Street Calls of the Week
ST. LOUIS - Spire Inc. (NYSE:SR), a $4.5 billion market cap utility company currently trading near InvestingPro’s Fair Value assessment, has appointed Steve Greenley as executive vice president and chief operating officer, effective October 13, 2025, according to a press release issued Monday.
Greenley, who brings more than 25 years of utility industry experience, will oversee the company’s natural gas utilities serving over 1.7 million customers across Alabama, Missouri and Mississippi, as well as Spire Midstream operations. The company has maintained a strong dividend track record, having raised dividends for 21 consecutive years with a current yield of 4.1%.
Prior to joining Spire, Greenley served as senior vice president of commercial services, gas distribution and storage at Enbridge. He previously held various leadership positions at CenterPoint Energy.
"Steve’s experience optimizing operations across multiple functions and across the customer value chain will help us continue to drive operational excellence throughout our organization," said Scott Doyle, Spire president and chief executive officer.
Greenley holds a bachelor’s degree in mechanical engineering from the University of Texas in Austin. He currently serves on the Policy Council for the American Gas Association and the Executive Management Committee for the Canadian Gas Association.
He is also active with the United Way of Greater Houston, serving as co-chair of its Alexis de Tocqueville Committee. His previous industry engagement includes board roles with the Texas Gas Association and the Greater Houston area March of Dimes.
Spire Inc. is one of the largest publicly traded natural gas companies in the United States, with operations including gas utilities and natural gas-related businesses such as Spire Marketing and Spire Midstream. The company maintains a "Good" financial health score according to InvestingPro, which offers comprehensive analysis and 8 additional key insights about Spire’s financial position and growth prospects in its Pro Research Report.
In other recent news, Spire Inc. reported its financial results for the third quarter of 2025, exceeding revenue forecasts. The company achieved an adjusted earnings per share of $0.01, outperforming the anticipated loss of $0.14 per share. Revenue reached $421.9 million, surpassing expectations of $354.37 million, which represents a 19.06% surprise. Additionally, Spire announced a $2.48 billion acquisition of Piedmont Natural Gas, which has led BofA Securities to downgrade the company’s rating from Neutral to Underperform, citing concerns about the acquisition’s impact on near-term financial performance.
Meanwhile, Mizuho has raised its price target for Spire to $83.00, maintaining an Outperform rating. The firm sees significant upside potential in Missouri’s actual earned returns in fiscal year 2026, with further growth expected as the company shifts to forward-test year ratemaking in fiscal year 2027 and beyond. These developments reflect the ongoing strategic changes and financial performance of Spire.
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