Spire Inc's Business Segments

Spire Inc., established in 2000, is a holding company overseeing subsidiaries including Spire Missouri Inc., Spire Alabama Inc., Spire Gulf Inc., Spire Mississippi Inc., and Spire Marketing Inc. Spire Missouri was founded in 1857, and Spire Alabama originated in 1948 from the merger of two gas companies. The company operates primarily through two segments: Gas Utility and Gas Marketing. The Gas Utility segment encompasses the regulated operations of its regional subsidiaries, while the Gas Marketing segment, through Spire Marketing Inc., provides natural gas marketing services such as supply, price risk management, transportation, and storage to municipalities, commercial and industrial customers, and power generators. Spire focuses on infrastructure investment to maintain and enhance the safety and reliability of its gas distribution systems, including pipeline replacements, system upgrades, and the installation of protection devices. The company also invests in technology and automation to improve operational efficiency and reduce costs. Employee safety and wellbeing are priorities for Spire, which has achieved a 67% reduction in employee injury rates since 2015. The company offers employee assistance programs, health incentives, comprehensive wellbeing initiatives, and access to developmental assessments and training. Spire actively promotes diversity, equity, and inclusion through affirmative action plans and workforce policies. In environmental, social, and governance (ESG) efforts, Spire has set goals to reduce greenhouse gas emissions, increase renewable energy use, and promote energy efficiency and conservation among customers. The company maintains a comprehensive safety program for employees, customers, and communities. Spire distributes corporate information, including news releases, analyst presentations, and financial data, primarily through its website, SpireEnergy.com.

The registrant operates through three reportable business segments: Gas Utility, Gas Marketing, and Midstream. The Gas Utility segment comprises the regulated operations of Spire Missouri, Spire Alabama, Spire Gulf Inc. ("Spire Gulf"), and Spire Mississippi Inc. ("Spire Mississippi"), collectively referred to as the Utilities. The Gas Marketing segment consists of Spire Marketing Inc. ("Spire Marketing"), a wholly owned subsidiary providing natural gas marketing services. The Midstream segment includes Spire STL Pipeline LLC ("Spire STL Pipeline"), Spire MoGas Pipeline LLC ("Spire MoGas Pipeline"), and Spire Storage, which encompasses the operations of Spire Storage West LLC and Spire Storage Salt Plains LLC; these subsidiaries are engaged in the transportation and storage of natural gas. Additional components include subsidiaries involved in propane pipeline operations and risk management, as well as unallocated corporate items such as certain debt and related interest costs.