v3.25.2
Pension Plans and Other Postretirement Benefits (Tables)
9 Months Ended
Jun. 30, 2025
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs

 

 

Three Months Ended
June 30,

 

 

Nine Months Ended
 June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Spire

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

4.4

 

 

$

3.9

 

 

$

13.2

 

 

$

11.8

 

Interest cost on projected benefit obligation

 

 

5.8

 

 

 

6.6

 

 

 

17.6

 

 

 

20.0

 

Expected return on plan assets

 

 

(6.4

)

 

 

(6.3

)

 

 

(19.3

)

 

 

(18.7

)

Amortization of prior service credit

 

 

(1.2

)

 

 

(1.1

)

 

 

(3.5

)

 

 

(3.4

)

Amortization of actuarial loss

 

 

1.6

 

 

 

1.6

 

 

 

4.8

 

 

 

4.8

 

Loss on lump-sum settlements

 

 

 

 

 

1.0

 

 

 

 

 

 

1.0

 

Subtotal

 

 

4.2

 

 

 

5.7

 

 

 

12.8

 

 

 

15.5

 

Regulatory adjustment

 

 

9.2

 

 

 

8.8

 

 

 

27.3

 

 

 

26.3

 

Net pension cost

 

$

13.4

 

 

$

14.5

 

 

$

40.1

 

 

$

41.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Spire Missouri

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

2.9

 

 

$

2.6

 

 

$

8.6

 

 

$

7.8

 

Interest cost on projected benefit obligation

 

 

3.9

 

 

 

4.7

 

 

 

11.9

 

 

 

14.2

 

Expected return on plan assets

 

 

(4.4

)

 

 

(4.3

)

 

 

(13.2

)

 

 

(12.8

)

Amortization of prior service credit

 

 

(0.5

)

 

 

(0.5

)

 

 

(1.5

)

 

 

(1.5

)

Amortization of actuarial loss

 

 

1.0

 

 

 

1.5

 

 

 

3.0

 

 

 

4.4

 

Loss on lump-sum settlements

 

 

 

 

 

1.0

 

 

 

 

 

 

1.0

 

Subtotal

 

 

2.9

 

 

 

5.0

 

 

 

8.8

 

 

 

13.1

 

Regulatory adjustment

 

 

7.4

 

 

 

6.2

 

 

 

22.2

 

 

 

18.8

 

Net pension cost

 

$

10.3

 

 

$

11.2

 

 

$

31.0

 

 

$

31.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Spire Alabama

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

1.4

 

 

$

1.2

 

 

$

4.1

 

 

$

3.5

 

Interest cost on projected benefit obligation

 

 

1.3

 

 

 

1.3

 

 

 

3.8

 

 

 

3.8

 

Expected return on plan assets

 

 

(1.3

)

 

 

(1.2

)

 

 

(3.9

)

 

 

(3.6

)

Amortization of prior service credit

 

 

(0.7

)

 

 

(0.6

)

 

 

(1.9

)

 

 

(1.8

)

Amortization of actuarial loss

 

 

0.6

 

 

 

0.2

 

 

 

1.8

 

 

 

0.7

 

Subtotal

 

 

1.3

 

 

 

0.9

 

 

 

3.9

 

 

 

2.6

 

Regulatory adjustment

 

 

1.5

 

 

 

2.3

 

 

 

4.4

 

 

 

6.8

 

Net pension cost

 

$

2.8

 

 

$

3.2

 

 

$

8.3

 

 

$

9.4

 

 

 

Three Months Ended
June 30,

 

 

Nine Months Ended
 June 30,

 

 

 

2025

 

 

2024

 

 

2025

 

 

2024

 

Spire

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

1.1

 

 

$

1.2

 

 

$

3.2

 

 

$

3.3

 

Interest cost on accumulated postretirement benefit obligation

 

 

1.7

 

 

 

2.1

 

 

 

5.3

 

 

 

6.6

 

Expected return on plan assets

 

 

(4.1

)

 

 

(3.7

)

 

 

(12.5

)

 

 

(11.9

)

Amortization of prior service cost

 

 

0.1

 

 

 

 

 

 

0.1

 

 

 

0.2

 

Amortization of actuarial gain

 

 

(1.5

)

 

 

(1.2

)

 

 

(4.5

)

 

 

(3.3

)

Subtotal

 

 

(2.7

)

 

 

(1.6

)

 

 

(8.4

)

 

 

(5.1

)

Regulatory adjustment

 

 

1.1

 

 

 

0.1

 

 

 

3.4

 

 

 

0.6

 

Net postretirement benefit income

 

$

(1.6

)

 

$

(1.5

)

 

$

(5.0

)

 

$

(4.5

)

 

 

 

 

 

 

 

 

 

 

 

 

Spire Missouri

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

0.9

 

 

$

0.9

 

 

$

2.6

 

 

$

2.7

 

Interest cost on accumulated postretirement benefit obligation

 

 

1.2

 

 

 

1.6

 

 

 

3.8

 

 

 

4.9

 

Expected return on plan assets

 

 

(2.7

)

 

 

(2.5

)

 

 

(8.2

)

 

 

(7.9

)

Amortization of prior service cost

 

 

0.1

 

 

 

0.1

 

 

 

0.2

 

 

 

0.4

 

Amortization of actuarial gain

 

 

(1.3

)

 

 

(1.0

)

 

 

(3.9

)

 

 

(2.8

)

Subtotal

 

 

(1.8

)

 

 

(0.9

)

 

 

(5.5

)

 

 

(2.7

)

Regulatory adjustment

 

 

1.5

 

 

 

0.6

 

 

 

4.7

 

 

 

1.9

 

Net postretirement benefit income

 

$

(0.3

)

 

$

(0.3

)

 

$

(0.8

)

 

$

(0.8

)

 

 

 

 

 

 

 

 

 

 

 

 

Spire Alabama

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

0.2

 

 

$

0.2

 

 

$

0.6

 

 

$

0.5

 

Interest cost on accumulated postretirement benefit obligation

 

 

0.4

 

 

 

0.5

 

 

 

1.4

 

 

 

1.6

 

Expected return on plan assets

 

 

(1.3

)

 

 

(1.2

)

 

 

(4.0

)

 

 

(3.8

)

Amortization of prior service credit

 

 

 

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.2

)

Amortization of actuarial gain

 

 

 

 

 

 

 

 

(0.1

)

 

 

(0.1

)

Subtotal

 

 

(0.7

)

 

 

(0.6

)

 

 

(2.2

)

 

 

(2.0

)

Regulatory adjustment

 

 

(0.5

)

 

 

(0.5

)

 

 

(1.4

)

 

 

(1.4

)

Net postretirement benefit income

 

$

(1.2

)

 

$

(1.1

)

 

$

(3.6

)

 

$

(3.4

)