ASSETS
Utility Plant
Spire Missouri
6,247 6,104 5,982 5,864 5,793 5,663 5,556 5,420 5,297 5,194 5,080 4,965 4,831 4,731 4,633 4,550 4,499 4,417 4,348 4,267
Spire Alabama Inc
3,174 3,136 3,088 3,053 3,043 3,020 2,996 2,967 2,929 2,901 2,880 2,863 2,804 2,781 2,756 2,733 2,663 2,644 2,605 2,587
Total utility Plant
12,033 11,818 9,490 9,330 9,233 9,077 8,946 8,779 8,613 8,480 8,345 8,210 8,017 7,892 7,769 7,665 7,550 7,444 7,329 7,225
Less: Accumulated depreciation and amortization
Spire Missouri
1,191 1,163 1,139 1,105 1,090 1,094 1,105 1,086 1,074 1,088 1,064 1,043 1,038 1,027 1,003 982 966 949 927 905
Spire Alabama Inc
1,417 1,398 1,380 1,362 1,371 1,369 1,354 1,337 1,325 1,307 1,289 1,273 1,225 1,209 1,197 1,184 1,154 1,154 1,138 1,125
Total less: Accumulated depreciation and amortization
3,108 3,058 2,628 2,577 2,572 2,575 2,570 2,536 2,510 2,509 2,467 2,431 2,383 2,359 2,327 2,295 2,257 2,242 2,204 2,169
Net Utility Plant
Spire Missouri
5,056 4,941 4,843 4,760 4,704 4,569 4,451 4,334 4,223 4,105 4,017 3,922 3,794 3,704 3,629 3,568 3,533 3,468 3,420 3,362
Spire Alabama Inc
1,757 1,738 1,708 1,691 1,672 1,650 1,642 1,630 1,604 1,593 1,591 1,590 1,579 1,573 1,559 1,549 1,509 1,490 1,467 1,462
Total net Utility Plant
8,925 8,760 6,862 6,753 6,661 6,502 6,376 6,243 6,103 5,971 5,878 5,779 5,634 5,534 5,443 5,370 5,293 5,202 5,125 5,056
Non-utility Property (net of accumulated depreciation and amortization of $124.7, $106.6 and $100.5 at June 30, 2026, September 30, 2025, and June 30, 2025, respectively)
553 557 1,003 568 572 574 983 955 918 886 687 629 583 520 509 491 477 476 474 471
Other Investments
Spire Missouri
67 69 60
Total other Investments
132 127 125 127 124 117 119 115 112 105 106 103 103 131 94 88 91 89 90 83
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Other Property and Investments
Spire Missouri
77 73 74 76 74 71 73 70 69 68 68 66 68 67 67 59 61 67 69 60
Spire Alabama Inc
0 0 0 0 0 0 0 0 0 0 0 0
Total Other Property and Investments
685 684 1,129 695 696 690 1,101 1,071 1,030 992 793 731 685 652 602 579 567 565 565 554
Current Assets:
Cash and cash equivalents
Spire Missouri
0 0 1 0 0 1 0 0 0 0 7 0
Spire Alabama Inc
3 2 0 2 2 3 0 2 2 2 0 1 1 1 0 2 4 0 0 0
Total cash and cash equivalents
21 50 4 6 13 15 12 5 7 26 5 6 5 7 5 7 16 8 8 4
Accounts receivable:
Utility
Spire Missouri
143 187 362 357 132 162 289 377 279
Spire Alabama Inc
42 50 75 100 70 93 86 85 50
Total utility
229 401 426 192 228 373 380 196 238 399 429 192 246 454 479 211 266 389 476 338
Associated companies
Spire Missouri
6 4 2 4 4 5
Spire Alabama Inc
1 1 1 1 1 1
Other
Spire Missouri
26 23 29 34 33 43 24 22 18 24 22 21 23 33 29 45 12 35 36 58
Spire Alabama Inc
6 7 7 7 6 6 6 6 5 7 6 7 6 5 5 7 6 6 8 6
Total other
47 49 199 47 46 55 172 113 113 107 151 129 127 166 335 444 354 245 304 288
Allowance for credit losses
Spire Missouri
(23) (25) (23) (23) (28) (30) (28) (25) (27) (32) (29) (26) (29) (35) (28) (25) (25) (27) (24) (23)
Spire Alabama Inc
(5) (6) (5) (5) (5) (6) (6) (6) (6) (6) (6) (6) (5) (5) (6) (6) (7) (7) (7) (7)
Total allowance for credit losses
(30) (34) (29) (29) (34) (37) (35) (31) (33) (39) (35) (33) (35) (41) (35) (32) (33) (35) (31) (30)
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Delayed customer billings
Spire Missouri
25 48 9 4 14 35 9 6 25 54 17 18 57 85 22 16 44 54 5 2
Spire Alabama Inc
4 3 9 9 4 3 9 6 2 1 5 4 1 1 5 5 2 1 7 7
Total delayed customer billings
30 51 19 14 18 37 18 12 27 55 22 22 59 86 27 21 45 55 11 9
Notes receivable – associated companies
0 0
Inventories:
Natural gas
Spire Missouri
101 90 136 150 99 80 120 130 104 102 142 133 99 87 190 215 140 81 187 177
Spire Alabama Inc
44 28 33 39 31 29 32 37 34 34 41 52 52 41 66 73 69 32 45 36
Total natural gas
156 127 203 193 133 111 187 209 175 159 221 224 185 147 320 372 251 125 285 268
Natural gas
Spire Missouri
81 187 177
Spire Alabama Inc
32 45 36
Propane gas
Spire Missouri
9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9
Total propane gas
9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9 9
Materials and supplies
Spire Missouri
24 24 25 25 23 24 24 24 24 24 25 24 25 24 23 22 22 19 16 15
Spire Alabama Inc
19 19 19 19 19 19 19 19 19 19 19 19 21 21 17 16 15 13 13 11
Total materials and supplies
45 47 48 47 47 46 47 47 47 47 47 47 50 49 44 42 41 35 32 29
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Regulatory assets
Spire Missouri
8 13 35 49 9 16 57 84 63 89 213 293 35 63 191 288 90 113 237 276
Spire Alabama Inc
26 18 15 16 13 14 17 16 15 15 31 42 44 65 67 57 53 41 15 19
Total regulatory assets
79 79 63 78 35 42 90 115 90 117 256 348 93 143 269 355 152 164 266 307
Prepayments
Spire Missouri
39 19 22 28 37 22 23 27 37 17 23 27 35 19 16 23 32 16 18 20
Spire Alabama Inc
9 2 4 8 9 6 8 11 9 3 7 6 9 4 4 6 8 4 4 5
Total prepayments
64 31 35 46 59 37 42 48 59 34 43 48 55 33 32 41 55 27 26 29
Other
Spire Missouri
1 0 0 0 0 0 0 0 0 0 0 0
Spire Alabama Inc
0 0 0 0 0 0 0 0 0 0
Total other
61 55 62 23 27 19 67 51 94 93 73 85 67 60 145 123 105 68 50 66
Assets held for sale
81 725 183 200 201
Spire Missouri
368 468 575 427 364 469 537 433 432 596 757 643 447 649 813 728 494 591 865 818
Spire Alabama Inc
150 148 158 130 133 158 150 129 133 149 176 169 182 209 260 230 244 176 169 127
Total Current Assets
790 1,588 1,039 808 780 908 988 771 826 1,006 1,220 1,077 861 1,112 1,630 1,592 1,261 1,089 1,435 1,317
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Deferred Charges and Other Assets:
Goodwill
Spire Missouri
210 210 210 210 210 210 210 210 210 210 210 210 210 210 210 210 210 210 210 210
Total goodwill
1,895 1,891 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172 1,172
Regulatory assets
Spire Missouri
669 671 655 653 614 614 620 588 634 631 631 618 819 722 635 548 665 573 561 483
Spire Alabama Inc
668 662 657 651 660 653 647 651 626 619 613 607 577 568 560 538 514 507 502 483
Total regulatory assets
1,395 1,394 1,331 1,324 1,293 1,287 1,288 1,252 1,283 1,273 1,267 1,249 1,421 1,317 1,221 1,112 1,206 1,107 1,090 994
Deferred income tax
0 0 0 0 8 11 6 9 30 34
Other
Spire Missouri
199 197 194 224 195 194 194 194 145 145 146 147 108 107 106 105 127 126 126 126
Spire Alabama Inc
101 100 99 99 95 95 95 95 85 84 84 84 82 82 82 81 81 64 63 64
Total other
401 352 350 379 348 348 351 352 298 299 303 306 265 264 260 258 285 267 264 265
Total Deferred Charges and Other Assets
Spire Missouri
909 897 819
Spire Alabama Inc
579 595 581
Assets held for sale
0 0 446 446 439
Spire Missouri
1,078 1,079 1,059 1,088 1,018 1,018 1,024 992 989 986 987 975 1,138 1,039 951 863 1,002 909 897 819
Spire Alabama Inc
768 762 756 750 754 747 742 737 711 703 697 691 659 650 650 631 601 579 595 581
Total Deferred Charges and Other Assets
3,692 3,637 2,853 3,320 3,259 3,246 2,811 2,776 2,753 2,743 2,742 2,727 2,857 2,752 2,653 2,542 2,662 2,545 2,526 2,430
Assets
Spire Missouri
6,579 6,560 6,551 6,350 6,159 6,127 6,085 5,829 5,713 5,755 5,829 5,606 5,446 5,459 5,460 5,218 5,091 5,035 5,251 5,058
Spire Alabama Inc
2,675 2,648 2,623 2,570 2,560 2,556 2,535 2,496 2,448 2,446 2,463 2,449 2,420 2,432 2,470 2,409 2,354 2,246 2,231 2,171
Total Assets
14,091 14,670 11,882 11,575 11,396 11,347 11,276 10,861 10,711 10,711 10,632 10,314 10,038 10,049 10,328 10,084 9,784 9,401 9,651 9,356
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Capitalization:
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at September 30, 2025 and June 30, 2025)
Depositary shares
0 0 242 242 242 242 242 242 242 242 242 242 242 242
Total preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at September 30, 2025 and June 30, 2025)
242 242 242 242 242 242 242 242 242 242 242 242
Common stock (par value $1.00 per share; 70.0 million shares authorized; 59.1 million, 59.0 million, and 59.0 million shares issued and outstanding at June 30, 2026, September 30, 2025, and June 30, 2025, respectively)
Spire Missouri
0 0 0 0 0
Total common stock (par value $1.00 per share; 70.0 million shares authorized; 59.1 million, 59.0 million, and 59.0 million shares issued and outstanding at June 30, 2026, September 30, 2025, and June 30, 2025, respectively)
59 59 59 59 59 59 58 58 58 58 55 53 53 53 53 53 53 52 52 52
Paid-in capital and common stock
Spire Missouri
929 929 929 929 929 929 887 855 855 855 855 855 816 816 816 816 816 788 765 765
Spire Alabama Inc
236 241 243 243 243 249 279 279 279 279 285 286 287 290 305 317 317 323 323 329
Paid-in capital
Spire Missouri
929 855 855 816 788 765 765
Spire Alabama Inc
323 323 329
Total paid-in capital
1,985 1,984 1,982 1,981 1,979 1,977 1,934 1,902 1,902 1,900 1,727 1,617 1,578 1,577 1,572 1,571 1,570 1,541 1,517 1,518
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Retained earnings
Spire Missouri
1,424 1,457 1,311 1,239 1,264 1,277 1,164 1,111 1,138 1,155 1,049 992 1,034 1,061 979 932 952 961 862 817
Spire Alabama Inc
790 785 739 735 745 741 677 669 684 688 639 642 647 645 595 589 614 611 557 553
Total retained earnings
1,516 1,350 1,128 1,088 1,180 1,208 1,051 1,019 1,093 1,155 997 958 1,028 1,090 953 906 949 992 860 843
Accumulated other comprehensive income (loss)
Spire Missouri
(1) (1) (1) (1) (1) (1) (2) (2) (2) (2) (2) (3) (3) (3) (3) (3) (4) (4) (4) (4)
Total accumulated other comprehensive income (loss)
23 25 22 19 21 23 24 12 39 36 29 48 31 26 45 47 32 14 (0) 4
Shareholders' Equity
Spire Missouri
2,353 2,385 2,240 2,168 2,192 2,205 2,049 1,964 1,991 2,007 1,902 1,845 1,848 1,875 1,793 1,745 1,765 1,745 1,623 1,578
Spire Alabama Inc
1,027 1,025 982 978 988 990 957 948 963 967 924 928 934 935 901 906 931 934 880 882
Total Shareholders' Equity
3,583 3,418 3,433 3,389 3,480 3,509 3,309 3,233 3,333 3,390 3,051 2,917 2,933 2,987 2,864 2,819 2,846 2,841 2,670 2,658
Temporary equity
4 7 6 6 5 9 8 9 9 10 15 17 18 19 16 13 15 12 10 10
Long-term debt (less current portion)
Spire Missouri
2,154 2,153 2,153 1,954 1,953 1,804 1,804 1,803 1,487 1,486 1,486 1,785 1,785 1,785 1,388 1,388 1,637 1,637 1,637 1,338
Spire Alabama Inc
712 712 712 712 712 712 711 711 746 746 746 746 746 746 746 572 571 571 571 571
Total long-term debt (less current portion)
5,758 5,762 4,449 3,369 3,498 3,349 3,698 3,704 3,422 3,421 3,248 3,554 3,553 3,703 3,156 2,959 3,208 3,207 3,207 2,939
Spire Missouri
4,507 4,538 4,393 4,121 4,145 4,009 3,853 3,767 3,478 3,493 3,388 3,630 3,633 3,660 3,181 3,133 3,402 3,382 3,260 2,916
Spire Alabama Inc
1,739 1,737 1,694 1,690 1,700 1,702 1,668 1,660 1,710 1,713 1,670 1,674 1,679 1,681 1,646 1,478 1,502 1,506 1,451 1,453
Total Capitalization
9,345 9,187 7,888 6,765 6,984 6,867 7,015 6,946 6,764 6,822 6,313 6,488 6,504 6,708 6,037 5,790 6,069 6,060 5,886 5,607
Current Liabilities:
Current portion of long-term debt
Spire Missouri
0 0 0 0 300 300 300 0 250 250 250 250 0 0 0 0
Spire Alabama Inc
0 0 0 0 35 35 35 35 0 0 0 0 0 0 0 0 50
Total current portion of long-term debt
238 238 488 488 393 393 43 42 307 307 457 157 407 257 257 281 31 31 31 56
Notes payable
Spire Missouri
0 0 0 0 250 250
Total notes payable
1,264 1,955 412 1,317 1,010 1,015 1,158 947 771 786 1,048 956 558 561 1,227 1,038 709 607 846 672
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Accounts payable
Spire Missouri
167 119 111 97 117 90
Spire Alabama Inc
28 28 30 87 86 86 51 58 52
Total accounts payable
194 185 310 156 140 161 292 237 205 193 294 253 196 232 507 617 581 368 428 410
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Advance customer billings
Spire Missouri
8 1 34 43 19 8 42 36 9 0 14 11 0 0 5 7 0 0 20 20
Spire Alabama Inc
8 7 13 13 8 7 15 11 7 5 9 8 6 5 10 10 6 5 10 11
Total advance customer billings
17 11 49 58 29 16 59 48 17 6 25 21 8 7 17 19 8 6 31 32
Wages and compensation accrued
Spire Missouri
21 22 17 27 20 21 16 24 18 20 14 24 18 20 22 34 34 27 21 40
Spire Alabama Inc
6 6 5 8 6 6 4 7 5 6 4 7 5 5 3 8 8 6 4 9
Total wages and compensation accrued
41 38 30 49 35 37 29 52 42 40 26 47 36 39 31 50 50 39 30 60
Customer deposits
Spire Missouri
7 7 7 7 7 7 7 6 6 6 6 6 6 6 6 7 7 8 8 8
Spire Alabama Inc
24 24 23 22 22 22 22 21 21 21 20 19 19 20 20 19 19 19 19 18
Total customer deposits
39 38 34 33 33 32 32 30 30 29 29 28 28 28 29 28 29 29 29 29
Taxes accrued
Spire Missouri
57 50 27 66 53 48 25 60 50 47 26 60 49 47 24 50 41 37 15 41
Spire Alabama Inc
30 26 31 33 31 27 31 35 33 29 33 35 32 26 29 31 29 24 27 30
Total taxes accrued
101 84 64 108 91 80 61 105 91 83 65 104 89 80 58 90 77 67 47 79
Regulatory liabilities
Spire Missouri
4 5 11 14 14 12 17 10 0 0 0 0 0 0 0 0 0 17
Spire Alabama Inc
2 2 18 20 29 34 28 34 32 19 0 0 0 0 0 0 0 0 1 13
Total regulatory liabilities
11 13 34 39 49 52 51 50 38 25 7 7 6 5 4 4 3 3 4 35
Other
Spire Missouri
62 55 127 64 52 46 105 51 47 45 111 49 44 53 93 46 45 49 89 47
Spire Alabama Inc
12 18 16 15 12 14 17 14 12 14 18 15 12 16 21 22 21 12 19 17
Total other
219 213 293 177 175 147 267 193 210 181 260 183 205 198 277 227 262 244 274 237
Liabilities associated with assets held for sale
8 135 124 132 179
Spire Missouri
693 615 828 908 664 716 909 782 926 950 1,218 786 672 727 1,238 971 538 503 713 765
Spire Alabama Inc
302 282 330 290 248 247 273 249 167 164 250 240 217 231 319 441 373 280 316 257
Total Current Liabilities
2,133 2,910 1,713 2,549 2,087 2,112 1,991 1,704 1,710 1,650 2,211 1,755 1,530 1,407 2,405 2,354 1,750 1,396 1,721 1,608
Notes payable – associated companies
Spire Missouri
651 445 285 277 180 241
Spire Alabama Inc
146 261 196 157 174 49
Accounts payable – associated companies
Spire Missouri
20 13 16 7 12 10
Spire Alabama Inc
4 4 8 6 4 6
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Deferred Credits and Other Liabilities:
Deferred income taxes
Spire Missouri
651 651 618 599 604 603 582 568 568 564 546 532 534 533 512 500 502 499 478 480
Spire Alabama Inc
97 95 71 64 66 64 41 36 38 37 13 9 13 12 0 0 0 0
Total deferred income taxes
1,055 985 914 887 901 891 838 808 820 817 761 744 736 738 699 675 676 667 616 612
Pension and postretirement benefit costs
Spire Missouri
43 47 47 72 85 90 91 110 100 101 102 103 96 100 102 116 142 133 148 160
Spire Alabama Inc
0 1 1 2 11 12 27 28 21 23 27 27 52 53 51 41 51 59 65 67
Total pension and postretirement benefit costs
43 49 48 75 105 111 127 147 129 130 136 137 155 159 159 163 200 199 223 236
Asset retirement obligations
Spire Missouri
99 98 97 96 99 98 97 96 115 113 112 111 114 113 112 111 148 146 145 143
Spire Alabama Inc
485 480 475 470 484 479 474 469 466 461 456 451 411 407 403 399 374 370 366 363
Total asset retirement obligations
597 591 590 578 593 587 586 580 596 590 584 577 538 532 526 521 535 530 525 520
Regulatory liabilities
Spire Missouri
510 537 491 481 491 546 486 443 466 475 405 389 346 277 259 332 301 314 447 539
Spire Alabama Inc
28 28 29 29 26 26 27 28 20 20 21 21 21 22 22 23 24 25 25 23
Total regulatory liabilities
778 806 588 578 582 637 577 536 548 558 487 472 428 360 345 418 389 400 532 621
Other
Spire Missouri
77 74 78 73 72 66 68 63 62 59 58 53 51 50 56 56 58 58 61 56
Spire Alabama Inc
24 25 25 25 25 25 26 27 27 29 27 27 26 27 28 28 30 6 7 8
Total other
141 143 142 137 138 135 142 141 145 145 141 140 147 146 157 163 165 149 149 152
Liabilities associated with assets held for sale
0 0 7 7 8
Spire Missouri
1,380 1,406 1,331 1,321 1,350 1,402 1,324 1,280 1,310 1,312 1,223 1,189 1,141 1,073 1,041 1,114 1,150 1,150 1,278 1,377
Spire Alabama Inc
635 629 600 591 612 607 594 587 572 569 543 535 523 520 504 491 478 460 464 461
Total Deferred Credits and Other Liabilities
2,614 2,573 2,281 2,262 2,326 2,368 2,270 2,211 2,237 2,239 2,108 2,070 2,004 1,934 1,886 1,940 1,965 1,945 2,043 2,141
Capitalization and Liabilities
Spire Missouri
6,579 6,560 6,551 6,350 6,159 6,127 6,085 5,829 5,713 5,755 5,829 5,606 5,446 5,459 5,460 5,218 5,091 5,035 5,251 5,058
Spire Alabama Inc
2,675 2,648 2,623 2,570 2,560 2,556 2,535 2,496 2,448 2,446 2,463 2,449 2,420 2,432 2,470 2,409 2,354 2,246 2,231 2,171
Total Capitalization and Liabilities
14,091 14,670 11,882 11,575 11,396 11,347 11,276 10,861 10,711 10,711 10,632 10,314 10,038 10,049 10,328 10,084 9,784 9,401 9,651 9,356
