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Revenue
3 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue

2. REVENUE

The following tables show revenue disaggregated by source and customer type.

 

 

 

Three Months Ended
December 31,

 

 

 

2024

 

 

2023

 

Spire

 

 

 

 

 

 

Gas Utility:

 

 

 

 

 

 

Residential

 

$

411.5

 

 

$

492.8

 

Commercial and industrial

 

 

133.7

 

 

 

157.9

 

Transportation

 

 

34.6

 

 

 

32.6

 

Off-system and other incentive

 

 

11.5

 

 

 

6.4

 

Other customer revenue

 

 

0.8

 

 

 

5.5

 

Total revenue from contracts with customers

 

 

592.1

 

 

 

695.2

 

Changes in accrued revenue under alternative revenue programs

 

 

21.4

 

 

 

20.0

 

Total Gas Utility operating revenues

 

 

613.5

 

 

 

715.2

 

Gas Marketing

 

 

33.0

 

 

 

36.3

 

Midstream

 

 

33.5

 

 

 

14.9

 

Other

 

 

4.7

 

 

 

4.1

 

Total before eliminations

 

 

684.7

 

 

 

770.5

 

Intersegment eliminations (see Note 10, Information by Operating Segment)

 

 

(15.6

)

 

 

(13.9

)

Total Operating Revenues

 

$

669.1

 

 

$

756.6

 

 

Spire Missouri

 

 

 

 

 

 

Residential

 

$

321.8

 

 

$

388.8

 

Commercial and industrial

 

 

93.8

 

 

 

110.2

 

Transportation

 

 

9.4

 

 

 

9.0

 

Off-system and other incentive

 

 

9.9

 

 

 

4.1

 

Other customer revenue

 

 

2.8

 

 

 

2.5

 

Total revenue from contracts with customers

 

 

437.7

 

 

 

514.6

 

Changes in accrued revenue under alternative revenue programs

 

 

19.8

 

 

 

20.8

 

Total Operating Revenues

 

$

457.5

 

 

$

535.4

 

 

 

 

Three Months Ended
December 31,

 

 

 

2024

 

 

2023

 

Spire Alabama

 

 

 

 

 

 

Residential

 

$

72.4

 

 

$

84.4

 

Commercial and industrial

 

 

28.9

 

 

 

34.7

 

Transportation

 

 

22.5

 

 

 

20.8

 

Off-system and other incentive

 

 

1.6

 

 

 

2.3

 

Other customer revenue

 

 

(3.2

)

 

 

0.9

 

Total revenue from contracts with customers

 

 

122.2

 

 

 

143.1

 

Changes in accrued revenue under alternative revenue programs

 

 

(1.8

)

 

 

(1.0

)

Total Operating Revenues

 

$

120.4

 

 

$

142.1

 

 

Gross receipts taxes associated with the Company’s natural gas utility services are imposed on the Company, Spire Missouri, and Spire Alabama and billed to its customers. The expense amounts (shown in the table below) are reported gross in the “Taxes, other than income taxes” line in the statements of income, and corresponding revenues are reported in “Operating Revenues.”

 

 

 

Three Months Ended
December 31,

 

 

 

2024

 

 

2023

 

Spire

 

$

26.8

 

 

$

31.1

 

Spire Missouri

 

 

19.5

 

 

 

22.5

 

Spire Alabama

 

 

5.7

 

 

 

6.9