Figma Shares Indicated To Open $105/$110
ST. LOUIS, MO – Spire Inc. (NYSE:SR), a natural gas distribution company based in Missouri with a market capitalization of $4.5 billion, announced the filing of a new shelf registration statement and a prospectus supplement related to its "at-the-market" equity offering program. The filing was made with the Securities and Exchange Commission (SEC) on Wednesday, replacing the previous shelf registration statement filed on May 9, 2022. According to InvestingPro data, the company operates with a significant debt burden of $4.76 billion and a current ratio of 0.43, suggesting potential reasons for this equity offering initiative.
The new registration statement became effective immediately upon filing, allowing Spire to issue and sell up to $123,613,839 in shares of its common stock, par value $1.00 per share. The timing and amount of any sales will be determined by the company as part of its "at-the-market" equity offering program.
In conjunction with the filing, Spire also submitted a legal opinion by Matthew Aplington, Esq., regarding the legality of the shares to be issued under the program. This legal opinion has been included as Exhibit 5.1 in the current report.
This announcement follows the company’s previous report on Form 8-K filed on February 6, 2024, which initially detailed the "at-the-market" equity offering program.
The registration statement and prospectus supplement filings are part of Spire Inc.’s ongoing efforts to maintain financial flexibility and support its operational and strategic initiatives.
Investors can find the shares of Spire Inc. listed on the New York Stock Exchange under the ticker symbol "SR" for its common stock and "SR.PRA" for its depositary shares, each representing a 1/1000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, with a par value of $25.00 per share.
The information provided is based on a press release statement filed by Spire Inc. with the SEC.
In other recent news, Spire Inc. reported its Q2 2025 earnings, revealing adjusted earnings per share (EPS) of $3.60, which fell short of the anticipated $3.65. The company’s revenue also missed forecasts, coming in at $1.05 billion compared to the expected $1.23 billion. Despite these shortfalls, Spire increased its fiscal 2025 capital investment target to $840 million and reaffirmed its long-term EPS growth target of 5-7%. The gas utilities segment contributed approximately $195 million to earnings, showcasing a year-over-year increase of $18 million in total adjusted earnings. Spire remains focused on infrastructure modernization with a planned $7.4 billion investment over the next decade. The company provided fiscal 2025 earnings guidance of $4.4 to $4.6 per share, supported by ongoing infrastructure investments. Additionally, Spire is engaged in discussions regarding regulatory challenges in Missouri, specifically addressing weather-related margin impacts.
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