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Spire SR Gas Utility — Regulated Operating Revenue Gas

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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:RegulatedOperatingRevenueGas.

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
Line itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025Nine Months Ended June 30, 2026Nine Months Ended June 30, 2025
Other customer revenue7.55.615.819.3
Total revenue from contracts with customers401.1345.02,078.51,914.4
Changes in accrued revenue under alternative revenue programs15.02.545.816.8
Total Gas Utility operating revenues416.1347.52,124.31,931.2
Other23.424.363.463.7
Total before eliminations439.5371.82,187.71,994.9
Eliminations(19.3)(19.3)(48.8)(48.0)
Total Operating Revenues$420.2$352.5$2,138.9$1,946.9

Item 1. Financial Statements

FAQ

What is Spire's gas utility — regulated operating revenue gas?
Spire (SR) reported gas utility — regulated operating revenue gas of $416.1M in Q2 2026.
How has Spire's gas utility — regulated operating revenue gas changed year-over-year?
Spire's gas utility — regulated operating revenue gas increased by 19.7% year-over-year, from $347.5M to $416.1M.
What is the long-term trend for Spire's gas utility — regulated operating revenue gas?
Over 4 years (2021 to 2025), Spire's gas utility — regulated operating revenue gas has grown at a 1.0% compound annual growth rate (CAGR), from $2.12B to $2.21B.
What does gas utility — regulated operating revenue gas mean?
This metric captures the operating revenue derived specifically from the regulated distribution and sale of natural gas. It serves as the primary indicator of the core business performance for the utility segment under regulatory oversight. Investors use this to evaluate the stability and predictability of cash flows generated from the company's core utility assets.

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