SPIRE ALABAMA INC
For the period ended Mar 31, 2026. Filed May 6, 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.
Mar 31, 2026 · Filed May 6, 2026
SR$89.44+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
| Three Months EndedMarch 31, | Six Months Ended March 31, | |||
|---|---|---|---|---|
| (In millions, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Operating Revenues | $1,020.0 | $976.4 | $1,718.7 | $1,594.4 |
| Operating Expenses: | ||||
| Natural gas | 395.3 | 422.7 | 669.1 | 668.0 |
| Operation and maintenance | 153.6 | 127.5 | 284.2 | 245.7 |
| Depreciation and amortization | 84.5 | 72.4 | 162.2 | 143.3 |
| Taxes, other than income taxes | 83.1 | 75.9 | 137.8 | 124.6 |
| Total Operating Expenses | 716.5 | 698.5 | 1,253.3 | 1,181.6 |
| Operating Income | 303.5 | 277.9 | 465.4 | 412.8 |
| Interest Expense, Net | (62.6) | (45.3) | (120.6) | (91.5) |
| Other Income, Net | 4.4 | 3.0 | 9.7 | 3.6 |
| Goodwill Impairment | (3.9) | — | (3.9) | — |
| Gain on Sale of Subsidiary | 28.9 | — | 28.9 | — |
| Income From Continuing Operations Before Income Taxes | 270.3 | 235.6 | 379.5 | 324.9 |
| Income Tax Expense | 52.7 | 46.3 | 74.1 | 63.5 |
| Net Income From Continuing Operations | 217.6 | 189.3 | 305.4 | 261.4 |
| Net Income From Discontinued Operations, net of tax | 64.6 | 20.0 | 71.8 | 29.2 |
| Net Income | 282.2 | 209.3 | 377.2 | 290.6 |
| Provision for preferred dividends | 1.5 | 3.7 | 5.2 | 7.4 |
| Income allocated to participating securities | 0.4 | 0.3 | 0.5 | 0.4 |
| Preferred Share Redemption Cost* | 8.0 | — | 8.0 | — |
| Net Income Available to Common Shareholders | $272.3 | $205.3 | $363.5 | $282.8 |
| Weighted Average Number of Common Shares Outstanding: | ||||
| Basic | 59.0 | 58.3 | 59.0 | 58.0 |
| Diluted | 59.2 | 58.5 | 59.2 | 58.2 |
| Basic Earnings Per Common Share - Continuing Operations Available to Common Shareholders | $3.52 | $3.18 | $4.95 | $4.37 |
| Diluted Earnings Per Common Share -Continuing Operations Available to Common Shareholders | $3.51 | $3.17 | $4.93 | $4.36 |
| Basic Earnings Per Common Share - Discontinued Operations | $1.09 | $0.34 | $1.21 | $0.51 |
| Diluted Earnings Per Common Share -Discontinued Operations | $1.09 | $0.34 | $1.21 | $0.50 |
| Basic Earnings Per Common Share Available to Common Shareholders | $4.61 | $3.52 | $6.16 | $4.88 |
| Diluted Earnings Per Common Share Available to Common Shareholders | $4.60 | $3.51 | $6.14 | $4.86 |
- On January 29, 2026, the Company announced the full redemption of its 5.90% Series A Preferred Stock, including related depositary shares, effective February 13, 2026. Holders received $25.00 per depositary share plus $0.36056 in accrued dividends, after which the shares ceased accruing dividends and were de-listed.
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