 120th anniversary of trading on the exchange. The Company first listed its stock on November 14, 1889{{citation needed|date=June 2019}}, making it the 8th-oldest listed stock on the NYSE.

On February 1, 2012, Laclede hired its first female CEO, Suzanne Sitherwood.<ref>{{Cite news|last=|first=|date=2012-01-13|title=Suzanne Sitherwood bio|work=St. Louis Post-Dispatch|url=https://www.stltoday.com/suzanne-sitherwood-bio/article_96067504-3dec-11e1-942a-0019bb30f31a.html|access-date=2021-02-11}}</ref>

In 2013, The Laclede Group acquired Missouri Gas Energy from Southern Union Company,<ref>{{Cite web | last = Weiderman | first = Greta | title = Laclede closes on $975 million acquisition of Missouri Gas Energy | work = St. Louis Business Journal | accessdate = 2015-02-14 | date = 2013-09-03 | url = http://www.bizjournals.com/stlouis/blog/2013/09/laclede-closes-on-975-million.html?page=all }}</ref> expanding their Missouri holdings to include Kansas City.

In 2014 Laclede acquired Alabama Gas Corporation (Alagasco),<ref>{{Cite web |last=Staff |first=WSFA 12 News |date=2014-09-02 |title=Laclede Group acquires Alabama Gas Company |url=https://www.wsfa.com/story/26426525/laclede-group-acquires-alabama-gas-company |access-date=2026-03-27 |website=WSFA12 |language=en}}</ref> which serves the Greater Birmingham, East Lauderdale County, Gadsden, Jasper, Anniston-Oxford, Greater Tuscaloosa, Greater Montgomery, Opelika-Auburn, Tuskegee, Selma, and many Black Belt communities as '''Spire Alabama Inc.'''

On April 28, 2016, The Laclede Group shareholders approved renaming the company to Spire.<ref>{{Cite web |last=Altman |first=Maria |date=2016-04-28 |title=Laclede Gas changes its name to Spire |url=https://www.stlpr.org/economy-business/2016-04-28/laclede-gas-changes-its-name-to-spire |access-date=2025-08-08 |website=STLPR |language=en}}</ref> Later in 2016, Spire acquired Energy South, Inc from Sempra U.S. Gas & Power, the parent company of Mobile Gas and Willmut Gas.<ref>{{cite web|url=https://finance.yahoo.com/news/sempra-u-gas-power-closes-200100442.html|accessdate=5 May 2017| title=Sempra U.S. Gas & Power Closes Sale of Parent Company of Mobile Gas and Willmut Gas}}</ref> Mobile Gas operates in Mobile, Alabama as '''Spire Gulf Coast Inc.''' while Willmut gas operates in Hattiesburg, Mississippi as '''Spire Mississippi Inc.'''.

==See also== * Laclede Gas Company - Subsidiary of the Laclede Group * Laclede Gas Building

==References== {{reflist}}

==External links== *[https://spireenergy.com Official website] {{Finance links | name = Spire Inc. | symbol = SR | reuters = SR.N | bloomberg = SR:US | sec_cik = 1126956 | yahoo = SR | google = SR:NYSE }} {{S&P 400 companies}} {{Authority control}}

Category:Energy companies of the United States Category:Holding companies of the United States Category:Natural gas companies of the United States Category:Oil companies of the United States Category:Companies based in St. Louis Category:Energy infrastructure in Missouri Category:Energy companies established in 2016 Category:Holding companies established in 2016 Category:Non-renewable resource companies established in 2016 Category:2016 establishments in Missouri Category:Companies listed on the New York Stock Exchange Category:Companies based in Missouri Category:19th-century initial public offerings Category:Companies in the S&P 400