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’re always in motion, working to advance our people, our service and our performance by using our energy to explore new opportunities and innovative ideas for the future.
- 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.
And we’re growing through investing in infrastructure upgrades for our gas utilities, as well as the growth of our gas-related businesses. Our five-year (2019-2023) capital expenditures forecast reflects a total investment of $3.0B driven by pipeline replacement for our natural gas distribution system in AL, MS and MO, the advancement of our midstream operations including commercial operation of Spire STL Pipeline, and the development of Spire Storage.
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.