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Get filing alertsSpire recasts FY2025 financials to reflect asset sales as discontinued operations
Filed July 8, 2026 · Period ending July 8, 2026 · ~1 min read
Key Changes
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high
Spire reclassified Spire Marketing and Spire Storage as discontinued operations following recent asset sales; consolidated net income, assets, equity, and cash flows unchanged from prior reports.
Item 7.01 — Regulation FD Disclosure verify on EDGAR → -
high
Company has additional announced dispositions pending regulatory approvals and closing conditions; timing and benefit realization remain uncertain.
Exhibit 99.1 view on EDGAR → -
medium
Spire incurred $15.2M in acquisition expenses during Q4 and full-year FY2025 ($11.6M after tax), excluded from adjusted earnings.
Exhibit 99.1 view on EDGAR → -
low
Spire MoGas and Spire STL Pipeline reclassified from Midstream segment to Other; Spire Mississippi remains in continuing operations.
Item 7.01 — Regulation FD Disclosure verify on EDGAR →
Summary
Spire disclosed a presentational recast of its fiscal 2025 quarterly financials to reflect Spire Marketing and Spire Storage as discontinued operations following their sale.
The company emphasized this is purely an accounting presentation change under ASC 205-20, not a restatement or error correction—consolidated net income, total assets, stockholders' equity, and cash flows remain identical to previously reported figures. The recast provides investors a clearer view of ongoing operations separate from divested businesses.
The filing also reveals additional material dispositions in progress beyond the completed Spire Marketing and Spire Storage sales. These announced transactions remain subject to regulatory approvals and other closing conditions, with timing and benefit realization uncertain. Separately, Spire incurred $15.2 million in acquisition-related expenses during fiscal 2025, suggesting active M&A activity alongside the portfolio rationalization. The segment reporting changes—moving Spire MoGas and Spire STL Pipeline from Midstream to Other—are administrative adjustments tied to the discontinued operations treatment.
Section-by-Section Diff
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Continuing operations excludes results from Spire Marketing and Spire Storage due to the sale of the assets. Spire Mississippi is included in continuing operations. Spire MoGas and Spire STL Pipeline results, previously reflected in the Midstream segment, are now included in Other.
Spire has recast its fiscal 2025 earnings to reflect continuing operations after selling Spire Marketing and Spire Storage assets. The recast excludes results from these sold entities while keeping Spire Mississippi in continuing operations. Additionally, Spire MoGas and Spire STL Pipeline results have been reclassified from the Midstream segment to Other. This restatement provides investors with a clearer view of ongoing business performance separate from divested operations.
Added in current filing · view on EDGAR →
the satisfaction of conditions to, and the timing and completion of, the announced dispositions (including receipt of required regulatory approvals); our ability to realize anticipated benefits from completed and announced transactions
The company has announced dispositions that remain subject to regulatory approvals and other closing conditions. The forward-looking statements section identifies risks around timing, completion, and realization of anticipated benefits from these transactions. This suggests material asset sales are in progress beyond the completed Spire Marketing and Spire Storage divestitures.
Event · Item 7.01 — Regulation FD Disclosure
Item 7.01 — Regulation FD Disclosure filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
during the second quarter of fiscal 2026, management of Spire Inc. (the “Company”) determined that as a result of recent dispositions, the operations of Spire Marketing Inc. (“Spire Marketing”) and Spire Storage met the criteria for presentation as discontinued operations under Accounting Standards Codification Topic 205-20, Presentation of Financial Statements—Discontinued Operations (“ASC 205-20”).
Spire determined that Spire Marketing and Spire Storage now qualify as discontinued operations following recent dispositions. This is an accounting presentation change under ASC 205-20, not a restatement or amendment. The company has recast its fiscal 2025 quarterly financials to reflect this treatment for all periods presented.
Added in current filing · verify on EDGAR →
This reclassification is presentational only. Consolidated net income, total assets, stockholders’ equity, and cash flows as previously reported for each period are unchanged. This Current Report and the Exhibit attached hereto are not an amendment to, or a restatement of, the Company’s Annual Report on Form 10-K for the fiscal year ended September 30, 2025, nor do they revise any other information contained in that report.
The company emphasizes that these changes are purely presentational. Consolidated net income, total assets, stockholders' equity, and cash flows remain unchanged from previously reported figures. This is not a restatement or amendment to prior filings, meaning no errors are being corrected and no financial metrics are being revised.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
the Company revised its reportable segments, and results of Spire MoGas and Spire STL Pipeline, previously reflected in the Midstream segment, are now included in Other.
Spire revised its segment reporting structure. Spire MoGas and Spire STL Pipeline, which were previously part of the Midstream segment, are now reported in the Other category. This change accompanies the discontinued operations reclassification.
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Figures/quotes linked to EDGAR · Narrative written by AI · Jul 9, 2026 · How we verify