EARNINGS PER COMMON SHARE

9 Months Ended

Jun. 30, 2015



	Three Months Ended June 30,				Nine Months Ended June 30,
(Millions, except per share amounts)	2015		2014		2015		2014
Basic EPS:
Net Income	$	14.1	$	11.7	$	155.6	$	99.5
Less: Income allocated to participating securities	0.1		—		0.5		0.4
Net Income Available to Common Shareholders	$	14.0	$	11.7	$	155.1	$	99.1

Weighted Average Shares Outstanding	43.2		34.9		43.1		33.3

Basic Earnings Per Share of Common Stock	$	0.32	$	0.34	$	3.59	$	2.97

Diluted EPS:
Net Income	$	14.1	$	11.7	$	155.6	$	99.5
Less: Income allocated to participating securities	0.1		—		0.5		0.4
Net Income Available to Common Shareholders	$	14.0	$	11.7	$	155.1	$	99.1

Weighted Average Shares Outstanding	43.2		34.9		43.1		33.3
Dilutive Effect of Stock Options, Restricted Stock and Restricted Stock Units	0.1		0.1		0.1		0.1
Weighted Average Diluted Shares	43.3		35.0		43.2		33.4

Diluted Earnings Per Share of Common Stock	$	0.32	$	0.33	$	3.59	$	2.97

In the three and nine months ended June 30, 2015 and 2014, there were approximately 300,000 shares of restricted stock and stock units subject to performance or market conditions excluded from the calculation of diluted EPS. Also, Laclede Group's 2014 2.0% Series Equity Units issued in June 2014 were anti-dilutive for the three and nine months ended June 30, 2015 and 2014; accordingly, they were excluded from the calculation of weighted average diluted shares for those periods.