Investor Presentation December 2021
Key quarterly variances
Contribution Margin
(Millions)
Three months ended September 30,
Gas Utility
As reported
2021
2020
MO Gas
Utility
Gas
Marketing
Net
variance
$
195.8 $
168.1
$
25.3
$
-
$
2.4
Gas Marketing
19.1
(5.6)
17.8
6.9
Other and eliminations
14.0
13.4
0.6
$
228.9 $
175.9 $
25.3
$
17.8
$
9.9
Operation and Maintenance
Gas Utility
$
112.0 $
101.4
$
6.2
$
ՄԴ
$
4.4
Gas Marketing
3.5
2.9
0.6
Other
7.7
7.1
0.6
$
123.2 $
111.4
$
6.2
$
$
5.6
Depreciation and Amortization
$
57.7 $
50.5
ST
4.0
$
Taxes, Other than Income Taxes
$
33.5 $
25.7
$
6.5
$
et st
3.2
1.3
Other (expense) income, net
$
(8.5) $
0.9 $
(8.0)
ՄՌ
$
(1.4)
Net after-tax impact'
$
0.5
$
13.5
•
Quarterly results include the impact of several utility items; overall impact not material
-
Missouri rate case stipulation, including true-up of regulatory accounts and trackers
-
The benefit of Missouri off-system sales and related funding of customer programs
.
Net Gas Utility O&M costs were up $0.6M (or 0.6%) after considering a ~$3.8M Covid-19
true-up that reduced quarterly expense in FY20
¹Includes income tax expense of $0.2M (Gas Utility) and $4.3M (Gas Marketing).
36
Spire | Investor presentation - December 2021View entire presentation