Spire Inc. is a natural gas company efficiently serving more than 1.7 million customers in the United States. It was founded in 2000 and is headquartered in St. Louis, MO. The company continues to expand business organically via making systematic investments to expand infrastructure and advance through innovation. More than 90% of its profits come from regulated operations, which provide a clear idea about future earnings. The company operates nearly 61,200 miles of pipelines. Its natural gas-related businesses include Spire Marketing, Spire STL Pipeline and Spire Storage. The company operates via segments, namely Gas Utility, Gas Marketing and Midstream.

Gas Utility: This segment is the combination of all the regulated activities of its utilities and is a major contributor to the company’s earnings. At the end of fiscal 2023, it reported operating revenues of $2.46 billion.

Gas Marketing: This includes the results of Spire Marketing, a non-regulated subsidiary that markets natural gas and related activities. It also includes the utilization of natural gas storage contracts for providing natural gas sales. This segment registered operating revenues of $179.1 million in fiscal 2023.

Midstream: Operating revenues totaled $66.1 million for this segment in the same time frame.

Other: This includes unallocated corporate items and operations of Spire STL Pipeline LLC and Spire Storage West LLC. Spire STL Pipeline is a wholly owned subsidiary of Spire. It owns and operates a 65-mile pipeline connecting the Rockies Express Pipeline in Scott County to delivery points in St. Louis County, which include Spire Missouri’s storage facility. The pipeline was constructed during fiscal 2019 while it was placed in service in November 2019. Spire Storage is engaged in the storage of natural gas in the western region of the United States and consists of two storage fields. This segment reported operating revenues of $16.7 million in fiscal 2023. Eliminations reduced sales by $52.5 million in the same time frame.