SPIRE INC

Insider Sentiment (TTM):

Last Purchase:2026-06-11Last Sale:2026-06-09Shares Purchased (TTM):3,000Shares Sold (TTM):3,822

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:49,908,470Shares Outstanding:59,000,000Institutional Ownership Pct.:84.59%

Earnings Market Reaction:

Filing Date:2026-05-06Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Companies in Natural Gas Distribution

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Public Utilities Property Plant And Equipment Tran…	11,818	9,490	9,334	9,236	9,077	8,946	8,779	8,613	8,480	8,345	8,210	8,017
Public Utilities Property Plant And Equipment Accu…	3,058	2,628	2,577	2,572	2,575	2,570	2,536	2,510	2,509	2,467	2,431	2,383
Public Utilities Property Plant And Equipment Net	8,760	6,862	6,757	6,664	6,502	6,376	6,243	6,103	5,971	5,878	5,779	5,634
Property Plant And Equipment Net	557	1,003	1,007	1,011	574	983	955	918	886	687	629	583
Other Investments	127	125	128	125	117	119	115	112	105	106	103	103
Assets Current
Cash And Cash Equivalents At Carrying Value	50	4	6	13	15	12	5	7	26	5	6	5
Accounts Receivable Net C…
Accounts Receivable Gross Current	401	426	192	228	373	380	196	238	399	429	192	246
Allowance For Doubtful Accounts Receivable Current	-34	-29	-29	-34	-37	-35	-31	-33	-39	-35	-33	-35
Unbilled Receivables Current	51	19	14	18	37	18	12	27	55	22	22	59
Inventory Net
Energy Related Inventory Natural Gas In Storage	127	203	227	170	111	187	209	175	159	221	224	185
Energy Related Inventory Propane Gas	9	9	9	9	9	9	9	9	9	9	9	9
Inventory Raw Materials And Supplies	47	48	47	46	46	47	47	47	47	47	47	50
Regulatory Assets Current	79	63	78	35	42	90	115	90	117	256	348	93
Prepaid Expense Current	31	35	48	61	37	42	48	59	34	43	48	55
Other Assets Current	55	62	64	70	19	67	51	94	93	73	85	67
Assets Of Disposal Group Including Discontinued Op…	725	-	-	-	201	-	-	-	-	-	-	-
Assets Current	1,588	1,039	808	780	908	988	771	826	1,006	1,220	1,077	861
Other Assets Noncurrent
Goodwill	1,891	1,172	1,172	1,172	1,172	1,172	1,172	1,172	1,172	1,172	1,172	1,172
Regulatory Assets Noncurrent	1,394	1,331	1,324	1,293	1,287	1,288	1,252	1,283	1,273	1,267	1,249	1,421
Other Assets Noncurrent	352	350	381	350	348	351	352	298	299	303	306	265
Disposal Group Including Discontinued Operation As…	0	-	-	-	439	-	-	-	-	-	-	-
Assets	14,670	11,882	11,575	11,396	11,347	11,276	10,861	10,711	10,711	10,632	10,314	10,038
Capitalization Longterm D…
Preferred Stock Value	-	-	-	-	-	-	-	242	242	242	-	242
Common Stock Value	59	59	59	59	59	58	58	58	58	55	53	53
Additional Paid In Capital	1,984	1,982	1,981	1,979	1,977	1,934	1,902	1,902	1,900	1,727	1,617	1,578
Retained Earnings Accumulated Deficit	1,350	1,128	1,088	1,180	1,208	1,051	1,019	1,093	1,155	997	958	1,028
Accumulated Other Comprehensive Income Loss Net Of…	25	22	19	21	23	24	12	39	36	29	48	31
Stockholders Equity	3,418	3,433	3,389	3,480	3,509	3,309	3,233	3,333	3,390	3,051	2,917	2,933
Temporary Equity Carrying Amount Attributable To P…	7	6	6	5	9	8	9	9	10	15	17	18
Long Term Debt Noncurrent	5,762	4,449	3,369	3,498	3,349	3,698	3,704	3,422	3,421	3,248	3,554	3,553
Capitalization Longterm Debt And Equity	9,187	7,888	6,765	6,984	6,867	7,015	6,946	6,764	6,822	6,313	6,488	6,504
Liabilities Current
Notes Payable Current	1,955	412	1,317	1,010	1,015	1,158	947	771	786	1,048	956	558
Accounts Payable Current	185	310	248	240	161	292	237	205	193	294	253	196
Contract With Customer Liability Current	11	49	58	29	16	59	48	17	6	25	21	8
Employee Related Liabilities Current	38	30	54	40	37	29	52	42	40	26	47	36
Contract With Customer Refund Liability Current	38	34	33	33	32	32	30	30	29	29	28	28
Taxes Payable Current	84	64	109	92	80	61	105	91	83	65	104	89
Regulatory Liability Current	13	34	39	49	52	51	50	38	25	7	7	6
Other Liabilities Current	213	293	202	202	147	267	193	210	181	260	183	205
Liabilities Of Disposal Group Including Discontinu…	135	-	-	-	179	-	-	-	-	-	-	-
Liabilities Current	2,910	1,713	2,549	2,087	2,112	1,991	1,704	1,710	1,650	2,211	1,755	1,530
Liabilities Other Than Lo…
Deferred Income Tax Liabilities Net	985	914	887	900	891	838	808	820	817	761	744	736
Pension And Other Postretirement Defined Benefit P…	49	48	75	105	111	127	147	129	130	136	137	155
Asset Retirement Obligations Noncurrent	591	590	583	599	587	586	580	596	590	584	577	538
Regulatory Liability Noncurrent	806	588	578	582	637	577	536	548	558	487	472	428
Other Liabilities Noncurrent	143	142	139	140	135	142	141	145	145	141	140	147
Liabilities Of Disposal Group Including Discontinu…	0	-	-	-	8	-	-	-	-	-	-	-
Liabilities Other Than Longterm Debt Noncurrent	2,573	2,281	2,262	2,326	2,368	2,270	2,211	2,237	2,239	2,108	2,070	2,004
Liabilities And Stockholders Equity	14,670	11,882	11,575	11,396	11,347	11,276	10,861	10,711	10,711	10,632	10,314	10,038
Accumulated Depreciation Depletion And Amortizatio…	119	139	129	120	95	104	97	90	116	77	71	66
Preferred Stock Par Or Stated Value Per Share	-	-	-	-	-	-	-	25	25	25	-	25
Preferred Stock Shares Authorized	-	-	10	-	-	-	10	-	-	-	10	-
Common Stock Par Or Stated Value Per Share	1	1	1	1	1	1	1	1	1	1	1	1
Common Stock Shares Authorized	70	70	70	70	70	70	70	70	70	70	70	70
Common Stock Shares Issued	59	59	59	59	59	58	58	58	58	55	53	53
Shares Outstanding	59	59	59	59	59	58	58	58	58	55	53	53

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10‑Q10‑K

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10‑Q10‑K

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	7.90%	7.79%	8.01%	-4.58%	-5.23%	-3.31%	-	-	-	-	-	-
2025	7.92%	10.95%	9.27%	-2.51%	-3.78%	-0.55%	1.89%	8.19%	19.48%	-5.25%	-3.39%	-1.90%
2024	-0.22%	2.10%	4.05%	-3.59%	-4.12%	7.17%	-1.49%	1.10%	-0.89%	0.11%	-2.96%	5.55%
2023	-	-	-	-	-	-	-4.06%	-3.67%	-4.93%	6.51%	6.21%	-0.06%
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Performance and Valuation Metrics

Metrics	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30
Liquidity Ratios
Current Ratio	0.55	0.61	0.32	0.37	0.43	0.50	0.45	0.48	0.61	0.55	0.61	0.56
Quick Ratio	0.54	0.59	0.30	0.34	0.41	0.48	0.42	0.45	0.59	0.53	0.59	0.53
Working Capital	-1.32B	-674.80M	-1.74B	-1.31B	-1.20B	-1.00B	-932.60M	-884.00M	-644.60M	-990.60M	-678.50M	-669.20M
Leverage & Debt
Debt to Equity	0.85	0.50	0.75	0.60	0.60	0.60	0.53	0.51	0.49	0.72	0.60	0.52
Interest Coverage TTM	2.46	2.53	2.57	2.68	2.49	2.51	2.43	2.33	2.26	2.12	2.25	2.43
Debt Ratio	0.20	0.14	0.22	0.18	0.19	0.18	0.16	0.16	0.15	0.21	0.17	0.15
Efficiency & Turnover
Asset Turnover TTM	0.20	0.22	0.22	0.21	0.21	0.23	0.24	0.25	0.25	0.25	0.26	0.27
Per Share Metrics
Diluted EPS TTM	6.12	4.89	4.68	4.64	4.05	3.94	4.21	4.26	4.30	4.02	4.13	4.38
Free Cash Flow Per Share TTM	-3.77	-4.86	-5.94	-4.48	-2.13	0.49	0.91	0.95	1.00	-0.99	-4.23	-7.21
Dividend Per Share TTM	2.48	2.42	3.14	3.03	3.03	3.00	2.98	2.82	2.81	2.86	2.87	2.83
Margin Metrics
Gross Profit Margin TTM	91.05%	91.57%	91.76%	91.84%	91.86%	92.08%	92.24%	92.34%	92.44%	92.61%	93.04%	93.03%
Operating Profit Margin TTM	21.97%	21.35%	21.16%	21.84%	20.28%	19.87%	18.83%	17.80%	17.06%	15.62%	15.70%	16.94%
Net Profit Margin TTM	13.86%	11.26%	10.97%	11.62%	10.08%	9.11%	9.09%	9.42%	9.20%	8.26%	8.16%	8.61%
Growth Metrics
Net Revenue Growth (1Y)	11.04%	2.55%	-4.50%	-9.52%	-9.97%	-3.96%	-2.75%	-2.27%	-3.17%	6.18%	21.28%	22.79%
Net Income Growth (1Y)	52.66%	26.73%	15.22%	11.59%	-1.41%	5.94%	8.41%	6.96%	-2.35%	-10.62%	5.74%	20.11%
EPS Growth (1Y)	50.84%	23.94%	11.25%	9.32%	-5.64%	-1.77%	1.64%	-2.68%	-8.13%	-12.46%	4.73%	19.43%
Valuation Metrics
P/E TTM	14.60	16.55	16.90	15.06	18.29	16.14	14.87	13.11	12.93	13.89	12.11	12.69
P/B TTM	1.55	1.39	1.35	1.19	1.24	1.11	1.08	0.97	0.92	0.98	0.90	0.99
P/S TTM	2.02	1.86	1.85	1.75	1.84	1.47	1.35	1.24	1.19	1.15	0.99	1.09
Market Cap	5.29B	4.79B	4.59B	4.13B	4.34B	3.68B	3.51B	3.22B	3.11B	2.99B	2.63B	2.92B
Enterprise Value	12.95B	9.64B	9.27B	8.63B	8.69B	8.53B	8.15B	7.41B	7.29B	7.28B	7.14B	7.02B
Calculated Values
Free Cash Flow TTM	-222.60M	-286.70M	-344.40M	-263.70M	-124.40M	28.10M	51.10M	54.90M	55.70M	-53.20M	-222.30M	-378.50M
Net Debt	7.67B	4.86B	4.68B	4.49B	4.35B	4.84B	4.65B	4.19B	4.18B	4.29B	4.50B	4.11B
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2026-06-11Purchase

Owner: Koonce, Paul D

Title: -

Shares: 500

Price/Share: $78.46

Value: $39,230.00

Shares Owned: 8,000

Relationship: Director

Ownership: Indirect

2026-06-09Sale

Owner: Hyman, Ryan L

Title: SVP, CCIO

Shares: 3,822

Price/Share: $80.51

Value: $307,709.22

Shares Owned: 14,295

Relationship: Officer

Ownership: Direct

2026-06-01Purchase

Owner: Koonce, Paul D

Title: -

Shares: 500

Price/Share: $80.50

Value: $40,250.00

Shares Owned: 7,500

Relationship: Director

Ownership: Indirect

2026-05-08Purchase

Owner: Koonce, Paul D

Title: -

Shares: 2,000

Price/Share: $85.81

Value: $171,620.00

Shares Owned: 7,000

Relationship: Director

Ownership: Indirect

2024-12-13Sale

Owner: Woodard, Adam W.

Title: Treasurer

Shares: 1,150

Price/Share: $67.47

Value: $77,590.50

Shares Owned: 2,587

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-06-11	Koonce, Paul D	Director	-	Indirect	Purchase	500	78.46	$39,230.00	8,000	4
2026-06-09	Hyman, Ryan L	Officer	SVP, CCIO	Direct	Sale	3,822	80.51	$307,709.22	14,295	4
2026-06-01	Koonce, Paul D	Director	-	Indirect	Purchase	500	80.50	$40,250.00	7,500	4
2026-05-08	Koonce, Paul D	Director	-	Indirect	Purchase	2,000	85.81	$171,620.00	7,000	4
2024-12-13	Woodard, Adam W.	Officer	Treasurer	Direct	Sale	1,150	67.47	$77,590.50	2,587	4
2024-12-13	Hampton, Joseph B.	Officer	President, AL & MS	Direct	Sale	1,472	67.61	$99,521.92	5,311	4
2024-12-02	Koonce, Paul D	Director	-	Indirect	Purchase	1,000	73.61	$73,610.00	2,425	4
2024-08-22	Gorla, Gerard J.	Officer	VP, Chief HR Officer	Direct	Sale	500	64.82	$32,410.00	7,311	4
2024-08-02	Fogarty, Maria V.	Director	-	Indirect	Sale	6,590	65.15	$429,338.50	9,800	4
2024-08-02	Koonce, Paul D	Director	-	Indirect	Purchase	500	66.13	$33,065.00	1,425	4
2024-06-13	Rasche, Steven P	Officer	Executive Vice President	Indirect	Purchase	4,500	23.83	$107,235.00	16,500	4
2024-03-15	Woodard, Adam W.	Officer	Treasurer	Direct	Sale	1,229	59.58	$73,245.86	1,560	4
2024-02-07	Hampton, Joseph B.	Officer	President, AL & MS	Direct	Sale	1,294	58.13	$75,220.22	6,768	4
2024-02-05	Koonce, Paul D	Director	-	Indirect	Purchase	425	58.66	$24,930.50	925	4
2023-11-20	Koonce, Paul D	Director	-	Indirect	Purchase	500	60.95	$30,475.00	500	4
2023-09-13	Woodard, Adam W.	Officer	Treasurer	Direct	Sale	779	60.42	$47,087.12	1,470	4
2023-09-07	Rasche, Steven P	Officer	Executive Vice President	Indirect	Purchase	3,100	41.85	$129,735.00	34,665	4
2023-09-01	Woodard, Adam W.	Officer	Treasurer	Indirect	Purchase	1,000	58.70	$58,700.00	4,190	4
2023-08-17	Koonce, Paul D	Director	-	Indirect	Purchase	5,000	59.27	$296,350.00	5,000	4
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Institutional Ownership

No data available for chart

2026-03-31

84.59%

Inst. Shares: 49,908,470

Shares Outstanding: 59,000,000

2025-12-31

87.09%

Inst. Shares: 51,380,295

Shares Outstanding: 59,000,000

2025-09-30

87.77%

Inst. Shares: 50,907,163

Shares Outstanding: 58,000,000

2025-06-30

85.60%

Inst. Shares: 50,418,010

Shares Outstanding: 58,900,000

2025-03-31

81.45%

Inst. Shares: 47,487,258

Shares Outstanding: 58,300,000

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	49,908,470	59,000,000	84.59%
2025-12-31	51,380,295	59,000,000	87.09%
2025-09-30	50,907,163	58,000,000	87.77%
2025-06-30	50,418,010	58,900,000	85.60%
2025-03-31	47,487,258	58,300,000	81.45%
2024-12-31	49,498,110	57,700,000	85.79%
2024-09-30	47,552,633	56,000,000	84.92%
2024-06-30	47,466,133	57,700,000	82.26%
2024-03-31	46,576,477	55,800,000	83.47%
2023-12-31	45,234,997	53,500,000	84.55%
2023-09-30	45,509,395	52,500,000	86.68%
2023-06-30	43,320,215	52,500,000	82.51%
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SPIRE INC (SR) — SEC Financial Statements & Analysis

SPIRE INC (SR) is a natural gas distribution company, incorporated in MO. SPIRE INC trades on NYSE as: SR, SRJN. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), SPIRE INC reported a 11.04% year-over-year revenue growth, a Gross Profit Margin of 91.05% (TTM), a Debt-to-Equity ratio of 0.85x, a Price-to-Sales (P/S) ratio of 2.02x (TTM), a Price-to-Book (P/B) ratio of 1.55 (TTM), at a market cap of $5.29B. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 11.04%
Gross Profit Margin TTM: 91.05%
Debt To Equity: 0.85x
P/S TTM: 2.02x
P/B TTM: 1.55
Market Cap: $5.29B

Data as of 2026-03-31 · Source: SEC EDGAR

Frequently Asked Questions

What industry is SPIRE INC in?

SPIRE INC (SR) operates in the Natural Gas Distribution industry.

What is SR's market cap?

SPIRE INC (SR) has a market capitalization of $5.29B as of 2026-03-31.

What is SR's P/E ratio?

SPIRE INC (SR)'s trailing twelve month P/E ratio is 14.60x as of 2026-03-31.

What exchange does SR trade on?

SPIRE INC (SR) trades on the NYSE.

Where is SPIRE INC incorporated?

SPIRE INC is incorporated in MO.

SPIRE INC (SR) — SEC Financial Statements & Analysis

Frequently Asked Questions

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