Balance Sheet Spire Inc.

Stocks

SR

US84857L1017

Natural Gas Utilities

Real-time Estimate Cboe BZX Other stock markets 15:17:11 21/07/2026 BST			5-day change	1st Jan Change
80.42 ^USD	-0.94%		-1.01%	-2.58%

06-30	Spire Closes $657 Million Sale of Belle Butte	MT
06-29	I Squared Capital Advisors, LLC acquired Belle Butte LLC from Spire Inc. (NYSE:SR).	CI

a4301.pIQKJ3tmMZSBvmXuVyHqZ_J36XPHGUzKmly3lEKtRl8.6N1tFzcQX7nY1gHYZEOSX6tO0AmuKjT9t22a8CDnfxTQ0U5eLh5L4-uOCg

Published financial data: SPIRE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues - (Utility Template)	2.24B	2.2B	2.67B	2.59B	2.48B
Total Revenues	2.24B	2.2B	2.67B	2.59B	2.48B
Fuel & Purchased Power	946M	924M	1.26B	1.1B	906M
Operations And Maintenance	462M	450M	518M	507M	542M
Depreciation & Amortization - (IS) - (Collected)	213M	237M	255M	278M	298M
Other Operating Expenses	150M	165M	206M	207M	191M
Total Operating Expenses	1.77B	1.78B	2.24B	2.1B	1.94B
Operating Income (REIT / Utility Template)	464M	423M	427M	497M	540M
Interest Expense, Total	-107M	-120M	-186M	-201M	-204M
Net Interest Expenses	-107M	-120M	-186M	-201M	-204M
Other Non Operating Income (Expenses)	5M	10.5M	24.8M	35.2M	-3.6M
EBT, Excl. Unusual Items	362M	313M	266M	331M	332M
Asset Writedown	-	-	-	-	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	-21.9M	-33.6M	-9.7M	-21.6M	-400K
EBT, Incl. Unusual Items	340M	280M	256M	310M	331M
Income Tax Expense	68.5M	58.9M	38.8M	58.7M	59.7M
Earnings From Continuing Operations	272M	221M	218M	251M	272M
Net Income to Company	272M	221M	218M	251M	272M
Net Income - (IS)	272M	221M	218M	251M	272M
Preferred Dividend and Other Adjustments	15.2M	15.1M	15.1M	15.1M	15.1M
Net Income to Common Incl Extra Items	256M	206M	202M	236M	257M
Net Income to Common Excl. Extra Items	256M	206M	202M	236M	257M
Per Share Items
Net EPS - Basic	4.97	3.96	3.86	4.2	4.39
Basic EPS - Continuing Operations	4.97	3.96	3.86	4.2	4.39
Basic Weighted Average Shares Outstanding	51.6M	52M	52.5M	56.1M	58.5M
Net EPS - Diluted	4.96	3.95	3.85	4.19	4.37
Diluted EPS - Continuing Operations	4.96	3.95	3.85	4.19	4.37
Diluted Weighted Average Shares Outstanding	51.7M	52.1M	52.6M	56.3M	58.7M
Normalized Basic EPS	4.39	3.77	3.17	3.69	3.54
Normalized Diluted EPS	4.38	3.76	3.16	3.68	3.53
Dividend Per Share	2.6	2.74	2.88	3.02	3.14
Payout Ratio	54.47	70.97	76.09	72.5	72.51
Supplemental Items
Utility Revenues	2.12B	1.89B	2.4B	2.38B	2.14B
Non Utility Revenues	117M	304M	262M	218M	333M
EBITDA	677M	660M	682M	776M	838M
EBITA	486M	444M	448M	522M	564M
EBIT	464M	423M	427M	497M	540M
EBITDAR	-	-	-	-	-
Total Revenues (As Reported)	-	-	-	-	-
Effective Tax Rate - (Ratio)	20.14	21.06	15.14	18.96	18.01
Current Domestic Taxes	1.5M	1M	1.9M	1.7M	2.4M
Total Current Taxes	1.5M	1M	1.9M	1.7M	2.4M
Deferred Domestic Taxes	67.2M	58.1M	37.1M	57.2M	57.5M
Total Deferred Taxes	67.2M	58.1M	37.1M	57.2M	57.5M
Normalized Net Income	226M	196M	166M	207M	207M
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	4.4M	4.5M	8.6M	17M	19.5M
Non-Cash Pension Expense	39.7M	43.7M	38.7M	37.7M	36.3M
Supplemental Operating Expense Items
Net Rental Expense, Total	-	-	-	-	-
Imputed Operating Lease Interest Expense	-	-	-	-	-
Imputed Operating Lease Depreciation	-	-	-	-	-
Stock-Based Comp., Other (Total)	13.9M	6.4M	9.8M	5.8M	-
Total Stock-Based Compensation	13.9M	6.4M	9.8M	5.8M	-

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	4.3M	6.5M	5.6M	4.5M	5.7M
Accounts Receivable, Total	317M	200M	182M	177M	177M
Other Receivables	247M	394M	129M	112M	153M
Accounts Receivable (Summary Subtotal)	565M	594M	310M	289M	329M
Inventory - (Utility Template)	305M	422M	280M	264M	282M
Prepaid Expenses	29M	41.1M	48.2M	47.6M	47.8M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	414M	528M	433M	166M	142M
Total Current Assets	1.32B	1.59B	1.08B	771M	808M
Gross Property Plant And Equipment	7.79B	8.28B	8.98B	9.89B	10.53B
Accumulated Depreciation	-2.2B	-2.35B	-2.5B	-2.63B	-2.71B
Net Property Plant And Equipment	5.59B	5.94B	6.48B	7.26B	7.82B
Regulatory Assets	994M	1.11B	1.25B	1.25B	1.32B
Goodwill	1.17B	1.17B	1.17B	1.17B	1.17B
Long-Term Investments - (Utility Template)	83.1M	87.8M	103M	84.9M	92.5M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	204M	184M	235M	319M	357M
Total Assets	9.36B	10.08B	10.31B	10.86B	11.58B
Liabilities
Accounts Payable, Total	410M	617M	253M	237M	248M
Accrued Expenses, Total	65.3M	50.2M	47M	51.5M	54.1M
Short-Term Borrowings	672M	1.04B	956M	947M	1.32B
Current Portion of Long-Term Debt	55.8M	281M	157M	42M	488M
Current Portion of Leases	6.5M	6.5M	6.8M	6.6M	6.1M
Current Income Taxes Payable	78.8M	90.1M	104M	105M	109M
Unearned Revenue, Current	32.1M	18.7M	20.9M	48.4M	58.1M
Other Current Liabilities - (Bank / Utility Template)	288M	252M	211M	266M	268M
Total Current Liabilities	1.61B	2.35B	1.76B	1.7B	2.55B
Long-Term Debt	2.94B	2.96B	3.55B	3.7B	3.37B
Long-Term Leases	53.7M	73.7M	70.2M	62.7M	59.1M
Pension & Other Post Retirement Benefits	395M	336M	322M	380M	375M
Deferred Tax Liability Non-Current	740M	820M	872M	923M	988M
Other Non Current Liabilities, Total	962M	723M	822M	855M	846M
Total Liabilities	6.7B	7.27B	7.4B	7.63B	8.19B
Preferred Stock Redeemable	242M	242M	242M	242M	242M
Total Preferred Equity	242M	242M	242M	242M	242M
Common Stock, Total	51.7M	52.5M	53.2M	57.7M	59M
Additional Paid In Capital	1.52B	1.57B	1.62B	1.9B	1.98B
Retained Earnings	843M	906M	958M	1.02B	1.09B
Comprehensive Income and Other	3.6M	47.2M	47.6M	12.1M	19.4M
Total Common Equity	2.42B	2.58B	2.68B	2.99B	3.15B
Minority Interest	-	-	-	-	-
Total Equity	2.66B	2.82B	2.92B	3.23B	3.39B
Total Liabilities And Equity	9.36B	10.08B	10.31B	10.86B	11.58B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	51.69M	52.5M	53.18M	57.76M	59.04M
ECS Total Common Shares Outstanding	51.68M	52.49M	53.17M	57.75M	59.03M
Book Value / Share	46.75	49.08	50.32	51.79	53.32
Tangible Book Value	1.24B	1.4B	1.5B	1.82B	1.98B
Tangible Book Value Per Share	24.08	26.76	28.28	31.5	33.47
Total Debt	3.73B	4.36B	4.74B	4.76B	5.24B
Net Debt	3.72B	4.35B	4.74B	4.76B	5.23B
Debt Equivalent of Unfunded Proj. Benefit Obligation	191M	132M	104M	94.9M	22.5M
Debt Equivalent Oper. Leases	-	-	-	-	-
Minority Interest, Total (Incl. Fin. Div)	-	-	-	-	-
Account Code - Inventory Valuation	3	3	4	4	4
LIFO Reserve, Total	-	-	-	-	-
Inventories - Raw Materials, Total	28.6M	41.9M	47.2M	46.7M	47M
Inventories - Finished Goods, Total	276M	380M	232M	217M	236M
Machinery, Total	7.22B	7.66B	8.21B	8.78B	9.33B
Full Time Employees	3.71K	3.58K	3.59K	3.48K	3.5K
Accumulated Allowance for Doubtful Accounts (Supple)	30.3M	31.9M	32.5M	31.4M	28.8M

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	272M	221M	218M	251M	272M
Depreciation, Depletion & Amortization	191M	216M	233M	254M	273M
Amortization of Goodwill and Intangible Assets - (CF)	21.8M	21.1M	21.5M	24.8M	25M
Total Depreciation, Depletion & Amortization	213M	237M	255M	278M	298M
Total Asset Writedown	-	-	-	-	-
Change in Accounts Receivable	-355M	-52M	336M	50.2M	-30.3M
Change In Inventories	-111M	-117M	143M	15.8M	-18.6M
Change in Accounts Payable	178M	191M	-389M	-25.1M	47.5M
Change In Income Taxes	8.9M	11.2M	15M	1.1M	6M
Change in Other Net Operating Assets (Collected)	-39.5M	-502M	-186M	276M	-66.9M
Other Operating Activities	84.3M	66.7M	49.9M	65.3M	70.4M
Cash from Operations	250M	55M	440M	912M	578M
Capital Expenditure	-625M	-552M	-662M	-861M	-922M
Cash Acquisitions	-	-	-37M	-176M	-
Other Investing Activities, Total	2.8M	5.5M	4M	10M	6M
Cash from Investing	-622M	-547M	-696M	-1.03B	-916M
Short Term Debt Issued, Total	24M	366M	-	-	370M
Long-Term Debt Issued, Total	629M	300M	755M	495M	150M
Total Debt Issued	653M	666M	755M	495M	520M
Short Term Debt Repaid, Total	-	-	-82M	-8.5M	-
Long-Term Debt Repaid, Total	-115M	-55.8M	-281M	-457M	-42M
Total Debt Repaid	-115M	-55.8M	-363M	-465M	-42M
Issuance of Common Stock	1M	51.9M	41.9M	287M	76.2M
Issuance of Preferred Stock	-	-	-	-	-
Common Dividends Paid	-133M	-142M	-151M	-167M	-182M
Preferred Dividends Paid	-14.8M	-14.8M	-14.8M	-14.8M	-14.8M
Common & Preferred Stock Dividends Paid	-148M	-157M	-166M	-182M	-197M
Other Financing Activities, Total	-11.3M	-4M	-7.6M	-11.1M	-12.5M
Cash from Financing	379M	501M	261M	124M	345M
Net Change in Cash	7.2M	9.2M	5.3M	9.1M	6.3M
Supplemental Items
Cash Interest Paid	98.7M	120M	178M	206M	207M
Cash Income Tax Paid (Refund)	1.5M	1.8M	2M	900K	2.9M
Net Debt Issued / Repaid	538M	610M	392M	29.9M	478M
Levered Free Cash Flow	-761M	-238M	-125M	-15.8M	-420M
Unlevered Free Cash Flow	-694M	-163M	-8.79M	110M	-293M
Change In Net Working Capital	586M	119M	-122M	-376M	5.5M

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.29	2.72	2.62	2.93	3.01
Return on Total Capital	4.79	3.9	3.6	3.97	4.06
Return On Equity %	10.49	8.06	7.58	8.16	8.21
Return on Common Equity	10.92	8.24	7.71	8.32	8.36
Margin Analysis
Gross Profit Margin %	37	37.53	33.3	37.88	41.54
SG&A Margin	-0.44	-0.65	-0.31	-0.34	-0.63
EBITDA Margin %	30.28	30.02	25.57	29.91	33.83
EBITA Margin %	21.72	20.18	16.82	20.13	22.8
EBIT Margin %	20.74	19.22	16.01	19.17	21.79
Income From Continuing Operations Margin %	12.15	10.04	8.16	9.68	10.97
Net Income Margin %	12.15	10.04	8.16	9.68	10.97
Net Avail. For Common Margin %	11.47	9.36	7.59	9.09	10.36
Normalized Net Income Margin	10.12	8.91	6.24	7.98	8.37
Levered Free Cash Flow Margin	-34.02	-10.83	-4.68	-0.61	-16.96
Unlevered Free Cash Flow Margin	-31.04	-7.43	-0.33	4.24	-11.81
Asset Turnover
Asset Turnover	0.25	0.23	0.26	0.24	0.22
Fixed Assets Turnover	0.42	0.38	0.43	0.38	0.33
Receivables Turnover (Average Receivables)	10.3	8.5	13.96	14.45	14.01
Inventory Turnover (Average Inventory)	5.67	3.78	5.07	5.93	5.3
Short Term Liquidity
Current Ratio	0.82	0.68	0.61	0.45	0.32
Quick Ratio	0.35	0.26	0.18	0.17	0.13
Operating Cash Flow to Current Liabilities	0.16	0.02	0.25	0.54	0.23
Days Sales Outstanding (Average Receivables)	35.45	42.96	26.15	25.32	26.06
Days Outstanding Inventory (Average Inventory)	64.34	96.64	72.02	61.74	68.88
Average Days Payable Outstanding	78.33	125.76	97.13	56.25	60.43
Cash Conversion Cycle (Average Days)	21.45	13.84	1.04	30.81	34.51
Long Term Solvency
Total Debt/Equity	140.21	154.6	162.59	147.33	154.57
Total Debt / Total Capital	58.37	60.72	61.92	59.57	60.72
LT Debt/Equity	112.59	107.58	124.23	116.53	101.15
Long-Term Debt / Total Capital	46.87	42.26	47.31	47.12	39.73
Total Liabilities / Total Assets	71.59	72.05	71.71	70.23	70.72
EBIT / Interest Expense	4.35	3.53	2.3	2.47	2.64
EBITDA / Interest Expense	6.35	5.51	3.67	3.86	4.1
(EBITDA - Capex) / Interest Expense	0.49	0.9	0.1	-0.43	-0.41
Total Debt / EBITDA	5.51	6.6	6.96	6.14	6.25
Net Debt / EBITDA	5.5	6.59	6.95	6.14	6.25
Total Debt / (EBITDA - Capex)	71.68	40.46	247.04	-55.51	-61.85
Net Debt / (EBITDA - Capex)	71.59	40.4	246.74	-55.46	-61.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.49	-1.66	21.28	-2.75	-4.5
Gross Profit, 1 Yr. Growth %	18.04	-0.25	7.62	10.63	4.73
EBITDA, 1 Yr. Growth %	19.64	-2.5	3.3	13.76	8.02
EBITA, 1 Yr. Growth %	26.96	-8.61	1.06	16.39	8.16
EBIT, 1 Yr. Growth %	25.87	-8.86	1.02	16.44	8.53
Earnings From Cont. Operations, 1 Yr. Growth %	206.66	-18.73	-1.49	15.36	8.29
Net Income, 1 Yr. Growth %	206.66	-18.73	-1.49	15.36	8.29
Diluted EPS Before Extra, 1 Yr. Growth %	244.58	-20.36	-2.53	8.83	4.3
Normalized Net Income, 1 Yr. Growth %	28.77	-13.48	-15.1	24.51	0.18
Net Property, Plant and Equip., 1 Yr. Growth %	7.91	6.23	9.14	12.1	7.73
Inventory, 1 Yr. Growth %	59.27	38.46	-33.81	-5.58	7.05
Accounts Receivable, 1 Yr. Growth %	171.43	-36.91	-9.14	-2.75	-0.11
Total Assets, 1 Yr. Growth %	13.53	7.77	2.28	5.3	6.58
Tangible Book Value, 1 Yr. Growth %	12.26	12.88	7.03	20.97	8.61
Cash From Operations, 1 Yr. Growth %	-46.84	-77.98	700.36	107.27	-36.65
Capital Expenditures, 1 Yr. Growth %	-2.13	-11.62	19.97	30.01	7.09
Levered Free Cash Flow, 1 Yr. Growth %	285.93	-68.69	-47.58	-87.34	1.84K
Unlevered Free Cash Flow, 1 Yr. Growth %	429.16	-76.47	-94.62	-1.35K	-381.03
Dividend Per Share, 1 Yr. Growth %	4.42	5.38	5.11	4.86	3.97
Common Equity, 1 Yr. Growth %	5.96	6.63	3.83	11.79	5.24
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	7	8.85	9.21	8.6	-3.63
Gross Profit, 2 Yr. CAGR %	13.86	8.51	3.84	9.12	7.64
EBITDA, 2 Yr. CAGR %	17.32	8.01	0.64	8.41	10.85
EBITA, 2 Yr. CAGR %	25.15	9.74	-1.27	11.13	14.99
EBIT, 2 Yr. CAGR %	22.3	7.1	-3.66	8.46	12.42
Earnings From Cont. Operations, 2 Yr. CAGR %	21.32	57.86	-10.53	6.6	11.77
Net Income, 2 Yr. CAGR %	21.32	57.86	-10.53	6.6	11.77
Diluted EPS Before Extra, 2 Yr. CAGR %	18.71	65.65	-11.9	2.99	6.54
Normalized Net Income, 2 Yr. CAGR %	28.56	5.55	-13.85	2.82	11.69
Net Property, Plant and Equip., 2 Yr. CAGR %	7.56	7.07	7.68	10.61	9.89
Inventory, 2 Yr. CAGR %	24.55	48.5	-4.27	-20.95	0.54
Accounts Receivable, 2 Yr. CAGR %	61.87	30.87	-24.29	-6	-1.44
Total Assets, 2 Yr. CAGR %	10.82	10.62	4.99	3.78	5.94
Common Equity, 2 Yr. CAGR %	2.47	6.3	5.23	7.74	8.46
Tangible Book Value, 2 Yr. CAGR %	4.98	12.57	9.92	13.79	14.63
Cash From Operations, 2 Yr. CAGR %	-25.57	-65.79	32.75	307.3	14.59
Capital Expenditures, 2 Yr. CAGR %	-12.89	-7	2.97	24.89	18
Levered Free Cash Flow, 2 Yr. CAGR %	44.08	9.92	-59.55	-74.24	76.63
Unlevered Free Cash Flow, 2 Yr. CAGR %	51.8	11.58	-88.77	-17.96	296.7
Dividend Per Share, 2 Yr. CAGR %	4.74	4.9	5.25	4.99	4.42
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.39	4.04	12.85	5.07	4.05
Gross Profit, 3 Yr. CAGR %	10.32	8.95	8.21	6.06	7.64
EBITDA, 3 Yr. CAGR %	14.73	10.3	6.41	4.83	8.28
EBITA, 3 Yr. CAGR %	20.18	12.7	6.77	4.3	10.13
EBIT, 3 Yr. CAGR %	18.35	10.88	5.04	2.62	8.48
Earnings From Cont. Operations, 3 Yr. CAGR %	8.25	6.15	34.9	-2.62	7.16
Net Income, 3 Yr. CAGR %	8.25	6.15	34.9	-2.62	7.16
Diluted EPS Before Extra, 3 Yr. CAGR %	4.63	3.92	38.81	-5.47	3.43
Normalized Net Income, 3 Yr. CAGR %	24.49	12.66	-1.84	-2.6	1.93
Net Property, Plant and Equip., 3 Yr. CAGR %	10.46	7.11	7.76	9.13	9.64
Inventory, 3 Yr. CAGR %	13.19	29.03	13.43	-4.71	-12.54
Accounts Receivable, 3 Yr. CAGR %	32.5	18.24	15.88	-17.7	-4.08
Total Assets, 3 Yr. CAGR %	10.99	9.79	7.76	5.1	4.71
Common Equity, 3 Yr. CAGR %	2.32	3.84	5.47	7.37	6.9
Tangible Book Value, 3 Yr. CAGR %	4.72	7.55	10.69	13.49	12.04
Cash From Operations, 3 Yr. CAGR %	-18.21	-50.41	-2.15	54	119.04
Capital Expenditures, 3 Yr. CAGR %	7.75	-12.47	1.24	11.29	18.65
Levered Free Cash Flow, 3 Yr. CAGR %	114.39	-13.38	-14.12	-72.54	20.83
Unlevered Free Cash Flow, 3 Yr. CAGR %	253.67	-18.46	-59.38	-45.96	21.45
Dividend Per Share, 3 Yr. CAGR %	4.94	4.95	4.97	5.12	4.65
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	7.78	4.78	6.29	5.84	5.94
Gross Profit, 5 Yr. CAGR %	8.72	5.47	7.59	9.01	7.98
EBITDA, 5 Yr. CAGR %	10.02	6.76	8.75	9.54	8.17
EBITA, 5 Yr. CAGR %	11.45	6.64	9.9	10.98	8.91
EBIT, 5 Yr. CAGR %	10.43	5.61	8.82	9.9	7.93
Earnings From Cont. Operations, 5 Yr. CAGR %	13.51	6.44	0.31	6.33	25.12
Net Income, 5 Yr. CAGR %	13.51	6.44	0.31	6.33	25.12
Diluted EPS Before Extra, 5 Yr. CAGR %	8.89	2.86	-2.32	3.55	24.87
Normalized Net Income, 5 Yr. CAGR %	11.12	5.55	7.22	8.61	3.36
Net Property, Plant and Equip., 5 Yr. CAGR %	11.1	9.81	9.34	8.5	8.6
Inventory, 5 Yr. CAGR %	8.56	13.34	5.85	6.06	8.09
Accounts Receivable, 5 Yr. CAGR %	23.85	9.77	5.93	7.87	8.61
Total Assets, 5 Yr. CAGR %	9.06	9.02	8.55	7.35	7.03
Common Equity, 5 Yr. CAGR %	6.44	5.29	3.47	5.38	6.66
Tangible Book Value, 5 Yr. CAGR %	15.58	11.38	6.77	10	12.25
Cash From Operations, 5 Yr. CAGR %	-5.32	-28.2	-0.73	15.14	4.23
Capital Expenditures, 5 Yr. CAGR %	16.33	4.74	5.82	0.91	7.64
Levered Free Cash Flow, 5 Yr. CAGR %	167.17	-3.2	10.1	-46.67	16.34
Unlevered Free Cash Flow, 5 Yr. CAGR %	66.75	-6.17	-10.94	-18.26	17.4
Dividend Per Share, 5 Yr. CAGR %	5.81	5.46	5.06	4.97	4.75