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, cash flow and dividends
- Solid balance sheet, ample liquidity and solid investment-grade credit ratings
- Outlook for long-term annual EPS growth of 4%-7%
Over the last five years, we’ve transformed our company, increased our scale and expanded our geographic footprint. 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 footprint. We are driving top-line 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 $2.8B driven by pipeline replacement for our natural gas distribution system in AL, MS and MO, the construction of Spire STL Pipeline, and the development of Spire Storage.
Over the last several years, we have grown and transformed our company by successfully acquiring and integrating gas utilities. Our proven ability to integrate acquisitions well stems from our focus on bringing people and technology together in ways that add value for our customers and our shareholders. We now have the scale necessary to serve as a platform for our broader growth ambitions including achieving our earnings growth targets through our organic growth initiatives and investment plans.
Through options like a mobile-friendly website, we are making it easier for them to reach us when and how they want to and to manage their account on the go. We are also implementing technology upgrades to improve real-time connectivity for our field teams, leading to improved efficiency and an improved ability to serve our customers. At the same time, we have launched an effort to standardize our information technology platform company-wide, which will continue to drive improvements in performance and service quality.