SPIRE ALABAMA INC

Previous wording

Certain matters discussed in this report, excluding historical information, include forward-looking statements. All statements, other than statements of historical fact, including statements regarding our expectations, plans and objectives for future performance, future operating results, earnings guidance, capital investment plans, and the expected timing and benefits of, and risks associated with, acquisitions, dispositions and related integration and transition activities (including the acquisition of the Piedmont Natural Gas Tennessee business, the sale of Spire Marketing and the announced sales of Spire Storage and Spire Mississippi), are forward-looking statements. Certain words, such as “may,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “seek,” “target,” and similar words and expressions identify forward-looking statements that involve uncertainties and risks. Future developments may not be in accordance with our current expectations or beliefs and the effect of future developments may not be those anticipated. Among the factors that may cause results or outcomes to differ materially from those contemplated in any forward-looking statement are:

Current wording

Certain matters discussed in this report, excluding historical information, include forward-looking statements. All statements, other than statements of historical fact, including statements regarding our expectations, plans and objectives for future performance, future operating results, earnings guidance, capital investment plans, and the expected timing and benefits of, and risks associated with, acquisitions, dispositions and related integration and transition activities (including the completed acquisition of the Piedmont Tennessee business, the completed sale of Spire Marketing and Spire Storage, and the pending sale of Spire Mississippi), are forward-looking statements. Certain words, such as “may,” “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “seek,” “target,” and similar words and expressions identify forward-looking statements that involve uncertainties and risks. Future developments may not be in accordance with our current expectations or beliefs and the effect of future developments may not be those anticipated. Among the factors that may cause results or outcomes to differ materially from those contemplated in any forward-looking statement are:

Previous wording

The satisfaction of conditions to, and the timing and completion of, the announced dispositions (including receiptof required regulatory approvals).

Current wording

The satisfaction of conditions to, and the timing and completion of, the pending sale of Spire Mississippi (including receipt of required regulatory approvals), and Spire’s ability to realize the anticipated benefits of, and successfully integrate or separate from, the recently completed Piedmont Tennessee Transaction and the Spire Marketing and Spire Storage dispositions;

Previous wording

Acquisition of Tennessee Piedmont Natural Gas business. On March 31, 2026, Spire completed the acquisition of the Tennessee assets of Piedmont Natural Gas, a wholly-owned subsidiary of Duke Energy, to acquire its Tennessee natural gas business for a total cash purchase price of $2.50 billion. The Company expects the acquisition to increase Spire’s scale of regulated business in one of the fastest growing regions in the U.S. and expand regulatory diversity. Upon closing, Piedmont’s Tennessee business began doing business as Spire Tennessee.

Current wording

Acquisition of Tennessee Piedmont Natural Gas business. On March 31, 2026, Spire completed the acquisition of the Tennessee natural gas business of Piedmont, a wholly owned subsidiary of Duke Energy, for a total cash purchase price of $2.50 billion. Upon closing, Piedmont's Tennessee business began operating as Spire Tennessee. The acquisition increased Spire's scale of regulated utility operations and expanded its presence in the growing Middle Tennessee region.

Previous wording

Sale of Spire Marketing. On March 28, 2026, Spire, entered into an agreement to sell Spire Marketing Inc., to Boardwalk. The transaction provides for a cash purchase price of $212.0, subject to customary closing adjustments, and is expected to be accounted for as a disposition upon closing.

Current wording

Sale of Spire Marketing. On March 28, 2026, Spire, entered into an agreement to sell Spire Marketing Inc., to Boardwalk. The transaction closed on April 30, 2026, for cash consideration of approximately $212, subject to customary post-closing adjustments. Spire Marketing has been classified as a discontinued operation.

Previous wording

Sale of Spire Storage. On April 14, 2026, Spire, entered into an agreement to sell Spire Storage to Subterra Energy Holdings, LLC an affiliate of I Squared Capital. The transaction provides for total consideration of approximately $650.0, consisting of $600.0 payable in cash at closing and a $50.0 deferred payment expected to be received in fiscal 2027, subject to customary closing adjustments, and is expected to be accounted for as a disposition upon closing.

Current wording

Sale of Spire Storage. On April 14, 2026, Spire, entered into an agreement to sell Spire Storage to Subterra Energy Holdings, LLC an affiliate of I Squared Capital. The transaction closed on June 30, 2026 and provides for total consideration of approximately $657, consisting of $607 payable in cash and a $50 deferred consideration payment to be paid on or before September 30, 2027.

Previous wording

Sale of Spire Mississippi. On April 21, 2026, Spire entered into an agreement to sell Spire Mississippi Inc., to Delta Utilities. The transaction provides for a cash purchase price of $75.0, subject to customary purchase price adjustments, and is expected to close during the second half of Spire’s fiscal year 2026, subject to regulatory approval by the Mississippi Public Service Commission and other customary closing conditions.

Current wording

Sale of Spire Mississippi. On April 21, 2026, Spire entered into an agreement to sell Spire Mississippi Inc., to Delta Utilities. The transaction provides for a cash purchase price of $75.0, subject to customary purchase price adjustments, and is expected to close during the first quarter of Spire’s fiscal year 2027, subject to regulatory approval by the MSPSC and other customary closing conditions.

Previous wording

Sale of Non-Core Equity Interest. During the second quarter of fiscal 2026, the Company completed the sale of a non-core equity interest that was outside its reportable segments. The investment had previously been accounted for under the equity method and was carried at an immaterial value. The Company received approximately $30.0 in cash proceeds and recognized a pre-tax gain of approximately $28.9, which is included in “Gain on Sale of Subsidiary” in the Condensed Consolidated Statements of Operations.

Current wording

Sale of Non-Core Equity Interest. During the second quarter of fiscal 2026, the Company completed the sale of a non-core equity interest that was outside its reportable segments. The investment had previously been accounted for under the equity method and was carried at an immaterial value. The Company received approximately $30.0 in cash proceeds.

Previous wording

Due to recently announced corporate transactions the Company has one reportable segment: Gas Utility. See Note 12 - Segment Information for additional information on Spire’s segment structure. Spire’s earnings are derived primarily from its Gas Utility segment, which reflects the regulated activities of the Utilities. Due to the seasonal nature of the Utilities’ business and the volumetric Spire Missouri rate design, earnings of Spire and each of the Utilities are typically concentrated during the heating season of November through April each fiscal year.

Current wording

Due to recently announced corporate transactions, the Company has one reportable segment: Gas Utility. See Note 12 - Segment Information for additional information on Spire’s segment structure. Spire’s earnings are derived primarily from its Gas Utility segment, which reflects the regulated activities of the Utilities. Due to the seasonal nature of the Utilities’ business and the volumetric rate designs of the Utilities, earnings of Spire and each of the Utilities are typically concentrated during the heating season of November through April each fiscal year.

Previous wording

Other components of the Company’s consolidated information include Spire’s subsidiaries include subsidiaries engaged in the transportation of natural gas, risk management, among other activities, and unallocated corporate items, including certain debt and associated interest costs.

Current wording

Other components of the Company’s consolidated information include Spire’s subsidiaries engaged in the transportation of natural gas, risk management, among other activities, and unallocated corporate items, including certain debt and associated interest costs.

Previous wording

Net income for the quarter was $282.2 versus $209.3 in the prior-year quarter. The increase was driven by the continuing operations of our utilities, which increased by $36.6, partially offset by higher corporate expenses and pipeline operations, net, of $8.3, combined with discontinued operations, which increased $44.6. Growth at Spire Marketing was the principal driver of the growth in net income from discontinued operations. The Company will describe further the results of its ongoing business.

Current wording

Net income for the quarter was $211.2 versus $20.9 in the prior-year quarter. The increase was largely due to the increase in net income from discontinued operations, driven by the $254.6 after-tax gain related to the sale Spire Marketing and Spire Storage. The $29.3 increase in net loss from continuing operations reflect improved results at Spire Missouri and Spire Alabama that were offset by the inclusion of Spire Tennessee’s $6.9 loss for the quarter, combined with higher corporate expenses and interest primarily related to acquisition activity, slightly offset by pipeline operations. The Company will describe further the results of its ongoing business.

Previous wording

The increase in interest expense reflects higher average long-term debt rates and higher levels of long-term debt in the current year, which includes the financing activity undertaken for the Piedmont Tennessee Transaction. Financing costs related to the acquisition activity totaled approximately $5.8 in the current quarter. The increase in the servicing costs for long-term debt were only partly mitigated by lower average levels of short-term debt and lower effective interest rates on short-term debt. Weighted-average short-term interest rates were 3.8% in the current-year quarter versus 4.5% in the prior-year quarter.

Current wording

The increase in interest expense reflects higher average long-term debt rates and higher levels of long-term debt in the current year, which includes the financing activity undertaken for the Piedmont Tennessee Transaction. Financing costs related to the acquisition activity and Tennessee operations totaled approximately $31.0 in the current quarter. The increase in the servicing costs for long-term debt were only partly mitigated by lower average levels of short-term debt and lower effective interest rates on short-term debt. Weighted-average short-term interest rates were 4.3% in the current-year quarter versus 4.5% in the prior-year quarter.

Previous wording

Other income increased $1.4 versus the prior-year quarter. The principal driver of the variance was favorable interest income that was only partly offset with unfavorable investment activity with non-qualified benefit trusts.

Current wording

Other income increased $1.2 versus the prior-year quarter. The principal driver of the variance was favorable investment and mark-to-market activity with non-qualified benefit trusts.

Previous wording

The increase in income taxes primarily reflects the higher current-year pre-tax book income.

Current wording

The decrease in income taxes primarily reflects the higher current-year pre-tax book loss.

Previous wording

The Company’s other activities generated a $14.2 loss in the three months ended March 31, 2026, $8.3 higher than the prior year period. The major contributor to this variance was $30.8 pre-tax of current year costs associated with the pending Piedmont Tennessee acquisition that was mostly offset by the $28.9 gain on the sale of a non-core subsidiary. Higher corporate expenses and interest expense in the current year were the other contributors to the higher current year loss.

Current wording

The Company’s other activities generated a $31.5 loss in the three months ended June 30, 2026, $28.2 higher than the prior year period. The major contributor to this variance was $26.5 pre-tax ($19.0 after-tax) of current year costs associated with the Piedmont Tennessee acquisition and transition activities. Higher corporate expenses and interest expense in the current year were the other contributors to the higher current year loss.

Previous wording

For the quarter ended March 31, 2026, Gas Utility net income and adjusted earnings were higher than the corresponding prior-year period by $36.6 and $39.6, respectively. The quarterly net income change was driven by the improved performance of Spire Missouri and Spire Alabama totaling $37.3 and $2.0, respectively, partially offset by the $3.0 (after-tax) goodwill impairment associated with the pending sale of Spire Mississippi.

Current wording

For the quarter ended June 30, 2026, Gas Utility net income was lower than the corresponding prior-year period by $1.1, while adjusted earnings increased by $6.8. The quarterly net income change was driven by the inclusion of a $6.9 net loss from Spire Tennessee operations and a $1.5 pre-tax impairment associated with the pending sale of Spire Mississippi. Excluding these impacts for adjusted earnings, growth for the quarter was driven by Spire Alabama and Spire EnergySouth, combined with slightly improved results at Spire Missouri.

Previous wording

The primary driver of the current year increase in revenue was the $78.4 impact of the October 2025 Missouri rate case implementation. Current year revenue also benefited from higher off system sales. Spire Alabama’s favorable annual RSE update impact of $7.4 was almost completely offset by the year-over-year $7.2 increase in the customer refund provision. These favorable impacts more than offset the $29.5 negative impact of lower volume usage net of weather mitigation adjustments and the $13.6 reduction attributable to lower gas cost recoveries.

Current wording

The primary driver of the current year increase in revenue was the inclusion of Spire Tennessee’s quarterly results, combined with the impact of the October 2025 Missouri rate case implementation. Current year revenue also benefited from $4.5 incremental Spire Missouri ISRS surcharges, Spire Alabama’s favorable annual RSE update impact of $2.7, combined with the $3.1 increase in the year-over-year CCM benefit. These favorable impacts more than offset the $5.0 negative impact of lower volume usage net of weather mitigation adjustments and the $2.9 reduction attributable to lower gas cost recoveries.

Previous wording

Reported operation and maintenance (“O&M”) expenses for the three months ended March 31, 2026 were $0.8 lower than the prior-year quarter as higher expense levels for non-payroll operations and bad debt expense were more than offset by lower employee-related costs and administrative expenses.

Current wording

Reported operation and maintenance (“O&M”) expenses for the three months ended June 30, 2026 were $20.7 higher than the prior-year quarter, the inclusion of $16.9 relating to Spire Tennessee being the major driver. O&M expense at Spire Missouri and Spire Alabama increased $2.0 and $2.2, respectively, due principally to higher levels for non-payroll operations expense and bad debt expense that were only partly offset by lower employee-related costs.

Previous wording

Depreciation and amortization expenses for the quarter ended March 31, 2026 were $12.1 higher than the same period in the prior year primarily driven by rate changes at Spire Missouri and Spire Alabama, combined with continued infrastructure capital expenditures across all the Utilities.

Current wording

Depreciation and amortization expenses for the quarter ended June 30, 2026 were $22.3 higher than the same period in the prior year primarily driven by the inclusion of $10.5 relating to Spire Tennessee’s operations. The remaining variance are the results of rate changes at Spire Missouri and Spire Alabama, combined with continued infrastructure capital expenditures across all the Utilities.

Previous wording

Taxes, other than income taxes, increased $13.2, due to $4.4 higher gross receipts taxes resulting from higher revenues, combined with higher property tax expense due primarily to higher amortization levels of regulatory deferrals in Missouri along with continued infrastructure investments.

Current wording

Taxes, other than income taxes, increased $9.5 versus the prior year quarter. $4.7 of the increase results from the inclusion of Spire Tennessee operations. The remaining variance relates primarily to higher remaining utility property tax expense due primarily to higher amortization levels of regulatory deferrals in Missouri along with continued infrastructure investments.

Previous wording

Interest expense increased $1.5. While both Spire Missouri and Spire Alabama benefited from lower average short-term interest rates in the current year, the impact at Spire Missouri was more than offset by the impact of higher average levels of long-term debt in the current year.

Current wording

Interest expense increased $11.5, with $9.0 of the increase attributable to the inclusion of Tennessee operations. While both Spire Missouri and Spire Alabama benefited from lower average short-term interest rates in the current year, the impact of lower rates at Spire Missouri was more than offset by the impact of higher average levels of long-term debt in the current year.

Previous wording

Operating revenues for the quarter ended March 31, 2026 were $66.7 higher than the comparable prior-year period. The increase was primarily the result of three drivers: $78.4 due to implementation of the most recent rate case, higher off-system sales of $7.7, and $2.2 higher gross receipts tax. These favorable impacts were only partly offset by $9.0 lower gas cost recoveries and negative volume impact (net of weather mitigation) of $12.5.

Current wording

Operating revenues for the quarter ended June 30, 2026 were $18.7 higher than the comparable prior-year period. The increase was primarily the result of three drivers: $12.5 due to implementation of the most recent rate case, $4.5 attributable to ISRS surcharges in the current year and higher off-system sales of $3.7. These favorable impacts were only partly offset by $1.8 lower gas cost recoveries and negative volume impact (net of weather mitigation) of $1.4.

Previous wording

Contribution margin for the three months ended March 31, 2026 increased $68.6 from the same period in the prior year, primarily due to the $78.4 increase relating to implementation of the most recent rate case, combined with the $3.0 impact of higher off-system sales. These favorable impacts more than offset the unfavorable $12.5 weather-mitigated margin impact.

Current wording

Contribution margin for the three months ended June 30, 2026 increased $17.5 from the same period in the prior year, primarily due to the $12.5 increase relating to implementation of the most recent rate case and $4.5 attributable to ISRS surcharges in the current year, combined with the $1.3 favorable impact of higher off-system sales. These favorable impacts more than offset the unfavorable $1.4 weather-mitigated margin impact.

Previous wording

Degree days in Spire Missouri’s service areas during thethree months ended March 31, 2026 were 13.1% warmer than normal, and 13.6% warmer than the comparable prior year period. Spire Missouri’s total system volume sold and transported were 629.5 million centum (Latin for “hundred”) cubic feet (CCF) for the quarter, compared with 731.1 million CCF for the same period in the prior year. Total off-system volume sold and transported were 17.3 million CCF for the current-year quarter, compared with 25.9 million CCF a year ago.

Current wording

Degree days in Spire Missouri’s service areas during thethree months ended June 30, 2026 were 36.1% warmer than normal, and 19.3% warmer than the comparable prior year period. Spire Missouri’s total system volume sold and transported were 204.5 million centum (Latin for “hundred”) cubic feet (CCF) for the quarter, compared with 220.5 million CCF for the same period in the prior year. Total off-system volume sold and transported were 11.9 million CCF for the current-year quarter, compared with 17.6 million CCF a year ago.

Previous wording

O&M expenses for the current-year quarter increased $3.2 versus the prior-year quarter. This increase reflects higher expense levels for non-payroll operations and bad debt expense that were only partly offset by employee-related costs.

Current wording

O&M expenses for the current-year quarter increased $2.0 versus the prior-year quarter. This increase reflects higher levels for non-payroll operations expense and bad debt that were only partly offset by lower employee-related costs.

Previous wording

Depreciation and amortization expenses increased $8.8 versus the prior-year quarter due to higher rates approved in the recent rate case, in addition to ongoing capital investments.

Current wording

Depreciation and amortization expenses increased $8.7 versus the prior-year quarter due to higher rates approved in the recent rate case, in addition to ongoing capital investments.

Previous wording

Taxes, other than income taxes increased $8.0, driven by higher pass-through gross receipts taxes, and higher property taxes due to higher amortization levels of regulatory deferrals along with continued infrastructure investments.

Current wording

Taxes, other than income taxes increased $4.4, driven primarily by higher property taxes due to higher amortization levels of regulatory deferrals along with continued infrastructure investments.

Previous wording

Interest expense increased $4.0, reflecting higher average levels of long-term debt in the current year. The increase in the servicing costs for long-term debt were only partly mitigated by lower average levels of short-term debt and lower effective interest rates on short-term debt.

Current wording

Interest expense increased $2.3, reflecting higher average levels of long-term debt in the current year. The increase in the servicing costs for long-term debt were only partly mitigated by lower effective interest rates on short-term debt.

Previous wording

Operating revenues for the three months ended March 31, 2026 decreased $21.8 from the same period in the prior year. This decrease was attributable to unfavorable volume impacts of $17.o, a year-over year net increase in the customer refund provision of $7.2, and a $4.6 decrease in gas cost recoveries. These negative impacts more than offset the $7.4 increase resulting from the annual RSE update.

Current wording

Operating revenues for the three months ended June 30, 2026 were essentially flat versus the same period in the prior year. This slight increase was attributable to the $2.7 increase resulting from the annual RSE update and the $3.1 CCM benefit in the current year. These favorable impacts offset the unfavorable volume impacts and a slight decrease in gas cost recoveries.

Previous wording

As measured in degree days, temperatures in Spire Alabama’s service area during the three months ended March 31, 2026, were 9.8% warmer than normal, and 11.2% warmer than a year ago. Spire Alabama’s total system volume sold and transported were 316.9 million CCF for the three months ended March 31, 2026, compared with 344.8 million CCF for the same period in the prior year. Total off-system volume sold and transported were 18.0 million CCF for the current-year quarter, compared with 18.8 million CCF off-system volume sold and transported in last year’s first quarter.

Current wording

As measured in degree days, temperatures in Spire Alabama’s service area during the three months ended June 30, 2026, were 36.0% warmer than normal, and 43.6% warmer than a year ago. Spire Alabama’s total system volume sold and transported were 204.3 million CCF for the three months ended June 30, 2026, compared with 241.3 million CCF for the same period in the prior year. Total off-system volume sold and transported were 24.8 million CCF for the current-year quarter, compared with 23.0 million CCF off-system volume sold and transported in last year’s first quarter.

Previous wording

Reported O&M expenses for the three months ended March 31, 2026 decreased $3.7 versus the prior-year quarter. This reduction was primarily driven by lower expense levels for non-payroll operations, combined with lower employee-related costs.

Current wording

Reported O&M expenses for the three months ended June 30, 2026 increased $2.2 versus the prior-year quarter. This increase was primarily driven by higher levels for non-payroll operations expense.

Previous wording

Depreciation and amortization expenses increased $3.2 versus the prior-year period due to rate changes and ongoing capital investments.

Current wording

Depreciation and amortization expenses increased $3.5 versus the prior-year period due to rate changes and ongoing capital investments.

Previous wording

Interest expense for the current-year quarter decreased $0.4 versus the prior-year quarter, primarily the result of lower average long-term debt levels combined with lower short-term interest rates, which more than offset higher current year average short-term borrowings.

Current wording

Interest expense for the current-year quarter increased $0.2 versus the prior-year quarter, as higher average level of short term borrowings offset the impact of lower average long-term debt levels combined with lower short-term interest rates.

Previous wording

For the quarter ended March 31, 2026, resulting net income increased $2.0 versus the prior-year quarter.

Current wording

For the quarter ended June 30, 2026, resulting net income increased $2.8 versus the prior-year quarter.

Previous wording

This section contains discussion and analysis of the results for the six months ended March 31, 2026 compared to the results for the six months ended March 31, 2025, in total and by registrant and segment.

Current wording

This section contains discussion and analysis of the results for the Nine months ended June 30, 2026 compared to the results for the Nine months ended June 30, 2025, in total and by registrant and segment.

Previous wording

Net income for the year-to-date ended March 31, 2026 was $377.2 versus $290.6 in the comparable prior-year period. The increase was driven by the continuing operations of our utilities, which increased by $62.7, partially offset by higher corporate expenses and pipeline operations, net, of $18.7, combined our discontinued operations, which increased $42.6. Growth at Spire Marketing was the primary driver of the growth in net income from discontinued operations. The Company will describe further the results of its ongoing business.

Current wording

Net income for the year-to-date ended June 30, 2026 was $588.4 versus $311.5 in the comparable prior-year period. The increase was driven by the $254.6 after-tax gain relating to the divestitures of Spire Marketing and Spire Storage. Continuing operations increased $14.7, driven by the $61.6 increase from utilities that were only partially offset by higher corporate expenses, interest expense, and pipeline operations, net, of $46.9. Excluding the $254.6 gain on the divestiture of Spire Marketing and Spire Storage, discontinued operations increased $7.6, with growth at Spire Marketing being the primary driver of the growth in net income from discontinued operations. The Company will describe further the results of its ongoing business.

Previous wording

*** Adjusted earnings per share is calculated by replacing consolidated net income with consolidated adjusted earnings in the GAAP diluted earnings per share calculation, which includes reductions for cumulative preferred dividends and participating shares and in the second quarter of 2026, excludes the $8.0 impact of the February 2026 cost of redemption of Spire’s 5.9% Series A Preferred Stock, including related depositary shares.

Current wording

***Adjusted earnings per share is calculated by replacing consolidated net income with consolidated adjusted earnings in the GAAP diluted earnings per share calculation, which includes reductions for cumulative preferred dividends and participating shares and excludes the $8.0 impact of the February 2026 cost of redemption of Spire’s 5.9% Series A Preferred Stock, including related depositary shares.

Previous wording

Select variances for the six m0nths ended March 31, 2026 compared to the six months ended March 31, 2025 are summarized in the following table and discussed below.

Current wording

Select variances for the nine m0nths ended June 30, 2026 compared to the nine months ended June 30, 2025 are summarized in the following table and discussed below.

Previous wording

The increase in interest expense reflects higher levels of long-term debt and corresponding higher average long-term debt rates in the current year, which includes the financing activity undertaken for the Piedmont Tennessee Transaction. Financing costs related to the acquisition activity totaled approximately $9.6 for the six months ended March 31, 2026.. The increase in the servicing costs for long-term debt were only partly mitigated by lower average levels of short-term debt and lower effective interest rates on short-term debt. Weighted-average short-term interest rates were 4.1% in the current year versus 4.5% in the prior year.

Current wording

The increase in interest expense reflects higher levels of long-term debt and corresponding higher average long-term debt rates in the current year, which includes the financing activity undertaken for the Piedmont Tennessee Transaction. Financing costs related to the acquisition activity and Spire Tennessee operations totaled approximately $40.5 for the nine months ended June 30, 2026. The increase in the servicing costs for long-term debt were only partly mitigated by lower average levels of short-term debt and lower effective interest rates on short-term debt. Weighted-average short-term interest rates were 4.2% in the current year versus 4.5% in the prior year.

Previous wording

The Company’s other activities generated a $30.3 loss in the six months ended March 31, 2026, $18.7 higher than the prior year period. The major contributor to this variance was $38.8 pre-tax of current year costs associated with the Piedmont Tennessee acquisition that was mostly offset by the $28.9 gain on the sale of a non-core subsidiary. Higher corporate expenses and interest expense in the current year were the other contributors to the higher current year loss.

Current wording

The Company’s other activities generated a $61.8 loss in the nine months ended June 30, 2026, $46.9 higher than the prior year period. The major contributor to this variance was $65.3 pre-tax of current year costs and interest expense associated with the Piedmont Tennessee acquisition that was only partly offset by the pre-tax $28.9 gain on the sale of a non-core subsidiary. Higher corporate expenses and interest expense in the current year were the other contributors to the higher current year loss.

Previous wording

For the year-to-date ended March 31, 2026, Gas Utility net income and adjusted earnings were higher than the corresponding prior-year period by $62.7 and $65.7, respectively. The year-to-date change in net income was driven by the $ 61.1 improved performance of Spire Missouri and the $5.9 increase from Spire Alabama, partly offset by the $3.0 (after-tax) goodwill impairment relating to the divestiture of Spire Mississippi.

Current wording

For the year-to-date ended June 30, 2026, Gas Utility net income and adjusted earnings were higher than the corresponding prior-year period by $61.6 and $72.5, respectively. The year-to-date change in net income was driven by the $ 61.9 improved performance of Spire Missouri and the $8.7 increase from Spire Alabama, partly offset by the $6.9 loss attributable to Spire Tennessee and the $4.0 (after-tax) impairment relating to the divestiture of Spire Mississippi.