SPIRE INC SR

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

Spire Inc. ("Spire" or the "Company") was formed in 2000 and is the holding company for Spire Missouri Inc. ("Spire Missouri"), Spire Alabama Inc. ("Spire Alabama"), other gas utilities, and gas-related businesses. Spire Missouri was formed in 1857, and Spire Alabama was formed in 1948 by the merger of two gas companies. Spire is committed to transforming its business and pursuing growth through growing organically, investing in infrastructure, and advancing through innovation. The Company has three reportable business segments: Gas Utility, Gas Marketing and Midstream, which are further described below.

The Gas Utility segment includes the regulated operations of Spire Missouri, Spire Alabama, Spire Gulf Inc. ("Spire Gulf") and Spire Mississippi Inc. ("Spire Mississippi") (collectively, the "Utilities"). Due to the seasonal nature of the Utilities' business and the volumetric Spire Missouri rate design, earnings of Spire and each of the Utilities are typically concentrated during the heating season of November through April of each fiscal year.

Last close 85.24 2026-10-23
Market cap $5.04B 2026-03-31 share count
52-week range 74.84 - 95.31

Valuation FY2025 figures against the last close

P/S2.0x
P/E19.5x
P/FCF—
EV/EBITDA10.8x
Dividend yield3.6%
Diluted EPS4.37

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $2.48B$2.59B$2.67B$2.20B$2.24B$1.86B$1.95B———
Cost of revenue $1.02B$1.23B$1.39B———————
Gross profit $1.46B$1.36B$1.27B———————
Total operating expenses $1.95B$2.10B$2.25B$1.79B$1.79B$1.65B$1.65B$1.67B$1.40B$1.25B
Operating income $523.9M$488.3M$418.6M$408.2M$450.2M$206.4M$302.3M$294.1M$340.9M$282.3M
Interest expense $204.1M$201.1M$185.7M$119.8M$106.6M$105.5M$104.4M$98.4M$89.1M$77.2M
Pre-tax income $331.4M$309.6M$256.3M$279.7M$340.2M$101.0M$219.1M$187.7M$239.2M$213.7M
Income tax $59.7M$58.7M$38.8M$58.9M$68.5M$12.4M$34.5M$26.5M$77.6M$69.5M
Net income $271.7M$250.9M$217.5M$220.8M$271.7M$88.6M$184.6M$214.2M$161.6M$144.2M
EPS, basic 4.394.203.863.964.971.443.534.353.443.26
EPS, diluted 4.374.193.853.954.961.443.524.333.433.24
Shares, diluted (wtd. avg.) 59565352.1M51.7M51.3M50.8M49.3M47.0M44.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $5.7M$4.5M$5.6M$6.5M$4.3M$4.1M$5.8M$4.4M$7.4M$5.2M
Total current assets $807.7M$771.3M$1.08B$1.59B$1.32B$590.6M$614.5M$659.6M$725.5M$569.6M
Property, plant and equipment $1.01B$955.3M$628.5M$491.4M$471.1M$432.3M$477.8M$174.5M$52.0M$13.7M
Goodwill $1.17B$1.17B$1.17B$1.17B$1.17B$1.17B$1.17B$1.17B$1.17B$1.16B
Total assets $11.58B$10.86B$10.31B$10.08B$9.36B$8.24B$7.62B$6.84B$6.55B$6.06B
Accounts payable $248.3M$237.2M$253.1M$617.4M$409.9M$243.3M$301.5M$290.1M$257.1M$210.9M
Short-term debt $487.5M$42.0M$156.6M$281.2M$55.8M$60.4M$40.0M$175.5M$477.3M$398.7M
Total current liabilities $2.55B$1.70B$1.76B$2.35B$1.61B$1.45B$1.47B$1.32B$1.10B$1.16B
Long-term debt $3.37B$3.70B$3.55B$2.96B$2.94B$2.42B$2.08B$1.90B$2.00B$1.82B
Retained earnings $1.09B$1.02B$958.0M$905.5M$843.0M$720.7M$775.5M$715.6M$614.2M$550.9M
Total equity $3.39B$3.23B$2.92B$2.82B$2.66B$2.52B$2.54B$2.26B$1.99B$1.77B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $578.0M$912.4M$440.2M$55.0M$249.8M$469.9M$450.9M$456.6M$288.3M$328.3M
Depreciation and amortisation $298.2M$278.4M$254.8M$237.3M$213.1M$197.3M$181.7M$168.4M$154.1M$137.5M
Capital expenditure $922.4M$861.3M$662.5M$552.2M$624.8M$638.4M$823.3M$499.4M$438.1M$293.3M
Investing cash flow -$916.4M-$1.03B-$695.5M-$546.7M-$622.0M-$631.6M-$838.3M-$531.7M-$433.5M-$612.7M
Financing cash flow $344.7M$123.9M$260.6M$500.9M$379.4M$160.0M$371.8M$89.1M$147.4M$275.8M
Dividends paid $182.2M$167.1M$150.7M$141.9M$133.2M$128.0M$119.0M$108.7M$96.2M$85.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-282583.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B Net income, FY2016: 144.2M Net income, FY2017: 161.6M Net income, FY2018: 214.2M Revenue, FY2019: 2B Net income, FY2019: 184.6M Revenue, FY2020: 1.9B Net income, FY2020: 88.6M Revenue, FY2021: 2.2B Net income, FY2021: 271.7M Revenue, FY2022: 2.2B Net income, FY2022: 220.8M Revenue, FY2023: 2.7B Gross profit, FY2023: 1.3B Net income, FY2023: 217.5M Revenue, FY2024: 2.6B Gross profit, FY2024: 1.4B Net income, FY2024: 250.9M Revenue, FY2025: 2.5B Gross profit, FY2025: 1.5B Net income, FY2025: 271.7M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — — — $1.95B $1.86B $2.24B $2.20B $2.67B $2.59B $2.48B
Gross profit — — — — — — — $1.27B $1.36B $1.46B
Net income $144.2M $161.6M $214.2M $184.6M $88.6M $271.7M $220.8M $217.5M $250.9M $271.7M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Acquisition or disposal completed Item 2.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 4924

TickerCompanyMarket capP/ERevenue growth
LNG Cheniere Energy, Inc. $61.69B 12.4x 26.3%
VG Venture Global, Inc. $34.85B 16.3x 176.9%
CQP Cheniere Energy Partners, L.P. $32.02B — 23.6%
ATO ATMOS ENERGY CORP $29.10B 23.1x 12.9%
NFG NATIONAL FUEL GAS CO $7.65B 14.2x 30.0%
NJR NEW JERSEY RESOURCES CORP $5.39B 16.0x 9.9%
OGS ONE Gas, Inc. $4.90B 17.8x —
NWN Northwest Natural Holding Co $2.10B 18.0x 8.4%