11 stories mentioning SR
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Spire (SR) has an average rating of overweight and mean price target of $100.86, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $85.21, Change: $-0.31, Percent Change: -0.36%
Energy stocks fell Wednesday with the NYSE Energy Sector Index slumping 3.9% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 4.1%.The Philadelphia Oil Service Sector Index shed 2%, and the Dow Jones US Utilities Index dropped 1.5%.Crude prices fell Wednesday amid prospects of a diplomatic breakthrough between the US and Iran.West Texas Intermediate crude oil tumbled 7.1% to $95.03 a barrel, and global benchmark Brent slumped 7.9% to $101.15 a barrel. Henry Hub natural gas futures fell 2.5% to $2.72 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, fell 7.5 million barrels in the week ended Friday following a decrease of 13.4 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks dropped 2.3 million barrels after a decline of 6.2 million in the previous week, compared with the decrease of 3.4 million expected in a survey compiled by Bloomberg.In corporate news, Spire (SR) shares fell 4% after the company's fiscal Q2 operating revenue came in below analysts' expectations.Vermilion Energy (VET) reported a Q1 loss following a year-earlier profit. The shares dropped 13%.Equinor (EQNR) shares tumbled 8% after the firm reported Q1 revenue that fell more than Wall Street expected.
Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index falling 4.1% and the State Street Energy Select Sector SPDR ETF (XLE) dropping 4.2%.The Philadelphia Oil Service Sector Index was shedding 2.1%, and the Dow Jones US Utilities Index was down 0.9%.Crude prices fell Wednesday amid prospects of a diplomatic breakthrough between the US and Iran. US and Iranian officials are close to a one-page memorandum of understanding to end the war and establish a framework for future nuclear negotiations, Axios reported. The proposed MoU would include Iran committing to a moratorium on nuclear enrichment, with the US agreeing to ease sanctions and release frozen Iranian funds, according to the report. Both sides would lift restrictions on shipping through the Strait of Hormuz.Front-month West Texas Intermediate crude oil sank 7.1% to $95.03 a barrel, and the global benchmark Brent crude contract slumped 7.9% to $101.15 a barrel. Henry Hub natural gas futures fell 2.5% to $2.72 per 1 million BTU.In corporate news, Spire (SR) shares fell 3% after the company's fiscal Q2 operating revenue came in below analysts' expectations.
Spire Keeps Quarterly Dividend at $0.825 a Share, Payable July 2 to Holders of Record June 11
Energy stocks gained Wednesday with the NYSE Energy Sector Index rising 1.1% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.2%.The Philadelphia Oil Service Sector Index climbed 1.8%, and the Dow Jones US Utilities Index shed 0.2%.Crude prices rose as Iran said it seized two container ships in the Strait of Hormuz, indicating heightened tensions even as President Donald Trump extended a ceasefire with Tehran.West Texas Intermediate crude oil rose 3.3% to $92.60 a barrel, and global benchmark Brent advanced 3.2% to $101.63 a barrel. Henry Hub natural gas futures gained 0.6% to $2.71 per 1 million BTU.In sector news, US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 2.2 million barrels in the week ended Friday following a decrease of 5.1 million in the previous week. Excluding inventories in the SPR, commercial crude oil stocks rose by 1.9 million after a drop of 900,000 in the previous week, compared with a decrease of 2 million expected in a survey compiled by Bloomberg.In corporate news, GE Vernova (GEV) shares jumped 14% after the company reported a jump in Q1 earnings and revenue and raised its annual sales forecast.Exxon Mobil (XOM) is considering a sale of its Esso-branded gasoline station network in Hong Kong, with the assets valued at $500 million to $600 million, Bloomberg reported. Exxon shares added 0.7%.Spire (SR) agreed to sell its Mississippi local gas distribution business to Delta Utilities, which is backed by Bernhard Capital Partners, for $75 million. Spire shares fell 0.7%.The US Supreme Court on Wednesday rejected Enbridge's (ENB) motion to move a lawsuit seeking to halt the company's operation of the Line 5 pipeline from Michigan state court to federal court. Enbridge shares fell 0.1%.
Energy stocks were higher late Wednesday afternoon, with the NYSE Energy Sector Index rising 1.2% and the State Street Energy Select Sector SPDR ETF (XLE) adding 1.3%.The Philadelphia Oil Service Sector Index was climbing 1.8%, and the Dow Jones US Utilities Index was shedding 0.2%.Front-month West Texas Intermediate crude oil was rising 3.3% to $92.60 a barrel, and the global benchmark Brent crude contract was advancing 3.2% to $101.63 a barrel. Henry Hub natural gas futures rose 0.6% to $2.71 per 1 million BTU.In corporate news, Spire (SR) said Wednesday that it agreed to sell its Mississippi local gas distribution business to Delta Utilities, which is backed by Bernhard Capital Partners, for $75 million in cash. Spire shares were down 1.1%.
Spire (SR) has an average rating of overweight and mean price target of $100.22, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index down 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) decreasing 0.3%.The Philadelphia Oil Service Sector Index was adding 0.4%, and the Dow Jones US Utilities Index was shedding 0.9%.In sector news, President Donald Trump said he sees the US-Israel war with Iran "as very close to over," news outlets reported, citing an interview on Fox Business Network conducted Tuesday and broadcast Wednesday.Front-month West Texas Intermediate crude oil shed 0.3% to $90.98 a barrel, and the global benchmark Brent crude contract was steady at $94.79 a barrel. Henry Hub natural gas futures increased 0.5% to $2.61 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined 5.1 million barrels in the week ended April 10 following an increase of 1.3 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 900,000 barrels after a 3.1-million-barrel increase in the previous week, compared with the 1.9-million-barrel increase expected in a survey compiled by Bloomberg.In corporate news, ReNew Energy Global (RNW) shares rose 2.4% after the firm said Wednesday it has commissioned roughly 2.4 gigawatts of assets in fiscal 2026, bringing its total operating capacity to about 12.6 GW.Spire (SR) has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million, the companies said Wednesday. Spire shares were down 0.4%.Equinor's (EQNR) Danske Commodities said it eliminated about 28 positions in March, as the company aims to further its new commercial strategy. Equinor shares fell 3.2%.NOV (NOV) shares fell 0.4% after the company said disruptions linked to the war in the Middle East are expected to weigh on its Q1 results, with revenue and earnings coming in below prior guidance due to logistical challenges and delayed equipment deliveries in the region.
Energy stocks were mixed Wednesday afternoon, with the NYSE Energy Sector Index easing 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.3%.The Philadelphia Oil Service Sector Index was adding 0.5%, and the Dow Jones US Utilities Index was shedding 0.7%.In sector news, President Donald Trump downplayed the possibility of an extended war in Iran. Trump said the war with Iran was close to over, telling the world to brace for an "amazing two days," as the army chief of mediator Pakistan arrived in Tehran in a bid to prevent a renewed conflict, Reuters reported. Pakistan's military confirmed Field Marshal Asim Munir had arrived in Tehran, the news report said. A senior Iranian source told Reuters that Munir, who had mediated the last round of talks, was heading to Iran "to narrow gaps" between the two sides.Front-month West Texas Intermediate crude oil was rising 0.7% to $91.87 a barrel, and the global benchmark Brent crude contract was advancing 0.6% to $95.40 a barrel. Henry Hub natural gas futures increased 0.2% to $2.61 per 1 million BTU.US crude oil stocks, including those in the Strategic Petroleum Reserve, declined by 5.1 million barrels in the week ended April 10 following an increase of 1.3 million barrels in the previous week. Excluding inventories in the SPR, commercial crude oil stocks fell by 900,000 barrels after a 3.1-million-barrel increase in the previous week, compared with the 1.9-million-barrel increase expected in a survey compiled by Bloomberg.In corporate news, Spire (SR) has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million, the companies said Wednesday. Spire shares were down 0.4%.Equinor's (EQNR) Danske Commodities said it eliminated about 28 positions in March, as the company aims to further its new commercial strategy. Equinor shares fell 1.7%.NOV (NOV) shares decreased 0.4% after the company said disruptions linked to the war in the Middle East are expected to weigh on its Q1 results, with revenue and earnings coming in below prior guidance due to logistical challenges and delayed equipment deliveries in the region.BP (BP) plans to simplify its business into two main divisions focused on oil and gas production and downstream operations, marking a shift away from its earlier energy transition strategy, multiple media sources reported Tuesday. BP shares were up 0.4%.
Energy stocks were slightly higher Wednesday afternoon, with the NYSE Energy Sector Index up 0.1% and the State Street Energy Select Sector SPDR ETF (XLE) increasing 0.2%.The Philadelphia Oil Service Sector Index was adding 0.5%, and the Dow Jones US Utilities Index was shedding 0.7%.Front-month West Texas Intermediate crude oil was rising 0.7% to $91.87 a barrel, and the global benchmark Brent crude contract was advancing 0.6% to $95.40 a barrel. Henry Hub natural gas futures increased 0.2% to $2.61 per 1 million BTU.In corporate news, Spire (SR) has agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million, the companies said Wednesday. Spire shares were down 0.2%.
Spire (SR) said Wednesday it will sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million.The transaction includes $600 million in cash at closing along with a fixed $50 million fixed, non-contingent deferred payment scheduled for receipt in Spire's fiscal year 2027.Spire said the proceeds will partly fund its acquisition of Piedmont Natural Gas Tennessee, which closed Mar. 31.I Squared said it aims to grow the platform by improving operations and pursuing expansion as demand for natural gas storage rises across western and mid-continent US regions.Spire Storage comprises two assets, including Spire Storage West in southwestern Wyoming, which operates two fields with capacity of up to 55 billion cubic feet of working gas.Spire Storage Salt Plains, located in north-central Oklahoma, provides up to 17 Bcf capacity and connects to major pipeline systems including Southern Star Pipeline and Oklahoma Gas Transmission.Spire Chief Executive Officer Scott Doyle said the sale aligns with its strategy to focus on regulated utility operations, while improving risk profile and supporting long-term growth as natural gas demand remains strong.The deal is expected to close in the second half of fiscal 2026, subject to regulatory approvals and standard closing conditions, including antitrust clearance requirements.Price: $91.70, Change: $-0.91, Percent Change: -0.98%