What is Spire's gas utility — cost of goods sold?

Spire (SR) reported gas utility — cost of goods sold of $460.2M in Q1 2026.

How has Spire's gas utility — cost of goods sold changed year-over-year?

Spire's gas utility — cost of goods sold decreased by 5.3% year-over-year, from $485.9M to $460.2M.

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.

Spire SR Gas Utility — Cost of Goods Sold

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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%

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:CostOfGoodsAndServicesSold.

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 gas utility — cost of goods sold?: Spire (SR) reported gas utility — cost of goods sold of $460.2M in Q1 2026.
How has Spire's gas utility — cost of goods sold changed year-over-year?: Spire's gas utility — cost of goods sold decreased by 5.3% year-over-year, from $485.9M to $460.2M.
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.