What move does the options market price into Spire Missouri's report?

Implied ±0.8%, either direction.

How often does Spire Missouri move more than the options market prices?

0 of the last 8 reports moved at least as far as the implied move.

SRNYSENatural Gas Distribution

Spire Missouri Inc (SR) earnings date, market-implied expected move, and options open interest by expiry

88.97

+0.10 · +0.12%

post 88.04 −1.05%

Closed15:59 ET

Open88.46Volume556,756Mkt cap$5.3BP/E19.14EPS4.60Div yield3.71%

Day88.04 – 88.970%52-wk74.84 – 93.3871%

Spire Inc

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±0.8%implied · report alone

8Q avg ±1.4%·×0.58·cheap

87.3188.71

straddle ±3.7%

spot 88.01exp Nov 20ATM strike 90ATM straddle 3.80IV 23%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 17

before open · in 13 days

confirmedQ4 FY26

Calendar

Next report

Last report

+1.53%

vs ±4.5% implied · ×0.34

shaded = implied · ▲▼ = realized

Aug 5 '26 · confirmed

Implied vs realized

Largest filed tie

—

Supply chain

13F top-10 QoQ

+3.26%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

393 managers

Top fund weight

0.14%

SR weight · IWM

N-PORTJun 30 '26

5 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Spire Missouri (SR) reports on Nov 17 before open (confirmed date).

Implied vs realized

8 reports

0 of 8≥ implied

avg implied: ±5.5%
avg realized: ±1.4%

May 1 '24May 1 '24confirmed±7.5%▲+0.18%×0.02

Jul 31 '24Jul 31 '24confirmed±6.5%▼−1.46%×0.23

Nov 20 '24Nov 20 '24confirmed±6.7%▲+0.68%×0.10

Feb 5 '25Feb 5 '25confirmed±5.8%▲+0.24%×0.04

Nov 14 '25Nov 14 '25confirmed±2.9%▼−2.42%×0.83

Q1 FY25Feb 3 '26confirmed±5.0%▼−0.49%×0.10

Q2 FY26May 6 '26confirmed±4.7%▼−4.01%×0.86

Aug 5 '26Aug 5 '26confirmed±4.5%▲+1.53%×0.34

quarterimplied−10%0+10%realized×

Aug '26±4.5%▲+1.53%×0.34

Q2 FY26±4.7%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 2 expiries · Oct 20 close

2.11OI · 2 expiries · Oct 20 closeP/C open interest · Dec 18 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

570%Dec 1844d27+4%

140%Mar 19135d0.25560%0.25

ExpiryPutsCallsP/C

Dec 1844d570%27+4%2.11

Mar 19135d140%560%0.25

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±3.7%

Funds 4

IWM±0.0%

MDY±0.0%

UWM±0.0%

VTI±0.0%

Dashed = straddleMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY26

27.67%as filednet margin · revenue +33.82% QoQ · +4.47% YoY

Revenue

$1.0B+33.82% QoQ

Gross profit

$471M+84.82% QoQ

46.19% margin

Operating income

$304M+74.93% QoQ

29.75% margin

Pre-tax income

$270M+128.29% QoQ

Net income

$282M+197.05% QoQ

27.67% margin

Cost of revenue

$549M+8.20% QoQ

Operating expenses

$172M+110.69% QoQ

Depreciation $85M

Other operating $83M

Other operating $4M

Other expense

$29M

Tax

$53M+125.21% QoQ

Revenue$1.0B+33.82%

Gross profit

$471M+84.82%

46.19% margin

Operating income

$304M+74.93%

29.75% margin

Pre-tax income

$270M+128.29%

Net income

$282M+197.05%

27.67% margin

Cost of revenue

$549M+8.20%

Operating expenses

$172M+110.69%

Depreciation $85M

Other operating $83M

Other operating $4M

Other expense

$29M

Tax$53M+125.21%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Mar 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 16:00 ET

Intraday

Event sensitivity

FOMC ×1.39· ±1.3% vs ±1.0% · 24 releases

eventrelease day|move|up · n×base

FOMCrate decision±1.3%9 of 24×1.39

NFPjobs report±1.2%7 of 10×1.21

GDPgross domestic product±1.0%10 of 19×1.10

PCEpersonal income & outlays±1.0%11 of 19×1.02

PPIproducer prices±0.9%4 of 10×0.91

CPROFcorporate profits±0.8%6 of 12×0.86

CPIconsumer prices±0.7%5 of 10×0.70

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 4.60 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY26	May 6 '26 · confirmed	4.60	—
Q1 FY26	—	1.54	—
Q1 FY25	Feb 3 '26 · confirmed	1.54	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod