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Spire SR Gas Utility — Cost of Goods Sold

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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:CostOfGoodsAndServicesSold.

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)Three Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
Operating revenues420.2352.52,138.91,946.9
Less:
Significant segment expenses:
Cost of gas sold, incl. gross receipts taxes131.4124.5904.7891.7
Operation and maintenance expense134.8114.1376.5351.9
Depreciation and amortization expense92.370.0248.7207.6
Interest expense44.633.2116.7102.1
Income tax (benefit) expense(3.4)(3.0)77.158.3

Item 1. Financial Statements

FAQ

What is Spire's gas utility — cost of goods sold?
Spire (SR) reported gas utility — cost of goods sold of $131.4M in Q2 2026.
How has Spire's gas utility — cost of goods sold changed year-over-year?
Spire's gas utility — cost of goods sold increased by 5.5% year-over-year, from $124.5M to $131.4M.
What is the long-term trend for Spire's gas utility — cost of goods sold?
Over 2 years (2023 to 2025), Spire's gas utility — cost of goods sold has grown at a -14.3% compound annual growth rate (CAGR), from $1.32B to $970.9M.
What does gas utility — cost of goods sold mean?
Represents the direct costs attributable to the production and procurement of natural gas sold to utility customers. This includes the commodity cost of gas and related transportation or storage fees necessary to deliver service to the end user.

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