SRJN — what changed in the latest 10-Q
A section-by-section comparison of SRJN's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-05 vs the prior 10-Q · 2026-05-06
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +56 | −56 | ~46 | 44 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 10 |
| Controls & procedures | No paragraph-level changes | 0 | 0 | 0 | 10 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 10 |
| Risk factors | No paragraph-level changes | 0 | 0 | 0 | 10 |
| Other information | No paragraph-level changes | 0 | 0 | 0 | 10 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-05
The satisfaction of conditions to, and the timing and completion of, the pending sale of Spire Mississippi (including receipt of required regulatory approvals), and Spire’s ability to realize the anticipated benefits of, and successfully integrate or separate from, the recently completed Piedmont Te…
Acquisition of Tennessee Piedmont Natural Gas business. On March 31, 2026, Spire completed the acquisition of the Tennessee natural gas business of Piedmont, a wholly owned subsidiary of Duke Energy, for a total cash purchase price of $2.50 billion. Upon closing, Piedmont's Tennessee business began …
Net income for the quarter was $211.2 versus $20.9 in the prior-year quarter. The increase was largely due to the increase in net income from discontinued operations, driven by the $254.6 after-tax gain related to the sale Spire Marketing and Spire Storage. The $29.3 increase in net loss from contin…
The following tables reconcile the Company’s adjusted earnings to the most comparable GAAP number, net income.
* Includes transaction, transition and financing costs for the Piedmont Tennessee Transaction.
Text removed vs the prior filing · source: 10-Q · 2026-05-06
The satisfaction of conditions to, and the timing and completion of, the announced dispositions (including receiptof required regulatory approvals).
Acquisition of Tennessee Piedmont Natural Gas business. On March 31, 2026, Spire completed the acquisition of the Tennessee assets of Piedmont Natural Gas, a wholly-owned subsidiary of Duke Energy, to acquire its Tennessee natural gas business for a total cash purchase price of $2.50 billion. The Co…
Net income for the quarter was $282.2 versus $209.3 in the prior-year quarter. The increase was driven by the continuing operations of our utilities, which increased by $36.6, partially offset by higher corporate expenses and pipeline operations, net, of $8.3, combined with discontinued operations, …
Other income increased $1.4 versus the prior-year quarter. The principal driver of the variance was favorable interest income that was only partly offset with unfavorable investment activity with non-qualified benefit trusts.
The increase in Gas Utility operating revenues was attributable to the following factors:
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice