Spire Inc

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Spire Inc
Public
Traded as
IndustryEnergy
Founded1857 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
ServicesNatural gas distribution
RevenueIncrease $1.741 Billion (2017)[2]
Increase $0.322 Billion (2017)[2]
Increase $0.162 Billion (2017)[2]
Total assetsIncrease $6.547 Billion (2017)[2]
Total equityIncrease $1.991 Billion (2017)[2]
Number of employees
Increase3,296 (2016)[3]
SubsidiariesAlabama Gas Corporation (Alagasco)
EnergySouth, Inc.
Laclede Gas Company
Websitewww.spireenergy.com

Spire Inc. (NYSESR) 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[edit]

The company was one of the original 12 industrial companies that made up the Dow Jones Industrial Average but was removed in 1899.[5][better source needed] 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[edit]

References[edit]

  1. ^ "Spire Officers". Spire Energy. Retrieved 3 May 2017.
  2. ^ a b c d e "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. ^ Group, Spire Inc ; The Laclede. "The Laclede Group is Now Spire". www.prnewswire.com.
  9. ^ "Sempra U.S. Gas & Power Closes Sale of Parent Company of Mobile Gas and Willmut Gas". Retrieved 5 May 2017.

External links[edit]