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Spire SR Gas Utility — Derivative Fair Value Of Derivative Liability

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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:DerivativeFairValueOfDerivativeLiability.

The source filing: Spire’s 10-K, filed November 14, 2025.

Filed
Nov 14, 2025
Fiscal year
FY2025
Accession
0001193125-25-282583
September 30, 2025Derivative Assets* / Balance Sheet LocationDerivative Assets* / Fair ValueDerivative Liabilities* / Balance Sheet LocationDerivative Liabilities* / Fair Value
Subtotal10.0
Derivatives not designated as hedging instruments
Gas Utility:
Natural gas contractsCurrent Assets: Other2.9Current Liabilities: Other25.9
Gas Marketing:
NYMEX / ICE natural gas contractsCurrent Assets: Other11.3Current Liabilities: Other17.7
Deferred Charges and Other Assets: Other0.1Deferred Credits and Other Liabilities: Other1.3
Natural gas commodityCurrent Assets: Other42.8Current Liabilities: Other15.6

Item 8. Financial Statements and Supplementary Data

FAQ

What is Spire's gas utility — derivative fair value of derivative liability?
Spire (SR) reported gas utility — derivative fair value of derivative liability of $25.9M in Q3 2025.
How has Spire's gas utility — derivative fair value of derivative liability changed year-over-year?
Spire's gas utility — derivative fair value of derivative liability increased by 90.4% year-over-year, from $13.6M to $25.9M.
What does gas utility — derivative fair value of derivative liability mean?
This represents the current market value of derivative contracts that are in a loss position for the utility segment. It highlights the potential financial obligation the company would face if these hedging contracts were settled at the current market price.

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