SPIRE INC

For the period ended Mar 31, 2025. Filed Apr 30, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed Apr 30, 2025

SR$88.86+0.1%Stored close · as of Nov 9, 2026

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Contents

Condensed Consolidated Balance Sheets

	March 31,	September 30,	March 31,
(Dollars in millions, except per share amounts)	2025	2024	2024
ASSETS
Utility Plant	$9,080.6	$8,779.1	$8,480.3
Less: Accumulated depreciation and amortization	2,575.1	2,535.8	2,509.3
Net Utility Plant	6,505.5	6,243.3	5,971.0
Non-utility Property (net of accumulated depreciation and amortization of $111.1, $96.8 and $115.9 at March 31, 2025, September 30, 2024, and March 31, 2024, respectively)	1,005.7	955.3	886.2
Other Investments	117.9	115.3	105.3
Total Other Property and Investments	1,123.6	1,070.6	991.5
Current Assets:
Cash and cash equivalents	15.2	4.5	25.6
Accounts receivable:
Utility	373.4	196.3	398.5
Other	193.3	112.5	107.3
Allowance for credit losses	(36.8)	(31.4)	(39.1)
Delayed customer billings	37.4	12.0	54.8
Inventories:
Natural gas	124.6	208.6	159.0
Propane gas	8.6	8.6	8.6
Materials and supplies	45.9	46.7	47.2
Regulatory assets	42.3	115.4	116.9
Prepayments	39.2	47.6	34.1
Other	64.7	50.5	92.8
Total Current Assets	907.8	771.3	1,005.7
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,287.2	1,251.8	1,272.7
Other	351.0	352.1	298.9
Total Deferred Charges and Other Assets	2,809.8	2,775.5	2,743.2
Total Assets	$11,346.7	$10,860.7	$10,711.4

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	March 31,	September 30,	March 31,
	2025	2024	2024
CAPITALIZATION AND LIABILITIES
Capitalization:
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at March 31, 2025, September 30, 2024, and March 31, 2024)	$242.0	$242.0	$242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 59.0 million, 57.7 million, and 57.7 million shares issued and outstanding at March 31, 2025, September 30, 2024, and March 31, 2024, respectively)	59.0	57.7	57.7
Paid-in capital	1,977.4	1,902.2	1,899.7
Retained earnings	1,207.6	1,018.7	1,155.3
Accumulated other comprehensive income	22.7	12.1	35.6
Total Shareholders' Equity	3,508.7	3,232.7	3,390.3
Temporary equity	9.3	8.6	10.3
Long-term debt (less current portion)	3,348.5	3,704.4	3,421.4
Total Capitalization	6,866.5	6,945.7	6,822.0
Current Liabilities:
Current portion of long-term debt	392.5	42.0	307.0
Notes payable	1,015.0	947.0	786.0
Accounts payable	283.5	237.2	193.4
Advance customer billings	16.1	48.4	6.1
Wages and compensation accrued	41.2	51.5	40.2
Customer deposits	32.2	29.9	29.4
Taxes accrued	81.0	105.2	82.6
Regulatory liabilities	51.6	49.5	25.1
Other	199.4	193.2	180.5
Total Current Liabilities	2,112.5	1,703.9	1,650.3
Deferred Credits and Other Liabilities:
Deferred income taxes	890.7	808.4	816.6
Pension and postretirement benefit costs	110.8	146.7	130.0
Asset retirement obligations	592.3	579.9	589.7
Regulatory liabilities	637.0	535.5	557.7
Other	136.9	140.6	145.1
Total Deferred Credits and Other Liabilities	2,367.7	2,211.1	2,239.1
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$11,346.7	$10,860.7	$10,711.4

ContentsView on SEC.gov

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