2. REVENUE The following tables show revenue disaggregated by source and customer type.
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Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Spire |
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Gas Utility: |
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Residential |
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$ |
212.0 |
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$ |
232.2 |
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$ |
1,302.9 |
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$ |
1,454.5 |
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Commercial and industrial |
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79.5 |
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87.3 |
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438.1 |
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513.1 |
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Transportation |
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30.9 |
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30.3 |
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102.9 |
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99.7 |
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Off-system and other incentive |
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17.0 |
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9.6 |
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51.2 |
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29.0 |
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Other customer revenue |
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5.6 |
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6.5 |
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19.3 |
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20.2 |
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Total revenue from contracts with customers |
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345.0 |
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365.9 |
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1,914.4 |
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2,116.5 |
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Changes in accrued revenue under alternative revenue programs |
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2.5 |
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6.8 |
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16.8 |
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44.1 |
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Total Gas Utility operating revenues |
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347.5 |
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372.7 |
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1,931.2 |
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2,160.6 |
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Gas Marketing |
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43.1 |
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21.2 |
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129.7 |
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103.5 |
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Midstream |
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42.2 |
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32.5 |
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114.1 |
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68.9 |
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Other |
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5.7 |
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4.8 |
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15.3 |
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13.0 |
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Total before eliminations |
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438.5 |
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431.2 |
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2,190.3 |
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2,346.0 |
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Intersegment eliminations (see Note 10, Information by Operating Segment) |
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(16.6 |
) |
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(17.1 |
) |
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(48.0 |
) |
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(46.8 |
) |
Total Operating Revenues |
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$ |
421.9 |
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$ |
414.1 |
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$ |
2,142.3 |
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$ |
2,299.2 |
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Spire Missouri |
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Residential |
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$ |
155.8 |
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$ |
169.5 |
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$ |
967.6 |
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$ |
1,091.2 |
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Commercial and industrial |
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46.9 |
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52.6 |
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288.4 |
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348.5 |
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Transportation |
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7.9 |
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7.5 |
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28.1 |
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26.6 |
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Off-system and other incentive |
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12.0 |
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7.0 |
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41.4 |
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23.4 |
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Other customer revenue |
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3.5 |
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4.2 |
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11.2 |
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11.7 |
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Total revenue from contracts with customers |
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226.1 |
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240.8 |
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1,336.7 |
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1,501.4 |
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Changes in accrued revenue under alternative revenue programs |
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4.0 |
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8.0 |
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22.5 |
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49.3 |
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Total Operating Revenues |
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$ |
230.1 |
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$ |
248.8 |
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$ |
1,359.2 |
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$ |
1,550.7 |
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Spire Alabama |
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Residential |
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$ |
48.3 |
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$ |
53.0 |
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$ |
280.2 |
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$ |
306.7 |
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Commercial and industrial |
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24.7 |
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26.9 |
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116.1 |
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130.4 |
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Transportation |
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20.5 |
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20.3 |
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66.8 |
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65.1 |
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Off-system and other incentive |
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5.0 |
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2.6 |
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9.8 |
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5.6 |
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Other customer revenue |
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1.1 |
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0.9 |
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4.9 |
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2.5 |
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Total revenue from contracts with customers |
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99.6 |
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103.7 |
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477.8 |
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|
510.3 |
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Changes in accrued revenue under alternative revenue programs |
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(0.8 |
) |
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(0.2 |
) |
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(6.2 |
) |
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(5.2 |
) |
Total Operating Revenues |
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$ |
98.8 |
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$ |
103.5 |
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$ |
471.6 |
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$ |
505.1 |
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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.”
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|
Three Months Ended
June 30, |
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Nine Months Ended
June 30, |
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2025 |
|
|
2024 |
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|
2025 |
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|
2024 |
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Spire |
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$ |
19.6 |
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$ |
22.4 |
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$ |
101.6 |
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$ |
113.5 |
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Spire Missouri |
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13.9 |
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16.3 |
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73.3 |
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82.8 |
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Spire Alabama |
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5.0 |
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5.3 |
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24.1 |
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26.3 |
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