SPIRE ALABAMA INC

For the period ended Jun 30, 2025. Filed Aug 5, 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.

Jun 30, 2025 · Filed Aug 5, 2025

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

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Contents

Condensed Consolidated Balance Sheets

	June 30,	September 30,	June 30,
(Dollars in millions, except per share amounts)	2025	2024	2024
ASSETS
Utility Plant	$9,236.2	$8,779.1	$8,612.9
Less: Accumulated depreciation and amortization	2,571.8	2,535.8	2,510.4
Net Utility Plant	6,664.4	6,243.3	6,102.5
Non-utility Property (net of accumulated depreciation and amortization of $119.9, $96.8 and $90.1 at June 30, 2025, September 30, 2024, and June 30, 2024, respectively)	1,011.2	955.3	917.9
Other Investments	125.4	115.3	112.1
Total Other Property and Investments	1,136.6	1,070.6	1,030.0
Current Assets:
Cash and cash equivalents	13.1	4.5	7.4
Accounts receivable:
Utility	228.0	196.3	238.4
Other	163.8	112.5	113.4
Allowance for credit losses	(33.8)	(31.4)	(33.2)
Delayed customer billings	18.3	12.0	26.8
Inventories:
Natural gas	169.9	208.6	175.0
Propane gas	8.6	8.6	8.6
Materials and supplies	46.4	46.7	46.5
Regulatory assets	35.0	115.4	89.8
Prepayments	60.6	47.6	59.3
Other	70.2	50.5	93.8
Total Current Assets	780.1	771.3	825.8
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,293.4	1,251.8	1,282.8
Other	350.2	352.1	298.2
Total Deferred Charges and Other Assets	2,815.2	2,775.5	2,752.6
Total Assets	$11,396.3	$10,860.7	$10,710.9

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	June 30,	September 30,	June 30,
	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 June 30, 2025, September 30, 2024, and June 30, 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 June 30, 2025, September 30, 2024, and June 30, 2024, respectively)	59.0	57.7	57.7
Paid-in capital	1,979.2	1,902.2	1,901.5
Retained earnings	1,179.5	1,018.7	1,093.4
Accumulated other comprehensive income	20.5	12.1	38.6
Total Shareholders' Equity	3,480.2	3,232.7	3,333.2
Temporary equity	5.2	8.6	8.6
Long-term debt (less current portion)	3,498.4	3,704.4	3,422.3
Total Capitalization	6,983.8	6,945.7	6,764.1
Current Liabilities:
Current portion of long-term debt	392.5	42.0	307.0
Notes payable	1,009.5	947.0	771.0
Accounts payable	240.2	237.2	205.2
Advance customer billings	29.4	48.4	17.1
Wages and compensation accrued	39.6	51.5	41.5
Customer deposits	32.6	29.9	29.5
Taxes accrued	91.9	105.2	90.8
Regulatory liabilities	48.6	49.5	37.9
Other	202.2	193.2	209.8
Total Current Liabilities	2,086.5	1,703.9	1,709.8
Deferred Credits and Other Liabilities:
Deferred income taxes	900.4	808.4	819.6
Pension and postretirement benefit costs	105.0	146.7	128.5
Asset retirement obligations	598.6	579.9	596.0
Regulatory liabilities	582.0	535.5	547.5
Other	140.0	140.6	145.4
Total Deferred Credits and Other Liabilities	2,326.0	2,211.1	2,237.0
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$11,396.3	$10,860.7	$10,710.9

ContentsView on SEC.gov

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