utility News & Analysis
2 articles
Market Mood
Spire Inc. (SR) Divests Gas Marketing Business for $215 Million
On April 30, Spire Inc. (SR) sold its gas marketing segment, Spire Marketing, to Boardwalk Pipelines for $215 million in cash. This move is part of Spire's strategy to focus on core utility operations, enhancing its risk profile and earnings visibility. In Q2 of FY 2026, Spire reported a net income of $217.6 million, or $3.51 per diluted share, up from $189.3 million or $3.17 per share a year prior. Adjusted earnings rose to $223.7 million, or $3.76 per share, reflecting growth in the Gas Utility segment, crucial for its operations serving nearly 2 million customers.
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Duke Energy (DUK) Exceeds Q1 2026 Earnings Forecasts, Stock Stable
Duke Energy (DUK) reported its Q1 2026 earnings, exceeding market forecasts. The company's performance led to a stable stock price during this reporting period. Specific figures related to revenue and earnings per share were not disclosed in the article. The stability of DUK's stock amidst these results may indicate investor confidence in the utility sector, which is relevant for overall market conditions. Analysts will be watching for future guidance and any impact on the company's P/E ratio.
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