Spire embodies a promise to bring people and energy together in ways that enrich lives and create value for our shareholders.
Our growth is driven by a clear strategy and a strong commitment to do what we promise - for the sake of our customers, our employees and our investors. By consistently delivering on our strategy, we have grown to be the fifth-largest publicly traded gas utility in the country, based on the number of homes and businesses served.
At Spire, we believe the greatest energy in the world comes from one source—people. So we created a strategy to use that energy for good and have a positive, measurable impact on the world around us. See how we did in our 2019 Corporate Social Responsibility report.
- Growing earnings, strong cash flow and increasing dividends
- Solid balance sheet, ample liquidity and investment-grade credit ratings
- Outlook for long-term annual EPS growth of 4%-7%
- Above industry and market average returns to shareholders over last five years
Over the last six years, we’ve transformed our company, increased our scale and expanded the scope and reach of our business. We continue to be driven by our desire and strategy to grow through:
- Growing organically
- Investing in infrastructure
- Advancing through innovation
To keep our promises and live into our mission, we execute on our financial strategy with precision. With a strong and experienced management team in place we are doing just that by driving earnings growth. This is how we go above and beyond for the people we serve today, and those we aspire to serve tomorrow.
It all starts with growing organically - increasing our customers, improving retention and further penetrating the markets we serve across our three-state utility footprint. We are driving revenue and margin growth and using our increased scale and shared services structure to achieve cost efficiencies and higher margins.
We're growing primarily through investing in our gas utilities for upgrades to our infrastructure and for new business. Our five-year (2020-2024) capital expenditures forecast reflects a total investment of $2.8B driven by a 15+ year pipeline replacement program. Our utility spend is more than 80% recovered with minimal regulatory lag or reflected in earnings.
We are building on our legacy of continually improving service and efficiency, while reducing costs. We are formalizing our innovation efforts through a structured approach and defined processes. At the same time, we are leveraging technology to drive innovation and stronger performance.
At Spire, we’re pushing boundaries, growing, innovating and doing all we can to advance people, performance and possibilities through the strength of our energy.