SPIRE INCSR

Market cap

P/E ratio

	Sep 30, 2010	Sep 30, 2011	Sep 30, 2012	Sep 30, 2013	Sep 30, 2014	Sep 30, 2015	Sep 30, 2016	Sep 30, 2017	Sep 30, 2018	Sep 30, 2019	Sep 30, 2020	Sep 30, 2021	Sep 30, 2022	Sep 30, 2023	Sep 30, 2024
Spire Missouri	-	-	-	-	-	-	-	3,092	3,331	3,643	3,931	4,267	4,550	4,965	5,420
Spire Alabama Inc	-	-	-	-	-	-	-	1,838	1,964	2,138	2,470	2,587	2,733	2,863	2,967
Utility Plant	1,326	1,387	1,497	2,271	3,928	4,235	4,794	5,278	5,653	6,147	6,766	7,225	7,665	8,210	8,779
Spire Missouri	-	-	-	-	-	-	-	682	706	764	826	905	982	1,043	1,086
Spire Alabama Inc	-	-	-	-	-	-	-	782	830	882	1,117	1,125	1,184	1,273	1,337
Less: Accumulated depreciation and amortization	442	458	478	495	1,169	1,307	1,506	1,613	1,683	1,795	2,086	2,169	2,295	2,431	2,536
Spire Missouri	-	-	-	-	-	-	-	2,410	2,625	2,879	3,106	3,362	3,568	3,922	4,334
Spire Alabama Inc	-	-	-	-	-	-	-	1,056	1,134	1,256	1,353	1,462	1,549	1,590	1,630
Net Utility Plant	884	929	1,019	1,777	2,760	2,928	3,287	3,665	3,971	4,352	4,680	5,056	5,370	5,779	6,243
Non-utility Property (net of accumulated depreciation and amortization of $96.8 and $71.1 at September 30, 2024 and 2023, respectively)	5	5	6	8	9	14	14	52	175	478	432	471	491	629	955
Other Investments	-	-	-	-	-	-	-	-	-	-	-	-	88	103	115
Spire Missouri	-	-	-	-	-	-	-	-	-	53	-	-	59	66	70
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total Other Property and Investments	-	-	-	-	-	-	-	-	-	550	504	554	579	731	1,071
Spire Missouri	-	-	-	-	-	-	-	-	-	53	-	-	59	66	70
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other Property and Investments	-	-	-	-	-	-	-	-	-	550	504	554	579	731	1,071
Spire Missouri	-	-	-	-	-	-	-	3	2	3	-	-	-	1	-
Spire Alabama Inc	-	-	-	-	-	-	-	0	-	-	-	-	2	1	2
Cash and cash equivalents	87	43	27	53	16	14	5	7	4	6	4	4	7	6	5
Spire Missouri	-	-	-	-	-	-	-	102	104	95	93	279	132	143	153
Spire Alabama Inc	-	-	-	-	-	-	-	32	40	38	31	50	70	42	36
Utility	-	-	-	-	148	138	128	141	152	140	132	338	211	192	196
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	-	45	21	22
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	7	7	6
Other	-	-	-	-	-	-	-	-	-	-	-	-	444	129	113
Spire Missouri	-	-	-	-	-	-	-	14	16	15	18	23	25	26	25
Spire Alabama Inc	-	-	-	-	-	-	-	3	4	6	6	7	6	6	6
Allowance for credit losses	10	10	8	8	16	14	21	18	22	23	25	30	32	33	31
Spire Missouri	-	-	-	-	-	-	-	3	7	4	2	2	16	18	6
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	8	7	5	4	6
Delayed customer billings	-	-	-	-	11	3	2	3	7	4	10	9	21	22	12
Spire Missouri	-	-	-	-	-	-	-	102	104	95	93	279	132	143	153
Spire Alabama Inc	-	-	-	-	-	-	-	32	40	38	31	50	70	42	36
Utility	-	-	-	-	148	138	128	141	152	140	132	338	211	192	196
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	-	45	21	22
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	7	7	6
Other	-	-	-	-	-	-	-	-	-	-	-	-	444	129	113
Spire Missouri	-	-	-	-	-	-	-	14	16	15	18	23	25	26	25
Spire Alabama Inc	-	-	-	-	-	-	-	3	4	6	6	7	6	6	6
Allowance for credit losses	10	10	8	8	16	14	21	18	22	23	25	30	32	33	31
Spire Missouri	-	-	-	-	-	-	-	3	7	4	2	2	16	18	6
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	8	7	5	4	6
Delayed customer billings	-	-	-	-	11	3	2	3	7	4	10	9	21	22	12
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	-	215	133	130
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	73	52	37
Natural gas	-	-	-	-	-	-	-	-	-	-	-	268	372	224	209
Spire Missouri	-	-	-	-	-	-	-	12	12	11	11	9	9	9	9
Propane gas	16	9	10	9	12	12	12	12	12	11	11	9	9	9	9
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	-	22	24	24
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	16	19	19
Materials and supplies	-	-	-	-	-	-	-	-	-	-	-	-	42	47	47
Spire Missouri	-	-	-	-	-	-	-	-	-	29	32	276	288	293	84
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	34	20	19	57	68	19
Regulatory Asset, Current	-	-	-	-	-	28	-	-	-	79	70	307	355	348	115
Spire Missouri	-	-	-	-	-	-	-	-	19	18	21	20	23	27	27
Spire Alabama Inc	-	-	-	-	-	-	-	-	6	5	4	5	6	6	11
Prepayments	-	-	-	-	-	-	-	-	31	29	29	29	41	48	48
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Spire Alabama Inc	-	-	-	-	-	-	-	-	2	0	0	-	-	-	-
Other Assets, Current	-	-	-	-	-	-	-	-	22	11	33	66	123	85	51
Spire Missouri	-	-	-	-	-	-	-	389	319	286	288	818	728	643	433
Spire Alabama Inc	-	-	-	-	-	-	-	147	121	122	96	127	230	169	129
Total Current Assets	414	369	343	476	605	530	570	726	660	615	591	1,317	1,592	1,077	771
Spire Missouri	-	-	-	-	-	-	-	210	210	210	210	210	210	210	210
Goodwill	-	-	-	247	938	946	1,165	1,172	1,172	1,172	1,172	1,172	1,172	1,172	1,172
Spire Missouri	-	-	-	-	-	-	-	558	441	508	549	483	548	618	588
Spire Alabama Inc	-	-	-	-	-	-	-	197	202	231	490	483	538	607	642
Regulatory assets	479	423	456	546	637	738	838	791	670	768	1,069	994	1,112	1,249	1,252
Spire Missouri	-	-	-	-	-	-	-	5	51	86	96	126	105	147	194
Spire Alabama Inc	-	-	-	-	-	-	-	57	58	53	54	64	81	84	95
Other	-	-	5	14	65	75	142	77	129	163	226	265	258	306	352
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	-	863	975	992
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	631	691	737
Total Deferred Charges and Other Assets	-	-	-	-	-	-	-	-	-	-	-	-	2,542	2,727	2,776
Spire Missouri	-	-	-	-	-	-	-	3,632	3,701	4,022	4,305	5,058	5,218	5,606	5,829
Spire Alabama Inc	-	-	-	-	-	-	-	1,643	1,616	1,744	2,051	2,171	2,409	2,449	2,496
Total Assets	1,840	1,783	1,880	3,125	5,074	5,290	6,077	6,547	6,844	7,619	8,241	9,356	10,084	10,314	10,861
Preferred stock ($25.00 par value per share; 10.0 million depositary shares authorized, issued and outstanding at September 30, 2024 and 2023)	-	-	-	-	-	-	-	-	-	242	242	242	-	-	-
Common stock (par value $1.00 per share; 70.0 million shares authorized; 57.7 million shares and 53.2 million shares issued and outstanding at September 30, 2024, and 2023, respectively)	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0
Spire Missouri	-	-	-	-	-	-	-	-	-	765	765	765	816	855	855
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	371	351	329	-	-	-
Paid-in capital	-	-	-	-	-	-	-	-	-	1,506	1,549	1,518	1,571	1,617	1,902
Spire Missouri	-	-	-	-	-	-	-	-	-	577	673	817	932	992	1,111
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	459	501	553	589	642	669
Retained earnings	-	-	-	-	-	-	-	-	-	776	721	843	906	958	1,019
Accumulated other comprehensive income	-	-	-	-	-	-	-	-	-	-2	-3	-4	-3	-2	-2
Spire Missouri	-	-	-	-	-	-	-	1,171	1,260	1,339	1,435	1,578	1,745	1,845	1,964
Spire Alabama Inc	-	-	-	-	-	-	-	867	809	830	852	882	906	928	948
Total Shareholders' Equity	536	573	602	1,046	1,508	1,574	1,768	1,991	2,255	2,543	2,522	2,658	2,819	2,917	3,233
Temporary equity	-	-	-	-	-	-	-	-	-	-	-	-	13	17	9
Spire Missouri	-	-	-	-	-	-	-	874	824	925	1,092	1,338	1,388	1,785	1,803
Spire Alabama Inc	-	-	-	-	-	-	-	248	323	372	472	571	572	746	711
Long-term debt (less current portion)	364	364	339	913	1,851	1,772	1,834	1,995	1,900	2,083	2,424	2,939	2,959	3,554	3,704
Spire Missouri	-	-	-	-	-	-	-	2,045	2,084	2,264	2,527	2,916	3,133	3,630	3,767
Spire Alabama Inc	-	-	-	-	-	-	-	1,115	1,131	1,202	1,324	1,453	1,478	1,674	1,660
Total Capitalization	900	938	941	1,959	3,359	3,345	3,602	3,986	4,163	4,629	4,949	5,607	5,790	6,488	6,946
Common stock and paid-in capital (par value $0.01 per share; 3,000,000 shares authorized; 1,972,052 issued and outstanding at September 30, 2024 and 2023)	-	-	-	-	-	-	-	-	-	-	-	-	317	286	279
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	-	250	-	-
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35
Current portion of long-term debt	-	-	-	-	-	-	-	-	-	-	-	-	281	157	42
Spire Missouri	-	-	-	-	-	-	-	-	-	-	-	250	-	541	495
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	-	124	48
Notes payable	-	-	-	-	287	338	399	477	554	743	648	672	1,038	956	947
Spire Missouri	-	-	-	-	-	-	-	90	82	76	67	90	119	86	92
Spire Alabama Inc	-	-	-	-	-	-	-	44	48	56	44	52	86	28	38
Accounts payable	96	97	90	140	177	147	211	257	290	302	243	410	617	253	237
Spire Missouri	-	-	-	-	-	-	-	-	-	21	33	20	7	11	36
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	11	12	11	10	8	11
Advance customer billings	-	-	-	-	-	-	-	-	-	33	45	32	19	21	48
Spire Missouri	-	-	-	-	-	-	-	30	31	35	33	40	34	24	24
Spire Alabama Inc	-	-	-	-	-	-	-	7	7	8	8	9	8	7	7
Wages and compensation accrued	13	14	14	21	36	33	40	39	40	46	46	60	50	47	52
Spire Missouri	-	-	-	-	-	-	-	-	-	13	9	8	7	6	6
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	20	19	18	19	19	21
Customer deposits	-	-	-	-	-	-	-	-	-	36	31	29	28	28	30
Spire Missouri	-	-	-	-	-	-	-	34	32	36	39	41	50	60	60
Spire Alabama Inc	-	-	-	-	-	-	-	23	28	27	28	30	31	35	35
Taxes accrued	-	-	11	33	63	52	55	61	65	69	71	79	90	104	105
Spire Missouri	-	-	-	-	-	-	-	-	-	52	103	17	53	11	10
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	4	4	13	-	-	34
Regulatory liabilities	-	-	-	-	-	32	-	-	-	61	113	35	4	7	50
Spire Missouri	-	-	-	-	-	-	-	9	20	26	40	47	46	49	51
Spire Alabama Inc	-	-	-	-	-	-	-	3	3	9	12	17	22	15	14
Other Liabilities, Current	13	12	14	23	86	33	33	33	58	141	191	237	227	183	193
Spire Missouri	-	-	-	-	-	-	-	508	622	651	635	765	971	786	782
Spire Alabama Inc	-	-	-	-	-	-	-	301	274	305	251	257	441	240	249
Total Current Liabilities	334	232	252	353	783	854	1,161	1,098	1,322	1,469	1,449	1,608	2,354	1,755	1,704
Spire Missouri	-	-	-	-	-	-	-	-	-	52	103	17	53	11	10
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	4	4	13	-	-	34
Regulatory liabilities	-	-	-	-	-	32	-	-	-	61	113	35	4	7	50
Spire Missouri	-	-	-	-	-	-	-	624	361	365	435	480	500	532	568
Spire Alabama Inc	-	-	-	-	-	-	-	-	-	-	-	-	-	9	36
Deferred income taxes	-	-	-	-	-	-	607	708	436	451	511	612	675	744	808
Spire Missouri	-	-	-	-	-	-	-	173	137	192	217	160	116	103	110
Spire Alabama Inc	-	-	-	-	-	-	-	50	35	59	75	67	41	27	28
Pension and postretirement benefit costs	208	186	197	229	245	253	304	237	180	265	309	236	163	137	147
Spire Missouri	-	-	-	-	-	-	-	159	174	174	153	143	111	111	96
Spire Alabama Inc	-	-	-	-	-	-	-	128	136	149	374	363	399	451	469
Asset retirement obligations	26	27	40	75	99	159	206	297	321	338	540	520	521	577	580
Spire Missouri	-	-	-	-	-	-	-	81	275	327	275	539	332	389	443
Spire Alabama Inc	-	-	-	-	-	-	-	40	31	23	19	23	23	21	28
Regulatory liabilities	-	-	-	-	126	119	131	157	355	399	344	621	418	472	536
Spire Missouri	-	-	-	-	-	-	-	42	48	49	63	56	56	53	63
Spire Alabama Inc	-	-	-	-	-	-	-	8	9	6	9	8	28	27	27
Other Liabilities, Noncurrent	30	31	35	45	75	77	66	64	67	69	138	152	163	140	141
Spire Missouri	-	-	-	-	-	-	-	1,079	995	1,106	1,143	1,377	1,114	1,189	1,280
Spire Alabama Inc	-	-	-	-	-	-	-	226	211	237	477	461	491	535	587
Total Deferred Credits and Other Liabilities	-	-	-	-	-	-	1,314	1,463	1,359	1,521	1,843	2,141	1,940	2,070	2,211
Spire Missouri	-	-	-	-	-	-	-	3,632	3,701	4,022	4,305	5,058	5,218	5,606	5,829
Spire Alabama Inc	-	-	-	-	-	-	-	1,643	1,616	1,744	2,051	2,171	2,409	2,449	2,496
Total Capitalization and Liabilities	1,840	1,783	1,880	3,125	5,074	5,290	6,077	6,547	6,844	7,619	8,241	9,356	10,084	10,314	10,861
Spire Missouri	-	-	-	-	-	-	-	81	275	327	275	539	332	389	443
Spire Alabama Inc	-	-	-	-	-	-	-	40	31	23	19	23	23	21	28
Regulatory liabilities	-	-	-	-	126	119	131	157	355	399	344	621	418	472	536