$81.10
-1.8%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.
Exceptional pricing power and cost management. The company retains over half of revenue after direct costs.
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Strong net margins indicate efficient operations and favorable tax/interest management.
Moderate tax rate typical for most corporations. Represents standard tax burden on profits.
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
SR โข NYSE
| Spire Inc. Income Statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||||||
2.5B | 2.6B | 2.7B | 2.2B | 2.2B | 1.9B | 2B | 2B | 1.7B | 1.5B | 2B | 1.6B | 1B | 1.1B | 1.6B | 1.7B | 1.9B | 2.2B | 1.9B | 1.8B | |
GROSS PROFIT | ||||||||||||||||||||
(542.1M) | (1.6B) | (1.8B) | (1.4B) | (1.4B) | (1.2B) | (1.3B) | (1.3B) | (1.1B) | (992.9M) | (1.4B) | (1.3B) | (812.1M) | (920.5M) | (1.4B) | (1.4B) | (1.5B) | (1.8B) | (1.5B) | (1.5B) | |
1.9B | 982.3M | 887.9M | 825M | 823.4M | 700.7M | 638M | 616M | 632.2M | 544.4M | 544.5M | 360.8M | 204.9M | 205M | 227.9M | 351.2M | 408.2M | 390.7M | 359M | 350.9M | |
OPERATING INCOME | ||||||||||||||||||||
(1.4B) | (494M) | (469.3M) | (416.8M) | (373.2M) | (494.3M) | (335.7M) | (321.9M) | (291.3M) | (262.1M) | (272M) | (194.4M) | (108.4M) | (94.4M) | (109.6M) | (246.3M) | (283.1M) | (279.4M) | (258.5M) | (251.3M) | |
523.9M | 488.3M | 418.6M | 408.2M | 450.2M | 206.4M | 302.3M | 294.1M | 340.9M | 282.3M | 272.5M | 166.4M | 96.5M | 110.6M | 118.2M | 104.9M | 125.1M | 111.3M | 100.4M | 99.6M | |
PRE-TAX INCOME | ||||||||||||||||||||
(204.1M) | (201.1M) | (185.7M) | (119.8M) | (106.6M) | (105.5M) | (104.4M) | (98.4M) | (89.1M) | (77.2M) | (74.6M) | (46.2M) | (26.7M) | (24.9M) | (25.4M) | (26.9M) | (29.7M) | (9.1M) | (11.2M) | (10.3M) | |
-204.1M | -201.1M | -185.7M | -119.8M | -106.6M | -105.5M | -104.4M | -98.4M | -89.1M | -77.2M | -74.6M | -46.2M | -25.6M | -23.6M | -24.3M | -25.1M | -29.7M | -25.3M | 0.0 | 0.0 | |
(1.4B) | (494M) | (469.3M) | (416.8M) | (373.2M) | (494.3M) | (335.7M) | (321.9M) | (291.3M) | (262.1M) | (272M) | (194.4M) | (108.4M) | (94.4M) | (109.6M) | (246.3M) | (283.1M) | (279.4M) | (258.5M) | (251.3M) | |
-192.5M | -178.7M | -162.3M | -128.5M | -110M | -105.4M | -83.2M | -106.4M | -101.7M | -68.6M | -73.4M | -49.5M | -26.1M | -21.7M | -25.2M | -23.7M | -28.3M | -27.6M | -32.5M | -32.4M | |
331.4M | 309.6M | 256.3M | 279.7M | 340.2M | 101M | 219.1M | 187.7M | 239.2M | 213.7M | 199.1M | 116.9M | 70.4M | 88.9M | 93M | 81.1M | 96.8M | 83.8M | 67.9M | 67.2M | |
NET INCOME | ||||||||||||||||||||
(59.7M) | (58.7M) | (38.8M) | (58.9M) | (68.5M) | (12.4M) | (34.5M) | -26.5M | (77.6M) | (69.5M) | (62.2M) | (32.3M) | (17.6M) | (26.3M) | (29.2M) | (27.1M) | (32.5M) | (26.2M) | (25M) | (23.6M) | |
271.7M | 250.9M | 217.5M | 220.8M | 271.7M | 88.6M | 184.6M | 214.2M | 161.6M | 144.2M | 136.9M | 84.6M | 52.8M | 62.6M | 63.8M | 54M | 64.2M | 78M | 49.8M | 49M |
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 | |
8-K 8-K 2026 N/A | May 01, 2026 | April 29, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 30, 2026 | April 30, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 22, 2026 | April 21, 2026 | 2026 | |
8-K/A 8-K/A 2026 (Amended) N/A | April 06, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 31, 2026 | March 26, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 16, 2026 | March 16, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 09, 2026 | February 09, 2026 | 2026 | |
10-Q 10-Q 2025 Q4 Q4 | February 03, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 03, 2026 | February 03, 2026 | 2026 |
Continue your SR research with focused valuation guides.
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.