Spire Inc
(NYSE:SR)

Spire Inc., through its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the...

Website: http://www.spireenergy.com

Founded: 1857

Full Time Employees: 3,583

Sector: Utilities

Industry: Utilities-Regulated Gas

Utilities

Share this website to your friends

• Market Cap:

• Exchange:

• Shs Outstanding:

• Employees:

• Beta:

• Return on Equity (ROE) ttm:

• Return on Assets (ROA) ttm:

• EPS ttm:

• Book value per Share:

• Cash per Share:

• Current ast per Share:

• P/E ttm:

• P/E forward:

• P/E ttm high:

• P/E ttm low:

• P/S ttm:

• P/B ttm:

• P/FCF ttm:

• PEG ratio:

• Cash Ratio ttm:

• Quick Ratio ttm:

• Current Ratio ttm:

• Gross Mgn ttm:

• EBITDA Mgn ttm:

• Operating Mgn ttm:

• Net Income Mgn ttm:

• Trailing Div yield:

• Forward Div yield:

• Payout Ratio ttm:

• Ex-Dividend date:

• Target Price High:

• Target Price Low:

• Target Price Mean:

• Number of Analysts:

• Debt Ratio ttm:

• Debt to Equity ttm:

• Total Net Debt:

At a glance:

Bull Thesis:

Bear Thesis:

Main Competitors:

Moat:

Income Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30

operating revenues	762,200,000	334,100,000	421,900,000	1,051,300,000	669,100,000	293,800,000	414,100,000	1,128,500,000	756,600,000	310,400,000	418,500,000	1,123,400,000	814,000,000	314,200,000	448,000,000	880,900,000	555,400,000	290,200,000	327,800,000	1,104,900,000	512,600,000
yoy	13.91%	13.72%	1.88%	-6.84%	-11.56%	-5.35%	-1.05%	0.45%	-7.05%	-1.21%	-6.58%	27.53%	46.56%	8.27%	36.67%	-20.27%	8.35%
qoq	128.14%	-20.81%	-59.87%	57.12%	127.74%	-29.05%	-63.31%	49.15%	143.75%	-25.83%	-62.75%	38.01%	159.07%	-29.87%	-49.14%	58.61%	91.39%	-11.47%	-70.33%	115.55%
operating expenses:
natural gas	312,700,000	77,400,000	103,200,000	454,900,000	270,000,000	54,600,000	140,900,000	540,800,000	367,000,000	85,300,000	169,800,000	586,500,000	419,200,000	79,400,000	203,300,000	392,000,000	249,200,000	49,100,000	96,900,000	619,100,000	181,200,000
operation and maintenance	139,900,000	142,800,000	130,600,000	139,400,000	129,300,000	112,200,000	126,700,000	137,800,000	130,700,000	127,900,000	125,500,000	132,100,000	132,100,000	117,700,000	102,300,000	113,200,000	116,400,000	123,200,000	112,000,000	119,000,000	111,600,000	147,000,000	112,500,000	93,100,000	106,000,000	109,100,000	111,200,000	109,500,000	102,500,000	86,775,000	105,600,000	143,600,000	97,900,000	74,650,000	100,800,000	98,400,000
depreciation and amortization	81,400,000	76,500,000	75,700,000	73,700,000	72,300,000	71,100,000	71,400,000	68,900,000	67,000,000	65,800,000	64,300,000	62,600,000	62,100,000	61,100,000	60,400,000	58,900,000	56,900,000	57,700,000	53,100,000	51,500,000	50,800,000	56,100,000	47,800,000	47,000,000	46,400,000	46,200,000	45,100,000	44,400,000	43,700,000	45,100,000	40,500,000	41,100,000	40,300,000	39,500,000	38,400,000	37,900,000	37,700,000	35,400,000	34,200,000	33,800,000	33,500,000	33,200,000	32,500,000	32,200,000	32,000,000	23,900,000	18,400,000	20,118,000	20,026,000	14,541,000	11,519,000	11,258,000	10,965,000	10,289,000	10,186,000	10,175,000	10,089,000	9,981,000	9,856,000	9,739,000	9,638,000	9,428,000	9,396,000	9,385,000	9,363,000	9,262,000	9,190,000	9,180,000	9,119,000	9,008,000	8,819,000	8,763,000	8,713,000	8,450,000	8,565,000	8,568,000	8,497,000	8,368,000	8,275,000
taxes, other than income taxes	54,700,000	37,900,000	43,200,000	76,900,000	48,700,000	36,100,000	44,400,000	82,400,000	52,700,000	35,300,000	46,900,000	81,900,000	50,400,000	26,200,000	44,100,000	71,600,000	37,600,000	33,500,000	32,600,000	57,900,000	36,100,000	27,100,000	31,700,000	51,700,000	37,900,000	25,400,000	29,700,000	57,400,000	39,200,000	24,300,000	33,500,000	58,000,000	36,700,000	25,600,000	30,500,000	48,300,000	33,400,000	25,700,000	27,400,000	43,900,000	28,200,000	22,200,000	26,200,000	55,700,000	38,000,000	19,400,000	22,200,000	41,739,000	28,589,000	10,554,000	12,968,000	21,751,000	14,806,000	8,070,000	10,842,000	20,093,000	14,667,000	7,986,000	12,332,000	24,686,000	15,748,000	7,117,000	12,016,000	26,050,000	16,224,000	8,244,000	13,821,000	28,216,000	18,358,000	8,538,000	14,549,000	29,255,000	16,681,000	7,894,000	13,360,000	28,348,000	18,759,000	8,127,000	14,014,000
total operating expenses	588,700,000	334,600,000	352,700,000	744,900,000	520,300,000	274,000,000	383,400,000	829,900,000	617,400,000	314,300,000	406,500,000	863,100,000	663,800,000	284,400,000	410,100,000	635,700,000	460,100,000	263,500,000	294,600,000	847,500,000	379,700,000	251,800,000	427,600,000	505,000,000	464,600,000	251,200,000	308,000,000	594,000,000	496,900,000	258,800,000	298,200,000	671,600,000	456,700,000	256,800,000	273,200,000	483,000,000	406,000,000	287,000,000	214,000,000	441,600,000	312,400,000	212,700,000	239,200,000	719,700,000	532,300,000	230,700,000	217,100,000	607,325,000	405,705,000	156,836,000	153,008,000	345,764,000	264,918,000	167,669,000	171,804,000	307,592,000	367,808,000	269,247,000	318,527,000	493,835,000	403,451,000	282,966,000	311,640,000	585,055,000	450,502,000	254,997,000	293,741,000	603,828,000	617,568,000	451,761,000	486,229,000	695,823,000	501,305,000	316,480,000	436,587,000	660,098,000	503,163,000	264,348,000	319,261,000
operating income	173,500,000	-500,000	69,200,000	306,400,000	148,800,000	19,800,000	30,700,000	298,600,000	139,200,000	-3,900,000	12,000,000	260,300,000	150,200,000	29,800,000	37,900,000	245,200,000	95,300,000	26,700,000	33,200,000	257,400,000	132,900,000	100,000	-106,500,000	210,500,000	102,300,000	-25,600,000	13,300,000	209,500,000	105,100,000	-19,600,000	52,400,000	141,800,000	105,100,000	1,900,000	50,300,000	180,400,000	89,100,000	-7,700,000	35,300,000	167,700,000	87,000,000	-8,500,000	36,000,000	157,700,000	87,300,000	-8,400,000	24,700,000	87,179,000	62,905,000	-9,722,000	12,281,000	51,849,000	42,085,000	1,869,000	15,045,000	50,583,000	43,105,000	1,799,000	25,754,000	49,943,000	40,751,000	1,065,000	12,867,000	50,270,000	40,664,000	-3,067,000	16,203,000	55,240,000	56,688,000	28,000	19,259,000	51,883,000	40,046,000	6,792,000	21,340,000	40,736,000	36,398,000	4,646,000	11,281,000
yoy	16.60%	-102.53%	125.41%	2.61%	6.90%	-607.69%	155.83%	14.71%	-7.32%	-113.09%	-68.34%	6.16%	57.61%	11.61%	14.16%	-4.74%	-28.29%	26600.00%	-131.17%	22.28%	29.91%	-100.39%	-900.75%	0.48%	-2.66%	30.61%	-74.62%	47.74%	0.00%	-1131.58%	4.17%	-21.40%	17.96%	-124.68%	42.49%	7.57%	2.41%	-9.41%	-1.94%	6.34%	-0.34%	1.19%	45.75%	80.89%	38.78%	-13.60%	101.12%	68.14%	49.47%	-620.17%	-18.37%	2.50%	-2.37%	3.89%	-41.58%	1.28%	5.78%	68.92%	100.16%	-0.65%	0.21%	-134.72%	-20.59%	-9.00%	-28.27%	-11053.57%	-15.87%	6.47%	41.56%	-99.59%	-9.75%	27.36%	10.02%	46.19%	89.17%
qoq	-34800.00%	-100.72%	-77.42%	105.91%	651.52%	-35.50%	-89.72%	114.51%	-3669.23%	-132.50%	-95.39%	73.30%	404.03%	-21.37%	-84.54%	157.29%	256.93%	-19.58%	-87.10%	93.68%	132800.00%	-100.09%	-150.59%	105.77%	-499.61%	-292.48%	-93.65%	99.33%	-636.22%	-137.40%	-63.05%	34.92%	5431.58%	-96.22%	-72.12%	102.47%	-1257.14%	-121.81%	-78.95%	92.76%	-1123.53%	-123.61%	-77.17%	80.64%	-1139.29%	-134.01%	-71.67%	38.59%	-747.04%	-179.16%	-76.31%	23.20%	2151.74%	-87.58%	-70.26%	17.35%	2296.05%	-93.01%	-48.43%	22.56%	3726.38%	-91.72%	-74.40%	23.62%	-1425.86%	-118.93%	-70.67%	-2.55%	202357.14%	-99.85%	-62.88%	29.56%	489.61%	-68.17%	-47.61%	11.92%	683.43%	-58.82%
operating margin %	22.76%	-0.15%	16.40%	29.14%	22.24%	6.74%	7.41%	26.46%	18.40%	-1.26%	2.87%	23.17%	18.45%	9.48%	8.46%	27.84%	17.16%	9.20%	10.13%	23.30%	25.93%	Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%
interest expense	60,400,000	58,800,000	49,900,000	47,400,000	48,000,000	49,500,000	48,800,000	52,200,000	50,600,000	48,200,000	46,700,000	47,200,000	43,600,000	34,400,000	29,300,000	27,500,000	28,600,000	28,200,000	26,900,000	25,800,000	25,700,000	25,200,000	26,400,000	27,200,000	26,700,000
other income	5,300,000	3,400,000	4,600,000	3,000,000	600,000	-4,800,000	2,400,000	7,300,000	17,500,000	4,100,000	6,300,000	7,000,000	6,000,000	-600,000	-12,100,000	-3,400,000	7,400,000	-8,500,000	-1,000,000	1,800,000	4,300,000	900,000	13,000,000	-19,500,000	5,700,000	5,900,000	6,400,000	6,100,000	2,800,000				2,200,000	1,400,000	1,500,000	3,600,000	500,000	950,000	1,600,000	800,000	1,400,000
income before income taxes	118,400,000	-55,900,000	23,900,000	262,000,000	101,400,000	-34,500,000	-15,700,000	253,700,000	106,100,000	-48,000,000	-28,400,000	220,100,000	112,600,000	-5,200,000	-3,500,000	214,300,000	74,100,000	-10,000,000	5,300,000	233,400,000	111,500,000	-24,200,000	-119,900,000	163,800,000	81,300,000	-45,000,000	-5,900,000	188,000,000	82,000,000	-43,900,000	31,600,000	117,100,000	82,900,000	-20,000,000	30,400,000	161,300,000	67,500,000	-22,400,000	17,500,000	149,200,000	69,400,000	-28,400,000	18,700,000	139,300,000	69,500,000	-25,700,000	10,900,000	77,559,000	54,091,000	-18,314,000	5,023,000	46,484,000	37,143,000	23,436,250	9,330,000	45,685,000	38,730,000	24,948,750	19,764,000	44,121,000	35,910,000													19,030,250	14,024,000	32,349,000	29,748,000	-2,738,000	3,766,000
income tax expense	23,400,000	-16,100,000	3,000,000	52,700,000	20,100,000	-8,600,000	-3,100,000	49,400,000	21,000,000			40,900,000	21,600,000			40,700,000	18,400,000			46,000,000	22,600,000			30,200,000	14,300,000									-6,700,000	8,700,000	53,300,000	22,300,000	-8,200,000	6,800,000	48,400,000	22,500,000	-9,700,000	4,600,000	44,900,000	22,400,000			25,340,000	18,499,000			16,242,000	11,575,000	-4,165,000	897,000	16,001,000	13,556,000	-3,961,000	4,374,000	16,228,000	12,541,000	-2,627,000	1,168,000	15,897,000	12,656,000	-5,942,000	3,774,000	17,356,000	17,321,000	-4,523,000	2,902,000	15,889,000	11,601,000	-1,885,000	4,752,000	11,519,000	10,649,000	-1,913,000	1,026,000
net income	95,000,000	-39,800,000	20,900,000	209,300,000	81,300,000	-25,900,000	-12,600,000	204,300,000	85,100,000	-31,100,000	-21,600,000	179,200,000	91,000,000	-7,100,000	-1,400,000	173,600,000	55,700,000	-9,900,000	5,300,000	187,400,000	88,900,000	-19,700,000	-92,300,000	133,600,000	67,000,000	-34,300,000	-3,000,000	154,600,000	67,300,000	-25,900,000	25,900,000	98,200,000	116,000,000	-13,300,000	21,700,000	108,000,000	45,200,000	-14,200,000	10,700,000	100,800,000	46,900,000	-18,700,000	14,100,000	94,400,000	47,100,000	-14,900,000	11,700,000	52,219,000	35,592,000	-9,636,000	6,585,000	30,242,000	25,568,000	-651,000	8,433,000	29,684,000	25,174,000	-2,827,000	15,390,000	27,893,000	23,369,000	-1,597,000	4,731,000	28,020,000	22,886,000	-4,747,000	6,877,000	30,811,000	31,306,000	-3,594,000	9,259,000	51,354,000	20,903,000	570,000	9,272,000	20,830,000	19,099,000	-825,000	2,740,000
yoy	16.85%	53.67%	-265.87%	2.45%	-4.47%	-16.72%	-41.67%	14.01%	-6.48%	338.03%	1442.86%	3.23%	63.38%	-28.28%	-126.42%	-7.36%	-37.35%	-49.75%	-105.74%	40.27%	32.69%	-42.57%	2976.67%	-13.58%	-0.45%	32.43%	-111.58%	57.43%	-41.98%	94.74%	19.35%	-9.07%	156.64%	-6.34%	102.80%	7.14%	-3.62%	-24.06%	-24.11%	6.78%	-0.42%	25.50%	20.51%	80.78%	32.33%	54.63%	77.68%	72.67%	39.21%	1380.18%	-21.91%	1.88%	1.57%	-76.97%	-45.20%	6.42%	7.72%	77.02%	225.30%	-0.45%	2.11%	-66.36%	-31.21%	-9.06%	-26.90%	32.08%	-25.73%	-40.00%	49.77%	-730.53%	-0.14%	146.54%	9.45%	-169.09%	238.39%
qoq	-338.69%	-290.43%	-90.01%	157.44%	-413.90%	105.56%	-106.17%	140.07%	-373.63%	43.98%	-112.05%	96.92%	-1381.69%	407.14%	-100.81%	211.67%	-662.63%	-286.79%	-97.17%	110.80%	-551.27%	-78.66%	-169.09%	99.40%	-295.34%	1043.33%	-101.94%	129.72%	-359.85%	-200.00%	-73.63%	-15.34%	-972.18%	-161.29%	-79.91%	138.94%	-418.31%	-232.71%	-89.38%	114.93%	-350.80%	-232.62%	-85.06%	100.42%	-416.11%	-227.35%	-77.59%	46.72%	-469.36%	-246.33%	-78.23%	18.28%	-4027.50%	-107.72%	-71.59%	17.92%	-990.48%	-118.37%	-44.82%	19.36%	-1563.31%	-133.76%	-83.12%	22.43%	-582.12%	-169.03%	-77.68%	-1.58%	-971.06%	-138.82%	-81.97%	145.68%	3567.19%	-93.85%	-55.49%	9.06%	-2415.03%	-130.11%
net income margin %	12.46%	-11.91%	4.95%	19.91%	12.15%	-8.82%	-3.04%	18.10%	11.25%	-10.02%	-5.16%	15.95%	11.18%	-2.26%	-0.31%	19.71%	10.03%	-3.41%	1.62%	16.96%	17.34%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	-Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	Infinity%	-Infinity%	Infinity%
provision for preferred dividends	3,700,000	3,700,000	3,700,000		3,700,000	3,700,000	3,700,000	3,700,000									3,700,000
income allocated to participating securities	100,000	-100,000		300,000	100,000	-100,000		300,000	100,000	-100,000	-100,000	400,000	100,000			200,000	100,000	-100,000	100,000	300,000	100,000	-100,000	-100,000	200,000	100,000	-100,000
net income available to common shareholders	91,200,000	-43,400,000	17,200,000	205,300,000	77,500,000	-29,500,000	-16,300,000	200,300,000	81,300,000	-34,700,000	-25,200,000	175,100,000	87,200,000	-10,800,000	-5,100,000	169,700,000	51,900,000	-13,500,000	1,500,000	183,400,000	85,100,000	-23,300,000	-95,900,000	129,700,000	63,200,000	-37,900,000	-4,600,000
weighted-average number of common shares outstanding:
basic	59,000,000	58,500,000	58,900,000	58,300,000	57,700,000	56,100,000	57,700,000	55,800,000	53,500,000	52,500,000	52,500,000	52,500,000	52,400,000	52,000,000	52,200,000	51,800,000	51,600,000	51,600,000	51,600,000	51,600,000	51,500,000	51,200,000	51,200,000	51,000,000	50,900,000	50,700,000	50,700,000	50,600,000	50,600,000	49,100,000	49,600,000	48,200,000	48,200,000	46,900,000	48,100,000	45,600,000	45,500,000	44,100,000	44,400,000	43,300,000	43,200,000	43,200,000	43,200,000	43,100,000	43,100,000	35,800,000	34,900,000	32,617,000	32,570,000	25,875,000	26,110,000	22,421,000	22,372,000	22,262,000	22,282,000	22,254,000	22,193,000
diluted	59,200,000	58,700,000	59,100,000	58,500,000	57,900,000	56,300,000	57,700,000	55,900,000	53,600,000	52,600,000	52,500,000	52,600,000	52,600,000	52,100,000	52,300,000	51,900,000	51,700,000	51,700,000	51,700,000	51,700,000	51,600,000	51,300,000	51,200,000	51,100,000	51,100,000	50,800,000	50,900,000	50,800,000	50,800,000	49,300,000	49,700,000	48,400,000	48,400,000	47,000,000	48,200,000	45,700,000	45,700,000	44,300,000	44,600,000	43,500,000	43,400,000	43,300,000	43,300,000	43,200,000	43,200,000	35,900,000	35,000,000	32,656,000	32,648,000	25,952,000	26,194,000	22,498,000	22,434,000	22,340,000	22,357,000	22,336,000	22,263,000
basic earnings per common share	1,550,000	1,285,000	290,000	3,520,000	1,340,000	1,192,500	-280,000	3,590,000	1,520,000	1,130,000	-480,000	3,330,000	1,660,000	1,042,500	-100,000	3,270,000	1,010,000	1,310,000	30,000	3,560,000	1,650,000	475,000	-1,870,000	2,550,000	1,240,000	1,070,000	-90,000
diluted earnings per common share	1,540,000	1,282,500	290,000	3,510,000	1,340,000	1,190,000	-280,000	3,580,000	1,520,000	1,127,500	-480,000	3,330,000	1,660,000	1,040,000	-100,000	3,270,000	1,010,000	1,307,500	30,000	3,550,000	1,650,000	475,000	-1,870,000	2,540,000	1,240,000	1,067,500	-90,000
benefit from preferred dividends				3,700,000					3,700,000	2,775,000	3,700,000	3,700,000	3,700,000	3,700,000	3,700,000	3,700,000		3,700,000	3,700,000	3,700,000	3,700,000	3,700,000	3,700,000	3,700,000	3,700,000	3,700,000	1,600,000
income tax (benefit) expense										13,925,000	-6,800,000			14,250,000	-2,100,000			17,150,000				4,225,000	-27,600,000			11,300,000	-2,900,000						-33,100,000													10,775,000	-800,000			6,564,000	-1,562,000
impairments																							148,600,000
operating revenues:
gas utility																						378,850,000	305,700,000	679,100,000	530,600,000	207,300,000	301,400,000	776,700,000	573,800,000	220,700,000	334,800,000	790,600,000	541,900,000	240,900,000	305,100,000	641,100,000	472,300,000	193,700,000	253,200,000	611,500,000	398,800,000	203,200,000	260,200,000	847,000,000	581,400,000	179,000,000	214,000,000	634,442,000	435,166,000	111,498,000	131,517,000	354,097,000	250,111,000
gas marketing and other																						22,025,000	15,400,000	36,400,000	36,300,000	18,300,000	19,900,000	26,800,000	28,200,000	18,500,000	15,800,000	22,800,000	19,900,000	17,800,000	18,400,000	22,300,000	22,800,000	85,600,000	-3,900,000	-2,200,000	600,000	1,000,000	15,000,000	30,400,000	38,200,000	43,300,000	27,800,000
total operating revenues																						400,875,000	321,100,000	715,500,000	566,900,000	225,600,000	321,300,000	803,500,000	602,000,000	239,200,000	350,600,000	813,400,000	561,800,000	258,700,000	323,500,000	663,400,000	495,100,000	279,300,000	249,300,000	609,300,000	399,400,000	204,200,000	275,200,000	877,400,000	619,600,000	222,300,000	241,800,000	694,504,000	468,610,000	147,114,000	165,289,000	397,613,000	307,003,000	169,538,000	186,849,000	358,175,000	410,913,000	271,046,000	344,281,000	543,778,000	444,202,000	284,031,000	324,507,000	635,325,000	491,166,000	251,930,000	309,944,000	659,068,000	674,256,000	451,789,000	505,488,000	747,706,000	541,351,000	323,272,000	457,927,000	700,834,000	539,561,000	268,994,000	330,542,000
natural and propane gas																						133,575,000	70,700,000	249,000,000	214,600,000	33,600,000	75,500,000	337,400,000	251,700,000	38,400,000	107,200,000	383,700,000	240,800,000	45,700,000	76,700,000	254,300,000	193,800,000	28,500,000	54,100,000	261,100,000	148,500,000	37,600,000	57,700,000	482,800,000	304,300,000	35,300,000	49,300,000	405,359,000	241,787,000	23,253,000	43,233,000	230,440,000	136,515,000	32,748,000	46,641,000	171,164,000	146,751,000	39,244,000	76,632,000	260,706,000	173,365,000	30,352,000	57,315,000	250,238,000	182,000,000	43,740,000	87,841,000	313,506,000	254,897,000	56,834,000	112,896,000	377,526,000	222,841,000	51,335,000	121,490,000	373,576,000	251,523,000	47,989,000	90,305,000
total gas utility operating expenses																						277,100,000	262,700,000	440,800,000	404,900,000	214,300,000	261,500,000	548,700,000	437,100,000	216,300,000	286,800,000	626,400,000	415,700,000	217,200,000	246,400,000	438,900,000	364,300,000	189,400,000	207,500,000	433,100,000	301,800,000	192,100,000	207,000,000	674,500,000	471,400,000	159,100,000	162,900,000	539,225,000	352,724,000	105,445,000	110,124,000	304,640,000	201,937,000
interest charges:
interest on long-term debt																										15,600,000	20,500,000	21,500,000	20,400,000	20,500,000	20,800,000	21,000,000	20,700,000	19,500,000	19,000,000	19,200,000	19,100,000	17,400,000	16,600,000	16,700,000	16,900,000	16,600,000	16,300,000	16,500,000	17,200,000	12,400,000	8,600,000	8,630,000	9,694,000	8,146,000	6,266,000	5,689,000	5,438,000	5,740,000	5,739,000	5,740,000	5,739,000	5,740,000	5,739,000	5,740,000	5,942,000	6,146,000	6,146,000	6,145,000	6,146,000	6,146,000	6,146,000	6,145,000	6,146,000	4,974,000	4,876,000	4,875,000	5,126,000	5,625,000	5,626,000	5,625,000	5,626,000	5,626,000	5,417,000
other interest charges																										4,175,000	5,100,000	6,100,000	5,500,000	3,900,000	3,400,000	4,400,000	3,700,000	3,400,000	2,400,000	3,500,000	3,000,000	2,100,000	2,800,000	2,600,000	2,100,000	1,900,000	1,500,000	2,600,000	2,000,000	2,600,000	2,800,000	742,000	767,000	866,000	594,000	1,016,000	588,000	446,000	427,000	539,000	575,000	555,000	408,000	549,000	744,000	549,000	631,000	526,000	563,000	612,000	737,000	1,168,000	2,646,000	1,732,000	1,189,000	2,056,000	4,163,000	2,955,000	1,825,000	2,940,000	3,434,000	2,524,000	2,589,000
total interest charges																										19,775,000	25,600,000	27,600,000	25,900,000	24,400,000	24,200,000	25,400,000	24,400,000	22,900,000	21,400,000	22,700,000	22,100,000	19,500,000	19,400,000	19,300,000	19,000,000	18,500,000	17,800,000	19,100,000	19,200,000	15,000,000	11,400,000	9,372,000	10,461,000	9,012,000	6,860,000	6,705,000	6,026,000	6,186,000	6,166,000	6,279,000	6,314,000	6,295,000	6,147,000	6,289,000	6,686,000	6,695,000	6,777,000	6,671,000	6,709,000	6,758,000	6,883,000	7,313,000	8,792,000	6,706,000	6,412,000	7,001,000	10,182,000	9,473,000	8,345,000	9,458,000	9,953,000	9,043,000	8,900,000
income tax benefit																												33,400,000	14,700,000	-2,125,000	5,700,000	18,900,000
weighted-average number of shares outstanding:
basic	59,000,000	58,500,000	58,900,000	58,300,000	57,700,000	56,100,000	57,700,000	55,800,000	53,500,000	52,500,000	52,500,000	52,500,000	52,400,000	52,000,000	52,200,000	51,800,000	51,600,000	51,600,000	51,600,000	51,600,000	51,500,000	51,200,000	51,200,000	51,000,000	50,900,000	50,700,000	50,700,000	50,600,000	50,600,000	49,100,000	49,600,000	48,200,000	48,200,000	46,900,000	48,100,000	45,600,000	45,500,000	44,100,000	44,400,000	43,300,000	43,200,000	43,200,000	43,200,000	43,100,000	43,100,000	35,800,000	34,900,000	32,617,000	32,570,000	25,875,000	26,110,000	22,421,000	22,372,000	22,262,000	22,282,000	22,254,000	22,193,000
diluted	59,200,000	58,700,000	59,100,000	58,500,000	57,900,000	56,300,000	57,700,000	55,900,000	53,600,000	52,600,000	52,500,000	52,600,000	52,600,000	52,100,000	52,300,000	51,900,000	51,700,000	51,700,000	51,700,000	51,700,000	51,600,000	51,300,000	51,200,000	51,100,000	51,100,000	50,800,000	50,900,000	50,800,000	50,800,000	49,300,000	49,700,000	48,400,000	48,400,000	47,000,000	48,200,000	45,700,000	45,700,000	44,300,000	44,600,000	43,500,000	43,400,000	43,300,000	43,300,000	43,200,000	43,200,000	35,900,000	35,000,000	32,656,000	32,648,000	25,952,000	26,194,000	22,498,000	22,434,000	22,340,000	22,357,000	22,336,000	22,263,000
basic earnings per share																												3.05	1.33	1.23	0.52	2.03	2.4
diluted earnings per share																												3.04	1.32	1.228	0.52	2.03	2.39
other income - net																														1,575,000	3,400,000	700,000
dividends declared per share																														0.422	0.563	0.563	0.563
see the accompanying notes to financial statements.
basic earnings per share of common stock																																		-0.32	0.45	2.36	0.99	-0.36	0.24	2.32	1.08	-0.43	0.32	2.18	1.09	-0.61	0.34	1.59	1.09	-0.59	0.25	1.34	1.14	0.708	0.38	1.33	1.13	0.748	0.69	1.25	1.05	0.628	0.21	1.26	1.03								0.97	0.03	0.43	0.97	0.89	-0.04	0.13
diluted earnings per share of common stock																																		-0.32	0.45	2.36	0.99	-0.36	0.24	2.31	1.08	-0.43	0.32	2.18	1.09	-0.62	0.33	1.59	1.09	-0.6	0.25	1.34	1.14	0.705	0.38	1.32	1.12	0.745	0.69	1.25	1.05	0.625	0.21	1.26	1.03								0.97	0.02	0.43	0.97	0.89	-0.04	0.13
dividends declared per share of common stock																																		0.395	0.53	0.53	0.53	0.368	0.49	0.49	0.49	0.345	0.46	0.46	0.46	0.33	0.44	0.44	0.44	0.319	0.425	0.425	0.425	0.311	0.415	0.415	0.415	0.304	0.405	0.405	0.405	0.296	0.395	0.395	0.395	0.289	0.385	0.385	0.385	0.281	0.375	0.375	0.375	0.274	0.365	0.365	0.365	0.264	0.355
other operation and maintenance expenses																																					99,400,000	99,800,000	91,800,000	94,300,000	91,600,000	99,100,000	90,600,000	103,800,000	97,100,000	80,500,000	73,000,000	72,009,000	62,322,000	57,097,000	42,404,000
other income and																																										650,000	500,000
see the accompanying notes to the financial statements.
other income – net																																												700,000	1,400,000
weighted-average number of common stock outstanding:
basic	59,000,000	58,500,000	58,900,000	58,300,000	57,700,000	56,100,000	57,700,000	55,800,000	53,500,000	52,500,000	52,500,000	52,500,000	52,400,000	52,000,000	52,200,000	51,800,000	51,600,000	51,600,000	51,600,000	51,600,000	51,500,000	51,200,000	51,200,000	51,000,000	50,900,000	50,700,000	50,700,000	50,600,000	50,600,000	49,100,000	49,600,000	48,200,000	48,200,000	46,900,000	48,100,000	45,600,000	45,500,000	44,100,000	44,400,000	43,300,000	43,200,000	43,200,000	43,200,000	43,100,000	43,100,000	35,800,000	34,900,000	32,617,000	32,570,000	25,875,000	26,110,000	22,421,000	22,372,000	22,262,000	22,282,000	22,254,000	22,193,000
diluted	59,200,000	58,700,000	59,100,000	58,500,000	57,900,000	56,300,000	57,700,000	55,900,000	53,600,000	52,600,000	52,500,000	52,600,000	52,600,000	52,100,000	52,300,000	51,900,000	51,700,000	51,700,000	51,700,000	51,700,000	51,600,000	51,300,000	51,200,000	51,100,000	51,100,000	50,800,000	50,900,000	50,800,000	50,800,000	49,300,000	49,700,000	48,400,000	48,400,000	47,000,000	48,200,000	45,700,000	45,700,000	44,300,000	44,600,000	43,500,000	43,400,000	43,300,000	43,300,000	43,200,000	43,200,000	35,900,000	35,000,000	32,656,000	32,648,000	25,952,000	26,194,000	22,498,000	22,434,000	22,340,000	22,357,000	22,336,000	22,263,000
see accompanying notes to the financial statements.
other income and (income deductions) – net																																														-2,300,000	-2,400,000	-248,000	1,647,000	420,000	-398,000	1,340,000	1,084,000	942,750	451,000	1,381,000	1,939,000	617,250	157,000	467,000	1,845,000	428,500		318,000	1,587,000	579,250	1,331,000	247,000	739,000	722,250		1,076,000	2,650,000	1,409,000	1,029,000	1,071,000	3,303,000	1,659,000	1,385,000
gas marketing																																																59,811,000	33,253,000	35,209,000	33,433,000	41,255,000	55,249,000																				181,798,000	170,616,000	218,771,000	175,850,000	153,467,000	130,135,000	130,372,000
other																																																251,000	191,000	407,000	339,000	2,261,000	1,643,000	1,963,000	376,000	121,000	1,423,000	1,550,000	18,549,000	292,000	351,000	451,000	455,000	332,000	10,712,000	1,044,000	1,170,000	1,011,000	1,115,000	1,067,000	1,244,000	1,230,000	1,299,000	1,416,000	1,753,000	1,257,000	1,177,000	1,133,000	1,063,000
see notes to consolidated financial statements.
other operation expenses																																																				35,267,000	33,920,000	36,193,000	32,639,000	38,043,000	37,565,000	36,597,000	36,930,000	39,500,000	34,862,000	33,526,000	33,227,000	37,779,000	37,463,000	36,090,000	33,900,000	40,251,000	36,301,000	36,124,000	34,285,000	38,989,000	35,213,000	32,019,000	29,283,000	36,816,000	33,680,000	26,282,000	31,029,000
maintenance																																																				5,924,000	5,731,000	6,130,000	5,712,000	5,761,000	5,308,000	6,536,000	5,932,000	6,441,000	6,140,000	6,653,000	7,198,000	7,219,000	6,174,000	7,364,000	6,659,000	7,261,000	6,534,000	7,235,000	6,543,000	5,814,000	6,235,000	6,818,000	5,830,000	6,060,000	5,598,000	5,463,000	5,480,000
regulated gas distribution																																																						97,466,000	116,459,000	298,620,000	250,902,000	95,949,000	151,423,000	388,375,000	277,443,000	83,103,000	124,745,000	373,520,000	282,929,000	95,092,000	160,332,000	440,468,000	358,101,000	110,708,000	189,598,000	507,089,000
non-regulated gas marketing																																																						70,109,000	70,014,000	59,434,000	158,588,000	173,547,000	174,309,000	155,111,000	166,408,000	200,477,000	199,307,000	261,473,000	197,525,000	155,794,000	148,442,000	217,589,000	315,040,000	340,014,000	314,646,000	239,387,000
total regulated gas distribution operating expenses																																																						93,430,000	106,020,000	245,236,000	214,380,000	100,344,000	141,682,000	341,072,000	239,753,000	87,076,000	119,152,000	330,671,000	251,224,000	104,700,000	151,411,000	398,414,000	325,209,000
average number of common shares outstanding:
basic																																																										12,000	22,120,000	22,100,000	22,041,000	8,000	21,997,000	21,980,000	21,957,000	9,000	21,904,000	21,891,000	21,857,000
diluted																																																										11,000	22,188,000	22,172,000	22,120,000	14,000	22,048,000	22,027,000	22,001,000	8,000	22,018,000	22,017,000	22,013,000
income before income taxes and dividends
on laclede gas redeemable preferred stock																																																														21,339,500	5,899,000	43,917,000	35,542,000
dividends on laclede gas redeemable preferred stock																																																																		3,750		7,000	8,000	6,750	8,000	9,000
interest on long-term debt to unconsolidated affiliate trust																																																																							347,000	70,000	893,000				893,000
income from continuing operations before income taxes
and dividends on laclede gas redeemable preferred stock																																																																		26,865,000	10,651,000	48,174,000	48,635,000	22,859,250	12,011,000	45,958,000
income from continuing operations																																																																		-4,747,000	6,877,000	30,811,000	31,306,000	-3,171,000	9,101,000	30,060,000
income from discontinued operations																																																																						-0.02	0.01
of income tax																																																																						-423,000	158,000	21,294,000
basic earnings per share of common stock:
diluted earnings per share of common stock:
loss from discontinued operations, net of income tax
loss from discontinued operations
regulated
total regulated operating expenses																																																																						117,739,000	177,092,000	460,347,000	289,683,000	106,516,000	178,528,000	453,368,000	318,057,000	96,229,000	149,103,000
average number of common shares outstanding																																																																						5,403,500	21,701,000	21,589,000	21,554,000	21,000	21,478,000	21,445,000	21,381,000	17,000	21,269,000
income (loss) from discontinued operations																																																																								0.99
gas distribution																																																																									320,892,000	103,777,000	185,696,000	493,593,000	348,488,000	91,637,000	148,690,000
non-regulated
services																																																																									37,362,000	47,463,000	51,707,000	30,134,000	36,429,000	46,089,000	50,417,000
income before income taxes and dividends on
redeemable preferred stock – laclede gas																																																																									32,514,000
dividends on redeemable preferred stock – laclede gas																																																																									10,000				12,000
interest on long-term debt to unconsolidated
affiliate trust																																																																										670,000	894,000	893,000		670,000	894,000
dividends on redeemable preferred stock –
laclede gas																																																																										8,250	10,000	11,000		9,250	12,000
net income applicable to common stock																																																																										12,292,000	9,262,000	20,819,000	19,087,000	-836,000	2,728,000

Balance Sheets:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-06-30	2012-03-31	2011-12-31	2011-06-30	2011-03-31	2010-12-31	2010-06-30	2010-03-31	2009-12-31	2009-06-30	2009-03-31	2008-12-31

assets
utility plant	9,490,100,000	9,333,900,000	9,236,200,000	9,080,600,000	8,946,300,000	8,779,100,000	8,612,900,000	8,480,300,000	8,345,000,000	8,210,100,000	8,016,700,000	7,892,400,000	7,769,400,000	7,664,900,000	7,549,700,000	7,443,700,000	7,329,200,000	7,225,000,000	7,110,200,000	6,974,300,000	6,860,200,000	6,766,300,000	6,472,200,000	6,369,400,000	6,256,100,000	6,146,500,000	5,990,600,000	5,856,800,000	5,754,800,000	5,653,300,000	5,501,600,000	5,403,400,000	5,351,700,000	5,278,400,000	5,071,400,000	4,978,800,000	4,893,200,000	4,793,600,000	4,339,500,000	4,271,300,000	4,220,600,000	4,234,500,000	4,108,400,000	4,037,800,000	3,979,700,000	3,928,300,000	2,360,300,000	2,325,358,000	2,295,248,000	2,271,189,000	1,567,296,000	1,538,890,000	1,508,770,000	1,455,004,000	1,425,922,000	1,400,001,000	1,362,780,000	1,351,293,000	1,338,568,000	1,311,881,000	1,301,013,000	1,288,862,000	1,268,173,000	1,247,921,000	1,239,063,000
less: accumulated depreciation and amortization	2,628,200,000	2,577,400,000	2,571,800,000	2,575,100,000	2,570,300,000	2,535,800,000	2,510,400,000	2,509,300,000	2,467,300,000	2,431,200,000	2,382,900,000	2,358,500,000	2,326,500,000	2,294,500,000	2,256,700,000	2,241,900,000	2,204,400,000	2,169,300,000	2,173,100,000	2,145,100,000	2,113,300,000	2,086,200,000	1,882,100,000	1,848,400,000	1,823,800,000	1,794,500,000	1,770,400,000	1,738,500,000	1,709,500,000	1,682,800,000	1,669,800,000	1,645,000,000	1,641,000,000	1,613,200,000	1,609,600,000	1,585,900,000	1,561,400,000	1,506,400,000	1,311,500,000	1,286,100,000	1,267,300,000	1,307,000,000	1,239,100,000	1,213,100,000	1,195,300,000		532,400,000	522,408,000	507,457,000		484,380,000	478,971,000	470,840,000	474,008,000	468,209,000	463,148,000	455,075,000	453,271,000	447,582,000	438,435,000	435,205,000	429,892,000	419,165,000	414,956,000	410,662,000
net utility plant	6,861,900,000	6,756,500,000	6,664,400,000	6,505,500,000	6,376,000,000	6,243,300,000	6,102,500,000	5,971,000,000	5,877,700,000	5,778,900,000	5,633,800,000	5,533,900,000	5,442,900,000	5,370,400,000	5,293,000,000	5,201,800,000	5,124,800,000	5,055,700,000	4,937,100,000	4,829,200,000	4,746,900,000	4,680,100,000	4,590,100,000	4,521,000,000	4,432,300,000	4,352,000,000	4,220,200,000	4,118,300,000	4,045,300,000	3,970,500,000	3,831,800,000	3,758,400,000	3,710,700,000	3,665,200,000	3,461,800,000	3,392,900,000	3,331,800,000	3,287,200,000	3,028,000,000	2,985,200,000	2,953,300,000	2,927,500,000	2,869,300,000	2,824,700,000	2,784,400,000	2,759,700,000	1,827,900,000	1,802,950,000	1,787,791,000	1,776,630,000	1,082,916,000	1,059,919,000	1,037,930,000	980,996,000	957,713,000	936,853,000	907,705,000	898,022,000	890,986,000	873,446,000	865,808,000	858,970,000	849,008,000	832,965,000	828,401,000
non-utility property	1,003,400,000	1,007,200,000	1,011,200,000	1,005,700,000	982,500,000	955,300,000	917,900,000	886,200,000	687,100,000	628,500,000	582,700,000	520,400,000	508,900,000	491,400,000	476,900,000	475,800,000	474,200,000	471,100,000	463,600,000	457,000,000	448,700,000	432,300,000	420,100,000	547,400,000	518,700,000	477,800,000	416,600,000	329,100,000	254,500,000	174,500,000	143,500,000	116,900,000	105,300,000	52,000,000	39,900,000	26,600,000	19,700,000	13,700,000	13,800,000	13,800,000	13,900,000	13,700,000	12,200,000	10,500,000	9,500,000	9,200,000	8,200,000	5,539,000	5,249,000	7,694,000	5,892,000	5,456,000	5,788,000	5,899,000	4,448,000	4,449,000	4,597,000	4,418,000	4,538,000	4,449,000	4,072,000	4,123,000	4,554,000	4,591,000	4,055,000
other investments	125,400,000	128,000,000	125,400,000	117,900,000	118,500,000	115,300,000	112,100,000	105,300,000	105,500,000	102,600,000	102,500,000	131,300,000	93,500,000	87,800,000	90,500,000	89,000,000	90,400,000	83,100,000	76,400,000	76,400,000	74,800,000	71,700,000	70,600,000	68,100,000	74,700,000	72,300,000	74,800,000	68,400,000	69,500,000	68,700,000	71,000,000	66,400,000	66,300,000	64,200,000	63,800,000	63,200,000	61,900,000	62,100,000	62,400,000	61,100,000	60,800,000	59,900,000	63,100,000	60,800,000	60,900,000	60,000,000	60,400,000	62,231,000	62,774,000	58,306,000	53,337,000	52,910,000	51,631,000	55,117,000	54,688,000	52,508,000	52,290,000	53,485,000	50,505,000	49,112,000	49,193,000	46,321,000	45,090,000	43,805,000	42,995,000
total other property and investments	1,128,800,000	1,135,200,000	1,136,600,000	1,123,600,000	1,101,000,000	1,070,600,000	1,030,000,000	991,500,000	792,600,000	731,100,000	685,200,000	651,700,000	602,400,000	579,200,000	567,400,000	564,800,000	564,600,000	554,200,000	540,000,000	533,400,000	523,500,000	504,000,000	490,700,000	615,500,000	593,400,000	550,100,000	1,663,000,000	1,569,100,000	1,495,600,000		1,386,100,000	1,354,900,000	1,343,200,000		1,267,600,000	1,253,700,000	1,243,000,000		1,022,200,000	1,020,900,000	1,020,700,000		1,021,300,000	1,017,300,000
current assets:
cash and cash equivalents	4,100,000	5,700,000	13,100,000	15,200,000	11,500,000	4,500,000	7,400,000	25,600,000	4,800,000	5,600,000	5,300,000	6,900,000	4,800,000	6,500,000	16,000,000	8,300,000	8,200,000	4,300,000	23,900,000	104,000,000	3,500,000	4,100,000	7,400,000	108,400,000	21,500,000	5,800,000	5,800,000	11,100,000	8,400,000	4,400,000	6,900,000	17,800,000	6,700,000	7,400,000	8,300,000	19,600,000	10,600,000	5,200,000	4,900,000	8,700,000	4,600,000	13,800,000	5,700,000	46,900,000	13,400,000	16,100,000	571,800,000	10,931,000	34,518,000	52,981,000	556,489,000	146,880,000	46,563,000	21,523,000	9,302,000	44,579,000	60,922,000	22,982,000	25,087,000	109,287,000	83,765,000	80,029,000	89,075,000	93,602,000	30,080,000
accounts receivable:
utility	426,200,000	191,900,000	228,000,000	373,400,000	379,600,000	196,300,000	238,400,000	398,500,000	428,800,000	192,400,000	245,900,000	453,700,000	479,400,000	210,800,000	266,100,000	389,200,000	476,200,000	338,400,000	342,600,000	447,700,000	281,500,000	131,800,000	153,200,000	248,200,000	282,000,000	139,800,000	167,200,000	318,600,000	339,200,000	151,900,000	159,800,000	302,400,000	333,600,000	140,500,000	141,900,000	238,500,000	310,400,000	127,800,000	133,100,000	217,100,000	224,700,000	138,100,000	139,700,000	303,800,000	355,400,000		127,800,000	275,688,000	254,692,000	101,118,000	70,380,000	148,624,000	130,925,000	65,762,000	100,015,000	135,758,000	87,021,000	146,821,000	165,171,000	79,729,000	130,460,000	159,423,000	95,691,000	166,854,000	208,744,000
other	198,800,000	152,700,000	163,800,000	193,300,000	172,300,000	112,500,000	113,400,000	107,300,000	150,600,000	128,600,000	127,400,000	166,000,000	334,700,000	443,800,000	353,700,000	245,400,000	304,200,000	288,200,000	193,900,000	182,300,000	170,400,000	146,400,000	122,400,000	132,800,000	195,600,000	172,800,000	193,200,000	196,500,000	242,100,000	167,300,000	111,600,000	111,300,000	135,300,000	149,200,000	124,000,000	127,900,000	133,400,000	113,400,000	82,700,000	66,800,000	85,500,000	86,700,000	86,700,000	70,100,000	76,600,000	84,500,000	91,700,000	14,579,000	21,801,000	14,451,000	17,123,000	9,290,000	17,822,000	22,927,000	18,666,000	17,554,000	6,233,000	7,505,000	11,055,000	5,642,000	6,466,000	15,781,000	11,345,000	5,090,000	10,629,000
allowance for credit losses	-28,700,000	-28,800,000	-33,800,000	-36,800,000	-34,700,000	-31,400,000	-33,200,000	-39,100,000	-35,400,000	-32,500,000	-34,700,000	-40,600,000	-34,500,000	-31,900,000	-32,600,000	-35,100,000	-31,400,000	-30,300,000	-34,500,000	-34,400,000	-28,900,000
delayed customer billings	18,500,000	13,600,000	18,300,000	37,400,000	18,400,000	12,000,000	26,800,000	54,800,000	22,000,000	22,000,000	58,600,000	85,600,000	26,700,000	21,300,000	45,400,000	54,700,000	11,400,000	9,200,000	13,200,000	20,700,000	13,600,000	10,000,000	10,500,000	16,900,000	6,600,000	4,300,000	19,400,000	43,800,000	10,900,000	6,900,000	32,800,000	45,600,000	7,500,000	3,400,000	7,000,000	11,600,000	5,300,000	1,600,000	3,500,000	10,100,000	8,700,000	2,600,000	21,900,000	61,700,000	14,600,000	10,800,000	28,700,000	29,667,000			11,319,000	19,663,000			13,464,000		11,517,000	32,398,000		12,535,000	38,955,000		10,530,000	35,213,000
inventories:
natural gas	203,400,000	226,900,000	169,900,000	124,600,000	187,000,000	208,600,000	175,000,000	159,000,000	220,600,000	223,700,000	184,900,000	146,800,000	320,000,000	371,800,000	250,800,000	125,000,000	284,800,000	267,700,000	179,900,000	143,000,000	145,900,000	154,300,000	110,500,000	90,300,000	149,100,000	162,600,000	123,800,000	91,300,000	176,200,000	175,200,000	119,800,000	94,300,000	171,600,000	194,900,000	144,400,000	117,600,000	161,900,000	174,000,000	116,600,000	97,500,000	176,600,000	188,600,000	136,700,000	90,800,000	219,500,000	245,500,000
propane gas	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,600,000	8,700,000	8,700,000	8,700,000	8,700,000	10,700,000	10,700,000	10,700,000	10,700,000	10,700,000	10,700,000	10,700,000	10,700,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	12,000,000	11,900,000	11,900,000	11,700,000	9,400,000	6,633,000	6,022,000	8,962,000	8,963,000	8,963,000	10,200,000	10,051,000
materials and supplies	47,500,000	47,000,000	46,400,000	45,900,000	47,000,000	46,700,000	46,500,000	47,200,000	47,400,000	47,200,000	49,600,000	48,900,000	44,100,000	41,900,000	40,900,000	34,700,000	32,100,000	28,600,000	27,800,000	28,300,000	27,900,000	26,500,000	27,400,000	26,100,000	25,800,000	23,300,000	23,700,000	24,300,000	24,500,000	23,100,000	21,400,000	22,200,000	21,300,000	18,900,000	18,400,000	16,800,000	16,600,000	16,300,000	15,300,000	14,500,000	14,900,000	14,800,000	14,600,000	14,300,000	14,100,000	13,000,000
regulatory assets	63,400,000	78,300,000	35,000,000	42,300,000	89,600,000	115,400,000	89,800,000	116,900,000	256,400,000	348,300,000	93,300,000	143,000,000	269,100,000	355,400,000	152,000,000	164,000,000	265,700,000	306,500,000	65,100,000	60,400,000	70,500,000	69,500,000	70,200,000	68,000,000	67,900,000	78,600,000	79,000,000	75,300,000	655,100,000	669,800,000	695,100,000	673,600,000	716,600,000	791,100,000	840,500,000	827,700,000	786,400,000	838,000,000	730,700,000	732,600,000	31,700,000	27,600,000	27,000,000	27,400,000	615,800,000	637,400,000	540,000,000	537,398,000	530,963,000	545,947,000	432,700,000	424,743,000	440,880,000	433,376,000	457,749,000	458,648,000	427,021,000	420,733,000	453,030,000	457,034,000	467,078,000	467,130,000	388,869,000	395,869,000	354,274,000
prepayments	34,500,000	47,800,000	60,600,000	39,200,000	41,500,000	47,600,000	59,300,000	34,100,000	43,300,000	48,200,000	55,100,000	32,500,000	31,600,000	41,100,000	55,000,000	26,600,000	25,500,000	29,000,000	42,400,000	29,400,000	30,800,000	29,200,000	42,200,000	27,900,000	30,800,000	29,100,000	39,500,000	21,000,000	25,700,000	31,000,000
total current assets	1,038,500,000	807,700,000	780,100,000	907,800,000	988,000,000	771,300,000	825,800,000	1,005,700,000	1,219,900,000	1,076,900,000	861,200,000	1,111,600,000	1,629,700,000	1,592,000,000	1,261,100,000	1,089,300,000	1,435,300,000	1,316,500,000	898,300,000	1,040,000,000	770,000,000	590,600,000	559,300,000	718,800,000	776,400,000	614,500,000	649,800,000	793,600,000	905,300,000	659,600,000	584,900,000	718,300,000	852,500,000	725,500,000	629,100,000	684,300,000	815,600,000	569,600,000	453,400,000	503,800,000	636,000,000	530,100,000	483,000,000	637,200,000	816,100,000	604,900,000	995,200,000	541,631,000	570,724,000	475,880,000	841,389,000	459,913,000	400,063,000	261,691,000	277,810,000	415,513,000	344,650,000	351,135,000	437,687,000	387,075,000	438,175,000	476,699,000	372,702,000	501,978,000	639,901,000
deferred charges and other assets:
goodwill	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,171,600,000	1,163,900,000	1,163,900,000	1,161,400,000	1,164,900,000	946,000,000	946,000,000	946,000,000	946,000,000	946,000,000	946,000,000	937,800,000	937,800,000	210,000,000	216,370,000	235,814,000	247,078,000
total deferred charges and other assets	2,852,700,000	2,875,900,000	2,815,200,000	2,809,800,000	2,810,800,000	2,775,500,000	2,752,600,000	2,743,200,000	2,741,500,000	2,726,700,000	2,857,300,000	2,751,800,000	2,652,700,000	2,542,100,000	2,662,400,000	2,545,400,000	2,525,800,000	2,430,000,000	2,517,900,000	2,534,200,000	2,475,200,000	2,466,500,000	2,182,500,000	2,162,700,000	2,158,900,000	2,102,600,000	799,000,000	792,600,000	786,000,000	798,700,000
total assets	11,881,900,000	11,575,300,000	11,396,300,000	11,346,700,000	11,275,800,000	10,860,700,000	10,710,900,000	10,711,400,000	10,631,700,000	10,313,600,000	10,037,500,000	10,049,000,000	10,327,700,000	10,083,700,000	9,783,900,000	9,401,300,000	9,650,500,000	9,356,400,000	8,893,300,000	8,936,800,000	8,515,600,000	8,241,200,000	7,822,600,000	8,018,000,000	7,961,000,000	7,619,200,000	7,332,000,000	7,273,600,000	7,232,200,000	6,843,600,000	6,584,900,000	6,586,800,000	6,701,100,000	6,546,700,000	6,298,200,000	6,256,700,000	6,310,100,000	6,077,400,000	5,310,900,000	5,319,800,000	5,411,400,000	5,290,200,000	5,082,900,000	5,180,700,000	5,288,500,000	5,074,000,000	3,656,700,000	3,180,471,000	3,206,730,000	3,125,386,000	2,422,039,000	2,009,098,000	1,942,155,000	1,741,338,000	1,758,131,000	1,874,330,000	1,742,304,000	1,734,417,000	1,844,227,000	1,776,920,000	1,830,905,000	1,860,028,000	1,666,004,000	1,784,956,000	1,875,646,000
capitalization and liabilities
capitalization:
preferred stock	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000	242,000,000
common stock	59,100,000	59,000,000	59,000,000	59,000,000	58,300,000	57,700,000	57,700,000	57,700,000	55,000,000	53,200,000	52,600,000	52,600,000	52,500,000	52,500,000	52,500,000	52,100,000	51,700,000	51,700,000	51,700,000	51,700,000	51,700,000	51,600,000	51,500,000	51,200,000	51,100,000	51,000,000	50,800,000	50,700,000	50,700,000		50,700,000	48,400,000	48,300,000		48,200,000	45,700,000	45,700,000		45,600,000	43,400,000	43,400,000		43,300,000	43,300,000	43,300,000		43,200,000	32,777,000	32,751,000		32,676,000	22,644,000	22,564,000	22,505,000	22,490,000	22,479,000	22,417,000	22,400,000	22,376,000	22,282,000	22,271,000	22,252,000	22,158,000	22,139,000	22,129,000
paid-in capital	1,981,800,000	1,981,400,000	1,979,200,000	1,977,400,000	1,933,700,000	1,902,200,000	1,901,500,000	1,899,700,000	1,727,400,000	1,616,500,000	1,578,300,000	1,576,500,000	1,571,800,000	1,571,300,000	1,570,000,000	1,541,100,000	1,516,900,000	1,517,900,000	1,513,900,000	1,512,200,000	1,550,000,000	1,549,200,000	1,539,900,000	1,520,700,000	1,506,700,000	1,505,800,000	1,492,700,000	1,485,600,000	1,482,800,000		1,480,200,000	1,327,300,000	1,324,900,000		1,323,700,000	1,177,700,000	1,175,700,000		1,173,500,000	1,040,300,000	1,038,700,000		1,035,600,000	1,033,300,000	1,031,000,000		1,027,500,000	597,468,000	594,857,000		592,946,000	172,736,000	169,496,000	166,717,000	165,056,000	163,944,000	162,309,000	160,152,000	158,976,000	157,362,000	156,018,000	154,697,000	152,904,000	151,327,000	150,166,000
retained earnings	1,127,700,000	1,087,600,000	1,179,500,000	1,207,600,000	1,050,500,000	1,018,700,000	1,093,400,000	1,155,300,000	997,300,000	958,000,000	1,028,400,000	1,089,500,000	953,000,000	905,500,000	949,200,000	992,300,000	859,500,000	843,000,000	887,600,000	920,100,000	771,200,000	720,700,000	774,600,000	902,300,000	803,100,000	775,500,000	844,300,000	877,500,000	752,900,000		772,400,000	773,700,000	703,000,000		653,100,000	655,900,000	572,100,000		588,600,000	599,400,000	519,900,000		532,900,000	539,200,000	464,600,000		471,600,000	478,955,000	441,259,000		443,691,000	451,114,000	430,556,000	424,588,000	425,500,000	405,158,000	401,208,000	394,887,000	376,055,000	372,072,000	376,142,000	356,910,000	356,239,000	357,887,000	335,598,000
accumulated other comprehensive income	22,100,000	19,400,000	20,500,000	22,700,000	24,400,000	12,100,000	38,600,000	35,600,000	29,100,000	47,600,000	31,200,000	25,900,000	44,800,000	47,200,000	32,200,000	13,700,000	-300,000	3,600,000								-31,300,000	-17,200,000	-7,800,000	-1,800,000		4,400,000	4,100,000	3,000,000		3,200,000	3,700,000	3,200,000														11,684,000				2,158,000						-905,000	-2,295,000	-387,000	2,328,000	633,000
total shareholders' equity	3,432,700,000	3,389,400,000	3,480,200,000	3,508,700,000	3,308,900,000	3,232,700,000	3,333,200,000	3,390,300,000	3,050,800,000	2,917,300,000	2,932,500,000	2,986,500,000	2,864,100,000	2,818,500,000	2,845,900,000	2,841,200,000	2,669,800,000	2,658,200,000	2,697,100,000	2,731,300,000	2,586,800,000	2,522,300,000	2,558,400,000	2,665,600,000	2,586,000,000	2,543,000,000	2,612,600,000	2,406,000,000	2,284,600,000
temporary equity	5,900,000	6,100,000	5,200,000	9,300,000	8,400,000	8,600,000	8,600,000	10,300,000	14,800,000	16,500,000	17,700,000	18,800,000	16,200,000	13,100,000	15,000,000	11,800,000	9,800,000	9,800,000	9,300,000	8,200,000	5,300,000	3,400,000	4,100,000	3,900,000	4,100,000	3,400,000
long-term debt	4,449,400,000	3,369,400,000	3,498,400,000	3,348,500,000	3,697,700,000	3,704,400,000	3,422,300,000	3,421,400,000	3,247,800,000	3,554,000,000	3,553,300,000	3,702,500,000	3,156,300,000	2,958,500,000	3,207,900,000	3,207,300,000	3,206,800,000	2,939,100,000	2,939,000,000	2,692,500,000	2,517,600,000	2,423,700,000	2,478,300,000	2,484,800,000	2,484,400,000	2,082,600,000	2,042,300,000	2,041,900,000	1,992,000,000	1,900,100,000	2,024,500,000	2,073,900,000	2,030,000,000	1,995,000,000	1,925,300,000	1,925,300,000	1,821,300,000	1,833,700,000	1,851,700,000	1,851,600,000	1,851,500,000	1,771,500,000	1,736,400,000	1,736,300,000	1,736,300,000	1,851,000,000	976,600,000	832,817,000	832,764,000	912,712,000	464,444,000	464,434,000	364,426,000
total capitalization	7,888,000,000	6,764,900,000	6,983,800,000	6,866,500,000	7,015,000,000	6,945,700,000	6,764,100,000	6,822,000,000	6,313,400,000	6,487,800,000	6,503,500,000	6,707,800,000	6,036,600,000	5,790,100,000	6,068,800,000	6,060,300,000	5,886,400,000	5,607,100,000	5,645,400,000	5,432,000,000	5,109,700,000	4,949,400,000	5,040,800,000	5,154,300,000	5,074,500,000	4,629,000,000	4,654,900,000	4,447,900,000	4,276,600,000	4,163,400,000	4,338,700,000	4,233,900,000	4,115,700,000	3,986,300,000	3,953,500,000	3,808,300,000	3,618,000,000	3,601,900,000	3,654,100,000	3,533,000,000	3,451,800,000	3,345,100,000	3,345,000,000	3,347,900,000	3,269,800,000	3,359,400,000	2,510,400,000	1,939,439,000	1,899,152,000	1,958,994,000	1,545,441,000	1,104,437,000	985,204,000	950,559,000	954,590,000	929,042,000	943,894,000	933,494,000	912,884,000	910,963,000	917,795,000	895,818,000	920,139,000	922,892,000	898,189,000
current liabilities:
current portion of long-term debt	488,100,000	487,500,000	392,500,000	392,500,000	42,500,000	42,000,000	307,000,000	307,000,000	457,000,000	156,600,000	406,600,000	256,600,000	256,600,000	281,200,000	31,200,000	31,200,000	31,200,000	55,800,000	110,800,000	110,800,000	110,800,000	60,400,000	5,400,000	5,400,000	45,300,000	40,000,000	165,000,000	215,000,000	175,000,000	175,500,000	155,500,000	105,500,000	105,500,000	100,000,000			250,000,000	250,000,000				80,000,000	80,000,000	80,000,000	114,700,000				80,000,000					25,000,000	25,000,000	25,000,000				25,000,000	25,000,000
notes payable	412,000,000	1,317,000,000	1,009,500,000	1,015,000,000	1,158,000,000	947,000,000	771,000,000	786,000,000	1,047,500,000	955,500,000	557,600,000	561,000,000	1,227,000,000	1,037,500,000	709,200,000	607,100,000	846,000,000	672,000,000	461,000,000	653,500,000	696,100,000	648,000,000	477,600,000	560,600,000	518,900,000	743,200,000	434,000,000	512,000,000	626,100,000	553,600,000	191,000,000	391,700,000	583,600,000	477,300,000	450,700,000	567,400,000	506,400,000	398,700,000	97,600,000	253,600,000	377,100,000	338,000,000	211,400,000	247,600,000	397,500,000	287,100,000		36,000,000	93,500,000	74,000,000			83,050,000			113,000,000			97,450,000	76,200,000	114,950,000	145,150,000	133,000,000	238,800,000	263,500,000
accounts payable	309,500,000	248,300,000	240,200,000	283,500,000	292,300,000	237,200,000	205,200,000	193,400,000	293,800,000	253,100,000	196,300,000	232,300,000	506,800,000	617,400,000	581,200,000	367,500,000	427,500,000	409,900,000	294,300,000	352,100,000	260,800,000	243,300,000	200,800,000	221,400,000	307,900,000	301,500,000	297,600,000	324,800,000	430,900,000	290,100,000	195,500,000	194,800,000	245,600,000	257,100,000	206,400,000	218,600,000	273,800,000	210,900,000	135,800,000	127,100,000	159,500,000	146,500,000	148,100,000	160,100,000	221,100,000	176,700,000	152,000,000	215,085,000	160,750,000	140,234,000	104,862,000	108,648,000	100,994,000	81,322,000	73,045,000	94,313,000	101,782,000	96,808,000	125,315,000	107,288,000	122,844,000	135,108,000	79,303,000	100,416,000	175,285,000
advance customer billings	48,900,000	58,100,000	29,400,000	16,100,000	59,200,000	48,400,000	17,100,000	6,100,000	25,000,000	20,900,000	7,600,000	6,800,000	16,900,000	18,700,000	7,600,000	6,300,000	31,300,000	32,100,000	13,800,000	11,400,000	43,200,000	45,300,000	22,400,000	11,600,000	31,400,000	32,600,000	11,600,000	6,500,000	19,800,000	22,700,000	9,700,000	8,100,000	27,300,000	32,000,000	15,900,000	14,500,000	60,200,000	70,200,000	53,000,000	31,700,000	59,300,000	44,300,000	12,900,000	8,400,000	30,900,000	32,200,000			16,011,000	23,736,000			15,950,000	6,225,000		11,600,000			9,639,000			10,421,000			16,578,000
wages and compensation accrued	29,700,000	54,100,000	39,600,000	41,200,000	28,700,000	51,500,000	41,500,000	40,200,000	26,100,000	47,000,000	35,900,000	38,600,000	30,600,000	50,200,000	50,000,000	39,300,000	29,900,000	59,500,000	56,100,000	43,500,000	26,700,000	46,300,000	44,300,000	34,000,000	35,400,000	45,700,000	43,600,000	32,200,000	32,800,000	39,700,000	39,600,000	30,000,000	29,600,000	38,700,000	38,900,000	29,000,000	29,600,000	39,800,000	36,500,000	26,600,000	25,400,000	32,700,000	30,500,000	30,900,000	24,700,000	36,000,000	25,300,000	21,839,000	15,753,000	20,807,000	13,386,000	16,175,000	12,401,000	12,653,000	13,873,000	12,529,000	14,866,000	13,504,000	12,406,000	14,310,000	12,893,000	11,715,000	13,736,000	12,304,000	14,063,000
customer deposits	34,100,000	32,800,000	32,600,000	32,200,000	31,600,000	29,900,000	29,500,000	29,400,000	28,800,000	27,700,000	27,700,000	28,300,000	28,800,000	28,200,000	28,600,000	29,400,000	29,400,000	28,900,000	29,100,000	29,900,000	30,900,000	30,600,000	35,400,000	35,900,000	36,500,000	35,600,000	35,700,000	36,700,000	36,100,000	35,500,000	35,400,000	36,100,000	35,900,000	34,900,000	35,000,000	35,700,000	35,700,000	34,900,000	31,900,000	33,000,000	33,000,000	32,100,000	34,200,000	36,200,000	35,800,000	34,000,000		15,588,000	15,485,000	15,062,000	7,828,000	7,706,000	8,437,000	9,123,000	9,459,000	10,080,000	10,914,000	10,719,000	11,315,000	12,328,000	11,663,000	12,163,000	13,839,000	13,045,000	13,772,000
taxes accrued	63,500,000	109,100,000	91,900,000	81,000,000	61,400,000	105,200,000	90,800,000	82,600,000	64,900,000	104,100,000	88,500,000	79,900,000	57,600,000	90,100,000	76,800,000	67,400,000	47,200,000	78,800,000	68,100,000	60,000,000	41,200,000	71,400,000	61,000,000	55,100,000	43,800,000	68,500,000	56,700,000	50,900,000	44,600,000	65,400,000	56,500,000	49,100,000	36,000,000	61,000,000	55,600,000	46,700,000	39,700,000	55,200,000	41,400,000	36,800,000	32,900,000	51,700,000	45,000,000	85,200,000	50,800,000	63,400,000	56,100,000	71,442,000	36,274,000	32,896,000	28,522,000	44,550,000	13,196,000	13,040,000	25,062,000	11,694,000	29,091,000	36,509,000	17,633,000	23,758,000	42,830,000	25,148,000	24,712,000	34,078,000	37,557,000
regulatory liabilities	34,400,000	39,400,000	48,600,000	51,600,000	51,000,000	49,500,000	37,900,000	25,100,000	7,100,000	7,300,000	5,500,000	5,300,000	3,700,000	3,700,000	3,200,000	3,200,000	4,100,000	34,600,000	46,800,000	56,300,000	95,500,000	113,000,000	58,800,000	31,800,000	50,000,000	60,800,000	31,300,000	35,300,000	363,400,000	354,600,000	364,300,000	353,100,000	335,100,000	157,200,000	139,800,000	144,100,000	132,100,000	130,700,000	105,700,000	33,800,000	41,500,000	32,400,000	29,400,000	38,500,000	122,900,000	126,100,000	90,100,000	102,407,000	90,795,000	82,560,000	58,382,000	83,026,000	56,776,000	53,867,000	53,267,000	51,904,000	50,308,000	49,077,000	47,898,000	45,468,000	45,088,000	44,681,000	45,231,000	42,506,000	42,639,000
total current liabilities	1,713,300,000	2,548,600,000	2,086,500,000	2,112,500,000	1,991,200,000	1,703,900,000	1,709,800,000	1,650,300,000	2,210,500,000	1,755,400,000	1,530,400,000	1,406,900,000	2,404,700,000	2,353,600,000	1,749,900,000	1,395,800,000	1,720,700,000	1,608,300,000	1,291,800,000	1,507,500,000	1,546,700,000	1,449,200,000	1,107,800,000	1,152,500,000	1,252,500,000	1,468,800,000	1,219,600,000	1,336,700,000	1,563,400,000	1,321,700,000	814,100,000	928,000,000	1,211,300,000	1,097,900,000	909,800,000	1,015,300,000	1,342,200,000	1,161,300,000	491,800,000	618,800,000	847,500,000	853,800,000	720,400,000	853,700,000	1,082,300,000	782,800,000	320,100,000	399,964,000	477,724,000	353,178,000	182,801,000	207,344,000	275,070,000	179,283,000	187,760,000	323,179,000	185,494,000	189,114,000	315,332,000	285,821,000	362,994,000	407,761,000	300,114,000	429,226,000	560,718,000
deferred credits and other liabilities:
deferred income taxes	914,100,000	887,400,000	900,400,000	890,700,000	838,300,000	808,400,000	819,600,000	816,600,000	760,600,000	743,700,000	735,900,000	737,900,000	699,400,000	675,100,000	675,800,000	666,500,000	615,600,000	612,300,000	605,800,000	602,800,000	541,900,000	511,400,000	479,700,000	498,100,000	475,300,000	451,400,000	490,400,000	490,200,000	453,200,000	435,800,000	476,800,000	465,600,000	441,000,000	707,500,000	705,300,000	690,600,000		607,300,000	574,100,000	564,200,000	7,400,000				21,100,000	9,900,000	398,900,000	5,871,000	3,222,000	1,012,000	2,888,000	2,527,000	4,426,000				9,064,000	7,310,000	1,162,000	3,807,000	626,000				216,234,000
pension and postretirement benefit costs	47,700,000	74,700,000	105,000,000	110,800,000	126,600,000	146,700,000	128,500,000	130,000,000	135,500,000	137,300,000	154,700,000	158,600,000	159,300,000	163,000,000	199,600,000	199,200,000	222,500,000	235,900,000	231,800,000	274,400,000	289,200,000	309,000,000	271,900,000	272,100,000	260,700,000	264,800,000	172,100,000	178,300,000	182,100,000	180,200,000	219,300,000	233,400,000	233,600,000	237,400,000	300,400,000	308,100,000	296,300,000	303,700,000	246,900,000	254,800,000	250,700,000	253,400,000	233,300,000	243,900,000	241,700,000	244,900,000	209,700,000	223,970,000	229,313,000	228,653,000	181,691,000	191,778,000	195,259,000	158,011,000	163,940,000	172,791,000	196,757,000	208,727,000	210,642,000	199,563,000	201,643,000	201,659,000	101,991,000	103,226,000	103,507,000
asset retirement obligations	589,500,000	583,200,000	598,600,000	592,300,000	586,000,000	579,900,000	596,000,000	589,700,000	583,600,000	577,400,000	538,100,000	531,500,000	526,200,000	520,900,000	535,400,000	530,100,000	524,800,000	519,600,000	556,500,000	551,000,000	545,600,000	540,100,000	348,200,000	344,700,000	340,900,000	337,600,000	328,900,000	325,500,000	324,500,000	321,100,000	305,900,000	302,800,000	299,700,000	296,600,000	214,700,000	212,400,000	208,700,000	206,400,000	164,600,000	162,800,000	161,000,000	159,200,000	102,700,000	101,500,000	100,300,000	99,200,000	74,300,000	73,353,000	72,459,000	74,554,000	42,097,000	41,512,000	40,936,000	28,723,000	28,313,000	27,904,000	26,996,000	26,610,000	26,224,000	26,648,000	26,266,000	25,885,000	26,238,000	27,638,000	27,236,000
total deferred credits and other liabilities	2,280,600,000	2,261,800,000	2,326,000,000	2,367,700,000	2,269,600,000	2,211,100,000	2,237,000,000	2,239,100,000	2,107,800,000	2,070,400,000	2,003,600,000	1,934,300,000	1,886,400,000	1,940,000,000	1,965,200,000	1,945,200,000	2,043,400,000	2,141,000,000	1,956,100,000	1,997,300,000	1,859,200,000	1,842,600,000	1,674,000,000	1,711,200,000	1,634,000,000	1,521,400,000	1,457,500,000	1,489,000,000	1,392,200,000	1,358,500,000	1,432,100,000	1,424,900,000	1,374,100,000	1,462,500,000	1,434,900,000	1,433,100,000	1,349,900,000	1,314,200,000	1,165,000,000	1,168,000,000	1,112,100,000	1,091,300,000	1,017,500,000	979,100,000	936,400,000	931,800,000	826,200,000	841,068,000	829,854,000	813,214,000	693,797,000	697,317,000	681,881,000	611,496,000	615,781,000	622,109,000	612,916,000	611,809,000	616,011,000	580,136,000	550,116,000	556,449,000	445,751,000	432,838,000	416,739,000
commitments and contingencies
total capitalization and liabilities	11,881,900,000	11,575,300,000	11,396,300,000	11,346,700,000	11,275,800,000	10,860,700,000	10,710,900,000	10,711,400,000	10,631,700,000	10,313,600,000	10,037,500,000	10,049,000,000	10,327,700,000	10,083,700,000	9,783,900,000	9,401,300,000	9,650,500,000	9,356,400,000	8,893,300,000	8,936,800,000	8,515,600,000	8,241,200,000	7,822,600,000	8,018,000,000	7,961,000,000	7,619,200,000	7,332,000,000	7,273,600,000	7,232,200,000	6,843,600,000	6,584,900,000	6,586,800,000	6,701,100,000	6,546,700,000	6,298,200,000	6,256,700,000	6,310,100,000	6,077,400,000	5,310,900,000	5,319,800,000	5,411,400,000	5,290,200,000	5,082,900,000	5,180,700,000	5,288,500,000	5,074,000,000	3,656,700,000	3,180,471,000	3,206,730,000	3,125,386,000	2,422,039,000	2,009,098,000	1,942,155,000	1,741,338,000	1,758,131,000	1,874,330,000	1,742,304,000	1,734,417,000	1,844,227,000	1,776,920,000	1,830,905,000	1,860,028,000	1,666,004,000	1,784,956,000	1,875,646,000
accumulated other comprehensive gain																			1,900,000	5,300,000
accumulated other comprehensive loss																					-28,100,000	-41,200,000	-49,600,000	-50,600,000	-16,900,000														-5,300,000	-1,700,000	-1,700,000		-3,200,000	-4,200,000	-5,400,000		-8,500,000	-2,578,000	-2,479,000			-6,491,000	-1,838,000	-2,652,000		-1,911,000	-6,383,000	-8,272,000	-8,836,000	-5,036,000
allowance for doubtful accounts																						-24,900,000	-27,500,000	-28,000,000	-26,300,000	-23,000,000	-23,700,000	-28,100,000	-24,600,000	-22,400,000	-24,700,000	-25,700,000	-21,300,000	-18,300,000	-17,700,000	-20,800,000	-21,100,000	-20,500,000	-20,200,000	-18,900,000	-12,700,000	-14,200,000	-15,700,000	-18,600,000	-12,000,000	-15,900,000	-11,500,000	-10,549,000	-10,847,000	-8,046,000	-9,024,000	-8,833,000	-7,055,000	-8,842,000	-8,758,000	-5,989,000	-11,915,000	-11,095,000	-6,732,000	-13,037,000	-12,782,000
natural gas receivable																											700,000	300,000	2,200,000	1,800,000	2,700,000	3,000,000	3,500,000	1,900,000	6,500,000	7,800,000	8,400,000	9,700,000	17,500,000	19,500,000	20,100,000	17,300,000	19,800,000	5,900,000	11,100,000	7,300,000		3,233,000	7,786,000	18,782,000	24,304,000	13,470,000	13,746,000	19,710,000	16,351,000	15,327,000	29,767,000	18,183,000	12,320,000	21,447,000	25,672,000	25,026,000
derivative instrument assets																											6,300,000	24,500,000	19,700,000	13,300,000	8,400,000	7,300,000	4,700,000	5,900,000	7,300,000	8,200,000	18,700,000	11,400,000	9,000,000	7,600,000	4,300,000	4,600,000	3,600,000	3,000,000	4,000,000	2,400,000		13,560,000	4,985,000	3,291,000	21,279,000	6,021,000	1,246,000	3,879,000	5,297,000	3,232,000	10,127,000	10,491,000	13,150,000	13,657,000	14,600,000	11,234,000	17,429,000	30,652,000	25,381,000
redeemable noncontrolling interest																														7,900,000	6,500,000	6,500,000
dividends payable																											31,200,000	31,100,000	31,300,000	30,000,000	28,400,000	28,300,000	28,100,000	26,600,000	26,300,000	24,900,000	24,800,000	23,500,000	22,300,000	22,100,000	22,300,000	21,100,000	20,900,000	20,500,000	20,900,000	19,900,000		15,083,000	15,142,000	14,556,000	14,454,000	10,059,000	9,931,000	9,664,000	9,697,000	9,626,000	9,280,000	9,244,000	9,195,000	8,982,000	8,962,000	8,928,000	8,688,000	8,675,000	8,674,000
interest accrued																											28,700,000	18,900,000	27,200,000	15,200,000	27,800,000	15,800,000	26,300,000	14,600,000	24,200,000	15,300,000	22,300,000	14,800,000	19,700,000	14,300,000	19,500,000	14,300,000	19,400,000	14,900,000	19,900,000	15,100,000		8,064,000	9,755,000	8,335,000	3,887,000	6,191,000	5,034,000	5,405,000	8,789,000	5,519,000	5,603,000	9,023,000	5,756,000	6,072,000	9,865,000	6,217,000	6,367,000	10,333,000	6,825,000
unamortized purchased gas adjustments																													3,000,000	8,200,000	14,600,000	32,600,000	77,900,000	102,600,000	73,900,000	61,000,000	52,200,000	49,700,000	5,400,000	8,900,000	44,600,000	12,900,000			60,600,000	54,000,000		1,631,000	9,903,000	17,533,000	6,230,000	11,039,000	30,492,000	9,158,000	11,241,000	19,413,000	3,939,000	6,470,000	18,136,000				4,769,000	8,891,000	24,149,000
other regulatory assets																													60,400,000	64,600,000	82,100,000	65,100,000	71,400,000	72,900,000	70,700,000	64,800,000	82,300,000	44,200,000	37,500,000	32,400,000
other regulatory liabilities																													30,900,000	32,800,000	23,400,000	20,700,000	20,500,000	21,600,000	24,900,000	29,700,000	42,800,000	28,900,000	22,400,000
other property and investments																														1,414,800,000				1,287,800,000				1,240,700,000				1,019,600,000			1,008,200,000	1,007,000,000	278,600,000	284,140,000	303,837,000	313,078,000	59,229,000	58,366,000	57,419,000	61,016,000	59,136,000	56,957,000	56,887,000	57,903,000	55,043,000	53,561,000	53,265,000	50,444,000	49,644,000	48,396,000	47,050,000
spire inc.
consolidated balance sheets
september 30																														2,018,000,000				2,017,000,000				2,016,000,000				2,015,000,000				2,014,000,000				2,013,000
shareholders’ equity																														2,255,400,000
prepayments and other																															37,500,000	30,400,000	28,300,000	34,200,000	32,400,000	19,300,000	24,900,000	24,800,000	36,100,000	27,600,000	21,000,000	25,300,000	31,000,000	20,000,000	46,900,000	27,300,000	51,100,000	10,909,000	13,562,000	12,867,000	14,112,000	9,183,000	9,433,000	11,079,000	6,795,000	8,250,000	9,082,000	5,437,000	6,080,000	12,828,000	7,836,000	10,171,000	31,732,000	14,535,000	11,460,000
deferred charges:
total deferred charges																															782,100,000	755,200,000	794,700,000	868,200,000	939,700,000	925,800,000	919,700,000	979,900,000	807,300,000	809,900,000	801,400,000	813,000,000	709,300,000	701,500,000	679,800,000	702,400,000	555,000,000	551,750,000	544,378,000	559,798,000	438,505,000	430,900,000	446,743,000	437,635,000	463,472,000	465,007,000	433,062,000	427,357,000	460,511,000	462,838,000	473,657,000	473,915,000	394,650,000	401,617,000	360,294,000
total equity																															2,307,700,000	2,153,500,000	2,085,700,000
see the accompanying notes to financial statements.
total equity attributable to spire shareholders																																	2,079,200,000
noncontrolling interest																																	6,500,000
common stock equity																																		1,991,300,000				1,768,200,000				1,573,600,000				1,508,400,000				1,046,282,000
total common stock equity																																			2,028,200,000	1,883,000,000	1,796,700,000		1,802,400,000	1,681,400,000	1,600,300,000		1,608,600,000	1,611,600,000	1,533,500,000		1,533,800,000	1,106,622,000	1,066,388,000		1,080,997,000	640,003,000	620,778,000	611,158,000	615,204,000	589,670,000	579,551,000	569,167,000	548,571,000	546,680,000	553,526,000	531,564,000	530,914,000	533,681,000	508,526,000
the laclede group, inc.
see the accompanying notes to the financial statements.
unamortized purchase gas adjustment																																													22,100,000
see accompanying notes to the financial statements.
less – accumulated depreciation and amortization																																														1,168,600,000				494,559,000
utilities																																														148,200,000
unamortized purchased gas adjustment																																														22,400,000
unamortized investment tax credits																																														2,700,000		2,794,000	2,847,000	2,900,000	2,953,000	3,006,000	3,060,000	3,166,000	3,219,000	3,272,000	3,379,000	3,432,000	3,485,000	3,592,000	3,646,000	3,700,000	3,809,000	3,863,000	3,918,000
natural gas stored underground																																															118,200,000	67,798,000	153,305,000	182,035,000	59,171,000	32,776,000	88,342,000	55,192,000	57,456,000
materials and supplies at average cost																																															8,000,000	8,408,000	8,581,000	8,154,000	4,477,000	4,385,000	4,257,000	3,917,000	4,102,000
non-utility																																																103,272,000	63,194,000	63,752,000	53,678,000	55,925,000	54,092,000	47,335,000	34,915,000	49,902,000	58,645,000	43,079,000	61,951,000	67,305,000	78,857,000	75,317,000	47,437,000	64,505,000	115,290,000
see notes to consolidated financial statements.
long-term debt (less current portion) – laclede gas																																																						339,401,000	339,386,000	339,372,000	364,343,000	364,327,000		364,283,000	364,269,000
propane gas at fifo cost																																																							8,964,000	8,964,000	8,962,000	16,927,000	16,881,000	15,625,000	15,625,000	15,649,000	19,846,000	19,861,000	19,871,000
natural gas stored underground at lifo cost																																																								113,668,000	56,976,000	40,225,000	109,171,000	54,308,000	43,757,000	88,204,000	53,202,000	69,940,000	197,423,000
materials, supplies, and merchandise at average cost																																																								4,855,000	4,310,000	4,402,000	4,255,000	3,942,000	4,338,000	4,162,000	5,055,000	5,501,000	5,353,000
long-term debt – laclede gas																																																											364,313,000			364,254,000	389,225,000	389,211,000	389,196,000
allowances for doubtful accounts																																																														-8,297,000	-13,409,000	-12,666,000	-8,479,000
laclede gas redeemable preferred stock																																																																	467,000
current portion of long-term debt and preferred stock																																																														25,000,000
deferred income taxes current																																																														1,873,000	9,717,000	1,959,000	7,624,000
current portion of preferred stock																																																																	160,000
long-term debt to unconsolidated affiliate trust
property and investments of discontinued operations
current assets of discontinued operations
current liabilities of discontinued operations
deferred credits and other liabilities of discontinued operations

Cashflow Statements:

Quarterly

Annual

Unit: USD	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30

operating activities:
net income	95,000,000	-39,800,000	20,900,000	209,300,000	81,300,000	-25,900,000	-12,600,000	204,300,000	85,100,000	-31,100,000	-21,600,000	179,200,000	91,000,000	-7,100,000	-1,400,000	173,600,000	55,700,000	-9,900,000	5,300,000	187,400,000	88,900,000	-19,700,000	-92,300,000	133,600,000	67,000,000	-34,300,000	-3,000,000	154,600,000	67,300,000	-25,900,000	25,900,000	98,200,000	116,000,000	-13,300,000	21,700,000	108,000,000	45,200,000	-14,200,000	10,700,000	100,800,000	46,900,000	-18,700,000	14,100,000	94,400,000	47,100,000	-14,900,000	11,689,000	52,219,000	35,592,000	-9,636,000	6,584,000	30,242,000	25,568,000	-651,000	8,433,000	29,684,000	25,174,000	-2,827,000	15,390,000	27,893,000	23,369,000	-1,597,000	4,731,000	28,020,000	22,886,000	-4,747,000	6,877,000	30,811,000	31,306,000	-3,594,000	9,259,000	51,354,000	20,903,000	570,000	9,272,000	20,830,000	19,099,000	-825,000
adjustments to reconcile net income to net cash from operating activities:
depreciation and amortization	81,400,000	76,500,000	75,700,000	73,700,000	72,300,000	71,100,000	71,400,000	68,900,000	67,000,000	65,800,000	64,300,000	62,600,000	62,100,000	61,100,000	60,400,000	58,900,000	56,900,000	57,700,000	53,100,000	51,500,000	50,800,000	50,500,000	50,100,000	49,200,000	47,500,000	46,800,000	45,800,000	44,900,000	44,200,000	45,500,000	41,000,000	41,500,000	40,400,000
deferred income taxes and investment tax credits	21,900,000	-16,200,000	1,700,000	52,400,000	19,400,000	-9,400,000	-3,100,000	48,500,000	21,000,000	-18,800,000	-6,800,000	40,900,000	21,600,000	900,000	-2,100,000	40,700,000	18,400,000	-1,400,000	-100,000	46,700,000	21,800,000	-8,000,000	-25,800,000	28,500,000	14,300,000	-10,800,000	-2,900,000	32,800,000	12,700,000	-19,200,000	5,700,000	18,400,000	-33,600,000	-7,100,000	8,700,000	53,300,000	22,100,000	-8,900,000	6,700,000	48,600,000	22,400,000	-4,900,000						4,098,000	-702,000	8,845,000	24,340,000	-13,704,000	2,572,000	8,106,000	16,281,000	-1,773,000	7,940,000	17,939,000	14,958,000	-10,090,000	1,078,000	19,326,000	29,384,000	-11,769,000	-4,184,000	4,166,000	17,590,000	7,747,000	-11,566,000	12,033,000	-3,551,000	-4,580,000	1,884,000				-6,560,000	12,500,000
changes in assets and liabilities:
accounts receivable	-280,500,000	42,100,000	171,900,000	-12,600,000	-239,800,000	41,200,000	146,900,000	80,100,000	-255,500,000	50,100,000	240,400,000	200,600,000	-156,900,000	-35,600,000	12,500,000	149,400,000	-152,800,000	-94,400,000	93,700,000	-172,700,000	-169,600,000	-5,300,000	105,900,000	98,100,000	-162,500,000	47,300,000	149,700,000	66,200,000	-260,500,000	-52,800,000	142,900,000	53,900,000	-176,700,000		89,900,000	63,800,000	-186,800,000		60,200,000	24,100,000	-77,600,000		134,200,000
inventories	23,000,000	-57,600,000	-45,800,000	63,600,000	21,200,000	-33,700,000	-15,300,000	61,900,000	2,900,000	-36,500,000	-38,900,000	168,500,000	49,700,000	-122,100,000	-132,000,000	157,400,000	-20,500,000	-88,600,000	-36,400,000	4,500,000	9,500,000	-42,800,000	-24,100,000	58,400,000	11,100,000	-38,500,000	-31,800,000	86,400,000	-2,500,000	-57,100,000	-24,700,000	76,400,000	20,900,000	-51,000,000	-28,400,000	44,100,000	11,800,000	-55,000,000	-19,900,000	79,500,000	11,900,000	-52,100,000	-46,200,000
regulatory assets and liabilities	17,900,000	-69,000,000	-52,000,000	110,800,000	36,700,000	-1,800,000	25,600,000	225,900,000	91,700,000	-50,700,000	17,500,000	54,600,000	-90,100,000	-85,200,000	-93,300,000	-43,200,000	-187,300,000	79,700,000	3,600,000	-17,900,000	11,200,000	-66,900,000	-7,200,000	29,100,000	45,600,000		-23,800,000
accounts payable	92,000,000	-700,000	-48,900,000	200,000	96,900,000	-600,000	10,100,000	-88,600,000	54,000,000	16,400,000	-32,700,000	-276,200,000	-96,700,000	10,400,000	201,400,000	-64,000,000	42,900,000	98,000,000	-61,600,000	97,400,000	43,900,000	29,200,000	-21,800,000	-93,100,000	42,600,000	-17,700,000	-22,300,000	-124,400,000	158,000,000	65,600,000	-3,000,000	-47,900,000	-2,100,000	36,300,000	-13,500,000	-57,200,000	85,500,000	36,400,000	9,000,000	-33,400,000	18,000,000	-3,900,000	-14,000,000	-62,000,000	49,900,000	-2,700,000	-68,057,000	54,204,000	25,153,000	13,728,000	-2,080,000	11,793,000	12,004,000	6,235,000	11,521,000	-26,322,000	-224,000	-12,713,000	5,195,000	-28,501,000	31,159,000	-13,053,000	-15,476,000	-12,190,000	63,176,000	-7,878,000	-21,025,000	-74,754,000	17,473,000	-33,619,000	4,945,000	49,083,000	38,752,000	-21,737,000	-15,232,000	-6,171,000	46,695,000
delayed/advance customer billings	-14,100,000	33,500,000	32,300,000	-62,000,000	4,300,000	46,100,000	39,100,000	-51,700,000	4,000,000	50,000,000	27,800,000	-69,100,000	-7,200,000	35,300,000	10,600,000	-68,500,000	-2,900,000	22,400,000	9,800,000	-38,800,000	-5,800,000	23,400,000	17,200,000	-30,100,000	-3,500,000	35,900,000	29,700,000	-46,300,000	-6,900,000
taxes accrued	-45,300,000	18,000,000	11,700,000	20,100,000	-43,800,000	16,600,000	6,000,000	20,800,000	-42,300,000	17,300,000	8,500,000	21,300,000	-32,100,000	13,400,000	9,000,000	20,200,000	-31,400,000	12,200,000	7,800,000	19,100,000	-30,200,000	11,800,000	5,200,000	10,800,000	-24,900,000	10,600,000	5,800,000	6,200,000	-19,100,000	10,800,000	7,500,000	13,100,000	-25,000,000	10,600,000	9,000,000	3,100,000	-16,900,000	10,500,000	3,800,000	4,100,000	-18,800,000	1,600,000	-40,100,000	34,300,000	-12,800,000	-23,100,000	-15,823,000	34,744,000	3,379,000	-12,896,000	-16,409,000	31,094,000	1,877,000	-1,737,000	-12,007,000	13,380,000	-805,000	-17,190,000	-7,420,000	18,872,000	7,125,000	-13,264,000	-19,071,000	17,651,000	9,101,000	-8,761,000	-9,376,000	-3,487,000	26,170,000	-12,277,000	-13,608,000	21,188,000	-2,189,000	-10,043,000	-7,980,000	11,106,000	12,074,000
other assets and liabilities	86,700,000	1,400,000	-39,700,000	-85,600,000	30,500,000	-23,000,000	-900,000	-82,600,000	40,900,000	-29,200,000	-37,800,000	-35,000,000	-15,600,000	-23,400,000	-18,700,000	-41,800,000	-9,600,000	-54,400,000	-17,400,000	-28,900,000	-15,400,000	40,800,000	-28,900,000	-30,200,000	30,300,000	55,200,000	-3,600,000	-77,700,000	57,100,000	-36,100,000	-14,900,000	-38,800,000	50,300,000	-12,300,000	-12,500,000	18,200,000	18,500,000	3,500,000	-18,900,000	-39,900,000	20,300,000	-8,900,000	-56,600,000	-9,300,000	7,200,000	-8,800,000	-17,428,000	-7,920,000	6,648,000	31,528,000	-28,808,000	-4,098,000	4,213,000	-2,717,000	-24,565,000	8,794,000	2,807,000	10,159,000	-18,888,000	2,121,000	3,866,000	1,510,000	-7,390,000	5,534,000	1,562,000	-3,566,000	-10,632,000	-8,051,000	41,002,000	-20,515,000	-27,252,000	4,229,000	31,238,000			-1,577,000	2,017,000	25,000
other	3,000,000	6,900,000	1,300,000	2,800,000	2,100,000	2,300,000	2,900,000	1,900,000	1,200,000	2,800,000	3,500,000	3,300,000	3,400,000	2,700,000	3,100,000	2,300,000	700,000	7,800,000	3,700,000	3,300,000	2,500,000	3,100,000	5,200,000	2,900,000	-3,000,000	-2,100,000	-500,000	-1,000,000	-400,000	-300,000	2,700,000	40,000,000	1,800,000	-300,000	1,400,000	1,400,000	1,700,000	5,000,000	300,000	-1,300,000	900,000	-1,300,000	-25,800,000	34,100,000	-600,000	-9,800,000	2,951,000	-36,000	-15,000	-2,271,000	-23,000	-438,000	-15,000	-14,000	-14,000	-15,000	-14,000	-15,000	-14,000			0	-90,000			0	0	-1,000	-115,000	-2,433,000	273,000	9,000	8,000	15,000	2,000	4,000	56,000
net cash from operating activities	81,000,000	-4,900,000	129,100,000	372,700,000	81,100,000	82,900,000	270,100,000	489,400,000	70,000,000	36,100,000	224,200,000	350,700,000	-170,800,000	-149,600,000	49,500,000	385,000,000	-229,900,000	29,100,000	61,500,000	151,600,000	7,600,000	16,100,000	132,100,000	257,200,000	64,500,000	10,300,000	143,100,000	227,100,000	70,400,000	-54,700,000	201,700,000	291,700,000	17,900,000	-32,400,000	94,600,000	215,800,000	10,300,000	-28,600,000	113,900,000	209,500,000	33,500,000	-43,900,000	86,400,000	314,000,000	-34,100,000	-62,400,000	42,196,000	158,515,000	-15,711,000	-3,130,000	24,678,000	138,451,000	3,915,000	-98,000	56,740,000	121,558,000	-50,099,000	-34,119,000	61,312,000	134,197,000	5,797,000	-50,882,000	87,948,000	69,878,000	-29,000	8,996,000	120,976,000	116,011,000	-17,230,000	-229,786,000	62,483,000	138,490,000	-7,719,000	-70,734,000	38,033,000	145,671,000	-31,679,000	-36,240,000
investing activities:
capital expenditures	-202,800,000	-222,700,000	-220,500,000	-218,600,000	-260,600,000	-229,800,000	-222,200,000	-182,800,000	-226,500,000	-179,200,000	-175,500,000	-153,000,000	-154,800,000	-149,700,000	-126,600,000	-130,200,000	-145,700,000	-161,600,000	-159,700,000	-139,900,000	-163,600,000	-162,700,000	-129,600,000	-153,800,000	-192,300,000	-214,800,000	-231,700,000	-170,000,000	-206,800,000	-165,100,000	-118,500,000	-105,000,000	-110,800,000	-139,500,000	-111,300,000	-98,000,000	-89,300,000	-98,000,000	-73,500,000	-59,400,000	-62,400,000	-86,900,000	-73,400,000	-69,500,000	-60,000,000	-61,500,000	-41,274,000	-33,585,000	-34,641,000	-33,972,000	-34,109,000	-34,994,000	-27,713,000	-32,063,000	-36,122,000	-22,324,000	-18,334,000	-20,556,000	-17,336,000	-14,119,000	-15,627,000	-16,738,000	-15,409,000	-13,652,000	-11,198,000	-12,849,000	-12,938,000	-12,265,000	-14,332,000	-15,118,000	-13,759,000	-14,375,000	-13,369,000	0	0	0	-11,920,000	0
free cash flows	-121,800,000	-227,600,000	-91,400,000	154,100,000	-179,500,000	-146,900,000	47,900,000	306,600,000	-156,500,000	-143,100,000	48,700,000	197,700,000	-325,600,000	-299,300,000	-77,100,000	254,800,000	-375,600,000	-132,500,000	-98,200,000	11,700,000	-156,000,000	-146,600,000	2,500,000	103,400,000	-127,800,000	-204,500,000	-88,600,000	57,100,000	-136,400,000	-219,800,000	83,200,000	186,700,000	-92,900,000	-171,900,000	-16,700,000	117,800,000	-79,000,000	-126,600,000	40,400,000	150,100,000	-28,900,000	-130,800,000	13,000,000	244,500,000	-94,100,000	-123,900,000	922,000	124,930,000	-50,352,000	-37,102,000	-9,431,000	103,457,000	-23,798,000	-32,161,000	20,618,000	99,234,000	-68,433,000	-54,675,000	43,976,000	120,078,000	-9,830,000	-67,620,000	72,539,000	56,226,000	-11,227,000	-3,853,000	108,038,000	103,746,000	-31,562,000	-244,904,000	48,724,000	124,115,000	-21,088,000	-70,734,000	38,033,000	145,671,000	-43,599,000	-36,240,000
net cash from investing activities	-201,300,000	-219,700,000	-219,400,000	-217,200,000	-260,100,000	-225,200,000	-218,100,000	-358,700,000	-225,200,000	-179,100,000	-175,700,000	-189,000,000	-151,700,000	-148,400,000	-125,100,000	-130,100,000	-143,100,000	-160,300,000	-157,400,000	-140,700,000	-163,600,000	-161,500,000	-125,500,000	-152,000,000	-192,600,000	-214,800,000	-236,900,000	-170,400,000	-216,200,000	-160,400,000	-138,000,000	-106,600,000	-126,700,000	-139,800,000	-110,800,000	-97,000,000	-85,900,000	-415,900,000	-74,300,000	-59,700,000	-62,800,000	-86,800,000	-73,400,000	-77,900,000	-60,600,000	-1,365,900,000	-33,317,000	-14,063,000	-24,320,000	-1,008,925,000	-34,541,000	-36,130,000	-28,703,000	-27,236,000	-36,070,000	-23,484,000	-18,614,000	-20,027,000	-15,720,000	-16,635,000	-14,625,000	-16,960,000	-15,403,000	-16,240,000	-12,170,000	-12,259,000	-11,952,000	-12,874,000	-15,169,000	-16,435,000	-12,136,000	70,074,000	-14,563,000				-13,094,000
financing activities:
issuance of long-term debt	1,100,000,000	0				320,000,000	0			0	0	550,000,000	205,000,000	0	0	0	300,000,000	0	304,100,000	175,000,000	150,000,000	0	0	0	510,000,000	40,000,000	0	90,000,000	100,000,000	0	0	45,000,000	30,000,000	170,000,000	0			165,000,000	0	0	80,000,000										0	100,000,000	25,000,000
repayment of long-term debt	-7,500,000	-35,000,000	0	0	-7,000,000	-300,000,000	0	-150,000,000	-6,600,000	-250,000,000	0	0	-31,200,000	0	0	0	-55,800,000	-55,000,000	-55,000,000	0	-5,400,000	0	-7,000,000	-40,000,000	-100,000,000	-125,000,000	-50,000,000	0	-9,100,000					0	0			0	0	0	-80,000,000	-100,000
(repayment) issuance of short-term debt	-905,000,000									397,900,000															-224,200,000
issuance of common stock	300,000	200,000	400,000	42,800,000	32,800,000	-200,000	400,000	173,600,000	113,200,000	37,900,000	400,000	3,200,000	400,000	0	27,900,000	23,600,000	400,000	400,000	-100,000	300,000	400,000	7,900,000	18,000,000	12,900,000	2,300,000	13,800,000	4,700,000	600,000	400,000	500,000	153,400,000	500,000	300,000	500,000	146,300,000	0	100,000	1,000,000	134,000,000	1,000,000	1,100,000	-500,000	800,000	1,100,000	1,700,000	300,000	458,260,000	698,000	742,000	353,000	428,477,000	2,091,000	761,000	1,149,000	967,000	942,000	1,253,000	528,000	594,000	836,000	591,000	393,000	372,000	703,000	338,000	370,000	599,000	460,000	2,245,000	1,936,000	4,424,000	1,134,000	1,305,000	1,216,000	1,042,000	712,000	3,599,000	973,000
dividends paid on common stock	-47,200,000	-46,400,000	-45,800,000	-45,400,000	-44,600,000	-42,800,000	-43,800,000	-41,700,000	-38,800,000	-38,200,000	-38,000,000	-38,200,000	-36,300,000	-36,000,000	-35,800,000	-35,500,000	-34,600,000	-33,600,000	-33,700,000	-33,700,000	-32,200,000	-32,300,000	-31,900,000	-29,100,000	-34,700,000	-30,100,000
dividends paid on preferred stock	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000	-3,700,000
debt issuance costs	-12,700,000
net cash from financing activities	119,000,000	217,700,000	92,400,000	-151,400,000	186,000,000	143,500,000	-64,700,000	-109,600,000	154,700,000	143,800,000	-44,700,000	-159,500,000	321,000,000	288,400,000	90,500,000	-254,900,000	376,900,000	118,600,000	15,800,000	89,600,000	155,400,000	142,100,000	-107,600,000	-18,300,000	143,800,000	204,500,000	88,500,000	-54,000,000	132,800,000	229,600,000	-74,600,000	-174,000,000	108,100,000	171,300,000	4,900,000	-109,800,000	81,000,000	444,800,000	-43,400,000	-145,700,000	20,100,000	138,800,000	-54,200,000	-202,600,000	92,000,000	872,600,000	551,971,000	-168,039,000	21,568,000	508,547,000	419,472,000	-2,004,000	43,894,000	33,268,000	-8,449,000	-133,351,000	70,015,000	36,501,000	-7,652,000	-119,667,000	-53,004,000	45,474,000	-47,023,000	-49,902,000	17,637,000	-11,221,000	-113,551,000	-39,615,000	47,580,000	228,149,000	-162,886,000	-129,984,000	36,466,000				45,913,000	77,462,000
net increase in cash, cash equivalents, and restricted cash	-1,300,000	-6,900,000	2,100,000	4,100,000	7,000,000	1,200,000	-12,700,000			800,000	3,800,000	2,200,000	-1,500,000	-9,600,000	14,900,000	0	3,900,000			100,500,000	-600,000	-3,300,000	-101,000,000	86,900,000	15,700,000
cash, cash equivalents, and restricted cash at beginning of period	41,200,000		0	0	34,900,000		0	0	25,800,000		0	0	20,500,000		0	0	11,300,000			0	4,100,000		0	0	5,800,000		0	0	21,400,000
cash, cash equivalents, and restricted cash at end of period	39,900,000		2,100,000	4,100,000	41,900,000		-12,700,000	21,100,000	25,300,000		3,800,000	2,200,000	19,000,000		14,900,000	0	15,200,000
supplemental disclosure of cash paid for:
interest, net of amounts capitalized	-34,300,000	-76,000,000	-30,000,000	-67,000,000	-34,100,000	-62,700,000	-40,000,000	-58,600,000	-44,300,000	-59,300,000	-37,700,000	-43,600,000	-36,900,000	-39,700,000	-23,700,000	-33,200,000	-23,300,000	-32,800,000	-17,400,000	-33,000,000	-15,500,000	-36,100,000	-17,200,000	-35,100,000	-11,600,000	-38,900,000	-14,500,000	-35,100,000	-13,900,000	-34,500,000	-13,400,000	-33,900,000	-13,300,000
income taxes	-1,300,000	-700,000	-1,000,000	-1,000,000	-200,000	0	0	-600,000	-300,000	-200,000	-400,000	-1,100,000	-300,000	-1,100,000	-500,000	0	-200,000	-1,100,000	700,000	-1,200,000	100,000	-300,000	-900,000			-600,000	-100,000			-600,000	-300,000			-600,000	200,000	-800,000	-100,000	-1,000,000	4,100,000	-100,000	-100,000	1,000,000								-6,531,000	321,000	-3,621,000	456,000	-5,524,000	4,301,000	1,602,000	1,161,000	2,251,000	-1,042,000	5,783,000	-132,000	-1,905,000	-15,709,000	13,166,000	606,000	-3,802,000	484,000	9,757,000	-503,000	6,648,000	18,423,000	16,570,000	5,931,000	5,773,000	11,132,000	9,262,000	24,000	-401,000
business acquisition, net of cash acquired
issuance (repayment) of short-term debt		307,500,000	-5,500,000											328,300,000						-42,600,000	48,100,000
cash, cash equivalents, and restricted cash at beginning of year
cash, cash equivalents, and restricted cash at end of year
business acquisitions, net of cash acquired							1,500,000
issuance of short-term debt					211,000,000				92,000,000				189,500,000				174,000,000												72,500,000
repayment of short-term debt							-15,000,000																-83,000,000				-78,000,000
net decrease in cash, cash equivalents, and restricted cash									-500,000																				-13,000,000
business acquisition										0
advance payment for business acquisition
impairments																						0
supplemental disclosure of cash (paid) received for:
other business acquisitions
issuance of preferred stock																										0
net increase in cash and cash equivalents																															-10,900,000	11,100,000	-700,000	-900,000	-11,300,000	9,000,000	5,400,000					8,100,000	-41,200,000			-555,700,000	560,850,000	-23,587,000	-18,463,000	-503,508,000	409,609,000	100,317,000	19,106,000				1,302,000	-17,645,000	37,940,000	-2,105,000	-61,832,000	-22,368,000	25,522,000	3,736,000	5,438,000	-14,484,000	-4,527,000	63,522,000	15,181,000			78,580,000	14,184,000				1,140,000	18,872,000
cash and cash equivalents at beginning of period																															0	0	7,400,000		0	0	5,200,000		0	0	13,800,000		0	0	16,100,000		19,000	0	52,981,000		0	0	27,457,000		0	0	43,277,000		0	0	86,919,000		0	0	74,591,000		0	0	14,899,000		0	0	52,746,000		0	0	50,778,000
cash and cash equivalents at end of period																			-80,100,000	100,500,000	3,500,000		-101,000,000	86,900,000	21,500,000		-5,300,000	2,700,000	8,400,000		-10,900,000	11,100,000	6,700,000		-11,300,000	9,000,000	10,600,000		-3,800,000	4,100,000	4,600,000		-41,200,000	33,500,000	13,400,000		560,869,000	-23,587,000	34,518,000		409,609,000	100,317,000	46,563,000		12,221,000	-35,277,000	44,579,000		37,940,000	-2,105,000	25,087,000		25,522,000	3,736,000	80,029,000		-4,527,000	63,522,000	30,080,000		-112,539,000	78,580,000	66,930,000		871,000	-16,424,000	51,918,000
business acquisitions																											0	0	-7,900,000		-11,000,000	-1,100,000	-16,000,000
final settlement of 2016 acquisition of spire energysouth
dividends paid																												-30,000,000	-28,800,000	-28,500,000	-27,200,000	-27,200,000	-25,800,000	-25,300,000	-24,100,000	-24,000,000	-22,800,000	-22,300,000	-21,300,000	-21,700,000	-19,900,000	-19,900,000	-19,900,000	-20,200,000	-19,000,000	-19,000,000	-14,397,000	-14,627,000	-13,876,000	-13,867,000	-9,597,000	-9,559,000	-9,495,000	-9,297,000	-9,285,000	-9,279,000	-9,035,000	-9,013,000	-9,026,000	-9,016,000	-8,766,000	-8,784,000	-8,770,000	-8,762,000	-8,535,000	-8,528,000	-8,521,000	-8,517,000	-8,240,000	-8,233,000	-8,133,000	-8,167,000	-7,897,000				-7,592,000
unamortized purchased gas adjustments																													20,500,000	-24,000,000	4,200,000	94,200,000	34,600,000	-24,800,000	-26,300,000	3,000,000	-2,800,000	-43,600,000	-700,000	25,700,000	-45,700,000	-37,000,000	-24,300,000	114,800,000	-6,600,000	-53,800,000	1,499,000	8,271,000	7,630,000	-11,303,000	4,809,000	19,453,000	10,182,000	-31,516,000	2,083,000	8,172,000	6,306,000	-21,780,000	2,531,000	11,666,000	5,582,000	-24,110,000	-756,000	-3,593,000	1,611,000	7,899,000	4,122,000	15,258,000	9,262,000	-30,070,000	1,024,000	4,248,000	4,200,000	574,000	4,603,000	16,548,000	9,843,000	-33,414,000
acquisition of spire energysouth (net of 2.0 cash acquired) and final settlement
supplemental disclosure of cash (paid) refunded for:
delayed/advance customer billings – net																															14,400,000	-57,300,000	-8,700,000	19,700,000	6,000,000	-52,000,000	-13,700,000		27,900,000	-29,000,000	8,900,000		44,300,000
(repayment) issuance of short-term debt – net																															-200,700,000																														-32,200,000
see the accompanying notes to financial statements.
issuance of short-term debt – net																																	106,300,000																19,500,000				42,950,000												15,350,000				47,600,000				83,050,000				49,850,000
accounts receivable – net																																													-187,400,000	31,500,000	174,915,000	-54,151,000	-157,564,000	-2,335,000	72,849,000	-9,222,000	-61,942,000	-6,660,000	17,656,000	52,387,000	-72,742,000	15,501,000	46,326,000	45,135,000	-103,856,000	12,050,000	63,362,000	39,223,000	-122,229,000	21,069,000	82,719,000	102,401,000	-127,225,000	17,407,000	91,620,000	-36,242,000	-122,891,000				-130,217,000
final settlement related to acquisition of spire alabama
issuance of short-term debt - net																																					107,700,000				39,100,000
cash and cash equivalents at beginning of year
cash and cash equivalents at end of year
interest																																		-31,000,000	-12,700,000	-27,500,000	-14,300,000	-24,300,000	-12,000,000	-23,300,000	-12,900,000	-17,000,000								3,638,000	8,097,000	4,984,000	9,585,000	2,746,000	9,290,000	2,931,000	9,590,000	2,744,000	9,347,000	2,953,000	10,288,000	2,858,000	10,230,000	3,011,000	10,294,000	2,911,000	10,587,000	3,807,000	11,961,000	2,578,000	10,447,000	4,436,000	15,226,000	4,510,000	12,171,000	4,356,000	14,204,000	4,633,000
depreciation, amortization, and accretion																																			38,600,000	38,000,000	37,800,000		34,400,000	33,900,000	33,700,000		32,700,000	32,400,000	32,300,000		18,599,000	20,289,000	20,212,000		11,808,000	11,599,000	11,314,000		10,335,000	10,326,000	10,239,000		9,989,000	9,869,000	9,766,000		9,467,000	9,457,000	9,434,000		9,263,000	9,253,000	9,193,000		8,897,000	9,259,000	9,672,000				9,606,000
settlement for acquisition of energysouth																																			0	0	3,800,000
issuance (repayment) of short-term debt - net																																			-116,700,000
deferred purchased gas costs																																					7,900,000	2,100,000	400,000	-3,600,000	12,600,000	-3,200,000	-2,300,000	-14,400,000	100,000	12,200,000	-26,066,000	4,673,000	23,093,000	1,140,000	-31,667,000	41,561,000	2,266,000	36,519,000	4,731,000	-3,745,000	-26,415,000	-4,187,000	-11,973,000	29,865,000	30,860,000	-11,500,000	6,442,000	1,714,000	23,609,000	-1,308,000	11,064,000	-40,158,000	-14,832,000	-92,470,000	19,762,000	51,151,000	1,943,000	-24,641,000	-26,684,000	49,910,000	14,796,000
depreciation, amortization and accretion																																																																										9,429,000	9,621,000
delayed / advance customer billings – net
acquisition of energysouth
acquisition of alagasco
acquisition of mge
proceeds from sale of right to acquire new england gas company																																														0
net decrease in cash and cash equivalents																																						300,000			-9,200,000				-2,700,000										12,221,000
payments for final reconciliation of acquisitions
repayment of short-term debt - net
employee's taxes paid associated with restricted shares withheld upon vesting
(payments for) proceeds from final reconciliation of acquisitions																																											0
repayment of short-term debt – net																																											-36,200,000				-36,000,000				0				0				0												-113,050,000
see the accompanying notes to the financial statements.
redemption and maturity of long-term debt
employees’ taxes paid associated with restricted shares withheld upon vesting																																																0	-1,053,000	-195,000	-7,000	-6,000	-723,000	-32,000	-6,000	0	-1,165,000	0	0	4,000	-1,166,000	0	0	0	-576,000	0	0	0	-675,000
supplemental disclosure of cash flow information:
interest paid																																												-49,400,000	13,300,000		6,876,000	10,874,000	8,850,000
income taxes refunded																																												7,700,000	-7,400,000
other – net																																													13,900,000		15,698,000	2,259,000	-157,000		1,303,000	-220,000	670,000		319,000	-493,000	-251,000		1,074,000	458,000	-387,000		1,386,000	760,000	615,000		-961,000	1,299,000	2,113,000		1,815,000	780,000	630,000		582,000	320,000	627,000
delayed/advanced customer billings - net																																													-3,800,000
natural gas																																													26,000,000
net issuance of short-term debt																																													110,400,000
see accompanying notes to the financial statements.
other - net
delayed customer billings – net																																																											20,881,000				26,420,000
natural gas stored underground																																														-79,300,000	-50,437,000	85,507,000	28,730,000	-64,184,000	-26,395,000	55,566,000	4,387,000	-37,537,000	2,264,000	56,212,000	1,502,000	-58,194,000	-16,751,000	68,946,000	4,405,000	-59,268,000	-10,551,000	44,447,000	5,109,000	-40,111,000	6,652,000	127,483,000	8,844,000	-122,062,000	-52,456,000	100,310,000	6,197,000	-82,955,000	-11,351,000	91,325,000	2,201,000	-79,909,000
other investments																																																-4,403,000	-679,000	47,000	-432,000	-1,136,000	-990,000	4,827,000	52,000	-1,160,000	-280,000	529,000	1,616,000	-2,516,000	1,002,000	-222,000	6,000	-2,588,000	-972,000	590,000	986,000	-609,000	-837,000	-1,317,000	-102,000	1,220,000	-1,194,000				-1,174,000	-3,864,000
issuance of first mortgage bonds																																																																														0
maturity of first mortgage bonds																																																		0	0	0	-25,000,000					0	0	0	-25,000,000									0	0	0	-40,000,000
notes payable issued
supplemental disclosure of cash paid (refunded) during the year for:
income taxes paid																																														400,000	405,000	4,908,000	-2,313,000
delayed customer billings - net																																															1,003,000				8,344,000																24,683,000				22,028,000
proceeds from final reconciliation of acquisition of missouri gas energy
redemption and maturity of first mortgage bonds																																															0
proceeds from sale of right to acquire neg																																																0	11,000,000
proceeds from final reconciliation of acquisition of mge
changes in book overdrafts																																																-17,031,000	15,847,000		123,000	-11,422,000	10,160,000		-134,000	-11,485,000	11,842,000		765,000	-13,601,000	13,310,000		182,000	-11,235,000	11,028,000		133,000	-5,696,000	6,115,000
excess tax benefits from stock-based compensation																																																457,000	423,000	643,000	499,000	380,000	256,000	130,000	23,000	51,000	134,000	20,000	29,000	38,000	227,000	32,000	33,000	34,000	32,000	37,000	38,000	36,000	650,000
see notes to consolidated financial statements.
advance customer billings - net																																																	-7,725,000												-7,170,000				-10,719,000				-8,970,000
adjustments to reconcile net income to
net cash from operating activities:
advance customer billings – net
change in book overdrafts
non-employee directors’ restricted stock awards																																																						0	0			0	0			0	0			0	0
supplemental disclosure of cash paid (refunded) during the period for:
advance customer billings — net																																																					-9,196,000
supplemental disclosure of cash paid during the period for:
see the accompanying notes to consolidated financial statements.
delayed customer billings — net
advance customer billings																																																									-3,630,000																1,942,000				-11,860,000
issuance (repayment) of short-term debt – net																																																									67,000,000										-105,800,000
preferred stock redeemed/reacquired
gain on sale of discontinued operations																																																																						90,000	0
proceeds from sale of discontinued operations																																																																						0	325,000
proceeds from unconsolidated affiliate trust’s redemption of its common securities																																																																						0
redemption of long-term debt to unconsolidated affiliate trust																																																																						0
(repayment) issuance of short-term debt - net
preferred stock reacquired																																																																			0				0
see notes to consolidated finanical statements.
supplemental disclosure of cash paid during the year for:
non-regulated services acquisition
preferred stock reacquired – laclede gas
maturity/redemption of first mortgage bonds
adjustments to reconcile net income to net cash
from operating activities:
supplemental disclosure of cash paid
during the year for:
net investment in trusts

Spire Inc(NYSE:SR)

Spire Inc
(NYSE:SR)