SPIRE INCSREarnings & Financial Report
Spire Inc. is a regional public utility holding company based in St. Louis, Missouri, providing natural gas service through its regulated core utility operations while engaging in non-regulated activities that provide business opportunities. Its primary subsidiary Laclede Gas Company is the largest natural gas distribution utility in Missouri, serving approximately 631,000 residential, commercial and industrial customers in the City of St. Louis and ten counties in eastern Missouri. Its corpo...
SR Q1 FY2026 Key Financial Metrics
Revenue
$762.2M
Gross Profit
$419.6M
Operating Profit
$173.5M
Net Profit
$95.0M
Gross Margin
55.1%
Operating Margin
22.8%
Net Margin
12.5%
YoY Growth
13.9%
EPS
$1.54
SPIRE INC Q1 FY2026 Financial Summary
SPIRE INC reported revenue of $762.2M (up 13.9% YoY) for Q1 FY2026, with a net profit of $95.0M (up 16.9% YoY) (12.5% margin). Cost of goods sold was $342.6M, operating expenses totaled $246.1M.
Key Financial Metrics
| Total Revenue | $762.2M |
|---|---|
| Net Profit | $95.0M |
| Gross Margin | 55.1% |
| Operating Margin | 22.8% |
| Report Period | Q1 FY2026 |
Revenue Breakdown
SPIRE INC Q1 FY2026 revenue of $762.2M breaks down across 7 segments, led by Residential at $474.9M (62.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Residential | $474.9M | 62.3% |
| Commercial And Industrial | $148.4M | 19.5% |
| Gas Marketing | $41.1M | 5.4% |
| Midstream | $39.0M | 5.1% |
| Transportation | $37.1M | 4.9% |
| Offsystem And Other Inventive | $19.7M | 2.6% |
| Other Customer Revenue | $4.6M | 0.6% |
SPIRE INC Revenue by Segment — Quarterly Trend
SPIRE INC revenue by segment across the last 4 reported quarters, showing how each business line (such as Residential and Commercial And Industrial) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Residential | $474.9M | $159.7M | $212.0M | $679.4M |
| Commercial And Industrial | $148.4M | $63.2M | $79.5M | $224.9M |
| Gas Marketing | $41.1M | $27.5M | $43.1M | $53.6M |
| Midstream | $39.0M | $41.4M | $42.2M | $38.4M |
| Transportation | $37.1M | $30.7M | $30.9M | $37.4M |
SPIRE INC Annual Revenue by Year
SPIRE INC annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.5B).
SPIRE INC Quarterly Revenue & Net Profit History
SPIRE INC results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $762.2M | +13.9% | $95.0M | 12.5% |
| Q4 FY2025 | $334.1M | +13.7% | $-39.8M | -11.9% |
| Q3 FY2025 | $421.9M | +1.9% | $20.9M | 5.0% |
| Q2 FY2025 | $1.1B | -6.8% | $209.3M | 19.9% |
| Q1 FY2025 | $669.1M | -11.6% | $81.3M | 12.2% |
| Q4 FY2024 | $293.8M | -5.3% | $-25.9M | -8.8% |
| Q3 FY2024 | $414.1M | -1.1% | $-12.6M | -3.0% |
| Q2 FY2024 | $1.1B | +0.5% | $204.3M | 18.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.13B | $414.1M | $293.8M | $669.1M | $1.05B | $421.9M | $334.1M | $762.2M |
| YoY Growth | 0.5% | -1.1% | -5.3% | -11.6% | -6.8% | 1.9% | 13.7% | 13.9% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $10.71B | $10.71B | $10.86B | $11.28B | $11.35B | $11.40B | $11.58B | $11.88B |
| Liabilities | $7.32B | $7.38B | $7.63B | $7.97B | $7.84B | $7.92B | $8.19B | N/A |
| Equity | $3.39B | $3.33B | $3.23B | $3.31B | $3.51B | $3.48B | $3.39B | $3.43B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $489.4M | $270.1M | $82.9M | $81.1M | $372.7M | $129.1M | $-4.9M | $81.0M |