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Spire SR Gas Utility — Derivative Nonmonetary Notional Amount Energy Measure

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Gas Marketing
$48M-14.3%

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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:DerivativeNonmonetaryNotionalAmountEnergyMeasure.

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

Filed
Nov 14, 2025
Fiscal year
FY2025
Accession
0001193125-25-282583
Gas MarketingSeptember 30, 2025 / Notional(MMBtumillions)September 30, 2025 / Maximum Term(Months)September 30, 2024 / Notional(MMBtumillions)September 30, 2024 / Maximum Term(Months)
Natural gas futures purchased48.04856.048
Natural gas options purchased, net9.9153.815
Natural gas basis swaps purchased24.73932.439
Gas Utility
Natural gas futures purchased32.312.034.612

Item 8. Financial Statements and Supplementary Data

FAQ

What is Spire's gas utility — derivative nonmonetary notional amount energy measure?
Spire (SR) reported gas utility — derivative nonmonetary notional amount energy measure of $8.08M in Q3 2025.
How has Spire's gas utility — derivative nonmonetary notional amount energy measure changed year-over-year?
Spire's gas utility — derivative nonmonetary notional amount energy measure decreased by 6.6% year-over-year, from $8.65M to $8.08M.
What is the long-term trend for Spire's gas utility — derivative nonmonetary notional amount energy measure?
Over 4 years (2021 to 2025), Spire's gas utility — derivative nonmonetary notional amount energy measure has grown at a -11.6% compound annual growth rate (CAGR), from $52.8M to $32.3M.
What does gas utility — derivative nonmonetary notional amount energy measure mean?
This measures the total physical volume of energy underlying the segment's derivative contracts, such as natural gas futures or options. It quantifies the scale of the company's hedging activities used to manage commodity price volatility.

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