Spire Inc.
 | |
| Company type | Public |
|---|---|
| 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 |  $1.741 Billion (2017)[2] |
| $0.322 Billion (2017)[2] | |
| $0.162 Billion (2017)[2] | |
| Total assets | $6.547 Billion (2017)[2] |
| Total equity | $1.991 Billion (2017)[2] |
Number of employees | 3,296 (2016)[3] |
| Subsidiaries | Alabama Gas Corporation (Alagasco) EnergySouth, Inc. Laclede Gas Company |
| Website | www |
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][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
- Laclede Gas Company - Subsidiary of the Laclede Group
- Laclede Gas Building
External links
References
- ^ "Spire Officers". Spire Energy. Retrieved 3 May 2017.
- ^ a b c d e "Spire Reports 2017 Results". Spire Inc. 2017-11-15. Retrieved 2017-12-06.
- ^ "2016 Annual Report for Spire Inc" (PDF). Spire Inc. Retrieved 2017-05-03.
- ^ "Laclede News Release". Retrieved 1 December 2016.
- ^ Dow Jones Industrial Average#History
- ^ Weiderman, Greta (2013-09-03). "Laclede closes on $975 million acquisition of Missouri Gas Energy". St. Louis Business Journal. Retrieved 2015-02-14.
- ^ Company Press Release. "The Laclede Group Acquires Alabama Gas Corporation". Laclede Group Inc. Retrieved September 2, 2014.
- ^ http://www.prnewswire.com/news-releases/the-laclede-group-is-now-spire-300259240.html
- ^ "Sempra U.S. Gas & Power Closes Sale of Parent Company of Mobile Gas and Willmut Gas". Retrieved 5 May 2017.
- Energy companies of the United States
- Holding companies of the United States
- Natural gas companies of the United States
- Oil companies of the United States
- Companies based in St. Louis
- Energy infrastructure in Missouri
- Energy companies established in 2016
- Holding companies established in 2016
- Non-renewable resource companies established in 2016
- 2016 establishments in Missouri
- Companies listed on the New York Stock Exchange