v3.26.1
Pension Plans and Other Postretirement Benefits (Tables)
6 Months Ended
Mar. 31, 2026
Retirement Benefits [Abstract]  
Schedule of Net Benefit Costs

 

 

Three Months Ended
March 31,

 

 

Six Months Ended
 March 31,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Spire

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

4.3

 

 

$

4.3

 

 

$

8.6

 

 

$

8.8

 

Interest cost on projected benefit obligation

 

 

6.2

 

 

 

5.8

 

 

 

12.3

 

 

 

11.8

 

Expected return on plan assets

 

 

(6.8

)

 

 

(6.4

)

 

 

(13.7

)

 

 

(12.9

)

Amortization of prior service credit

 

 

(1.3

)

 

 

(1.2

)

 

 

(2.3

)

 

 

(2.3

)

Amortization of actuarial loss

 

 

1.5

 

 

 

1.6

 

 

 

2.9

 

 

 

3.2

 

Subtotal

 

 

3.9

 

 

 

4.1

 

 

 

7.8

 

 

 

8.6

 

Regulatory adjustment

 

 

6.6

 

 

 

9.2

 

 

 

12.4

 

 

 

18.1

 

Net pension cost

 

$

10.5

 

 

$

13.3

 

 

$

20.2

 

 

$

26.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Spire Missouri

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

2.9

 

 

$

2.8

 

 

$

5.8

 

 

$

5.7

 

Interest cost on projected benefit obligation

 

 

4.2

 

 

 

4.0

 

 

 

8.3

 

 

 

8.0

 

Expected return on plan assets

 

 

(4.4

)

 

 

(4.3

)

 

 

(8.8

)

 

 

(8.8

)

Amortization of prior service credit

 

 

(0.6

)

 

 

(0.5

)

 

 

(1.0

)

 

 

(1.0

)

Amortization of actuarial loss

 

 

1.0

 

 

 

1.0

 

 

 

1.9

 

 

 

2.0

 

Subtotal

 

 

3.1

 

 

 

3.0

 

 

 

6.2

 

 

 

5.9

 

Regulatory adjustment

 

 

6.2

 

 

 

7.4

 

 

 

11.3

 

 

 

14.8

 

Net pension cost

 

$

9.3

 

 

$

10.4

 

 

$

17.5

 

 

$

20.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Spire Alabama

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

1.2

 

 

$

1.3

 

 

$

2.4

 

 

$

2.7

 

Interest cost on projected benefit obligation

 

 

1.3

 

 

 

1.2

 

 

 

2.6

 

 

 

2.5

 

Expected return on plan assets

 

 

(1.6

)

 

 

(1.3

)

 

 

(3.2

)

 

 

(2.6

)

Amortization of prior service credit

 

 

(0.6

)

 

 

(0.6

)

 

 

(1.2

)

 

 

(1.2

)

Amortization of actuarial loss

 

 

0.5

 

 

 

0.6

 

 

 

1.0

 

 

 

1.2

 

Subtotal

 

 

0.8

 

 

 

1.2

 

 

 

1.6

 

 

 

2.6

 

Regulatory adjustment

 

 

0.4

 

 

 

1.6

 

 

 

0.9

 

 

 

2.9

 

Net pension cost

 

$

1.2

 

 

$

2.8

 

 

$

2.5

 

 

$

5.5

 

 

 

Three Months Ended
March 31,

 

 

Six Months Ended
 March 31,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Spire

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

0.9

 

 

$

1.0

 

 

$

1.9

 

 

$

2.1

 

Interest cost on accumulated postretirement benefit obligation

 

 

1.8

 

 

 

1.8

 

 

 

3.5

 

 

 

3.6

 

Expected return on plan assets

 

 

(4.4

)

 

 

(4.2

)

 

 

(8.9

)

 

 

(8.4

)

Amortization of prior service cost

 

 

0.1

 

 

 

 

 

 

0.3

 

 

 

 

Amortization of actuarial gain

 

 

(1.8

)

 

 

(1.5

)

 

 

(3.8

)

 

 

(3.0

)

Subtotal

 

 

(3.4

)

 

 

(2.9

)

 

 

(7.0

)

 

 

(5.7

)

Regulatory adjustment

 

 

2.1

 

 

 

1.2

 

 

 

4.0

 

 

 

2.3

 

Net postretirement benefit income

 

$

(1.3

)

 

$

(1.7

)

 

$

(3.0

)

 

$

(3.4

)

 

 

 

 

 

 

 

 

 

 

 

 

Spire Missouri

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

0.7

 

 

$

0.8

 

 

$

1.5

 

 

$

1.7

 

Interest cost on accumulated postretirement benefit obligation

 

 

1.3

 

 

 

1.3

 

 

 

2.5

 

 

 

2.6

 

Expected return on plan assets

 

 

(2.9

)

 

 

(2.7

)

 

 

(5.9

)

 

 

(5.5

)

Amortization of prior service cost

 

 

0.1

 

 

 

 

 

 

0.3

 

 

 

0.1

 

Amortization of actuarial gain

 

 

(1.7

)

 

 

(1.3

)

 

 

(3.4

)

 

 

(2.6

)

Subtotal

 

 

(2.5

)

 

 

(1.9

)

 

 

(5.0

)

 

 

(3.7

)

Regulatory adjustment

 

 

2.5

 

 

 

1.6

 

 

 

4.9

 

 

 

3.2

 

Net postretirement benefit income

 

$

 

 

$

(0.3

)

 

$

(0.1

)

 

$

(0.5

)

 

 

 

 

 

 

 

 

 

 

 

 

Spire Alabama

 

 

 

 

 

 

 

 

 

 

 

 

Service cost – benefits earned during the period

 

$

0.2

 

 

$

0.2

 

 

$

0.4

 

 

$

0.4

 

Interest cost on accumulated postretirement benefit obligation

 

 

0.5

 

 

 

0.5

 

 

 

1.0

 

 

 

1.0

 

Expected return on plan assets

 

 

(1.4

)

 

 

(1.4

)

 

 

(2.8

)

 

 

(2.7

)

Amortization of prior service credit

 

 

 

 

 

 

 

 

 

 

 

(0.1

)

Amortization of actuarial gain

 

 

 

 

 

(0.1

)

 

 

(0.1

)

 

 

(0.1

)

Subtotal

 

 

(0.7

)

 

 

(0.8

)

 

 

(1.5

)

 

 

(1.5

)

Regulatory adjustment

 

 

(0.4

)

 

 

(0.4

)

 

 

(0.9

)

 

 

(0.9

)

Net postretirement benefit income

 

$

(1.1

)

 

$

(1.2

)

 

$

(2.4

)

 

$

(2.4

)