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Spire SR Operating and maintenance

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Other financials

Income statement

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Revenue$420.2M-0.4%
Gross profit$419.6M+12.7%
Operating income$23.4M+5.9%
Net income$211.2M+911%
EPS (diluted)$3.57+1,131%

Balance sheet

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Cash & equivalents$20.7M+58.0%
Total debt$7.0B+55.8%
Total equity$3.6B+3.0%
Total assets$14.1B+23.6%

Cash flow

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Operating cash flow$122.2M-5.3%
CapEx$213.4M-3.2%
Free cash flow$218.2M

Valuation

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Market cap$4.78B+8.2%
Enterprise value$11.78B+32.2%
P/E7.8×-2.2×
P/S1.9×+0.1×

Profitability

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Operating margin23.2%+4.0pp
Net margin12.7%+3.2pp
FCF margin-8.8%

Returns & leverage

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Return on equity10.6%+1.8pp
Debt / equity+0.7×
Current ratio0.4×0.0×

Where this comes from

Reported directly by Spire in its filing.

Tagged under the XBRL concept us-gaap:UtilitiesOperatingExpenseMaintenanceOperationsAndOtherCostsAndExpenses.

The source filing: Spire’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 11:59 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-334335
(In millions, except per share amounts)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
Operating Revenues$420.2$352.5$2,138.9$1,946.9
Operating Expenses:
Natural gas101.295.5770.3763.5
Operation and maintenance148.3119.6432.5365.3
Depreciation and amortization95.272.8257.4216.1
Taxes, other than income taxes52.142.5189.9167.1
Total Operating Expenses396.8330.41,650.11,512.0
Operating Income23.422.1488.8434.9

Item 1. Financial Statements

FAQ

What is Spire's operating and maintenance?
Spire (SR) reported operating and maintenance of $148.3M in Q2 2026.
How has Spire's operating and maintenance changed year-over-year?
Spire's operating and maintenance increased by 24.0% year-over-year, from $119.6M to $148.3M.
What is the long-term trend for Spire's operating and maintenance?
Over 3 years (2021 to 2025), Spire's operating and maintenance has grown at a 5.9% compound annual growth rate (CAGR), from $465.8M to $553.2M.
What does operating and maintenance mean?
This metric captures the recurring operational and maintenance expenditures required to support the safe and reliable delivery of utility services. It includes labor, materials, and administrative costs necessary to maintain infrastructure assets and ensure regulatory compliance. High or rising levels may indicate aging infrastructure or increased service requirements, while stable levels suggest effective operational management.

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