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Spire SR Long-term material purchase obligations

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SpireSR
$24.4M-63.1%

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:LongTermPurchaseCommitmentAmount.

The source filing: Spire’s 10-Q, filed May 6, 2026.

Filed
May 6, 2026, 1:32 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q1 2026
Accession
0001193125-26-208452

The Company and the Utilities have entered into contracts with various counterparties, expiring on dates through calendar 2039, for the storage, transportation, and supply of natural gas. Minimum payments required under the contracts in place at March 31, 2026, are estimated at $1,762.9, $1,295.0, and $553.1 for the Company (excluding commitments between subsidiaries), Spire Missouri, and Spire Alabama, respectively. Additional contracts are generally entered into prior to or during the heating season of November through April. The Utilities recover their costs from customers in accordance with their PGA clauses or GSA riders.

Item 1. Financial Statements

FAQ

What is Spire's long-term material purchase obligations?
Spire (SR) reported long-term material purchase obligations of $24.4M in Q1 2026.
How has Spire's long-term material purchase obligations changed year-over-year?
Spire's long-term material purchase obligations decreased by 63.1% year-over-year, from $66.2M to $24.4M.
What does long-term material purchase obligations mean?
Long-term material purchase obligations

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