What is Spire's capex?

Spire (SR) reported capex of $192.2M in Q1 2026.

How has Spire's capex changed year-over-year?

Spire's capex decreased by 12.1% year-over-year, from $218.6M to $192.2M.

What is the long-term trend for Spire's capex?

Over 4 years (2021 to 2025), Spire's capex has grown at a 10.2% compound annual growth rate (CAGR), from $624.8M to $922.4M.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Spire SR CapEx

CapEx at other companies

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$2.94B+20.8%

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$1.57B+47.9%

OGS

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$156.53M-6.0%

BKH

Black HillsBKH

$267.4M+74.9%

MDU Resources GroupMDU

$92.41M-0.7%

Xcel EnergyXEL

$3.02B+52.0%

Segments

By segment

See full

Gas Utility$187.9M+6.0%

Other financials

Income statement

See full

Revenue$1.0B-3.0%

Gross profit$419.6M+12.7%

Operating income$303.5M+9.2%

Net income$282.2M+34.8%

EPS (diluted)$4.60+31.1%

Balance sheet

See full

Cash & equivalents$49.5M+226%

Total debt$7.7B+76.9%

Total equity$3.4B-2.6%

Total assets$14.7B+29.3%

Cash flow

See full

Operating cash flow$410.4M+10.1%

Free cash flow$218.2M—

Valuation

See full

Market cap$4.55B+17.2%

Enterprise value$12.22B+46.0%

P/E7.5×-2.1×

P/S1.8×+0.2×

Profitability

See full

Operating margin22.6%+3.0pp

Net margin12.7%+3.2pp

FCF margin-8.8%—

Returns & leverage

See full

Return on equity10.6%+1.8pp

Debt / equity2.3×+1.0×

Current ratio0.5×+0.1×

Where this comes from

Reported directly by Spire in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

The official record: Spire’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Spire's capex?: Spire (SR) reported capex of $192.2M in Q1 2026.
How has Spire's capex changed year-over-year?: Spire's capex decreased by 12.1% year-over-year, from $218.6M to $192.2M.
What is the long-term trend for Spire's capex?: Over 4 years (2021 to 2025), Spire's capex has grown at a 10.2% compound annual growth rate (CAGR), from $624.8M to $922.4M.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.