Spire Inc.
| Company type | Public |
|---|---|
| Industry | Natural gas distribution |
| Founded | April 28, 2016 |
| Headquarters | St. Louis , United States |
Area served | Missouri, Alabama, Mississippi |
Key people | Suzanne Sitherwood (CEO) |
| Products | Natural gas distribution |
Spire Inc. operates as a regional public utility holding company headquartered in St. Louis, Missouri, focusing primarily on regulated natural gas distribution along with various unregulated business ventures. Its principal subsidiary, Laclede Gas Company, stands as the largest natural gas distributor in Missouri, catering to approximately 631,000 residential, commercial, and industrial clients throughout St. Louis and ten counties in eastern Missouri. The company’s main office is situated within the 700 Market building located in downtown St. Louis.
The company commenced trading on the New York Stock Exchange under the symbol SR on April 29, 2016. Prior to this, it was listed as the Laclede Group with the ticker LG.
History
Laclede Gas Company was one of the original dozen firms included in the Dow Jones Industrial Average, though it was removed from the index in 1899. To celebrate its 120 years of trading, executives from The Laclede Group rang the closing bell at the New York Stock Exchange on December 7, 2009. The company’s initial listing on the NYSE dates back to November 14, 1889, ranking it as the eighth oldest stock on the exchange.
On February 1, 2012, Suzanne Sitherwood became Laclede’s first female CEO. She holds a bachelor’s degree in industrial engineering technology complemented by an MBA.
In 2013, The Laclede Group broadened its footprint in Missouri by acquiring Missouri Gas Energy from Southern Union Company, thereby extending service coverage to include Kansas City.
The acquisition of Alabama Gas Corporation (Alagasco) occurred in 2014, incorporating key Alabama markets such as Birmingham, Gadsden, Jasper, Anniston-Oxford, Tuscaloosa, Montgomery, Opelika-Auburn, Tuskegee, Selma, and several communities in the Black Belt region under the name Spire Alabama Inc.
Shareholders approved a corporate name change to Spire on April 28, 2016. Later that year, Spire expanded further by purchasing Energy South, Inc from Sempra U.S. Gas & Power, which included Mobile Gas and Willmut Gas operations. Mobile Gas provides service in Mobile, Alabama as Spire Gulf Coast Inc., while Willmut Gas operates around Hattiesburg, Mississippi as Spire Mississippi Inc.
See also
- Laclede Gas Company – Subsidiary of The Laclede Group
- Laclede Gas Building
External links
- Articles with short description
- 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
- Companies based in Missouri
- 19th-century initial public offerings
- Companies in the S&P 400