Spire Inc (SR) financial statements: income statement, balance sheet and cash flow

Spire Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Spire Inc reported revenue of $2.5B (-4.5% year on year) and net income of $271.7M (+8.3% year on year).

Income statement

Spire Inc income statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Operating Revenues	$2.5B	$2.6B	$2.7B	$2.2B
Natural gas	$905.5M	$1.1B	$1.3B	$923.9M
Operation and maintenance	$542.1M	$507.4M	$517.6M	$449.6M
Depreciation and amortization	$298.2M	$278.4M	$254.8M	$237.3M
Taxes, other than income taxes	$206.7M	$215.6M	$214.5M	$179.5M
Total Operating Expenses	$2.0B	$2.1B	$2.2B	$1.8B
Operating Income	$523.9M	$488.3M	$418.6M	$408.2M
Interest Expense	$204.1M	$201.1M	$185.7M	$119.8M
Other Income, Net	$11.6M	$22.4M	$23.4M	($8.7M)
Income Before Income Taxes	$331.4M	$309.6M	$256.3M	$279.7M
Income Tax Expense	$59.7M	$58.7M	$38.8M	$58.9M
Net Income	$271.7M	$250.9M	$217.5M	$220.8M
Provision for preferred dividends	$14.8M	$14.8M	$14.8M	$14.8M
Income allocated to participating securities	$300.0K	$300.0K	$300.0K	$300.0K
Net Income Available to Common Shareholders	$256.6M	$235.8M	$202.4M	$205.7M
Basic (in shares)	58.5	56.1M	52.5M	52.0M
Diluted (in shares)	58.7	56.3M	52.6M	52.1M
Basic Earnings Per Share of Common Stock (in dollars per share)	$4.39	$4.20	$3.86	$3.96
Diluted Earnings Per Share of Common Stock (in dollars per share)	$4.37	$4.19	$3.85	$3.95

Spire Inc income statement, quarters

Line item	Jun 30, 2026 · Q3	Mar 31, 2026 · Q2	Dec 31, 2025 · Q1	Jun 30, 2025 · Q3
Operating Revenues	$420.2M	$1.0B	$762.2M	$421.9M
Natural gas	$101.2M	$395.3M	$312.7M	$103.2M
Operation and maintenance	$148.3M	$153.6M	$139.9M	$130.6M
Depreciation and amortization	$95.2M	$84.5M	$81.4M	$75.7M
Taxes, other than income taxes	$52.1M	$83.1M	$54.7M	$43.2M
Total Operating Expenses	$396.8M	$716.5M	$588.7M	$352.7M
Operating Income	$23.4M	$303.5M	$173.5M	$69.2M
Interest Expense, Net	$85.6M	$62.6M	$60.4M	$49.9M
Other Income (Expense), Net	$5.8M	$4.4M	$5.3M	$4.6M
Impairment	($1.5M)	—	—	—
Gain on Sale of Subsidiary	$0	$28.9M	—	—
(Loss) Income From Continuing Operations Before Income Taxes	($57.9M)	$270.3M	$118.4M	$23.9M
Income Tax (Benefit) Expense	($15.3M)	$52.7M	$23.4M	$3.0M
Net (Loss) Income From Continuing Operations	($42.6M)	$217.6M	—	—
Net Income From Discontinued Operations, Net of Tax	$253.8M	$64.6M	—	—
Net Income	$211.2M	$282.2M	$95.0M	$20.9M
Provision for preferred dividends	$0	$1.5M	$3.7M	$3.7M
Income allocated to participating securities	$300.0K	$400.0K	$100.0K	$0
Preferred Share Redemption Cost	$0	$8.0M	—	—
Income Available to Common Shareholders	$210.9M	$272.3M	$91.2M	$17.2M
Basic (in shares)	59.0M	59.0M	59.0M	58.9M
Diluted (in shares)	59.1M	59.2M	59.2M	59.1M
Basic (Loss) Earnings Per Common Share - Continuing Operations Available to Common Shareholders (in dollars per share)	-$0.72	$3.52	—	—
Diluted (Loss) Earnings Per Common Share - Continuing Operations Available to Common Shareholders (in dollars per share)	-$0.72	$3.51	—	—
Basic Earnings Per Common Share - Discontinued Operations (in dollars per share)	$4.29	$1.09	—	—
Diluted Earnings Per Common Share - Discontinued Operations (in dollars per share)	$4.29	$1.09	—	—
Basic Earnings Per Common Share (in dollars per share)	$3.57	$4.61	$1.55	$0.29
Diluted Earnings Per Common Share (in dollars per share)	$3.57	$4.60	$1.54	$0.29

Balance sheet

Spire Inc balance sheet, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Utility Plant	$9.3B	$8.8B	$8.2B	$7.7B
Less: Accumulated depreciation and amortization	$2.6B	$2.5B	$2.4B	$2.3B
Net Utility Plant	$6.8B	$6.2B	$5.8B	$5.4B
Non-utility Property (net of accumulated depreciation and amortization of $129.4 and $96.8 at September 30, 2025 and 2024, respectively)	$1.0B	$955.3M	$628.5M	$491.4M
Other Investments	$128.0M	$115.3M	$102.6M	$87.8M
Total Other Property and Investments	$1.1B	$1.1B	$731.1M	$579.2M
Cash and cash equivalents	$5.7M	$4.5M	$5.6M	$6.5M
Utility	$191.9M	$196.3M	$192.4M	$210.8M
Other	$152.7M	$112.5M	$128.6M	$443.8M
Allowance for credit losses	($28.8M)	($31.4M)	($32.5M)	($31.9M)
Delayed customer billings	$13.6M	$12.0M	$22.0M	$21.3M
Natural gas	$226.9M	$208.6M	$223.7M	$371.8M
Propane gas	$8.6M	$8.6M	$8.6M	$8.6M
Materials and supplies	$47.0M	$46.7M	$47.2M	$41.9M
Regulatory Assets, Current	$78.3M	$115.4M	$348.3M	$355.4M
Prepayments	$47.8M	$47.6M	$48.2M	$41.1M
Other	$64.0M	$50.5M	$84.8M	$122.7M
Total Current Assets	$807.7M	$771.3M	$1.1B	$1.6B
Goodwill	$1.2B	$1.2B	$1.2B	$1.2B
Regulatory assets	$1.3B	$1.3B	$1.2B	$1.1B
Other	$380.8M	$352.1M	$305.9M	$258.1M
Total Deferred Charges and Other Assets	$2.9B	$2.8B	$2.7B	$2.5B
Total Assets	$11.6B	$10.9B	$10.3B	$10.1B
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at September 30, 2025 and 2024)	$242000000.00	$242000000.00	$242000000.00	$242000000.00
Common stock	$59.0M	$57.7M	$53.2M	$52.5M
Paid-in capital	$2.0B	$1.9B	$1.6B	$1.6B
Retained earnings	$1.1B	$1.0B	$958.0M	$905.5M
Accumulated other comprehensive income	$19.4M	$12.1M	$47.6M	$47.2M
Common stock and paid-in capital (par value $0.01 per share; 3,000,000 shares authorized; 1,972,052 issued and outstanding at September 30, 2025 and 2024)	$242900000.00	$279400000.00	$285900000.00	$316900000.00
Total Shareholders' Equity	$3.4B	$3.2B	$2.9B	$2.8B
Temporary equity	$6.1M	$8.6M	$16.5M	$13.1M
Long-term debt (less current portion)	$3.4B	$3.7B	$3.6B	$3.0B
Total Capitalization	$6.8B	$6.9B	$6.5B	$5.8B
Current portion of long-term debt	$487.5M	$42.0M	$156.6M	$281.2M
Notes payable	$1.3B	$947.0M	$955.5M	$1.0B
Accounts payable	$248.3M	$237.2M	$253.1M	$617.4M
Advance customer billings	$58.1M	$48.4M	$20.9M	$18.7M
Wages and compensation accrued	$54.1M	$51.5M	$47.0M	$50.2M
Customer deposits	$32.8M	$29.9M	$27.7M	$28.2M
Taxes accrued	$109.1M	$105.2M	$104.1M	$90.1M
Regulatory liabilities	$39.4M	$49.5M	$7.3M	$3.7M
Other	$202.3M	$193.2M	$183.2M	$226.6M
Total Current Liabilities	$2.5B	$1.7B	$1.8B	$2.4B
Deferred income taxes	$887.4M	$808.4M	$743.7M	$675.1M
Pension and postretirement benefit costs	$74.7M	$146.7M	$137.3M	$163.0M

Spire Inc balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Jun 30, 2025
Utility Plant	$12.0B	$11.8B	$9.5B	$9.2B
Less: Accumulated depreciation and amortization	$3.1B	$3.1B	$2.6B	$2.6B
Net Utility Plant	$8.9B	$8.8B	$6.9B	$6.7B
Non-utility Property (net of accumulated depreciation and amortization of $124.7, $106.6 and $100.5 at June 30, 2026, September 30, 2025, and June 30, 2025, respectively)	$553.4M	$557.1M	$1.0B	$1.0B
Other Investments	$131.8M	$127.3M	$125.4M	$125.4M
Total Other Property and Investments	$685.2M	$684.4M	$1.1B	$1.1B
Cash and cash equivalents	$20.7M	$49.5M	$4.1M	$13.1M
Utility	$228.8M	$400.5M	$426.2M	$228.0M
Other	$47.1M	$48.9M	$198.8M	$163.8M
Allowance for credit losses	($30.4M)	($33.7M)	($28.7M)	($33.8M)
Delayed customer billings	$29.5M	$51.1M	$18.5M	$18.3M
Natural gas	$155.7M	$126.6M	$203.4M	$169.9M
Propane gas	$8.6M	$8.6M	$8.6M	$8.6M
Materials and supplies	$45.4M	$46.9M	$47.5M	$46.4M
Regulatory assets	$78.6M	$78.7M	$63.4M	$35.0M
Prepayments	$63.6M	$30.8M	$34.5M	$60.6M
Other	$60.9M	$55.2M	$62.2M	$70.2M
Assets held for sale	$81.4M	$725.3M	—	—
Total Current Assets	$789.9M	$1.6B	$1.0B	$780.1M
Goodwill	$1.9B	$1.9B	$1.2B	$1.2B
Regulatory assets	$1.4B	$1.4B	$1.3B	$1.3B
Other	$401.4M	$351.8M	$349.7M	$350.2M
Assets held for sale	$0	$0	—	—
Total Deferred Charges and Other Assets	$3.7B	$3.6B	$2.9B	$2.8B
Total Assets	$14.1B	$14.7B	$11.9B	$11.4B
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at September 30, 2025 and June 30, 2025)	$0.00	$0.00	$242000000.00	$242000000.00
Common stock (par value $1.00 per share; 70.0 million shares authorized; 59.1 million, 59.0 million, and 59.0 million shares issued and outstanding at June 30, 2026, September 30, 2025, and June 30, 2025, respectively)	$59100000.00	$59100000.00	$59100000.00	$59000000.00
Paid-in capital and common stock	$1.2B	$1.2B	$1.2B	$1.2B
Paid-in capital	$2.0B	$2.0B	$2.0B	$2.0B
Retained earnings	$1.5B	$1.4B	$1.1B	$1.2B
Accumulated other comprehensive income (loss)	$23.1M	$24.5M	$22.1M	$20.5M
Total Shareholders' Equity	$3.6B	$3.4B	$3.4B	$3.5B
Temporary equity	$4.4M	$7.2M	$5.9M	$5.2M
Long-term debt (less current portion)	$5.8B	$5.8B	$4.4B	$3.5B
Total Capitalization	$9.3B	$9.2B	$7.9B	$7.0B
Current portion of long-term debt	$238.1M	$238.1M	$488.1M	$392.5M
Notes payable	$1.3B	$2.0B	$412.0M	$1.0B
Accounts payable	$194.4M	$185.2M	$309.5M	$240.2M
Advance customer billings	$17.0M	$10.7M	$48.9M	$29.4M
Wages and compensation accrued	$41.4M	$38.4M	$29.7M	$39.6M
Customer deposits	$38.8M	$38.4M	$34.1M	$32.6M
Taxes accrued	$100.9M	$84.4M	$63.5M	$91.9M
Regulatory liabilities	$11.3M	$12.6M	$34.4M	$48.6M
Other	$219.2M	$212.6M	$293.1M	$202.2M
Liabilities associated with assets held for sale	$7.9M	$134.7M	—	—

Cash flow statement

Spire Inc cash flow statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net Income	$271.7M	$250.9M	$217.5M	$220.8M
Depreciation and amortization	$298.2M	$278.4M	$254.8M	$237.3M
Deferred income taxes and investment tax credits	$57.3M	$57.0M	$36.9M	$57.9M
Accounts receivable	($38.4M)	$12.7M	$334.2M	($26.5M)
Inventories	($18.6M)	$15.8M	$142.8M	($117.2M)
Regulatory assets and liabilities	$26.5M	$341.4M	($68.7M)	($409.0M)
Accounts payable	$47.5M	($25.1M)	($389.2M)	$190.7M
Delayed/advance customer billings, net	$8.1M	$37.5M	$1.5M	($25.5M)
Taxes accrued	$6.0M	$1.1M	$15.0M	$11.2M
Other assets and liabilities	($93.4M)	($65.6M)	($117.6M)	($93.5M)
Other	$13.1M	$8.3M	$13.0M	$8.8M
Net cash provided by operating activities	$578.0M	$912.4M	$440.2M	$55.0M
Capital expenditures	($922.4M)	($861.3M)	($662.5M)	($552.2M)
Business acquisition, net of cash acquired	$0	($175.9M)	—	—
Other	$6.0M	$10.0M	$4.0M	$5.5M
Net cash used in investing activities	($916.4M)	($1.0B)	($695.5M)	($546.7M)
Issuance of long-term debt	$150.0M	$495.0M	$755.0M	$300.0M
Repayment of long-term debt	($42.0M)	($456.6M)	($281.2M)	($55.8M)
Issuance (repayment) of short-term debt, net	$370.0M	($8.5M)	($82.0M)	$365.5M
Borrowings (repayments to) from Spire, net	$152.7M	($121.0M)	($41.5M)	$416.3M
Issuance of common stock	$76.2M	$287.0M	$41.9M	$51.9M
Return of capital to Spire	($36.5M)	($6.5M)	($31.0M)	($12.0M)
Dividends paid on common stock	($182.2M)	($167.1M)	($150.7M)	($141.9M)
Dividends paid on preferred stock	($14.8M)	($14.8M)	($14.8M)	($14.8M)
Other	($12.5M)	($11.1M)	($7.6M)	($4.0M)
Net cash provided by (used in) financing activities	$344.7M	$123.9M	$260.6M	$500.9M
Net Increase (Decrease) in Cash and Cash Equivalents	$6.3M	$9.1M	$5.3M	$9.2M
Cash, Cash Equivalents, and Restricted Cash at Beginning of Year	$34.9M	$25.8M	$20.5M	$11.3M
Cash, Cash Equivalents, and Restricted Cash at End of Year	$41.2M	$34.9M	$25.8M	$20.5M
Interest, net of amounts capitalized	($207.1M)	($205.6M)	($177.5M)	($119.9M)
Income taxes	($2.9M)	($900.0K)	($2.0M)	($1.8M)

Spire Inc cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · YTD	Dec 31, 2025 · Q1	Jun 30, 2025 · YTD
Net Income	$588.4M	$377.2M	$95.0M	$311.5M
Depreciation and amortization	$264.2M	$169.1M	$81.4M	$221.7M
Deferred income taxes and investment tax credits	$156.0M	$96.6M	$21.9M	$73.5M
Gain on sale of discontinued operations	($329.4M)	—	—	—
Accounts receivable	$132.6M	($132.9M)	($280.5M)	($80.5M)
Inventories	$79.3M	$91.4M	$23.0M	$39.0M
Regulatory assets and liabilities	$8.9M	$39.5M	$17.9M	$95.5M
Accounts payable	($84.4M)	$6.8M	$92.0M	$48.2M
Delayed/advance customer billings, net	($56.6M)	($84.6M)	($14.1M)	($25.4M)
Taxes accrued	($11.8M)	($27.2M)	($45.3M)	($12.0M)
Other assets and liabilities	($1.0M)	($32.7M)	$86.7M	($94.8M)
Other	($132.6M)	($11.8M)	$3.0M	$6.2M
Net cash provided by operating activities	$613.6M	$491.4M	$81.0M	$582.9M
Capital expenditures	($608.4M)	($395.0M)	($202.8M)	($699.7M)
Business acquisitions, net of cash acquired	($2.5B)	($2.5B)	—	$0
Proceeds from sale of discontinued operations	$819.9M	—	—	—
Proceeds from sale of subsidiary	$30.0M	$30.0M	—	—
Other	($9.6M)	($500.0K)	$1.5M	$3.0M
Net cash used in investing activities	($2.3B)	($2.9B)	($201.3M)	($696.7M)
Issuance of long-term debt	$2.5B	$2.5B	$1.1B	$150.0M
Repayment of long-term debt	($357.5M)	($357.5M)	$7.5M	($7.0M)
Redemption of preferred shares	-242.0M	-242.0M	—	—
Preferred share redemption cost	($8.0M)	($8.0M)	—	—
Issuance of delayed draw term loan	$800.0M	$800.0M	—	—
Repayment of delayed draw term loan	($800.0M)	—	—	—
(Repayment) issuance of short-term debt, net	($53.5M)	($162.0M)	($905.0M)	$62.5M
Borrowings from (Repayments to) Spire, net	($84.8M)	($165.6M)	($66.1M)	($88.6M)
Return of capital to Spire	($6.6M)	($2.4M)	—	($36.5M)
Issuance of common stock	$0	$700.0K	$300.0K	$76.0M
Dividends paid	($29.9M)	($9.9M)	$5.0M	—
Dividends paid on common stock	($144.8M)	($96.1M)	($47.2M)	($135.8M)
Dividends paid on preferred stock	($7.4M)	($7.4M)	($3.7M)	($11.1M)
Other	($1.8M)	($5.5M)	($5.2M)	($7.6M)
Net cash provided by (used in) financing activities	$1.7B	$2.4B	$119.0M	$127.0M
Net Increase (Decrease) in Cash, Cash Equivalents, and Restricted Cash	$17.8M	$44.4M	($1.3M)	$13.2M
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period	$41.2M	$41.2M	$41.2M	$34.9M
Cash, Cash Equivalents, and Restricted Cash at End of Period	$59.0M	$85.6M	$39.9M	$48.1M
Interest, net of amounts capitalized	($178.7M)	($87.8M)	($34.3M)	($131.1M)
Income taxes	($3.0M)	($2.1M)	($1.3M)	($2.2M)

Spire Inc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.