XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.4
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Dec. 31, 2025
Sep. 30, 2025
Dec. 31, 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
Capitalization:      
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 (loss) 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
Depositary Shares [Member]      
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
Spire Missouri [Member]      
ASSETS      
Utility Plant 5,982.3 5,864.3 5,555.5
Less: Accumulated depreciation and amortization 1,139.2 1,104.6 1,104.5
Net Utility Plant 4,843.1 4,759.7 4,451.0
Total Other Property and Investments 73.8 75.8 72.9
Accounts receivable:      
Other 28.5 34.0 23.8
Allowance for credit losses (22.5) (23.0) (27.9)
Delayed customer billings 9.0 4.2 9.1
Inventories:      
Natural gas 135.6 150.0 120.1
Propane gas 8.6 8.6 8.6
Materials and supplies 25.2 24.5 24.3
Regulatory assets 34.8 48.9 56.7
Prepayments 22.3 28.2 23.2
Other 0.4 0.0 0.0
Total Current Assets 574.5 426.7 537.2
Deferred Charges and Other Assets:      
Goodwill 210.2 210.2 210.2
Regulatory assets 655.1 653.2 619.7
Other 194.1 224.2 194.3
Total Deferred Charges and Other Assets 1,059.4 1,087.6 1,024.2
Total Assets 6,550.8 6,349.8 6,085.3
Capitalization:      
Paid-in capital and common stock 929.3 929.3 887.1
Retained earnings 1,311.3 1,239.1 1,164.2
Accumulated other comprehensive income (loss) (0.7) (0.7) (1.9)
Total Shareholders' Equity 2,239.9 2,167.7 2,049.4
Long-term debt (less current portion) 2,152.7 1,953.6 1,803.6
Total Capitalization 4,392.6 4,121.3 3,853.0
Current Liabilities:      
Advance customer billings 34.1 43.2 42.4
Wages and compensation accrued 17.4 27.0 16.2
Customer deposits 7.3 7.2 6.5
Taxes accrued 27.4 65.8 25.3
Regulatory liabilities 10.5 13.9 17.4
Other 127.2 64.3 104.6
Total Current Liabilities 827.7 908.0 908.6
Deferred Credits and Other Liabilities:      
Deferred income taxes 617.9 598.7 581.7
Pension and postretirement benefit costs 47.4 72.4 91.1
Asset retirement obligations 96.5 95.5 96.6
Regulatory liabilities 490.9 481.3 486.0
Other 77.8 72.6 68.3
Total Deferred Credits and Other Liabilities 1,330.5 1,320.5 1,323.7
Commitments and Contingencies (Note 11)
Total Capitalization and Liabilities 6,550.8 6,349.8 6,085.3
Spire Missouri [Member] | Nonrelated Party [Member]      
Accounts receivable:      
Utility 331.6 149.1 296.5
Current Liabilities:      
Accounts payable 121.5 98.9 107.3
Spire Missouri [Member] | Related Party [Member]      
Accounts receivable:      
Utility 1.0 2.2 2.8
Current Liabilities:      
Notes payable 465.7 566.3 580.9
Accounts payable 16.6 21.4 8.0
Spire Alabama Inc [Member]      
ASSETS      
Utility Plant 3,088.2 3,052.9 2,995.8
Less: Accumulated depreciation and amortization 1,379.8 1,362.4 1,353.5
Net Utility Plant 1,708.4 1,690.5 1,642.3
Total Other Property and Investments 0.1 0.1 0.1
Current Assets:      
Cash and cash equivalents 0.0 1.9 0.0
Accounts receivable:      
Other 7.0 6.9 5.6
Allowance for credit losses (5.1) (4.9) (6.0)
Delayed customer billings 9.0 9.0 8.6
Inventories:      
Natural gas 32.6 39.4 31.7
Materials and supplies 18.8 19.0 19.0
Regulatory assets 15.0 16.1 17.4
Prepayments 4.3 7.7 8.3
Other 0.3 0.0 0.0
Total Current Assets 158.4 129.9 150.4
Deferred Charges and Other Assets:      
Regulatory assets 657.0 650.6 647.3
Other 99.4 99.2 95.0
Total Deferred Charges and Other Assets 756.4 749.8 742.3
Total Assets 2,623.3 2,570.3 2,535.1
Capitalization:      
Paid-in capital and common stock 242.9 242.9 279.4
Retained earnings 738.8 735.2 677.1
Total Shareholders' Equity 981.7 978.1 956.5
Long-term debt (less current portion) 711.8 711.7 711.4
Total Capitalization 1,693.5 1,689.8 1,667.9
Current Liabilities:      
Current portion of long-term debt 0.0 0.0 35.0
Advance customer billings 13.1 13.1 14.6
Wages and compensation accrued 4.8 7.8 4.4
Customer deposits 23.3 22.3 21.9
Taxes accrued 30.7 33.1 31.2
Regulatory liabilities 18.2 20.3 27.7
Other 15.8 14.6 17.4
Total Current Liabilities 330.3 290.0 273.1
Deferred Credits and Other Liabilities:      
Deferred income taxes 70.6 64.1 41.0
Pension and postretirement benefit costs 0.5 2.4 26.7
Asset retirement obligations 475.1 470.0 473.7
Regulatory liabilities 28.8 29.2 26.9
Other 24.5 24.8 25.8
Total Deferred Credits and Other Liabilities 599.5 590.5 594.1
Total Capitalization and Liabilities 2,623.3 2,570.3 2,535.1
Spire Alabama Inc [Member] | Nonrelated Party [Member]      
Accounts receivable:      
Utility 76.4 34.8 65.3
Current Liabilities:      
Accounts payable 53.9 43.3 46.7
Spire Alabama Inc [Member] | Related Party [Member]      
Accounts receivable:      
Utility 0.1 0.0 0.5
Current Liabilities:      
Notes payable 164.6 130.1 67.0
Accounts payable $ 5.9 $ 5.4 $ 7.2