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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Consolidated Balance Sheets
| (Dollars in millions, except per share amounts) | 2025 | 2024 |
|---|---|---|
| ASSETS | ||
| Utility Plant | $9,333.9 | $8,779.1 |
| Less: Accumulated depreciation and amortization | 2,577.4 | 2,535.8 |
| Net Utility Plant | 6,756.5 | 6,243.3 |
| Non-utility Property (net of accumulated depreciation and amortization of $129.4 and $96.8 at September 30, 2025 and 2024, respectively) | 1,007.2 | 955.3 |
| Other Investments | 128.0 | 115.3 |
| Total Other Property and Investments | 1,135.2 | 1,070.6 |
| Current Assets: | ||
| Cash and cash equivalents | 5.7 | 4.5 |
| Accounts receivable: | ||
| Utility | 191.9 | 196.3 |
| Other | 152.7 | 112.5 |
| Allowance for credit losses | (28.8) | (31.4) |
| Delayed customer billings | 13.6 | 12.0 |
| Inventories: | ||
| Natural gas | 226.9 | 208.6 |
| Propane gas | 8.6 | 8.6 |
| Materials and supplies | 47.0 | 46.7 |
| Regulatory assets | 78.3 | 115.4 |
| Prepayments | 47.8 | 47.6 |
| Other | 64.0 | 50.5 |
| Total Current Assets | 807.7 | 771.3 |
| Deferred Charges and Other Assets: | ||
| Goodwill | 1,171.6 | 1,171.6 |
| Regulatory assets | 1,323.5 | 1,251.8 |
| Other | 380.8 | 352.1 |
| Total Deferred Charges and Other Assets | 2,875.9 | 2,775.5 |
| Total Assets | $11,575.3 | $10,860.7 |
CONSOLIDATED BALANCE SHEETS (Continued)
| 2025 | 2024 | |
|---|---|---|
| CAPITALIZATION AND LIABILITIES | ||
| Capitalization: | ||
| Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at September 30, 2025 and 2024) | $242.0 | $242.0 |
| Common stock (par value $1.00 per share; 70.0 million shares authorized; 59.0 million shares and 57.7 million shares issued and outstanding at September 30, 2025, and 2024, respectively) | 59.0 | 57.7 |
| Paid-in capital | 1,981.4 | 1,902.2 |
| Retained earnings | 1,087.6 | 1,018.7 |
| Accumulated other comprehensive income | 19.4 | 12.1 |
| Total Shareholders' Equity | 3,389.4 | 3,232.7 |
| Temporary equity | 6.1 | 8.6 |
| Long-term debt (less current portion) | 3,369.4 | 3,704.4 |
| Total Capitalization | 6,764.9 | 6,945.7 |
| Current Liabilities: | ||
| Current portion of long-term debt | 487.5 | 42.0 |
| Notes payable | 1,317.0 | 947.0 |
| Accounts payable | 248.3 | 237.2 |
| Advance customer billings | 58.1 | 48.4 |
| Wages and compensation accrued | 54.1 | 51.5 |
| Customer deposits | 32.8 | 29.9 |
| Taxes accrued | 109.1 | 105.2 |
| Regulatory liabilities | 39.4 | 49.5 |
| Other | 202.3 | 193.2 |
| Total Current Liabilities | 2,548.6 | 1,703.9 |
| Deferred Credits and Other Liabilities: | ||
| Deferred income taxes | 887.4 | 808.4 |
| Pension and postretirement benefit costs | 74.7 | 146.7 |
| Asset retirement obligations | 583.2 | 579.9 |
| Regulatory liabilities | 578.0 | 535.5 |
| Other | 138.5 | 140.6 |
| Total Deferred Credits and Other Liabilities | 2,261.8 | 2,211.1 |
| Commitments and Contingencies (Note 16) | ||
| Total Capitalization and Liabilities | $11,575.3 | $10,860.7 |
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