NYSE$SR

Spire Inc. · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Spire reported fiscal Q2 2026 operating revenues of $1.02B and net income of $282.2M, or $4.60 diluted EPS.

For the quarter ended March 31, 2026 (fiscal Q2), Spire posted operating revenues of $1.02 billion and net income of $282.2 million, or $4.60 per diluted common share, up from $209.3 million and $3.51 in Q2 2025, aided by utility rate cases and marketing segment results.

  • Operating revenues $1.02B; net income $282.2M.
  • Diluted EPS $4.60 vs $3.51 prior year.
  • Gas utility net income up on rate implementation.
  • Spire Marketing contributed to discontinued-ops earnings swing.

Headline financials

Total Revenue

$1.02B

Previous: $1.05B-3.0%
EPS (adj)

$4.60

Previous: $3.52+30.7%
Net Income

$282M

Previous: $209M+34.8%
Operating Income

$304M

Previous: $306M-0.9%

Revenue & EPS history

Spire · Revenue · Quarterly

$1.02B

Q2 2026-3%vs Q2 2025
Beat estimate in 7 of 14 quarters(50%)
ActualEstimate

Revenue by segment

Spire · -$37.6M total across 4 segments · Q4 2023

  • Gas Marketing
    $2.6M+1097409.5%
  • Midstream
    $2.5M
  • Other
    -$8.7M
  • Gas Utility
    -$34M-20568763.0%

Forward guidance

Regulatory outcomes, weather-normalized volumes, and pending Spire Marketing sale shape forward earnings.

Tailwinds

  • Strong earnings growth year over year.
  • Regulated utility cash flows.

Headwinds

  • Weather and usage volatility.
  • Rate case lag in some jurisdictions.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2026

Historical avgQ2 2026

+0.2%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+0.2%

Avg return

30 days after

55%

38 / 69 earnings

Positive

+4.6%

Q1 2021

Best reaction

-3.8%

Q3 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-1.3%-4.6%-8.4%
Q1 2026-0.5%+0.9%+6.7%
Q4 2025-1.7%-4.5%-6.6%
Q2 2025-0.7%-1.3%-2.3%
Q1 2025+0.2%+1.2%+7.7%
Q4 2024+4.0%+8.0%-1.8%
Q3 2024-1.9%-5.4%-2.4%
Q2 2024-0.2%-1.0%-0.8%
Q1 2024+3.9%+2.1%+5.0%
Q4 2023+2.4%-0.3%+5.0%
Q3 2023-2.2%-2.0%-5.4%
Q2 2023+2.6%+2.5%-1.7%
Q1 2023+3.2%+4.1%-3.1%
Q4 2022-2.0%+3.5%-6.0%
Q3 2022-1.9%+1.4%-6.4%
Q2 2022+2.8%+0.8%+5.6%
Q1 2022-2.5%-4.0%+6.8%
Q4 2021+1.7%-0.2%+4.0%
Q3 2021-0.5%-1.8%-9.3%
Q2 2021+1.2%-3.2%-5.7%
Q1 2021+4.6%+3.2%+13.9%
Q4 2020-1.8%-0.3%-0.5%
Q3 2020-2.2%+0.5%-7.4%
Q2 2020+0.7%-3.6%+4.9%
Q1 2020+1.6%+1.8%-4.1%
Q4 2019+0.9%+0.4%+7.0%
Q3 2019-3.8%-4.7%-1.3%
Q2 2019+0.4%+1.3%-1.0%
Q1 2019-0.9%-2.0%+0.5%
Q4 2018+3.9%+4.7%+4.5%
Q3 2018+1.3%+4.7%+5.1%
Q2 2018-0.1%-2.0%-3.0%
Q1 2018-2.8%-7.8%+1.8%
Q4 2017+0.2%-0.5%-2.0%
Q3 2017+2.0%+2.6%+5.0%
Q2 2017+0.7%+2.6%+6.0%
Q1 2017-2.6%-3.5%+1.5%
Q4 2016+1.4%+2.5%+0.7%
Q3 2016-0.7%-1.4%-5.8%
Q2 2016+1.4%
Q1 2016+0.4%
Q4 2015+1.8%
Q3 2015+1.3%
Q2 2015+0.8%
Q1 2015+1.2%
Q4 2014+0.8%
Q3 2014-0.4%
Q2 2014+0.2%
Q1 2014+0.3%
Q4 2013+0.1%
Q3 2013+1.1%
Q2 2013-0.3%
Q1 2013-0.5%
Q4 2012-0.8%
Q3 2012-0.5%
Q2 2012-0.3%
Q1 2012+0.4%
Q4 2011-3.0%
Q3 2011+2.5%
Q2 2011+1.2%
Q1 2010-3.7%
Q1 2011-0.4%
Q4 2010+0.3%
Q4 2008+0.3%
Q3 2009+1.1%
Q3 2010+1.1%
Q4 2009-0.8%
Q2 2009-0.8%
Q2 2010-0.8%

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