SPIRE INC (SR) FY2025 10-K Annual Report

Filed: Nov 14, 2025
Utilities
Natural Gas DistributionSEC EDGAR

SPIRE INC (SR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Nov 14, 2025. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

SPIRE INC FY2025 10-K Analysis

Management Discussion & Analysis

  • Revenue $2,476.4M in FY25, down $116.6M YoY, mainly from Gas Utility revenue decline of $230.3M offset by Gas Marketing and Midstream increases
  • Operating income $523.9M in FY25 vs $488.3M in FY24; Gas Utility contribution margin up $37.5M; midstream net income increased $24.6M
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SPIRE INC FY2025 Key Financial Metrics
XBRL

Revenue

$2.5B

-4.5% YoY

Net Income

$272M

+8.3% YoY

Operating Margin

21.2%

+232bp YoY

Net Margin

11.0%

+130bp YoY

ROE

8.0%

+25bp YoY

Total Assets

$11.6B

+6.6% YoY

EPS (Diluted)

$4.37

+4.3% YoY

Operating Cash Flow

$578M

-36.7% YoY

Source: XBRL data from SPIRE INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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