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- Net Income Driven By One-time Divestiture Gains (new) — The $211.2M net income includes a $254.6M after-tax gain from discontinued operations; continuing operations lost $42.6M.
- Debt Surge to Fund Acquisition (worsened) — Long-term debt increased 54% to $6.04B, with $31M in acquisition-related financing costs this quarter.
Spire's net income soars 910.5% to $211.2M on divestiture gains, not operations
Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read
Key Changes
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high
Net income jumped 910.5% to $211.2M, but the gain came from a $254.6M after-tax gain on selling Spire Marketing and Spire Storage, not from operations.
MD&A: Net income verify on EDGAR → -
high
Operating income rose only 6% to $23.4M, while net loss from continuing operations widened to $42.6M from $13.3M, driven by acquisition costs and higher interest.
MD&A: Continuing operations verify on EDGAR → -
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Spire completed the $2.5B acquisition of Piedmont's Tennessee gas business and sold Spire Marketing ($212M) and Spire Storage ($657M), shifting to a single Gas Utility segment.
MD&A: Acquisitions & divestitures verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 1, 2026 · How we verify