SR - NYSE

Spire Inc.

SR·NYSE

$81.10

-1.8%

UtilitiesRegulated Gas

Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc. and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$4.79B

EPS4.3900

P/E Ratio18.47

Earnings Date08/04/2026

11.58B

Assets

3Y+15.0%

5Y+40.0%

10Y+90.0%

8.18B

Total Liabilities

3Y+13.0%

5Y+43.0%

10Y+90.0%

3.40B

Total Equity

3Y+20.0%

5Y+34.0%

10Y+92.0%

Spire Inc. Funding & Solvency Profile

SR · NYSE

Current Assets

Cash & Cash Equivalents5.70M

Net Receivables329.40M

Inventory282.50M

Other Current Assets142.30M

Total Current Assets808 M

Non-Current Assets

Property, Plant & Equipment7.82B

Goodwill & Intangible Assets1.17B

Long-Term Investments130.10M

Other Non-Current Assets1.64B

Total Non-Current Assets10 B

Total Assets

11.58B

Financial Health Analysis

Current Ratio

0.32x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

2.41x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-1740900000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

7% Current

Capital-intensive business with significant long-term investments in property, equipment, or intangibles.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Spire Inc. Balance Sheet

SR • NYSE

Spire Inc. Balance Sheet	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Sep 2016	Sep 2015	Sep 2014	Sep 2013	Sep 2012	Sep 2011	Sep 2010	Sep 2009	Sep 2008	Sep 2007	Sep 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	5.7M	4.5M	5.6M	6.5M	4.3M	4.1M	5.8M	4.4M	7.4M	5.2M	13.8M	16.1M	53M	27.5M	43.3M	86.9M	74.6M	14.9M	52.7M	50.8M
Short-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	17.2M	0.0	0.0	0.0
Cash & Short-Term Investments	5.7M	4.5M	5.6M	6.5M	4.3M	4.1M	5.8M	4.4M	7.4M	5.2M	13.8M	16.1M	53M	27.5M	43.3M	86.9M	91.8M	14.9M	52.7M	50.8M
Net Receivables	329.4M	289.4M	310.5M	644M	605.5M	263.3M	293.9M	303.7M	276.7M	232M	230.5M	234.9M	190.1M	156.2M	155.2M	150.6M	148.3M	199M	177.7M	163.1M
Accounts Receivables	176.7M	176.9M	181.9M	200.2M	317.3M	116.9M	121.1M	138.2M	127.5M	118.6M	143.8M	150.4M	190.1M	156.2M	142.6M	127.6M	120M	98.7M	102.2M	163.1M
Other Receivables	152.7M	112.5M	128.6M	443.8M	288.2M	146.4M	172.8M	167.3M	149.2M	113.4M	86.7M	84.5M	0.0	0.0	12.6M	23M	28.3M	100.3M	75.4M	0.0
Inventory	282.5M	263.9M	279.5M	422.3M	305M	191.5M	196.6M	210.3M	225.8M	202.3M	215.4M	270.2M	199.2M	106.5M	128.4M	133.1M	117.3M	231.5M	163.2M	162.8M
Prepaids	47.8M	47.6M	48.2M	41.1M	29M	29.2M	29.1M	31M	28M	24.8M	25.3M	21.6M	12.9M	9.3M	8.8M	9.7M	9.7M	9.7M	29.9M	19.6M
Other Current Assets	142.3M	165.9M	433.1M	478.1M	372.7M	102.5M	89.1M	110.2M	187.6M	105.3M	45.1M	83.2M	20.8M	43.5M	25.7M	23.7M	18.9M	33.4M	12.8M	44.4M
Total Current Assets	807.7M	771.3M	1.1B	1.6B	1.3B	590.6M	614.5M	659.6M	725.5M	569.6M	530.1M	604.9M	475.9M	343M	369.1M	414.2M	368.8M	561.9M	467.3M	459.8M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	7.8B	7.3B	6.5B	5.9B	5.6B	5.2B	4.4B	4.1B	3.7B	3.3B	2.9B	2.8B	1.8B	1B	933.3M	884.1M	860M	827M	805.1M	777.2M
Goodwill	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	946M	937.8M	247.1M	0.0	0.0	0.0	0.0	0.0	33.6M	33.6M
Goodwill & Intangible Assets	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	1.2B	946M	937.8M	247.1M	0.0	-8.4B	-155M	-256.2M	0.0	33.6M	33.6M
Long-Term Investments	130.1M	115.3M	108.1M	90.9M	83.1M	71.7M	550.1M	68.7M	64.2M	62.1M	59.9M	60M	58.3M	50.8M	50.8M	50.2M	45M	0.0	0.0	0.0
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	767.6M	669.8M	791.1M	838M	737.6M	637.4M	545.9M	0.0	8.4B	155M	256.2M	11.7M	0.0	0.0
Other Non-Current Assets	1.6B	1.5B	1.5B	1.3B	1.2B	1.2B	163.4M	128.9M	77.1M	141.9M	75.4M	65M	13.9M	461.1M	429.9M	491.7M	488.3M	372.1M	335.2M	299.5M
Total Non-Current Assets	10.8B	10.1B	9.2B	8.5B	8B	7.7B	7B	6.2B	5.8B	5.5B	4.8B	4.5B	2.6B	1.5B	1.4B	1.4B	1.4B	1.2B	1.2B	1.1B
Total Assets	11.6B	10.9B	10.3B	10.1B	9.4B	8.2B	7.6B	6.8B	6.5B	6.1B	5.3B	5.1B	3.1B	1.9B	1.8B	1.8B	1.8B	1.8B	1.6B	1.6B
LIABILITIES
CURRENT LIABILITIES
Total Payables	357.4M	342.4M	357.2M	707.5M	488.7M	314.7M	370M	355.5M	318.1M	266.1M	146.5M	186.6M	141.2M	96.2M	116.9M	106.3M	97.4M	182.6M	129.7M	125.3M
Accounts Payable	248.3M	237.2M	253.1M	617.4M	409.9M	243.3M	301.5M	290.1M	257.1M	210.9M	146.5M	176.7M	140.2M	89.5M	96.6M	95.6M	72.8M	159.6M	106.8M	103.3M
Other Payables	109.1M	105.2M	104.1M	90.1M	78.8M	71.4M	68.5M	65.4M	61M	55.2M	0.0	9.9M	1M	6.7M	20.3M	10.7M	24.6M	23.1M	22.8M	22.1M
Accrued Expenses	54.1M	51.5M	47M	50.2M	59.5M	46.3M	45.7M	39.7M	38.7M	39.8M	32.7M	36M	20.8M	13.9M	13.7M	13.4M	9.9M	12.2M	107.3M	112.5M
Short Term Debt	1.8B	989M	1.1B	1.3B	734.3M	714.9M	783.2M	729.1M	577.3M	648.7M	418M	287.1M	74M	65.1M	46M	154.7M	129.8M	216.1M	251.6M	207.5M
Capital Lease Obligations (Current)	0.0	6.6M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	0.0	105.2M	104.1M	90.1M	78.8M	71.4M	68.5M	65.4M	61M	55.2M	51.7M	63.4M	32.9M	11.3M	11.9M	10.5M	16M	0.0	0.0	0.0
Deferred Revenue	58.1M	78.3M	20.9M	18.7M	32.1M	45.3M	68.2M	58.2M	32M	70.2M	76.4M	66.2M	38.8M	33.7M	25.3M	16.8M	21.1M	25.5M	0.0	0.0
Other Current Liabilities	268.4M	236.1M	211.4M	252M	293.7M	328M	237.3M	174.7M	131.8M	206.7M	212.3M	273.1M	117.1M	76.9M	55.4M	59.6M	40.9M	68.3M	-14.9M	-14.4M
Total Current Liabilities	2.5B	1.7B	1.8B	2.4B	1.6B	1.4B	1.5B	1.3B	1.1B	1.2B	853.8M	782.8M	353.2M	252.1M	231.9M	333.9M	299.1M	479.2M	473.7M	430.9M
NON-CURRENT LIABILITIES
Long Term Debt	3.4B	3.7B	3.6B	3B	2.9B	2.4B	2.1B	1.9B	2B	1.8B	1.8B	1.9B	912.7M	339.4M	364.4M	364.3M	389.2M	389.2M	355.5M	395.4M
Deferred Revenue (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	1B	863.8M	691.2M	640.8M	531.9M	472.9M	388.7M	296.4M	264M	280.8M	246.9M	0.0	0.0	0.0
Deferred Tax Liabilities (Non-Current)	887.4M	808.4M	743.7M	675.1M	612.3M	511.4M	451.4M	435.8M	707.5M	607.3M	482.1M	383.8M	379.1M	355.5M	318.7M	295.9M	260M	226.7M	229.3M	236.6M
Other Non-Current Liabilities	1.3B	1.3B	1.3B	1.2B	1.5B	1.3B	1.1B	-1.3B	755M	693.9M	609.2M	548M	813.2M	331.6M	30.7M	29.7M	53.5M	-615.9M	-584.8M	-632M
Total Non-Current Liabilities	5.6B	5.9B	5.6B	4.9B	5.1B	4.3B	3.6B	1B	3.5B	3.1B	2.9B	2.8B	1.7B	1B	977.8M	970.7M	945.8M	806.5M	738.5M	735.8M
Other Liabilities	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	5K	36K	54K
Capital Lease Obligations	59.1M	69.3M	70.2M	73.7M	53.7M	58.4M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	8.2B	7.6B	7.4B	7.3B	6.7B	5.7B	5.1B	2.3B	4.6B	4.3B	3.7B	3.6B	2.1B	1.3B	1.2B	1.3B	1.2B	1.3B	1.2B	1.2B
SHAREHOLDERS' EQUITY
Preferred Stock	242M	242M	242M	242M	242M	242M	242M	0.0	0.0	0.0	0.0	0.0	70.3B	116K	100K	137K	166K	467K	627K	787K
Common Stock	59M	57.7M	53.2M	52.5M	51.7M	51.6M	1.6B	1.5B	1.4B	1.2B	43.3M	43.2M	32.7M	22.5M	22.4M	22.3M	22.2M	22M	21.6M	21.4M
Additional Paid-In Capital	2B	1.9B	1.6B	1.6B	1.5B	1.5B	1.5B	1.5B	1.3B	1.2B	1B	1B	594.3M	168.6M	163.7M	158.7M	154.2M	147.2M	136.1M	127.1M
Retained Earnings	1.1B	1B	958M	905.5M	843M	720.7M	775.5M	715.6M	615.1M	550.9M	494.2M	437.5M	420.1M	414.6M	389.3M	361.7M	342.8M	312.8M	268.8M	250.5M
Accumulated Other Comprehensive Income/Loss	19.4M	12.1M	47.6M	47.2M	3.6M	-41.2M	-31.3M	6.4M	3.2M	-4.2M	-2M	-1.7M	-787K	-4.1M	-2.1M	-7.1M	-2.2M	4.4M	1.9M	3.7M
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	21K	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	3.4B	3.2B	2.9B	2.8B	2.7B	2.5B	2.5B	2.3B	2B	1.8B	1.6B	1.5B	1B	601.6M	573.3M	535.6M	517M	486.9M	429M	403.4M
Total Equity	3.4B	3.2B	2.9B	2.8B	2.7B	2.5B	2.5B	2.3B	2B	1.8B	1.6B	1.5B	1B	601.6M	573.3M	535.6M	517M	486.9M	429M	403.4M
Minority Interest	6.1M	8.6M	16.5M	13.1M	9.8M	3.4M	3.4M	7.9M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
SUMMARY
Total Liabilities & Equity	11.6B	10.9B	10.3B	10.1B	9.4B	8.2B	7.6B	6.8B	6.5B	6.1B	5.3B	5.1B	3.1B	1.9B	1.8B	1.8B	1.8B	1.8B	1.6B	1.6B
Total Investments	130.1M	115.3M	108.1M	90.9M	83.1M	71.7M	550.1M	68.7M	64.2M	62.1M	59.9M	60M	58.3M	50.8M	50.8M	50.2M	62.2M	0.0	0.0	0.0
Total Debt	5.2B	4.8B	4.7B	4.4B	3.7B	3.2B	2.9B	2.6B	2.6B	2.5B	2.2B	2.1B	986.7M	404.5M	410.4M	518.9M	519M	605.2M	607.1M	602.9M
Net Debt	5.2B	4.8B	4.7B	4.4B	3.7B	3.2B	2.9B	2.6B	2.6B	2.5B	2.2B	2.1B	933.7M	377.1M	367.1M	432M	444.4M	590.3M	554.3M	552.1M
Shares Outstanding	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100	59,038,100

SEC Filings

SR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 01, 2026	April 29, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 22, 2026	April 21, 2026	2026	View Filing
8-K/A 8-K/A 2026 (Amended) N/A	April 06, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 31, 2026	March 26, 2026	2026	View Filing
8-K 8-K 2026 N/A	March 16, 2026	March 16, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 09, 2026	February 09, 2026	2026	View Filing
10-Q 10-Q 2025 Q4 Q4	February 03, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 03, 2026	February 03, 2026	2026	View Filing

Showing 1 to 10 of 466 filings

Related Guides

Blog Categories

Continue your SR research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.