Spire Inc. (NYSE:SR) is one of the high growth utility stocks to buy according to analysts.
On April 30, Spire Inc. (NYSE:SR) completed the divestment of its gas marketing business, Spire Marketing, to Boardwalk Pipelines for $215 million in cash
The divestment aligns with the company’s renewed focus on core utility operations as it also seeks to improve the risk profile and enhance long-term earnings visibility. The company will use the net proceeds from the transaction to partially fund the acquisition of Piedmont Natural Gas Tennessee’s business and for general corporate purposes. Spire is increasingly focusing on its core regulated gas utility business, which continues to drive earnings.
In its second quarter of fiscal 2026, net income increased to $217.6 million, or $3.51 per diluted share, compared to $189.3 million, or $3.17 per share, delivered in the same quarter last year. On the other hand, adjusted earnings totaled $223.7 million, or $3.76 per share, compared to $189.3 million, or $3.17 per share, last year. The results reflect growth in the Gas Utility segment.