Short answer
SPIRE INC (SR) filed its fiscal 2025 10-K annual report with the SEC on Nov 14, 2025. It reported revenue of $2.5B (−4.5% year over year) and net income of $272M.
FY2025 key financial metrics · XBRL
- Revenue
- $2.5B
- −4.5% YoY
- Net income
- $272M
- +8.3% YoY
- Operating margin
- 21.2%
- +2.3 pp YoY
- EPS (diluted)
- $4.37
- +4.3% YoY
- ROE
- 8.0%
- +0.3 pp YoY
- Operating cash flow
- $578M
- −36.7% YoY
Source: XBRL data from the SPIRE INC (SR) FY2025 10-K on SEC EDGAR. USD.
SPIRE INC FY2025 10-K analysis
AI summary of each section, grounded in the filing text
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
- Best performing segment Midstream: adjusted earnings up $22.8M, driven by storage asset optimization and MoGas acquisition; worst Other segment loss $49.7M, $19.2M worse YoY due to acquisition activity and loss of interest gains
- Operating cash flow $578M in FY25, down $334.4M; investing cash outflows $916.4M, including capital expenditures increase of $61.1M; financing cash inflow $344.7M, up $220.8M including $478M debt increase
- Management expects $809M capital expenditures in FY26; plans $2.48B financing for Tennessee acquisition via balanced mix of debt, equity and hybrids; considering sale of storage assets for funding; liquidity deemed sufficient; watch interest expense from bridge financing and regulatory timing risks
Generated from the filing text; verify against the original. How to read a 10-K
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