SPIRE ALABAMA INC
For the period ended Sep 30, 2025. Filed Nov 14, 2025.
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FY2025 · Filed Nov 14, 2025
SR$88.86+0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Balance Sheets
| (Dollars in millions, except per share amounts) | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Utility Plant | $5,864.3 | $5,420.2 |
| Less: Accumulated depreciation and amortization | 1,104.6 | 1,086.0 |
| Net Utility Plant | 4,759.7 | 4,334.2 |
| Other Property and Investments | 75.8 | 70.1 |
| Current Assets: | ||
| Accounts receivable: | ||
| Utility | 149.1 | 152.9 |
| Associated companies | 2.2 | 2.8 |
| Other | 34.0 | 22.2 |
| Allowance for credit losses | (23.0) | (24.9) |
| Delayed customer billings | 4.2 | 5.7 |
| Inventories: | ||
| Natural gas | 150.0 | 129.6 |
| Propane gas | 8.6 | 8.6 |
| Materials and supplies | 24.5 | 24.4 |
| Regulatory assets | 48.9 | 84.0 |
| Prepayments | 28.2 | 27.2 |
| Total Current Assets | 426.7 | 432.5 |
| Deferred Charges and Other Assets: | ||
| Goodwill | 210.2 | 210.2 |
| Regulatory assets | 653.2 | 588.0 |
| Other | 224.2 | 193.6 |
| Total Deferred Charges and Other Assets | 1,087.6 | 991.8 |
| Total Assets | $6,349.8 | $5,828.6 |
BALANCE SHEETS (continued)
| 2025 | 2024 | |
|---|---|---|
| CAPITALIZATION AND LIABILITIES | ||
| Capitalization: | ||
| Common stock (par value $1.00 per share; 50.0 million shares authorized; 26,822 and 25,855 issued and outstanding at September 30, 2025 and 2024, respectively) | $0.1 | $0.1 |
| Paid-in capital | 929.2 | 854.8 |
| Retained earnings | 1,239.1 | 1,110.8 |
| Accumulated other comprehensive loss | (0.7) | (2.0) |
| Total Shareholder's Equity | 2,167.7 | 1,963.7 |
| Long-term debt | 1,953.6 | 1,803.4 |
| Total Capitalization | 4,121.3 | 3,767.1 |
| Current Liabilities: | ||
| Notes payable – associated companies | 566.3 | 495.3 |
| Accounts payable | 98.9 | 92.0 |
| Accounts payable – associated companies | 21.4 | 7.6 |
| Advance customer billings | 43.2 | 35.5 |
| Wages and compensation accrued | 27.0 | 24.2 |
| Customer deposits | 7.2 | 6.1 |
| Taxes accrued | 65.8 | 60.2 |
| Regulatory liabilities | 13.9 | 10.2 |
| Other | 64.3 | 50.6 |
| Total Current Liabilities | 908.0 | 781.7 |
| Deferred Credits and Other Liabilities: | ||
| Deferred income taxes | 598.7 | 567.6 |
| Pension and postretirement benefit costs | 72.4 | 110.0 |
| Asset retirement obligations | 95.5 | 95.7 |
| Regulatory liabilities | 481.3 | 443.3 |
| Other | 72.6 | 63.2 |
| Total Deferred Credits and Other Liabilities | 1,320.5 | 1,279.8 |
| Commitments and Contingencies (Note 16) | ||
| Total Capitalization and Liabilities | $6,349.8 | $5,828.6 |
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