XML 23 R10.htm IDEA: XBRL DOCUMENT v3.22.1
Revenue
6 Months Ended
Mar. 31, 2022
Revenue From Contract With Customer [Abstract]  
Revenue

2. REVENUE

The following tables show revenue disaggregated by source and customer type.

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Spire

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gas Utility:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

687.3

 

 

$

537.6

 

 

$

1,029.3

 

 

$

887.5

 

Commercial and industrial

 

 

85.6

 

 

 

369.2

 

 

 

189.4

 

 

 

472.2

 

Transportation

 

 

33.5

 

 

 

34.2

 

 

 

64.7

 

 

 

66.4

 

Off-system and other incentive

 

 

12.0

 

 

 

130.6

 

 

 

16.8

 

 

 

139.9

 

Other customer revenue

 

 

6.5

 

 

 

(11.9

)

 

 

10.1

 

 

 

(9.7

)

Total revenue from contracts with customers

 

 

824.9

 

 

 

1,059.7

 

 

 

1,310.3

 

 

 

1,556.3

 

Changes in accrued revenue under alternative revenue programs

 

 

(7.5

)

 

 

(6.6

)

 

 

10.6

 

 

 

(5.0

)

Total Gas Utility operating revenues

 

 

817.4

 

 

 

1,053.1

 

 

 

1,320.9

 

 

 

1,551.3

 

Gas Marketing

 

 

59.4

 

 

 

33.4

 

 

 

107.3

 

 

 

58.2

 

Other

 

 

18.1

 

 

 

15.6

 

 

 

34.7

 

 

 

32.3

 

Total before eliminations

 

 

894.9

 

 

 

1,102.1

 

 

 

1,462.9

 

 

 

1,641.8

 

Intersegment eliminations (see Note 9, Information by Operating Segment)

 

 

(14.0

)

 

 

2.8

 

 

 

(26.6

)

 

 

(24.3

)

Total Operating Revenues

 

$

880.9

 

 

$

1,104.9

 

 

$

1,436.3

 

 

$

1,617.5

 

 

Spire Missouri

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

529.1

 

 

$

365.4

 

 

$

776.2

 

 

$

628.4

 

Commercial and industrial

 

 

19.9

 

 

 

304.0

 

 

 

88.1

 

 

 

373.9

 

Transportation

 

 

10.1

 

 

 

9.9

 

 

 

19.3

 

 

 

18.9

 

Off-system and other incentive

 

 

11.3

 

 

 

128.5

 

 

 

15.8

 

 

 

135.9

 

Other customer revenue

 

 

3.6

 

 

 

(17.5

)

 

 

5.9

 

 

 

(14.6

)

Total revenue from contracts with customers

 

 

574.0

 

 

 

790.3

 

 

 

905.3

 

 

 

1,142.5

 

Changes in accrued revenue under alternative revenue programs

 

 

(2.8

)

 

 

0.6

 

 

 

13.8

 

 

 

3.9

 

Total Operating Revenues

 

$

571.2

 

 

$

790.9

 

 

$

919.1

 

 

$

1,146.4

 

 

Spire Alabama

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Residential

 

$

129.9

 

 

$

144.8

 

 

$

210.0

 

 

$

214.0

 

Commercial and industrial

 

 

51.6

 

 

 

53.2

 

 

 

77.6

 

 

 

77.5

 

Transportation

 

 

20.7

 

 

 

21.7

 

 

 

40.1

 

 

 

42.2

 

Off-system and other incentive

 

 

0.6

 

 

 

1.9

 

 

 

1.0

 

 

 

3.9

 

Other customer revenue

 

 

1.9

 

 

 

3.9

 

 

 

2.7

 

 

 

2.0

 

Total revenue from contracts with customers

 

 

204.7

 

 

 

225.5

 

 

 

331.4

 

 

 

339.6

 

Changes in accrued revenue under alternative revenue programs

 

 

(0.6

)

 

 

(2.9

)

 

 

(0.7

)

 

 

(3.4

)

Total Operating Revenues

 

$

204.1

 

 

$

222.6

 

 

$

330.7

 

 

$

336.2

 

As discussed in Note 4, Regulatory Matters, Spire Missouri (1) reduced “Commercial and industrial” revenue by approximately $150 for the three and six months ended March 31, 2022, to reflect a 2022 settlement in principle regarding February 2021 Operational Flow Order charges and (2) recorded a $25.0 revenue adjustment related to “Off-system and other incentive” sales during February 2021, resulting in negative “Other customer revenue” for the three and six months ended March 31, 2021.

Gross receipts taxes associated with the Company’s natural gas utility services are imposed on the Company, Spire Missouri, and Spire Alabama and billed to its customers. The expense amounts (shown in the table below) are reported gross in the “Taxes, other than income taxes” line in the statements of income, and corresponding revenues are reported in “Operating Revenues.

 

 

Three Months Ended

March 31,

 

 

Six Months Ended

March 31,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Spire

 

$

51.9

 

 

$

42.2

 

 

$

73.8

 

 

$

63.9

 

Spire Missouri

 

 

39.0

 

 

 

28.6

 

 

 

53.9

 

 

 

43.8

 

Spire Alabama

 

 

11.3

 

 

 

11.8

 

 

 

17.0

 

 

 

17.1