Spire (SRPA.PFD) Retained Earnings : $997.30 Mil (As of Dec. 2023)

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What is Spire Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Spire's retained earnings for the quarter that ended in Dec. 2023 was $997.30 Mil.

Spire's quarterly retained earnings declined from Jun. 2023 ($1,028.40 Mil) to Sep. 2023 ($958.00 Mil) but then increased from Sep. 2023 ($958.00 Mil) to Dec. 2023 ($997.30 Mil).

Spire's annual retained earnings increased from Sep. 2021 ($843.00 Mil) to Sep. 2022 ($905.50 Mil) and increased from Sep. 2022 ($905.50 Mil) to Sep. 2023 ($958.00 Mil).

Spire Retained Earnings Historical Data

The historical data trend for Spire's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Spire Retained Earnings Chart

Spire Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Retained Earnings

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775.50

720.70

843.00

905.50

958.00

Spire Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															953.00	1,089.50	1,028.40	958.00	997.30

Spire Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Spire (NYSE:SRpA.PFD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Spire (SRPA.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Spire Inc (NYSE:SRpA.PFD) » Definitions » Retained Earnings

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Traded in Other Exchanges

SRCU:USA SR:USA LGR:Germany

Address

700 Market Street, Saint Louis, MO, USA, 63101

Website

https://www.spireenergy.com

Spire Inc is a public utility holding company with three reportable business segments: Gas Utility , Gas Marketing and Midstream. The Gas Utility segment includes the regulated operations of Laclede Gas, Alabama Gas Corporation (Alagasco), and EnergySouth Inc. The Utilities businesses operations include the purchase, retail, distribution, and sale of natural gas in Missouri, Alabama, and Mississippi. The Gas Utility segment generates a majority of the company's revenue but is subject to seasonal fluctuations. The Gas Marketing segment includes Laclede Energy Resources, Inc, whose operations include the marketing of natural gas and related activities on a non-regulated basis and the Midstream segment includes transportation and storage of natural gas.