SPIRE ALABAMA INC

For the period ended Dec 31, 2025. Filed Feb 3, 2026.

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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.

Dec 31, 2025 · Filed Feb 3, 2026

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

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Contents

Condensed Consolidated Balance Sheets

	December 31,	September 30,	December 31,
(Dollars in millions, except per share amounts)	2025	2025	2024
ASSETS
Utility Plant	$9,490.1	$9,333.9	$8,946.3
Less: Accumulated depreciation and amortization	2,628.2	2,577.4	2,570.3
Net Utility Plant	6,861.9	6,756.5	6,376.0
Non-utility Property (net of accumulated depreciation and amortization of $139.2, $129.4 and $103.9 at December 31, 2025, September 30, 2025, and December 31, 2024, respectively)	1,003.4	1,007.2	982.5
Other Investments	125.4	128.0	118.5
Total Other Property and Investments	1,128.8	1,135.2	1,101.0
Current Assets:
Cash and cash equivalents	4.1	5.7	11.5
Accounts receivable:
Utility	426.2	191.9	379.6
Other	198.8	152.7	172.3
Allowance for credit losses	(28.7)	(28.8)	(34.7)
Delayed customer billings	18.5	13.6	18.4
Inventories:
Natural gas	203.4	226.9	187.0
Propane gas	8.6	8.6	8.6
Materials and supplies	47.5	47.0	47.0
Regulatory assets	63.4	78.3	89.6
Prepayments	34.5	47.8	41.5
Other	62.2	64.0	67.2
Total Current Assets	1,038.5	807.7	988.0
Deferred Charges and Other Assets:
Goodwill	1,171.6	1,171.6	1,171.6
Regulatory assets	1,331.4	1,323.5	1,288.4
Other	349.7	380.8	350.8
Total Deferred Charges and Other Assets	2,852.7	2,875.9	2,810.8
Total Assets	$11,881.9	$11,575.3	$11,275.8

CONDENSED CONSOLIDATED BALANCE SHEETS (Continued)

	December 31,	September 30,	December 31,
	2025	2025	2024
CAPITALIZATION AND LIABILITIES
Capitalization:
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at December 31, 2025, September 30, 2025, and December 31, 2024)	$242.0	$242.0	$242.0
Common stock (par value $1.00 per share; 70.0 million shares authorized; 59.1 million, 59.0 million, and 58.3 million shares issued and outstanding at December 31, 2025, September 30, 2025, and December 31, 2024, respectively)	59.1	59.0	58.3
Paid-in capital	1,981.8	1,981.4	1,933.7
Retained earnings	1,127.7	1,087.6	1,050.5
Accumulated other comprehensive income	22.1	19.4	24.4
Total Shareholders' Equity	3,432.7	3,389.4	3,308.9
Temporary equity	5.9	6.1	8.4
Long-term debt (less current portion)	4,449.4	3,369.4	3,697.7
Total Capitalization	7,888.0	6,764.9	7,015.0
Current Liabilities:
Current portion of long-term debt	488.1	487.5	42.5
Notes payable	412.0	1,317.0	1,158.0
Accounts payable	309.5	248.3	292.3
Advance customer billings	48.9	58.1	59.2
Wages and compensation accrued	29.7	54.1	28.7
Customer deposits	34.1	32.8	31.6
Taxes accrued	63.5	109.1	61.4
Regulatory liabilities	34.4	39.4	51.0
Other	293.1	202.3	266.5
Total Current Liabilities	1,713.3	2,548.6	1,991.2
Deferred Credits and Other Liabilities:
Deferred income taxes	914.1	887.4	838.3
Pension and postretirement benefit costs	47.7	74.7	126.6
Asset retirement obligations	589.5	583.2	586.0
Regulatory liabilities	587.6	578.0	577.2
Other	141.7	138.5	141.5
Total Deferred Credits and Other Liabilities	2,280.6	2,261.8	2,269.6
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities	$11,881.9	$11,575.3	$11,275.8

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.