v3.26.1
Acquisitions (Tables)
9 Months Ended
Jun. 30, 2026
Business Combination [Abstract]  
Summary of Preliminary Purchase Price Allocation and Estimated Fair Values of Assets Acquired and Liabilities Assumed

The following table summarizes the preliminary purchase price allocation and the estimated fair values of the assets acquired and liabilities assumed:

 

 

 

 

 

(Dollars in millions)

 

 

 

Acquisition consideration:

 

$

2,500.8

 

Assets acquired:

 

 

 

Utility plant

 

$

1,829.4

 

Accounts receivable (net allowance of $1.7)

 

 

65.2

 

Inventories

 

 

7.1

 

Current regulatory assets

 

 

33.4

 

Other current assets

 

 

35.6

 

Non-current regulatory assets

 

 

42.1

 

Other non-current assets

 

 

0.4

 

Total assets acquired

 

 

2,013.2

 

Liabilities assumed:

 

 

 

Accounts payable

 

 

33.5

 

Other current liabilities

 

 

35.6

 

Non-current regulatory liabilities

 

 

173.5

 

Other non-current liabilities

 

 

11.5

 

Total liabilities assumed

 

 

254.1

 

Net assets acquired

 

 

1,759.1

 

Goodwill

 

$

741.7

 

Schedule of Unaudited Pro Forma Financial Information Adjustments

The following unaudited pro forma financial information reflects the consolidated results of operations of the Company from continuing operations, assuming the acquisition had taken place on October 1, 2024. The most significant pro forma adjustments relate to:

 

 

Three Months Ended
June 30,

 

 

Nine Months Ended
 June 30,

 

(In millions, except per share amounts)

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Total Operating Revenues

 

$

420.2

 

 

$

399.4

 

 

$

2,400.9

 

 

$

2,242.1

 

Net (Loss) Income

 

 

(42.6

)

 

 

(31.3

)

 

 

331.7

 

 

284.8