What is Spire's customer refunds and credits?

Spire (SR) reported customer refunds and credits of $38.4M in Q1 2026.

How has Spire's customer refunds and credits changed year-over-year?

Spire's customer refunds and credits increased by 19.3% year-over-year, from $32.2M to $38.4M.

What is the long-term trend for Spire's customer refunds and credits?

Over 5 years (2020 to 2025), Spire's customer refunds and credits has grown at a 1.4% compound annual growth rate (CAGR), from $30.6M to $32.8M.

Spire SR Customer refunds and credits

Customer refunds and credits at other companies

WEC Energy GroupWEC

$10.9M+2,082%

Southern CompanySO

$5M+105%

CMS

CMS EnergyCMS

$0-100%

WEC Energy GroupWEC

$10.9M+2,082%

National Fuel GasNFG

$303.2M+0.3%

Service Corporation InternationalSCI

$34.25M-3.1%

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%

CapEx$192.2M-12.1%

Free cash flow$218.2M—

Valuation

See full

Market cap$4.55B+17.2%

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:ContractWithCustomerRefundLiabilityCurrent.

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 customer refunds and credits?: Spire (SR) reported customer refunds and credits of $38.4M in Q1 2026.
How has Spire's customer refunds and credits changed year-over-year?: Spire's customer refunds and credits increased by 19.3% year-over-year, from $32.2M to $38.4M.
What is the long-term trend for Spire's customer refunds and credits?: Over 5 years (2020 to 2025), Spire's customer refunds and credits has grown at a 1.4% compound annual growth rate (CAGR), from $30.6M to $32.8M.