Spire Inc

Spire Inc
Public
Traded as NYSE: SR
S&P 600 Component
Industry Energy
Founded 1857 as The Laclede Gas Light Company
Headquarters St. Louis, Missouri, United States
Area served
 St. Louis, Missouri
Kansas City, Missouri
Birmingham, Alabama
Mobile, Alabama
Hattiesburg, Mississippi
Key people
 Suzanne Sitherwood (CEO)[1]
Products
Natural gas
Services Natural gas distribution
Revenue Increase $1.741 Billion (2017)[2]
Increase $0.322 Billion (2017)[2]
Increase $0.162 Billion (2017)[2]
Total assets Increase $6.547 Billion (2017)[2]
Total equity Increase $1.991 Billion (2017)[2]
Number of employees
 Increase3,296 (2016)[3]
Subsidiaries Alabama Gas Corporation (Alagasco)
EnergySouth, Inc.
Laclede Gas Company
Website www.spireenergy.com

Spire Inc. (NYSE: SR) is a public utility holding company based in St. Louis, Missouri, providing natural gas service through its regulated core utility operations while engaging in non-regulated activities that provide business opportunities. Its primary subsidiary Laclede Gas Company is the largest natural gas distribution utility in Missouri, serving approximately 631,000 residential, commercial and industrial customers in the City of St. Louis and ten counties in eastern Missouri. Its corporate headquarters is located in the 700 Market building in downtown St. Louis.

On April 29, 2016, the company began trading on the New York Stock Exchange under the symbol SR. It had previously been known as the Laclede Group, trading under the symbol LG.[4]

History

The company was one of the original 12 industrial companies that made up the Dow Jones Industrial Average but was removed in 1899.[5] On December 7, 2009, executives from The Laclede Group visited the New York Stock Exchange (NYSE) to ring the closing bell and commemorate the company’s 120th anniversary of trading on the exchange. The Company first listed its stock on November 14, 1889, making it the 8th-oldest listed stock on the NYSE.

In 2013, The Laclede Group acquired Missouri Gas Energy from Southern Union Company,[6] expanding their Missouri footprint to include Kansas City.

In 2014 Laclede acquired Alabama Gas Corporation (Alagasco),[7] which serves the Birmingham, AL and surrounding area.

On April 28, 2016, The Laclede Group shareholders approved renaming the company to Spire.[8] Later in 2016, Spire acquired Energy South, Inc from Sempra U.S. Gas & Power, the parent company of Mobile Gas and Willmut Gas.[9] Mobile Gas operates in Mobile, AL while Willmut gas operates in Hattiesburg, MS.

See also

References

  1. ↑ "Spire Officers". Spire Energy. Retrieved 3 May 2017.
  2. 1 2 3 4 5 "Spire Reports 2017 Results". Spire Inc. 2017-11-15. Retrieved 2017-12-06.
  3. ↑ "2016 Annual Report for Spire Inc" (PDF). Spire Inc. Retrieved 2017-05-03.
  4. ↑ "Laclede News Release". Retrieved 1 December 2016.
  5. ↑ Dow Jones Industrial Average#History
  6. ↑ Weiderman, Greta (2013-09-03). "Laclede closes on $975 million acquisition of Missouri Gas Energy". St. Louis Business Journal. Retrieved 2015-02-14.
  7. ↑ Company Press Release. "The Laclede Group Acquires Alabama Gas Corporation". Laclede Group Inc. Retrieved September 2, 2014.
  8. ↑ http://www.prnewswire.com/news-releases/the-laclede-group-is-now-spire-300259240.html
  9. ↑ "Sempra U.S. Gas & Power Closes Sale of Parent Company of Mobile Gas and Willmut Gas". Retrieved 5 May 2017.
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