SPIRE INC

Listed Company

SRCIK 0001126956NYSELarge AcceleratedNatural Gas DistributionMissouriFY ends Sep 30

Period

FY 2025

Revenue

—

Net Income

$271.70M

Total Assets

$11.58B

Equity

$3.39B

Shares Out

59.10M

Op. Cash Flow

$578.00M

Business

SPIRE INC is a holding company that owns and operates regulated natural gas utilities and gas-related businesses focused on the purchase, transportation, storage and retail distribution of natural gas. It offers natural gas retail sales and transportation services, natural gas marketing and commodity procurement, long‑term and short‑term storage, pipeline transportation, and related risk management services. The company reports three segments: Gas Utility, Gas Marketing and Midstream, which include operating subsidiaries such as Spire Missouri, Spire Alabama, Spire STL Pipeline, Spire MoGas Pipeline and Spire Storage entities. Its operations serve residential, commercial, industrial and transportation customers across Missouri, Alabama, Mississippi and broader central and southern U.S. markets via regulated distribution systems, interstate pipelines, storage facilities and retail and wholesale marketing channels.

Summary from filing dated 2025-11-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Operating Revenues	2,476	2,593	2,666	2,199	2,236
Natural gas	906	1,103	1,261	924	946
Operation and maintenance	542	507	518	450	466
Depreciation and amortization	298	278	255	237	213
Taxes, other than income taxes	207	216	215	180	160
Total Operating Expenses	1,953	2,105	2,248	1,790	1,785
Operating Income	524	488	419	408	450
Interest Expense	204	201	186	120	107
Other Income, Net	12	22	23	−9	−3
Income Before Income Taxes	331	310	256	280	340
Income Tax Expense	60	59	39	59	69
Net Income	272	251	218	221	272
Provision for preferred dividends	15	15	15	15	15
Income allocated to participating securities	300,000	300,000	300,000	300,000	400,000
Net Income Available to Common Shareholders	257	236	202	206	257
Basic (in shares)	58.5	56.1	52.5	52	52
Diluted (in shares)	58.7	56.3	52.6	52	52
Basic Earnings Per Share of Common Stock (in dollars per share)	4.39	4.2	3.86	3.96	4.97
Diluted Earnings Per Share of Common Stock (in dollars per share)	4.37	4.19	3.85	3.95	4.96

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Utility Plant	9,334	8,779	8,210	7,665	7,225
Less: Accumulated depreciation and amortization	2,577	2,536	2,431	2,295	2,169
Net Utility Plant	6,757	6,243	5,779	5,370	5,056
Non-utility Property (net of accumulated depreciation and amortization of $129.4 and $96.8 at September 30, 2025 and 2024, respectively)	1,007	955	629	491	471
Other Investments	128	115	103	88	83
Total Other Property and Investments	1,135	1,071	731	579	554
Cash and cash equivalents	6	5	6	7	4
Utility	192	196	192	211	338
Other	153	113	129	444	288
Allowance for credit losses	−29	−31	−33	−32	−30
Delayed customer billings	14	12	22	21	9
Natural gas	227	209	224	372	268
Propane gas	9	9	9	9	9
Materials and supplies	47	47	47	42	29
Regulatory Assets, Current	78	115	348	355	307
Prepayments	48	48	48	41	29
Other	64	51	85	123	66
Total Current Assets	808	771	1,077	1,592	1,317
Goodwill	1,172	1,172	1,172	1,172	1,172
Regulatory assets	1,324	1,252	1,249	1,112	994
Other	381	352	306	258	265
Total Deferred Charges and Other Assets	2,876	2,776	2,727	2,542	2,430
Total Assets	11,575	10,861	10,314	10,084	9,356
Common stock	59	58	53	53	52
Paid-in capital	1,981	1,902	1,617	1,571	1,518
Retained earnings	1,088	1,019	958	906	843
Accumulated other comprehensive income	19	12	48	47	4
Total Shareholders' Equity	3,389	3,233	2,917	2,819	2,658
Temporary equity	6	9	17	13	10
Long-term debt (less current portion)	3,369	3,704	3,554	2,959	2,939
Total Capitalization	6,765	6,946	6,488	5,790	5,607
Current portion of long-term debt	488	42	157	281	56
Notes payable	1,317	947	956	1,038	672
Accounts payable	248	237	253	617	410
Advance customer billings	58	48	21	19	32
Wages and compensation accrued	54	52	47	50	60
Customer deposits	33	30	28	28	29
Taxes accrued	109	105	104	90	79
Regulatory liabilities	39	50	7	4	35
Other	202	193	183	227	237
Total Current Liabilities	2,549	1,704	1,755	2,354	1,608
Deferred income taxes	887	808	744	675	612
Pension and postretirement benefit costs	75	147	137	163	236
Asset retirement obligations	583	580	577	521	520
Regulatory liabilities	578	536	472	418	621
Other	139	141	140	163	152
Total Deferred Credits and Other Liabilities	2,262	2,211	2,070	1,940	2,141
Commitments and Contingencies (Note 16)	—	—	—	—	—
Total Capitalization and Liabilities	11,575	10,861	10,314	10,084	9,356

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-09-30	FY 2024 2024-09-30	FY 2023 2023-09-30	FY 2022 2022-09-30	FY 2021 2021-09-30
Depreciation and amortization	298	278	255	237	213
Deferred income taxes and investment tax credits	57	57	37	58	67
Accounts receivable	−38	13	334	−27	−343
Inventories	−19	16	143	−117	−111
Regulatory assets and liabilities	27	341	−69	−409	77
Accounts payable	48	−25	−389	191	178
Delayed/advance customer billings, net	8	38	2	−26	−12
Taxes accrued	6	1	15	11	9
Other assets and liabilities	−93	−66	−118	−94	−116
Other	13	8	13	9	17
Net cash provided by operating activities	578	912	440	55	250
Capital expenditures	−922	−861	−663	−552	−625
Business acquisition, net of cash acquired	0	−176	−37	0	—
Other	6	10	4	6	3
Net cash used in investing activities	−916	−1,027	−696	−547	−622
Issuance of long-term debt	150	495	755	300	629
Repayment of long-term debt	−42	−457	−281	−56	−115
Issuance (repayment) of short-term debt, net	370	−9	−82	366	24
Issuance of common stock	76	287	42	52	1
Dividends paid on common stock	−182	−167	−151	−142	−133
Dividends paid on preferred stock	−15	−15	−15	−15	−15
Other	−13	−11	−8	−4	−11
Net cash provided by (used in) financing activities	345	124	261	501	379
Net Increase (Decrease) in Cash and Cash Equivalents	6	9	5	9	7
Interest, net of amounts capitalized	−207	−206	−178	−120	−99
Income taxes	−3	−900,000	−2	−2	−2

Filings

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