Spire Management
Management criteria checks 3/4
Spire's CEO is Scott Doyle, appointed in Apr 2025, has a tenure of 1.08 years. total yearly compensation is $3.33M, comprised of 21.1% salary and 78.9% bonuses, including company stock and options. directly owns 0.014% of the company’s shares, worth $769.47K. The average tenure of the management team and the board of directors is 2.6 years and 4.5 years respectively.
Key information
Scott Doyle
Chief executive officer
US$3.3m
Total compensation
| CEO salary percentage | 21.07% |
| CEO tenure | 1.1yrs |
| CEO ownership | 0.01% |
| Management average tenure | 2.6yrs |
| Board average tenure | 4.5yrs |
Recent management updates
Recent updates
SR: Preferred Redemption And Refined Assumptions Will Support Steady Future Total Returns
Analysts have adjusted their price target on Spire from $98.81 to $99.75, citing updated assumptions around slightly higher revenue growth, profit margins near 11.37%, and a modestly lower future P/E estimate of about 20.11x. What's in the News Spire plans to redeem all 10,000 outstanding shares of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, along with the related depositary shares, at a redemption price of $25.36056 per depositary share.SR: Preferred Redemption And Steady Assumptions Will Support Future Total Returns
Analysts have nudged their price target for Spire higher from $96.25 to $98.81, citing updated assumptions around slightly different revenue growth, profit margin, and forward P/E expectations. What's in the News Spire plans to redeem all 10,000 outstanding shares of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, including the related depositary shares, on an anticipated redemption date of February 13, 2026, at a redemption price of $25.36056 per depositary share, covering par value and accumulated dividends (Key Developments).SR: Preferred Redemption And Stable Assumptions Will Support Future Total Returns
Analysts have nudged their price target for Spire slightly higher to $96.25 from $96.13, tying the adjustment to modest tweaks in fair value inputs, revenue growth expectations, profit margin assumptions and the forward P/E framework. What's in the News Spire plans to redeem all 10,000 shares of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, along with the related depositary shares, on February 13, 2026, at a redemption price of $25.00 per depositary share plus $0.36056 in accumulated and unpaid dividends, for a total of $25.36056 per share (company filing).SR: Preferred Redemption And Steady Assumptions Will Support Future Total Returns
Analysts have maintained their price target for Spire at $96.13, reflecting largely unchanged assumptions regarding fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News Spire plans to redeem all 10,000 outstanding shares of its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, including the related depositary shares, on the anticipated redemption date of February 13, 2026 (company filing).SR: Preferred Redemption And Stable Outlook Will Support Future Total Returns
Analysts have modestly raised their price target on Spire to $96.13 from $94.50. This reflects updated fair value and P/E inputs in their models, while core growth and margin expectations remain broadly consistent.SR: Higher Dividend And Preferred Redemption Will Support Future Total Returns
Analysts have lifted their price target for Spire to US$94.50 from US$93.44. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E that slightly adjust their long term outlook for the business.SRJN: A 6.375% Junior Subordinated Notes IPO From Spire
Jan 28SR: Higher Dividend Policy Will Support Attractive Future Total Returns
Narrative Update on Spire Analysts have made a very small adjustment to their price target on Spire to approximately US$93.44. This reflects slightly lower revenue growth assumptions and a modestly higher profit margin outlook within a largely unchanged discount rate and future P/E framework.SR: Higher Dividend And Stable Outlook Will Support Attractive Future Returns
Analysts have kept their fair value estimate for Spire steady at $93.50, explaining that updated assumptions for discount rate, revenue growth, profit margin, and future P/E are essentially unchanged and do not justify a new price target level. What's in the News The board of directors approved an annual common stock dividend of $3.30 per share, compared with the prior level of $3.14 per share (Key Developments).SR: Dividend Increase Will Support Attractive Long Term Shareholder Returns
Analysts have raised their price target on Spire to approximately $93.50 per share, reflecting improved confidence in the company’s long term earnings profile, supported by modestly lower perceived risk and stable growth assumptions. What's in the News The board of directors unanimously approved an increase in Spire's annual common stock dividend to $3.30 per share from $3.14, a 5.1 percent raise.SR: Dividend Hike And Margin Pressures Will Shape Balanced Shareholder Outlook
Analysts have increased their price target for Spire from $89.61 to $93.50. They cite expectations of higher revenue growth, despite a slight decline in projected profit margins and an uptick in anticipated future price-to-earnings ratios.Spire's (NYSE:SR) Shareholders Will Receive A Bigger Dividend Than Last Year
Nov 24
Analysts Just Made A Major Revision To Their Spire Inc. (NYSE:SR) Revenue Forecasts
Nov 20SR: Dividend Increase And Modest Adjustments Will Support Steady Shareholder Returns
Narrative Update: Analyst Price Target Shift for Spire Analysts have maintained Spire's fair value estimate at $89.61, citing minor adjustments to growth and profitability expectations that resulted in no change to the overall price target. What's in the News Spire's board of directors has unanimously approved an increase to the annual common stock dividend, raising it to $3.30 per share from $3.14 per share (Key Developments).SR: Measured Outlook Will Balance Profit Upside And Revenue Slowdown
Narrative Update on Spire: Change in Analyst Price Target Analysts have raised their price target for Spire from $83.69 to $89.61, citing adjusted projections in revenue growth, profit margin, and other key financial metrics. Valuation Changes Fair Value: Increased from $83.69 to $89.61, reflecting a higher assessment of Spire's intrinsic worth.Modernizing Infrastructure And Tennessee Expansion Will Unlock Capital Opportunities
Spire Analyst Price Target Rises Amid Improved Metrics Analysts have raised their fair value estimate for Spire from $80.36 to $83.69, citing improved financial forecasts and a modest uptick in profitability projections. Valuation Changes Fair Value Estimate has increased from $80.36 to $83.69, reflecting a modest rise.Modernizing Infrastructure And Tennessee Expansion Will Unlock Capital Opportunities
Analysts have slightly lowered their price target for Spire from $80.93 to $80.36. This reflects a modest adjustment based on updated forecasts for growth and profitability.Spire Inc. (NYSE:SR) Shares Could Be 20% Below Their Intrinsic Value Estimate
Sep 11With EPS Growth And More, Spire (NYSE:SR) Makes An Interesting Case
Aug 24Investors Appear Satisfied With Spire Inc.'s (NYSE:SR) Prospects
Jul 30Spire: The High-Yield Preferreds Are The Best Play For This Utility
Sep 19
Modernizing Infrastructure And Tactical Cost Management Propel Future Growth
Spire's emphasis on cost management and efficiency is set to enhance operational efficiency and lower overall costs, potentially boosting net margins from 2025.Spire: A Good Utility To Play Defense
Jul 24CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | US$270m |
| Sep 30 2025 | US$3m | US$701k | US$257m |
| Jun 30 2025 | n/a | n/a | US$271m |
| Mar 31 2025 | n/a | n/a | US$237m |
| Dec 31 2024 | n/a | n/a | US$232m |
| Sep 30 2024 | US$2m | US$393k | US$236m |
Compensation vs Market: Scott's total compensation ($USD3.33M) is below average for companies of similar size in the US market ($USD8.56M).
Compensation vs Earnings: Scott's compensation has increased by more than 20% in the past year.
CEO
Scott Doyle (53 yo)
1.1yrs
Tenure
US$3,328,340
Compensation
Mr. Scott Edward Doyle is President, CEO & Director of Spire Inc. from April 24, 2025 and was its Executive VP & COO from January 15, 2024 until April 24, 2025. He joined Spire in January of 2024. He is Ch...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.1yrs | US$3.33m | 0.014% $ 769.5k | |
| Executive VP & CFO | 1.3yrs | US$1.07m | 0.019% $ 999.0k | |
| Senior VP and Chief Customer & Information Officer | 12.1yrs | US$895.28k | 0.031% $ 1.7m | |
| Senior VP & Chief Legal Officer | 2.3yrs | US$978.44k | 0.0084% $ 455.3k | |
| Senior VP & President of Spire Missouri | 2.8yrs | US$811.99k | 0.0067% $ 360.5k | |
| Executive VP & COO | less than a year | no data | 0.017% $ 897.2k | |
| VP & Chief Accounting Officer | 1.3yrs | no data | 0.014% $ 740.4k | |
| Senior VP | 3.9yrs | no data | 0.0086% $ 461.2k | |
| Managing Director of Investor Relations | 3.3yrs | no data | no data | |
| Managing Director of Communications & Marketing | no data | no data | no data | |
| Chief Financial Officer of Laclede Energy Resources | no data | no data | no data | |
| VP, Chief Governance Officer & Corporate Secretary | 14yrs | no data | no data |
2.6yrs
Average Tenure
49yo
Average Age
Experienced Management: SR's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 1.1yrs | US$3.33m | 0.014% $ 769.5k | |
| Independent Director | 12.3yrs | US$261.78k | 0.034% $ 1.8m | |
| Independent Director | 2.8yrs | US$229.92k | 0.022% $ 1.2m | |
| Independent Director | 4.5yrs | US$229.92k | 0.0059% $ 317.4k | |
| Independent Director | 11.8yrs | US$256.76k | 0.026% $ 1.4m | |
| Independent Director | 19.3yrs | US$253.69k | 0.056% $ 3.0m | |
| Independent Chairman | 10.3yrs | US$349.92k | 0.031% $ 1.7m | |
| Independent Director | 2.1yrs | US$229.92k | 0.0028% $ 149.8k | |
| Independent Director | 2.8yrs | US$229.92k | 0.0094% $ 504.9k |
4.5yrs
Average Tenure
66yo
Average Age
Experienced Board: SR's board of directors are considered experienced (4.5 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/01 05:13 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/09/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Spire Inc. is covered by 14 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Ross Fowler | BofA Global Research |
| Ross Fowler | BofA Global Research |
| Michael Gaugler | Brean Capital Historical (Janney Montgomery) |