Weak Results and Missouri Weather Normalization Concerns Weigh on Spire (SR)

Reaves W H & Co Inc’s second-quarter 2026 investor letter reports a 0.25% net increase for its “Reaves Dividend Income Strategy”, outperforming the MSCI USA Infrastructure benchmark, while year-to-date performance reached 13.85%, also ahead of the index. The letter can be downloaded here. Cash distributions from portfolio companies grew by a weighted average 5.3% over the past 12 months. Despite geopolitical tensions in the Middle East and policy uncertainty creating market volatility,...