{
  "url": "https://struct.news/briefs/spires-911-profit-jump-came-mostly-from-a-business-sale",
  "title": "Spire’s 911% profit jump came mostly from a business sale",
  "summary": "Operating income rose just $1.3 million as a rate case lifted contribution margin by $17.5 million.",
  "published_at": "2026-08-05T16:01:46.078838+00:00",
  "publisher": "Struct",
  "usage": "Figures are as reported by the company. Quote with attribution to the source filing.",
  "company": {
    "name": "Spire Inc.",
    "ticker": "SR",
    "cik": "1193125",
    "sector": "Utilities",
    "industry": "Utilities - Regulated Gas"
  },
  "source_filing": {
    "form": "10-Q",
    "filed": "2026-08-05",
    "accession": "0001193125-26-334335",
    "url": "https://www.sec.gov/Archives/edgar/data/1126956/000119312526334335/sr-20260630.htm"
  },
  "comparison_filing": {
    "form": "10-Q",
    "filed": "2025-08-05",
    "url": "https://www.sec.gov/Archives/edgar/data/1126956/000095017025102597/sr-20250630.htm"
  },
  "reported_figures": [
    {
      "group": "The filing in three numbers",
      "label": "Revenue",
      "value": 2476400000,
      "display": "$2.5B",
      "unit": "usd",
      "period": "2025-09-30",
      "detail": null,
      "source": {
        "kind": "sec_filing",
        "label": "Filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-334335",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Revenue YoY",
      "value": -4.49672194369456,
      "display": "-4.5%",
      "unit": "percent",
      "period": "2025-09-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-334335",
        "filing_date": "2026-08-05"
      }
    },
    {
      "group": "The filing in three numbers",
      "label": "Operating margin",
      "value": 21.155709901469876,
      "display": "+21.2%",
      "unit": "percent",
      "period": "2025-09-30",
      "detail": null,
      "source": {
        "kind": "jodie_calculation",
        "label": "Calculated from filed company results",
        "form": "10-Q",
        "accession": "0001193125-26-334335",
        "filing_date": "2026-08-05"
      }
    }
  ],
  "watch_next": [
    {
      "type": "capital_investment",
      "statement": "Depreciation increased with Spire Tennessee operations, rate changes, and continued infrastructure capital expenditures across the utilities.",
      "importance": "medium",
      "evidence": "Depreciation and amortization expenses for the year-to-date ended June 30, 2026 were $41.1 higher than the same period in the prior year primarily driven by the $10.4 increase resulting from Spire Tennessee operations, rate changes at Spire Missouri and Spire Alabama",
      "source_date": "2026-08-05"
    }
  ],
  "related_tickers": [
    "SR"
  ],
  "disclaimer": "Descriptive reporting of filed results. Not investment advice, and contains no forecast or recommendation."
}