The following table presents the carrying values of the major classes of assets and liabilities of the Spire Marketing and Spire Storage disposal groups that were classified as held for sale in prior periods. During the three months ended June 30, 2026, the related assets and liabilities were derecognized and no longer reflected in the Condensed Consolidated Balance Sheet as of June 30, 2026.
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
|
Total |
|
Year Ended September 30, 2025 |
|
|
|
|
|
|
|
|
|
Non-utility property (net of $7.1 and $15.7 accumulated depreciation, respectively) |
|
$ |
1.0 |
|
|
$ |
441.5 |
|
|
$ |
442.5 |
|
Other non-current assets |
|
|
2.0 |
|
|
|
1.4 |
|
|
|
3.4 |
|
Non-current assets held for sale |
|
|
3.0 |
|
|
|
442.9 |
|
|
|
445.9 |
|
Accounts receivable, net |
|
|
93.3 |
|
|
|
12.0 |
|
|
|
105.3 |
|
Inventory |
|
|
31.8 |
|
|
|
2.4 |
|
|
|
34.2 |
|
Prepayments |
|
|
0.2 |
|
|
|
1.5 |
|
|
|
1.7 |
|
Derivative instrument assets |
|
|
41.5 |
|
|
|
— |
|
|
|
41.5 |
|
Current assets held for sale |
|
$ |
166.8 |
|
|
$ |
15.9 |
|
|
$ |
182.7 |
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
|
85.6 |
|
|
|
6.4 |
|
|
|
92.0 |
|
Wages and compensation accrued |
|
|
4.0 |
|
|
|
0.9 |
|
|
|
4.9 |
|
Taxes accrued |
|
|
0.5 |
|
|
|
1.0 |
|
|
|
1.5 |
|
Total Other |
|
|
16.7 |
|
|
|
9.1 |
|
|
|
25.8 |
|
Current liabilities held for sale |
|
|
106.8 |
|
|
|
17.4 |
|
|
|
124.2 |
|
Asset retirement obligations |
|
|
— |
|
|
|
5.6 |
|
|
|
5.6 |
|
Deferred Credits and Other Liabilities held for sale |
|
|
1.6 |
|
|
|
0.2 |
|
|
|
1.8 |
|
Non-current liabilities held for sale |
|
$ |
1.6 |
|
|
$ |
5.8 |
|
|
$ |
7.4 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Dollars in millions) |
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
|
Total |
|
As of June 30, 2025 |
|
|
|
|
|
|
|
|
|
Non-utility property (net of $7.0 and $12.3 accumulated depreciation, respectively) |
|
$ |
1.1 |
|
|
$ |
441.2 |
|
|
$ |
442.3 |
|
Other non-current assets |
|
|
2.4 |
|
|
|
1.4 |
|
|
|
3.8 |
|
Non-current assets held for sale |
|
|
3.5 |
|
|
|
442.6 |
|
|
|
446.1 |
|
Accounts receivable, net |
|
|
109.6 |
|
|
|
8.0 |
|
|
|
117.6 |
|
Inventory |
|
|
30.5 |
|
|
|
6.4 |
|
|
|
36.9 |
|
Prepayments |
|
|
0.2 |
|
|
|
1.8 |
|
|
|
2.0 |
|
Derivative instrument assets |
|
|
43.5 |
|
|
|
(0.1 |
) |
|
|
43.4 |
|
Current assets held for sale |
|
$ |
183.8 |
|
|
$ |
16.1 |
|
|
$ |
199.9 |
|
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
|
92.0 |
|
|
|
8.0 |
|
|
|
100.0 |
|
Wages and compensation accrued |
|
|
3.7 |
|
|
|
0.6 |
|
|
|
4.3 |
|
Taxes accrued |
|
|
0.4 |
|
|
|
0.7 |
|
|
|
1.1 |
|
Total Other |
|
|
15.8 |
|
|
|
11.2 |
|
|
|
27.0 |
|
Current liabilities held for sale |
|
|
111.9 |
|
|
|
20.5 |
|
|
|
132.4 |
|
Asset retirement obligations |
|
|
— |
|
|
|
5.5 |
|
|
|
5.5 |
|
Deferred Credits and Other Liabilities held for sale |
|
|
1.4 |
|
|
|
0.2 |
|
|
|
1.6 |
|
Non-current liabilities held for sale |
|
$ |
1.4 |
|
|
$ |
5.7 |
|
|
$ |
7.1 |
|
The following table presents the results of the Spire Marketing and Spire Storage Disposal Groups, which are included in Income from Discontinued Operations, net of tax, in Spire's Condensed Consolidated Statements of Operations.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2026 |
|
|
|
|
Nine Months Ended
June 30, 2026 |
|
|
|
(Dollars in millions) |
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
Total |
|
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
Total |
|
Operating Revenues |
|
$ |
8.9 |
|
|
$ |
26.1 |
|
$ |
35.0 |
|
|
$ |
118.0 |
|
|
$ |
76.2 |
|
$ |
194.2 |
|
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas |
|
|
11.5 |
|
|
|
— |
|
|
11.5 |
|
|
|
41.9 |
|
|
|
— |
|
|
41.9 |
|
Operation and maintenance |
|
|
2.4 |
|
|
|
18.9 |
|
|
21.3 |
|
|
|
11.5 |
|
|
|
31.5 |
|
|
43.0 |
|
Depreciation and amortization |
|
|
— |
|
|
|
— |
|
|
— |
|
|
|
0.2 |
|
|
|
6.7 |
|
|
6.9 |
|
Taxes, other than income taxes |
|
|
0.1 |
|
|
|
0.5 |
|
|
0.6 |
|
|
|
0.6 |
|
|
|
1.4 |
|
|
2.0 |
|
Total Operating Expenses |
|
|
14.0 |
|
|
|
19.4 |
|
|
33.4 |
|
|
|
54.2 |
|
|
|
39.6 |
|
|
93.8 |
|
Operating (Loss) Income |
|
|
(5.1 |
) |
|
|
6.7 |
|
|
1.6 |
|
|
|
63.8 |
|
|
|
36.6 |
|
|
100.4 |
|
Interest Expense, Net |
|
|
— |
|
|
|
2.6 |
|
|
2.6 |
|
|
|
— |
|
|
|
6.6 |
|
|
6.6 |
|
(Loss) Income Before Income Taxes |
|
|
(5.1 |
) |
|
|
4.1 |
|
|
(1.0 |
) |
|
|
63.8 |
|
|
|
30.0 |
|
|
93.8 |
|
Income Tax (Benefit) Expense |
|
|
(1.3 |
) |
|
|
1.1 |
|
|
(0.2 |
) |
|
|
15.9 |
|
|
|
6.9 |
|
|
22.8 |
|
Net (Loss) Income |
|
$ |
(3.8 |
) |
|
$ |
3.0 |
|
$ |
(0.8 |
) |
|
$ |
47.9 |
|
|
$ |
23.1 |
|
$ |
71.0 |
|
Gain on Sale of Discontinued Operations, Net of Tax |
|
|
91.7 |
|
|
|
162.9 |
|
|
254.6 |
|
|
|
91.7 |
|
|
|
162.9 |
|
|
254.6 |
|
Net Income From Discontinued Operations |
|
$ |
87.9 |
|
|
$ |
165.9 |
|
$ |
253.8 |
|
|
$ |
139.6 |
|
|
$ |
186.0 |
|
$ |
325.6 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended June 30, 2025 |
|
|
|
|
Nine Months Ended
June 30, 2025 |
|
|
|
(Dollars in millions) |
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
Total |
|
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
Total |
|
Operating Revenues |
|
$ |
43.1 |
|
|
$ |
26.3 |
|
$ |
69.4 |
|
|
$ |
129.7 |
|
|
$ |
65.7 |
|
$ |
195.4 |
|
Operating Expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Natural gas |
|
|
7.7 |
|
|
|
— |
|
|
7.7 |
|
|
|
64.6 |
|
|
|
— |
|
|
64.6 |
|
Operation and maintenance |
|
|
3.2 |
|
|
|
7.8 |
|
|
11.0 |
|
|
|
11.8 |
|
|
|
22.2 |
|
|
34.0 |
|
Depreciation and amortization |
|
|
0.2 |
|
|
|
2.7 |
|
|
2.9 |
|
|
|
0.9 |
|
|
|
4.7 |
|
|
5.6 |
|
Taxes, other than income taxes |
|
|
0.3 |
|
|
|
0.4 |
|
|
0.7 |
|
|
|
0.8 |
|
|
|
0.9 |
|
|
1.7 |
|
Total Operating Expenses |
|
|
11.4 |
|
|
|
10.9 |
|
|
22.3 |
|
|
|
78.1 |
|
|
|
27.8 |
|
|
105.9 |
|
Operating Income |
|
|
31.7 |
|
|
|
15.4 |
|
|
47.1 |
|
|
|
51.6 |
|
|
|
37.9 |
|
|
89.5 |
|
Interest Expense, Net |
|
|
— |
|
|
|
2.0 |
|
|
2.0 |
|
|
|
— |
|
|
|
5.9 |
|
|
5.9 |
|
Income Before Income Taxes |
|
|
31.7 |
|
|
|
13.4 |
|
|
45.1 |
|
|
|
51.6 |
|
|
|
32.0 |
|
|
83.6 |
|
Income Tax Expense |
|
|
7.9 |
|
|
|
3.0 |
|
|
10.9 |
|
|
|
12.9 |
|
|
|
7.3 |
|
|
20.2 |
|
Net Income from discontinued operations attributable to Spire Inc. |
|
$ |
23.8 |
|
|
$ |
10.4 |
|
$ |
34.2 |
|
|
$ |
38.7 |
|
|
$ |
24.7 |
|
$ |
63.4 |
|
Spire has elected not to separately disclose discontinued operations on Spire's Condensed Consolidated Statements of Cash Flows. The following table summarizes Spire's cash flows from discontinued operations related to the Spire Marketing and Spire Storage Disposal Groups through their respective dates of disposition. Cash proceeds from the sales of Spire Marketing and Spire Storage are reflected within investing activities during the nine months ended June 30, 2026.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Nine Months Ended June 30, 2026 |
|
|
Nine Months Ended June 30, 2025 |
|
Cash Flow Summary |
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
|
Spire Marketing Disposal Group |
|
|
Spire Storage Disposal Group |
|
Net cash provided by operating activities |
|
$ |
31.6 |
|
|
$ |
567.0 |
|
|
$ |
24.5 |
|
|
$ |
36.1 |
|
Net cash provided by (used in) investing activities |
|
|
80.4 |
|
|
|
(13.3 |
) |
|
|
(24.6 |
) |
|
|
(91.5 |
) |
The following table summarizes the carrying values of the major classes of assets and liabilities of the Spire Mississippi disposal group classified as held for sale in Spire's Condensed Consolidated Balance Sheets:
|
|
|
|
|
(Dollars in millions) |
|
Spire Mississippi Disposal Group |
|
ASSETS |
|
|
|
Utility Plant |
|
$ |
95.1 |
|
Less – Accumulated depreciation and amortization |
|
|
(32.5 |
) |
Net Utility Plant |
|
|
62.6 |
|
Accounts receivable (net of $0.1 allowance) |
|
|
2.9 |
|
Materials and supplies |
|
|
0.8 |
|
Regulatory Assets |
|
|
0.9 |
|
Goodwill (net of $3.9 impairment) |
|
|
14.2 |
|
Current assets held for sale |
|
$ |
81.4 |
|
|
|
|
|
Accounts payable |
|
|
1.0 |
|
Regulatory liabilities - Current |
|
|
— |
|
Asset retirement obligations |
|
|
3.2 |
|
Regulatory liabilities |
|
|
1.4 |
|
Other |
|
|
2.3 |
|
Current liabilities held for sale |
|
$ |
7.9 |
|
|