Jun 2026 (Q3 FY26) — Aug 5, 2026
Spire Q3 FY26 — Fully Regulated Focus and Reaffirmed EPS Growth
Read the full callSpire (SR) earnings
- Mar 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Spire earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | Quarterly, as filed | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Operating margin | Operating profit / revenue | Quarter to Mar 2026 | Not in the filed figures for the quarter to mar 2026. No older figure is substituted. | ||
| Net profit | 282 | +34.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
6 of 6 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 10-year capital expenditure plan | $7.4 billion | Sep 2024 | $11.2 billion 10-year capital plan | On Track |
| Piedmont Natural Gas Tennessee acquisition closing timeline | close in the first calendar quarter of 2026 | Jun 2025 | We completed the transaction on March 31, marking an important milestone for Spire. | Achieved |
8 of SPIRE INC's 14 targets are still open. See which are on track and which have gone quiet. The 2 above are the free sample; 12 more targets are in the full ledger.
Claimed
- Adjusted earnings per share from continuing operations improved by $0.03 per share, from a loss of $0.29 to $0.26 per share in the prior year quarter.
- Completed divestitures of Spire Marketing and Spire Storage, transforming into a fully regulated company.
- Reaffirmed fiscal 2026 adjusted EPS guidance of $3.90 to $4.10 per share and fiscal 2027 guidance of $5.40 to $5.60 per share.
- Reaffirmed long-term adjusted EPS growth target of 5% to 7% using the original FY27 guidance midpoint of $5.75 as the base.
- Reached a settlement in the Missouri accounting authority order proceeding, providing a path to improve revenue recovery and reduce earnings volatility.
Qualified
- Reported an adjusted loss of $0.26 per share from continuing operations in Q3 FY26.
- O&M expense increased by approximately $4 million, primarily due to higher bad debt expense.
- Other activities reported an adjusted loss of $12 million, reflecting higher corporate costs and interest expense.
- Current FFO to debt stands at 13%, below the target of 14% to 15% expected by the end of 2028.
Price
$81.17 −1.05% · −$0.86
Performance −4.9% 1Y
1Y: $85.35 on 17 Oct 2025 → $81.17. High $95.19 (9 Apr 2026), low $75.94 (22 Jun 2026).
- Previous close
- $82.03
- 52-week range
- $75.94 – $95.19
- One year
- −6.94%
Overview
- Symbol
- SR
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
6 of 6 judged targets kept · 8 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| 10-year capital expenditure plan | $7.4 billion | Sep 2024 | $11.2 billion 10-year capital plan | On Track |
| Piedmont Natural Gas Tennessee acquisition closing timeline | close in the first calendar quarter of 2026 | Jun 2025 | We completed the transaction on March 31, marking an important milestone for Spire. | Achieved |
Claimed
- Adjusted earnings per share from continuing operations improved by $0.03 per share, from a loss of $0.29 to $0.26 per share in the prior year quarter.
- Completed divestitures of Spire Marketing and Spire Storage, transforming into a fully regulated company.
- Reaffirmed fiscal 2026 adjusted EPS guidance of $3.90 to $4.10 per share and fiscal 2027 guidance of $5.40 to $5.60 per share.
- Reaffirmed long-term adjusted EPS growth target of 5% to 7% using the original FY27 guidance midpoint of $5.75 as the base.
- Reached a settlement in the Missouri accounting authority order proceeding, providing a path to improve revenue recovery and reduce earnings volatility.
Qualified
- Reported an adjusted loss of $0.26 per share from continuing operations in Q3 FY26.
- O&M expense increased by approximately $4 million, primarily due to higher bad debt expense.
- Other activities reported an adjusted loss of $12 million, reflecting higher corporate costs and interest expense.
- Current FFO to debt stands at 13%, below the target of 14% to 15% expected by the end of 2028.
The full ledger
Open SPIRE INC’s full ledger
A free account opens 5 company ledgers a month. All 14 tracked commitments, with each call’s wording and source.
Call summaries
Every analysed call
Spire earnings calls (SR)
Financials
What the filings say
Net profit, year on year: +35% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 414 | 294 | 669 | 1,051 | 422 | 334 | 762 | — |
| Operating profit | 31 | 20 | 149 | 278 | 69 | -0 | 174 | 304 |
| Operating margin | 7.4% | 6.7% | 22.2% | 26.4% | 16.4% | −0.1% | 22.8% | — |
| Other income | 2 | -5 | 1 | 3 | 5 | 3 | 5 | 4 |
| Interest | 49 | 50 | 48 | 45 | 50 | 59 | 60 | 63 |
| Profit before tax | -16 | -34 | 101 | 236 | 24 | -56 | 118 | 270 |
| Tax rate | 19.8% | 24.9% | 19.8% | 19.6% | 12.6% | 28.8% | 19.8% | 19.5% |
| Net profit | -13 | -26 | 81 | 209 | 21 | -40 | 95 | 282 |
| EPS ($ per share) | -0.28 | — | 1.34 | 3.52 | 0.29 | — | 1.55 | 4.61 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 51 | 51 | 52 | 52 | 53 | 53 | 58 | 59 |
| Reserves | 716 | 776 | 721 | 843 | 906 | 958 | 1,019 | 1,088 |
| Total liabilities | 4,588 | 5,076 | 5,719 | 6,698 | 7,265 | 7,396 | 7,628 | 8,186 |
| Fixed assets | 175 | 478 | 432 | 471 | 491 | 629 | 955 | 568 |
| Total assets | 6,844 | 7,619 | 8,241 | 9,356 | 10,084 | 10,314 | 10,861 | 11,575 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 457 | 451 | 470 | 250 | 55 | 440 | 912 | 578 |
| Cash from investing | -532 | -838 | -632 | -622 | -547 | -695 | -1,027 | -916 |
| Cash from financing | 89 | 372 | 160 | 379 | 501 | 261 | 124 | 345 |
| Net cash flow | 14 | -16 | -2 | 7 | 9 | 5 | 9 | 6 |
| Capital expenditure | -499 | -823 | -638 | -625 | -552 | -662 | -861 | -922 |
| Free cash flow | -43 | -372 | -168 | -375 | -497 | -222 | 51 | -344 |
SR revenue by segment
| Segment | Q2 FY2024 | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|
| Gas Utility | — | 90% | 92% | 92% | 82% | 83% | 91% | +13.0% |
| Gas Marketing | 4% | — | 5% | 5% | 10% | 8% | 5% | +24.5% |
| Midstream | 1% | 5% | 3% | 3% | 7% | 9% | 4% | +20.2% |
| All Other Segments | — | — | <1% | <1% | <1% | <1% | <1% | +233.3% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
51 filings between Nov 3, 2025 and Aug 10, 2026.
Open market
decisions to buy or sellPurchases
$251.1K
3 purchases by 1 insider
Sales
$307.7K
1 sale by 1 insider
Compensation
not trading decisions- 28
- Award — granted as compensation
- 17
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 code i, 1 other.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Hyman Ryan L | — | $307.7K | Jun 9, 2026 |
| KOONCE PAUL D | $251.1K | — | Jun 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Aug 10, 2026 | Krick Timothy W VP, Chief Accounting Officer | Award | 1,230 | $99.7K |
| Jun 15, 2026 | Woodard Adam W. Treasurer | Code I | 1,100 | $86.5K |
| Jun 11, 2026 | KOONCE PAUL D Director | Purchase | 500 | $39.2K |
| Jun 9, 2026 | Hyman Ryan L SVP, CCIO | Sale | 3,822 | $307.7K |
| Jun 1, 2026 | KOONCE PAUL D Director | Purchase | 500 | $40.3K |
| May 8, 2026 | KOONCE PAUL D Director | Purchase | 2,000 | $171.6K |
| Feb 13, 2026 | KOONCE PAUL D Director | Other | 8,846 | $221.2K |
| Feb 5, 2026 | Jones Rob L. Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | Ferrari Vincent J Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | Newberry Brenda D Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | Hightman Carrie J Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | KOONCE PAUL D Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | BORER MARK A Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | Fogarty Maria V. Director | Award | 1,640 | $139.8K |
| Feb 5, 2026 | Cook Sheri S Director | Award | 1,640 | $139.8K |
| Jan 20, 2026 | Doyle Scott Edward CEO and President | Tax withheld | 1,359 | $113.6K |
| Nov 18, 2025 | Hyman Ryan L SVP, CCIO | Tax withheld | 363 | $31.3K |
| Nov 18, 2025 | Hyman Ryan L SVP, CCIO | Award | 760 | $65.5K |
| Nov 18, 2025 | Aplington Matthew J SVP, Chief Legal Officer | Tax withheld | 93 | $8.0K |
| Nov 18, 2025 | Aplington Matthew J SVP, Chief Legal Officer | Award | 711 | $61.3K |
| Nov 18, 2025 | Aplington Matthew J SVP, Chief Legal Officer | Award | 1,450 | $124.9K |
| Nov 18, 2025 | Vomund Courtney M. SVP, CAO and Corp Secretary | Tax withheld | 148 | $12.8K |
| Nov 18, 2025 | Vomund Courtney M. SVP, CAO and Corp Secretary | Award | 1,177 | $101.4K |
| Nov 18, 2025 | Vomund Courtney M. SVP, CAO and Corp Secretary | Tax withheld | 495 | $42.6K |
| Nov 18, 2025 | Vomund Courtney M. SVP, CAO and Corp Secretary | Award | 970 | $83.6K |
| Nov 18, 2025 | Krick Timothy W VP, Chief Accounting Officer | Tax withheld | 177 | $15.3K |
| Nov 18, 2025 | Krick Timothy W VP, Chief Accounting Officer | Award | 1,421 | $122.4K |
| Nov 18, 2025 | Krick Timothy W VP, Chief Accounting Officer | Tax withheld | 598 | $51.5K |
| Nov 18, 2025 | Krick Timothy W VP, Chief Accounting Officer | Award | 440 | $37.9K |
| Nov 18, 2025 | Greenley Steven C. Executive VP and COO | Award | 1,870 | $161.1K |
| Nov 18, 2025 | Lalov Boyan N. Vice President and Treasurer | Tax withheld | 41 | $3.5K |
| Nov 18, 2025 | Lalov Boyan N. Vice President and Treasurer | Award | 477 | $41.1K |
| Nov 18, 2025 | Lalov Boyan N. Vice President and Treasurer | Tax withheld | 136 | $11.7K |
| Nov 18, 2025 | Lalov Boyan N. Vice President and Treasurer | Award | 290 | $25.0K |
| Nov 18, 2025 | Aplington Matthew J SVP, Chief Legal Officer | Tax withheld | 314 | $27.1K |
| Nov 18, 2025 | Doyle Scott Edward CEO and President | Award | 6,380 | $549.7K |
| Nov 18, 2025 | Woodard Adam W. Treasurer | Tax withheld | 146 | $12.6K |
| Nov 18, 2025 | Woodard Adam W. Treasurer | Award | 1,476 | $127.2K |
| Nov 18, 2025 | Woodard Adam W. Treasurer | Tax withheld | 488 | $42.0K |
| Nov 18, 2025 | Woodard Adam W. Treasurer | Award | 1,700 | $146.5K |
| Nov 18, 2025 | Hampton Joseph B. VP, Pres., Spire AL, MS & Gulf | Tax withheld | 117 | $10.1K |
| Nov 18, 2025 | Hampton Joseph B. VP, Pres., Spire AL, MS & Gulf | Award | 1,324 | $114.1K |
| Nov 18, 2025 | Hampton Joseph B. VP, Pres., Spire AL, MS & Gulf | Tax withheld | 389 | $33.5K |
| Nov 18, 2025 | Hampton Joseph B. VP, Pres., Spire AL, MS & Gulf | Award | 520 | $44.8K |
| Nov 18, 2025 | Mills Stephen M SVP, President, Spire MO | Tax withheld | 83 | $7.2K |
| Nov 18, 2025 | Mills Stephen M SVP, President, Spire MO | Award | 588 | $50.7K |
| Nov 18, 2025 | Mills Stephen M SVP, President, Spire MO | Tax withheld | 277 | $23.9K |
| Nov 18, 2025 | Mills Stephen M SVP, President, Spire MO | Award | 710 | $61.2K |
| Nov 18, 2025 | Hyman Ryan L SVP, CCIO | Tax withheld | 109 | $9.4K |
| Nov 18, 2025 | Hyman Ryan L SVP, CCIO | Award | 1,238 | $106.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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