Spire (SR) Revenue & Revenue Breakdown

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Spire Revenue Highlights

Latest Revenue (Y)

$2.48B

Latest Revenue (Q)

$421.90M

Main Segment (Y)

Gas Utility

Main Geography (Y)

Midstream

Spire Revenue by Period

Spire Revenue by Year

Date	Revenue	Change
2025-09-30	$2.48B	-4.50%
2024-09-30	$2.59B	-2.75%
2023-09-30	$2.67B	21.28%
2022-09-30	$2.20B	-1.66%
2021-09-30	$2.24B	20.49%
2020-09-30	$1.86B	-4.97%
2019-09-30	$1.95B	-0.64%
2018-09-30	$1.97B	12.89%
2017-09-30	$1.74B	13.23%
2016-09-30	$1.54B	-22.22%
2015-09-30	$1.98B	21.46%
2014-09-30	$1.63B	60.00%
2013-09-30	$1.02B	-9.64%
2012-09-30	$1.13B	-29.80%
2011-09-30	$1.60B	-7.59%
2010-09-30	$1.74B	-8.45%
2009-09-30	$1.90B	-14.20%
2008-09-30	$2.21B	9.27%
2007-09-30	$2.02B	1.20%
2006-09-30	$2.00B	25.08%
2005-09-30	$1.60B	27.73%
2004-09-30	$1.25B	19.04%
2003-09-30	$1.05B	39.07%
2002-09-30	$755.24M	-24.64%
2001-09-30	$1.00B	77.01%
2000-09-30	$566.13M	15.16%
1999-09-30	$491.60M	-10.16%
1998-09-30	$547.20M	-9.22%
1997-09-30	$602.80M	10.65%
1996-09-30	$544.80M	-

Spire generated $2.48B in revenue during NA 2025, up -4.50% compared to the previous quarter, and up 133.47% compared to the same period a year ago.

Spire Revenue by Quarter

Date	Revenue	Change
2025-06-30	$421.90M	-59.87%
2025-03-31	$1.05B	57.12%
2024-12-31	$669.10M	127.74%
2024-09-30	$293.80M	-29.05%
2024-06-30	$414.10M	-63.31%
2024-03-31	$1.13B	49.15%
2023-12-31	$756.60M	143.75%
2023-09-30	$310.40M	-25.83%
2023-06-30	$418.50M	-62.75%
2023-03-31	$1.12B	38.01%
2022-12-31	$814.00M	159.07%
2022-09-30	$314.20M	-29.87%
2022-06-30	$448.00M	-49.14%
2022-03-31	$880.90M	58.61%
2021-12-31	$555.40M	91.39%
2021-09-30	$290.20M	-11.47%
2021-06-30	$327.80M	-70.33%
2021-03-31	$1.10B	115.55%
2020-12-31	$512.60M	103.49%
2020-09-30	$251.90M	-21.55%
2020-06-30	$321.10M	-55.12%
2020-03-31	$715.50M	26.21%
2019-12-31	$566.90M	151.29%
2019-09-30	$225.60M	-29.79%
2019-06-30	$321.30M	-60.01%
2019-03-31	$803.50M	33.47%
2018-12-31	$602.00M	151.67%
2018-09-30	$239.20M	-31.77%
2018-06-30	$350.60M	-56.90%
2018-03-31	$813.40M	44.78%
2017-12-31	$561.80M	117.16%
2017-09-30	$258.70M	-20.03%
2017-06-30	$323.50M	-51.24%
2017-03-31	$663.40M	33.99%
2016-12-31	$495.10M	77.26%
2016-09-30	$279.30M	12.03%
2016-06-30	$249.30M	-59.08%
2016-03-31	$609.30M	52.55%
2015-12-31	$399.40M	95.59%
2015-09-30	$204.20M	-25.80%
2015-06-30	$275.20M	-68.63%
2015-03-31	$877.40M	41.61%
2014-12-31	$619.60M	178.72%
2014-09-30	$222.30M	-8.06%
2014-06-30	$241.80M	-65.18%
2014-03-31	$694.50M	48.21%
2013-12-31	$468.61M	218.54%
2013-09-30	$147.11M	-11.00%
2013-06-30	$165.29M	-58.43%
2013-03-31	$397.61M	29.51%
2012-12-31	$307.00M	81.08%
2012-09-30	$169.54M	-9.26%
2012-06-30	$186.85M	-47.83%
2012-03-31	$358.18M	-12.83%
2011-12-31	$410.91M	51.60%
2011-09-30	$271.05M	-21.27%
2011-06-30	$344.28M	-36.69%
2011-03-31	$543.78M	22.42%
2010-12-31	$444.20M	56.39%
2010-09-30	$284.03M	-12.47%
2010-06-30	$324.51M	-48.92%
2010-03-31	$635.33M	29.35%
2009-12-31	$491.17M	-

Spire generated $421.90M in revenue during Q3 2025, up -59.87% compared to the previous quarter, and up 37.39% compared to the same period a year ago.

Spire Revenue Breakdown

Spire Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Sep 25	Sep 24	Sep 23	Sep 22	Sep 21
Gas Marketing	$157.20M	$99.20M	$179.10M	$234.90M	-
Midstream	$155.50M	$100.70M	$66.10M	-	-
Gas Utility	$2.21B	$2.44B	$2.46B	$1.95B	-
Other Segments	-	$17.60M	$16.70M	$69.20M	-
Other Operating Segment	-	$17.60M	-	-	-
Transportation	-	-	-	-	$33.50M
Off System And Other Incentive	-	-	-	-	$145.60M
Other Customer Revenue	-	-	-	-	$16.30M
Residential	-	-	-	-	$882.10M
Commercial And Industrial	-	-	-	-	$436.10M

Spire's latest annual revenue breakdown by segment (product or service), as of Sep 25: Gas Utility (87.59%), Gas Marketing (6.24%), and Midstream (6.17%).

Quarterly Revenue by Product

Product/Service	Sep 25	Jun 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20
Midstream	$79.80M	$42.20M	$33.50M	$31.80M	$32.50M	$21.50M	$14.90M	$34.00M	$17.40M	$16.50M	$15.20M	-	-	-	-	-	-	-	-	-
Gas Utility	$1.25B	$347.50M	$613.50M	$277.30M	$372.70M	$1.07B	$715.20M	$10.06B	$387.50M	$1.50M	$400.00K	$9.00M	-	-	-	-	-	-	-	-
Gas Marketing	$81.10M	$43.10M	$33.00M	-	$21.20M	$46.00M	$36.30M	$63.90M	$23.10M	$60.60M	$74.10M	$63.50M	-	-	-	-	-	-	-	-
Other Segments	-	-	$4.70M	$4.10M	$8.60M	$4.30M	$4.10M	$4.00M	$15.80M	-	-	-	-	-	-	-	-	-	-	-
Other Operating Segment	-	-	$4.70M	$8.70M	$4.80M	$4.10M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Commercial and Industrial	-	-	-	-	-	-	-	-	-	-	-	-	$150.00M	-	-	-	-	-	-	-
Residential	-	-	-	-	-	-	-	-	-	-	-	-	-	$529.10M	$247.10M	$109.30M	$144.40M	$365.40M	$263.00M	$99.40M
Transportation	-	-	-	-	-	-	-	-	-	-	-	-	-	$10.10M	$9.20M	$7.20M	$7.40M	$9.90M	$9.00M	$6.80M
Other Customer Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.60M	$2.30M	$28.90M	$2.00M	$-17.50M	$2.90M	$17.70M
Off System And Other Incentive	-	-	-	-	-	-	-	-	-	-	-	-	-	$11.30M	$4.50M	$5.20M	$4.50M	$128.50M	$7.40M	$8.80M
Commercial And Industrial	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$68.20M	$27.20M	$35.00M	$304.00M	$69.90M	$25.50M

Spire's latest quarterly revenue breakdown by segment (product or service), as of Sep 25: Gas Utility (88.57%), Gas Marketing (5.76%), and Midstream (5.67%).

Spire Revenue Breakdown by Country

Annual Revenue by Country

Country	Sep 25	Sep 24	Sep 23
Midstream	$155.50M	$100.70M	$66.10M

Spire's latest annual revenue breakdown by geography, as of Sep 25: Midstream (100.00%).

Quarterly Revenue by Country

Country	Sep 25	Jun 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22
Midstream	$113.30M	$42.20M	$33.50M	$31.80M	$32.50M	$21.50M	$14.90M	$50.60M	$7.70M	$8.20M	$6.80M

Spire's latest quarterly revenue breakdown by geography, as of Sep 25: Midstream (100.00%).

Spire Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
NI	NiSource	$5.46B	$1.27B
SWX	Southwest Gas	$5.11B	$316.91M
SR	Spire	$2.48B	$421.90M
OGS	ONE Gas	$2.37B	$379.13M
NJR	New Jersey Resources	$2.04B	$298.95M
ALE	ALLETE	$1.53B	$375.00M
NWE	Northwestern Energy Group	$1.51B	$386.95M
NWN	Northwest Natural	$1.15B	$164.73M
CPK	Chesapeake Utilities	$787.20M	$179.60M

SR Revenue FAQ

What is Spire’s yearly revenue?

Spire's yearly revenue for 2025 was $2.48B, representing a decrease of -4.50% compared to 2024. The company's yearly revenue for 2024 was $2.59B, representing a decrease of -2.75% compared to 2023. SR's yearly revenue for 2023 was $2.67B, representing an increase of 21.28% compared to 2022.

What is Spire’s quarterly revenue?

Spire's quarterly revenue for Q3 2025 was $421.9M, a -59.87% decrease from the previous quarter (Q2 2025), and a 1.88% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $1.05B, a 57.12% increase from the previous quarter (Q1 2025), and a -6.84% decrease year-over-year (Q2 2024). SR's quarterly revenue for Q1 2025 was $669.1M, a 127.74% increase from the previous quarter (Q4 2024), and a -11.56% decrease year-over-year (Q1 2024).

What is Spire’s revenue growth rate?

Spire's revenue growth rate for the last 3 years (2023-2025) was -7.12%, and for the last 5 years (2021-2025) was 10.78%.

What are Spire’s revenue streams?

Spire's revenue streams in p 25 are Gas Marketing, Midstream, and Gas Utility. Gas Marketing generated $157.2M in revenue, accounting 6.24% of the company's total revenue, up 58.47% year-over-year. Midstream generated $155.5M in revenue, accounting 6.17% of the company's total revenue, up 54.42% year-over-year. Gas Utility generated $2.21B in revenue, accounting 87.59% of the company's total revenue, down -9.45% year-over-year.

What is Spire’s main source of revenue?

For the fiscal year ending Sep 25, the largest source of revenue of Spire was Gas Utility. This segment made a revenue of $2.21B, representing 87.59% of the company's total revenue.