Spire (SR) Stock Forecast & Price Target

Spire Inc. is actively enhancing its core utility business through significant investments that are primarily recovered under Infrastructure System Replacement Surcharge (ISRS), which effectively minimizes regulatory lag. The company's completion of acquisitions, such as MoGas and Omega, strengthens its midstream sector, contributing to its expansion and revenue potential. With the majority of its revenue stemming from its Gas Utility segment, Spire's commitment to organic growth and infrastructure development supports a favorable long-term financial outlook.

Spire Inc. faces several significant risks that could negatively impact its financial performance, primarily stemming from a potential warmer-than-expected winter, which would reduce natural gas heating demand. Additionally, the company's outlook is affected by uncertainties in the regulatory environment and rising interest rates, both of which could hamper operations and increase financing costs. The imminent threat of the STL Pipeline shutdown further complicates Spire's stability and may hinder the company’s ability to generate reliable revenue from its Gas Utility segment, its primary source of income.