SR · Spire Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | $762.20M | $421.90M | $1.05B | $414.10M | $1.13B | $756.60M | $418.50M | $1.12B | $814.00M |
| Cost of Revenue | - | $296.80M | - | - | - | - | - | - | - | - |
| Gross Profit | - | $465.40M | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | $716.50M | $588.70M | $352.70M | $744.90M | $383.40M | $829.90M | $617.40M | $406.50M | $863.10M | $663.80M |
| D&A | $84.50M | $81.40M | $75.70M | $73.70M | $71.40M | $68.90M | $67.00M | $64.30M | $62.60M | $56.90M |
| Operating Income | $303.50M | $173.50M | $69.20M | $306.40M | $30.70M | $298.60M | $139.20M | $12.00M | $260.30M | $95.30M |
| Interest Expense | $62.60M | $60.40M | $49.90M | $47.40M | $48.80M | $52.20M | $50.60M | $46.70M | $47.20M | $43.60M |
| Income Tax | $52.70M | $23.40M | $3.00M | $52.70M | ($3.10M) | $49.40M | $21.00M | ($6.80M) | $40.90M | $21.60M |
| Net Income | $282.20M | $95.00M | $20.90M | $209.30M | ($12.60M) | $204.30M | $85.10M | ($21.60M) | $179.20M | $91.00M |
| EPS - Basic | $4.61 | $1.55 | $0.29 | $3.52 | ($0.28) | $3.59 | $1.52 | ($0.48) | $3.33 | $1.01 |
| EPS - Diluted | $4.60 | $1.54 | $0.29 | $3.51 | ($0.28) | $3.58 | $1.52 | ($0.48) | $3.33 | $1.01 |
Balance Sheet
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $49.50M | $4.10M | $5.70M | $15.20M | $4.50M | $25.60M | $4.80M | $5.60M | $6.90M | $4.80M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $185.20M | $309.50M | $248.30M | $283.50M | $237.20M | $193.40M | $293.80M | $253.10M | $232.30M | $506.80M |
| Current Assets | $1.59B | $1.04B | $807.70M | $907.80M | $771.30M | $1.01B | $1.22B | $1.08B | $1.11B | $1.63B |
| Total Assets | $14.67B | $11.88B | $11.58B | $11.35B | $10.86B | $10.71B | $10.63B | $10.31B | $10.05B | $10.33B |
| Current Liabilities | $2.91B | $1.71B | $2.55B | $2.11B | $1.70B | $1.65B | $2.21B | $1.76B | $1.41B | $2.40B |
| Long-term Debt | $5.76B | $4.45B | $3.37B | $3.35B | $3.70B | $3.42B | $3.25B | $3.55B | $3.70B | $3.16B |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $3.42B | $3.43B | $3.39B | $3.51B | $3.23B | $3.39B | $3.05B | $2.92B | $2.99B | $2.86B |
| Retained Earnings | $1.35B | $1.13B | $1.09B | $1.21B | $1.02B | $1.16B | $997.30M | $958.00M | $1.09B | $953.00M |
Cash Flow
| Line item | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | $81.00M | - | - | - | - | $70.00M | - | - | ($170.80M) |
| Investing Cash Flow | - | ($201.30M) | - | - | - | - | ($225.20M) | - | - | ($151.70M) |
| Financing Cash Flow | - | $119.00M | - | - | - | - | $154.70M | - | - | $321.00M |
| CapEx | - | $202.80M | $220.50M | $218.60M | $222.20M | $182.80M | $226.50M | - | - | $154.80M |
| Free Cash Flow | - | ($121.80M) | - | - | - | - | ($156.50M) | - | - | ($325.60M) |
Ratios
| Metric | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q3 '24 | Q2 '24 | Q1 '24 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | 61.1% | - | - | - | - | - | - | - | - |
| Operating margin | - | 22.8% | 16.4% | 29.1% | 7.4% | 26.5% | 18.4% | 2.9% | 23.2% | 11.7% |
| EBITDA margin | - | 33.4% | 34.3% | 36.2% | 24.7% | 32.6% | 27.3% | 18.2% | 28.7% | 18.7% |
| Net margin | - | 12.5% | 5.0% | 19.9% | -3.0% | 18.1% | 11.2% | -5.2% | 16.0% | 11.2% |
| Free cash flow margin | - | -16.0% | - | - | - | - | -20.7% | - | - | -40.0% |
| FCF / Net income | - | -1.28 | - | - | - | - | -1.84 | - | - | -3.58 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 15.7% | 19.8% | 12.6% | 20.1% | - | 19.5% | 19.8% | - | 18.6% | 19.2% |
| Return on assets | 1.9% | 0.8% | 0.2% | 1.8% | -0.1% | 1.9% | 0.8% | -0.2% | 1.8% | 0.9% |
| Return on equity | 8.3% | 2.8% | 0.6% | 6.0% | -0.4% | 6.0% | 2.8% | -0.7% | 6.0% | 3.2% |
| Return on invested capital | 2.8% | 1.8% | 0.9% | 3.6% | 0.3% | 3.5% | 1.8% | 0.1% | 3.2% | 1.3% |
| Liquidity | ||||||||||
| Current ratio | 0.55 | 0.61 | 0.32 | 0.43 | 0.45 | 0.61 | 0.55 | 0.61 | 0.79 | 0.68 |
| Quick ratio | 0.55 | 0.61 | 0.32 | 0.43 | 0.45 | 0.61 | 0.55 | 0.61 | 0.79 | 0.68 |
| Cash ratio | 0.02 | 0.00 | 0.00 | 0.01 | 0.00 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Leverage | ||||||||||
| Debt / Equity | 1.69 | 1.30 | 0.99 | 0.95 | 1.15 | 1.01 | 1.06 | 1.22 | 1.24 | 1.10 |
| Debt / Assets | 0.39 | 0.37 | 0.29 | 0.30 | 0.34 | 0.32 | 0.31 | 0.34 | 0.37 | 0.31 |
| Debt / EBITDA | 14.85 | 17.46 | 23.25 | 8.81 | 36.28 | 9.31 | 15.75 | 46.58 | 11.47 | 20.74 |
| Interest coverage | 4.8x | 2.9x | 1.4x | 6.5x | 0.6x | 5.7x | 2.8x | 0.3x | 5.5x | 2.2x |
| Equity multiplier | 4.29 | 3.46 | 3.42 | 3.23 | 3.36 | 3.16 | 3.48 | 3.54 | 3.36 | 3.61 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | - | 0.06 | 0.04 | 0.09 | 0.04 | 0.11 | 0.07 | 0.04 | 0.11 | 0.08 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | 381d | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 19.7x | 53.7x | 281.1x | 22.3x | - | 17.1x | 41.0x | - | 21.1x | 68.2x |
| P / B | 1.6x | 1.4x | 1.4x | 1.3x | 1.2x | 1.0x | 1.1x | 1.0x | 1.2x | 1.2x |
| P / S | - | 6.4x | 11.4x | 4.4x | 9.4x | 3.0x | 4.4x | 7.1x | 3.3x | 4.4x |
| EV / EBITDA | 28.5x | 36.6x | 56.5x | 20.8x | 74.3x | 18.6x | 31.9x | 85.4x | 22.9x | 44.1x |
| Growth | ||||||||||
| Revenue growth (YoY) | - | 0.7% | 1.9% | -6.8% | -1.1% | 0.5% | -7.1% | -6.6% | 27.5% | 58.8% |
| Revenue CAGR (3y) | - | 14.1% | -2.0% | 6.1% | 8.8% | 16.4% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | 26.2% | 7.7% |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | -0.9% | 24.6% | 125.4% | 2.6% | 155.8% | 14.7% | 46.1% | -68.3% | 6.2% | 0.0% |
| Net income growth (YoY) | 34.8% | 11.6% | - | 2.4% | 41.7% | 14.0% | -6.5% | -1442.9% | 3.2% | 63.4% |
| EPS growth (YoY) | 31.1% | 1.3% | - | -2.0% | 41.7% | 7.5% | 50.5% | -380.0% | 1.8% | 0.0% |
| EPS CAGR (3y) | 11.4% | 15.1% | - | 2.4% | - | 0.3% | -2.7% | - | 9.4% | -6.6% |
| EPS CAGR (5y) | 5.3% | 4.4% | - | 6.7% | - | 3.3% | 2.9% | - | 45.0% | -15.8% |
| FCF growth (YoY) | - | 22.2% | - | - | - | - | 51.9% | - | - | 13.3% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -2.6% | 12.5% | 4.8% | 3.5% | 10.8% | 13.5% | 6.5% | 3.5% | 5.1% | 7.3% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-09-30.
Business segments
$2.48B totalGas Utility$2.21B · 89.1%
Gas Marketing$157.20M · 6.3%
Midstream$109.20M · 4.4%
All Other Segments$2.50M · 0.1%
Peer comparison
Same SIC group: Natural Gas Distribution
Comparing SPIRE INC against the 5 most active filers in the same SIC group.
Dividends
$3.22/share trailing 12 months · +4.5% YoY
| Ex-date | Per share |
|---|---|
| Mar 11, 2026 | $0.8250 |
| Dec 11, 2025 | $0.8250 |
| Sep 11, 2025 | $0.7850 |
| Jun 11, 2025 | $0.7850 |
| Mar 11, 2025 | $0.7850 |
| Dec 11, 2024 | $0.7850 |
| Sep 11, 2024 | $0.7550 |
| Jun 11, 2024 | $0.7550 |
| Mar 8, 2024 | $0.7550 |
| Dec 8, 2023 | $0.7550 |
| Sep 8, 2023 | $0.7200 |
| Jun 9, 2023 | $0.7200 |
| Mar 9, 2023 | $0.7200 |
| Dec 9, 2022 | $0.7200 |
| Sep 9, 2022 | $0.6850 |
| Jun 9, 2022 | $0.6850 |
| Mar 10, 2022 | $0.6850 |
| Dec 9, 2021 | $0.6850 |
| Sep 9, 2021 | $0.6500 |
| Jun 10, 2021 | $0.6500 |
| Mar 10, 2021 | $0.6500 |
| Dec 10, 2020 | $0.6500 |
| Sep 10, 2020 | $0.6230 |
| Jun 10, 2020 | $0.6230 |