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Spire SR Gas Utility — Derivative Assets

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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:DerivativeAssets.

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
As of June 30, 2026Quoted Pricesin Active Markets(Level 1)Significant Observable Inputs(Level 2)Effects of Netting and Cash Margin Receivables/PayablesTotal
ASSETS
Gas Utility:
U.S. stock/bond mutual funds$29.0$29.0
NYMEX/ICE natural gas contracts2.3(2.3)
Other:
U.S. stock/bond mutual funds19.319.3
U.S. bonds25.125.1
Global bonds1.01.0

Item 1. Financial Statements

FAQ

What is Spire's gas utility — derivative assets?
Spire (SR) reported gas utility — derivative assets of $29M in Q2 2026.
How has Spire's gas utility — derivative assets changed year-over-year?
Spire's gas utility — derivative assets increased by 10.3% year-over-year, from $26.3M to $29M.
What is the long-term trend for Spire's gas utility — derivative assets?
Over 4 years (2021 to 2025), Spire's gas utility — derivative assets has grown at a 2.1% compound annual growth rate (CAGR), from $95M to $103.1M.
What does gas utility — derivative assets mean?
This metric represents the total fair value of all derivative financial instruments held by the gas utility segment that are in an asset position. It reflects the potential economic benefit from hedging contracts used to manage commodity price volatility. Investors monitor this to gauge the company's success in mitigating exposure to natural gas price fluctuations.

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