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Spire SR Regulatory assets

Regulatory assets at other companies

Ameren logo
AmerenAEE
$337M+1.5%
OGS
ONE GASOGS
$83.37M+48.8%
BKH
Black HillsBKH
$121M-8.4%
MDU Resources Group logo
MDU Resources GroupMDU
$190.68M+33.0%
PG&E logo
PG&EPCG
$196M-35.1%
CNP
CenterPoint EnergyCNP
$255M+52.7%

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$4.85B+7.6%
Enterprise value$11.85B+31.7%
P/E-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:RegulatoryAssetsCurrent.

The source filing: Spire’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 11:59 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-334335

FAQ

What is Spire's regulatory assets?
Spire (SR) reported regulatory assets of $78.6M in Q2 2026.
How has Spire's regulatory assets changed year-over-year?
Spire's regulatory assets increased by 124.6% year-over-year, from $35M to $78.6M.
What is the long-term trend for Spire's regulatory assets?
Over 4 years (2021 to 2025), Spire's regulatory assets has grown at a -28.9% compound annual growth rate (CAGR), from $306.5M to $78.3M.
What does regulatory assets mean?
These are costs incurred by the utility that are deferred for future recovery from ratepayers, as authorized by regulatory commissions. They represent a unique asset class in the utility industry, reflecting the regulatory compact where prudently incurred costs are eventually passed through to customers. Changes in this balance often indicate shifts in regulatory policy or the timing of cost recovery mechanisms.

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