Spire Alabama 8-K Energen Earns $0.76 Per Diluted Share In Second Quarter 2009

Exhibit 99.2

CONSOLIDATED STATEMENTSOF INCOME (UNAUDITED)

For the 3 months ending June 30, 2009 and 2008

	2nd Quarter
(in thousands, except per share data)	2009			2008			Change
Operating Revenues
Oil and gas operations	$	198,537		$	231,780		$	(33,243	)
Natural gas distribution		107,683			109,486			(1,803	)
Total operating revenues		306,220			341,266			(35,046	)
Operating Expenses
Cost of gas		50,837			55,869			(5,032	)
Operations and maintenance		88,500			93,427			(4,927	)
Depreciation, depletion and amortization		56,407			44,114			12,293
Taxes, other than income taxes		15,168			29,868			(14,700	)
Accretion expense		1,163			1,055			108
Total operating expenses		212,075			224,333			(12,258	)
Operating Income		94,145			116,933			(22,788	)
Other Income (Expense)
Interest expense		(9,788	)		(10,258	)		470
Other income		2,817			486			2,331
Other expense		(170	)		(452	)		282
Total other expense		(7,141	)		(10,224	)		3,083
Income Before Income Taxes		87,004			106,709			(19,705	)
Income tax expense		32,003			39,831			(7,828	)
Net Income	$	55,001		$	66,878		$	(11,877	)
Diluted Earnings Per Average Common Share	$	0.76		$	0.93		$	(0.17	)
Basic Earnings Per Average Common Share	$	0.77		$	0.93		$	(0.16	)
Diluted Avg. Common Shares Outstanding		71,904			72,055			(151	)
Basic Avg. Common Shares Outstanding		71,644			71,585			59
Dividends Per Common Share	$	0.125		$	0.12		$	0.005

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CONSOLIDATED STATEMENTSOF INCOME (UNAUDITED)

For the 6 months ending June 30, 2009 and 2008

	Year-to-date
(in thousands, except per share data)	2009			2008			Change
Operating Revenues
Oil and gas operations	$	387,657		$	456,675		$	(69,018	)
Natural gas distribution		402,669			406,237			(3,568	)
Total operating revenues		790,326			862,912			(72,586	)
Operating Expenses
Cost of gas		202,906			217,258			(14,352	)
Operations and maintenance		176,887			179,979			(3,092	)
Depreciation, depletion and amortization		110,985			86,530			24,455
Taxes, other than income taxes		41,628			64,773			(23,145	)
Accretion expense		2,299			2,100			199
Total operating expenses		534,705			550,640			(15,935	)
Operating Income		255,621			312,272			(56,651	)
Other Income (Expense)
Interest expense		(19,569	)		(21,380	)		1,811
Other income		1,522			730			792
Other expense		(360	)		(1,048	)		688
Total other expense		(18,407	)		(21,698	)		3,291
Income Before Income Taxes		237,214			290,574			(53,360	)
Income tax expense		86,631			107,008			(20,377	)
Net Income	$	150,583		$	183,566		$	(32,983	)
Diluted Earnings Per Average Common Share	$	2.09		$	2.55		$	(0.46	)
Basic Earnings Per Average Common Share	$	2.10		$	2.56		$	(0.46	)
Diluted Avg. Common Shares Outstanding		71,888			72,054			(166	)
Basic Avg. Common Shares Outstanding		71,642			71,611			31
Dividends Per Common Share	$	0.25		$	0.24		$	0.01

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CONSOLIDATED STATEMENTSOF INCOME (UNAUDITED)

For the 12 months ending June 30, 2009 and 2008

	Trailing 12 Months
(in thousands, except per share data)	2009			2008			Change
Operating Revenues
Oil and gas operations	$	845,114		$	884,878		$	(39,764	)
Natural gas distribution		651,210			605,511			45,699
Total operating revenues		1,496,324			1,490,389			5,935
Operating Expenses
Cost of gas		337,422			314,191			23,231
Operations and maintenance		351,668			347,268			4,400
Depreciation, depletion and amortization		212,868			171,180			41,688
Taxes, other than income taxes		84,460			108,422			(23,962	)
Accretion expense		4,489			4,127			362
Total operating expenses		990,907			945,188			45,719
Operating Income		505,417			545,201			(39,784	)
Other Income (Expense)
Interest expense		(40,168	)		(44,243	)		4,075
Other income		2,675			1,887			788
Other expense		(6,326	)		(1,625	)		(4,701	)
Total other expense		(43,819	)		(43,981	)		162
Income from Continuing Operations Before Income Taxes		461,598			501,220			(39,622	)
Income tax expense		172,666			180,226			(7,560	)
Income from Continuing Operations		288,932			320,994			(32,062	)
Discontinued Operations, Net of Taxes
Income from discontinued operations		—			2			(2	)
Gain on disposal of discontinued operations		—			18			(18	)
Income from Discontinued Operations		—			20			(20	)
Net Income	$	288,932		$	321,014		$	(32,082	)
Diluted Earnings Per Average Common Share
Continuing operations	$	4.02		$	4.46		$	(0.44	)
Discontinued operations		—			—			—
Net Income	$	4.02		$	4.46		$	(0.44	)
Basic Earnings Per Average Common Share
Continuing operations	$	4.03		$	4.48		$	(0.45	)
Discontinued operations		—			—			—
Net Income	$	4.03		$	4.48		$	(0.45	)
Diluted Avg. Common Shares Outstanding		71,961			72,044			(83	)
Basic Avg. Common Shares Outstanding		71,641			71,641			—
Dividends Per Common Share	$	0.49		$	0.47		$	0.02

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SELECTED BUSINESS SEGMENT DATA (UNAUDITED)

For the 3 months ending June 30, 2009 and 2008

	2nd Quarter
(in thousands, except sales price data)	2009		2008			Change
Oil and Gas Operations
Operating revenues
Natural gas	$	112,822	$	135,216		$	(22,394	)
Oil		66,620		74,928			(8,308	)
Natural gas liquids		16,194		20,065			(3,871	)
Other		2,901		1,571			1,330
Total	$	198,537	$	231,780		$	(33,243	)
Production volumes
Natural gas (MMcf)		18,001		16,396			1,605
Oil (MBbl)		1,113		1,006			107
Natural gas liquids (MMgal)		18.4		18.1			0.30
Total production volumes (MMcfe)		27,314		25,022			2,292
Revenue per unit of production including effects of all derivative instruments
Natural gas (Mcf)	$	6.27	$	8.25		$	(1.98	)
Oil (barrel)	$	59.85	$	74.51		$	(14.66	)
Natural gas liquids (gallon)	$	0.88	$	1.11		$	(0.23	)
Other data
Lease operating expense (LOE)
LOE and other	$	43,371	$	41,602		$	1,769
Production taxes		7,269		21,553			(14,284	)
Total	$	50,640	$	63,155		$	(12,515	)
Depreciation, depletion and amortization	$	43,753	$	31,995		$	11,758
General and administrative expense	$	11,428	$	13,528		$	(2,100	)
Capital expenditures	$	241,213	$	98,513		$	142,700
Exploration expenditures	$	104	$	2,960		$	(2,856	)
Operating income	$	91,449	$	119,087		$	(27,638	)
Natural Gas Distribution
Operating revenues
Residential	$	64,764	$	63,711		$	1,053
Commercial and industrial		29,918		31,378			(1,460	)
Transportation		12,209		11,506			703
Other		792		2,891			(2,099	)
Total	$	107,683	$	109,486		$	(1,803	)
Gas delivery volumes (MMcf)
Residential		3,095		3,211			(116	)
Commercial and industrial		1,810		1,983			(173	)
Transportation		8,302		11,264			(2,962	)
Total		13,207		16,458			(3,251	)
Other data
Depreciation and amortization	$	12,654	$	12,119		$	535
Capital expenditures	$	19,864	$	15,926		$	3,938
Operating income	$	3,242	$	(1,472	)	$	4,714

15

SELECTED BUSINESS SEGMENT DATA (UNAUDITED)

For the 6 months ending June 30, 2009 and 2008

	Year-to-date
(in thousands, except sales price data)	2009		2008		Change
Oil and Gas Operations
Operating revenues
Natural gas	$	228,457	$	266,170	$	(37,713	)
Oil		124,362		139,027		(14,665	)
Natural gas liquids		30,716		37,511		(6,795	)
Other		4,122		13,967		(9,845	)
Total	$	387,657	$	456,675	$	(69,018	)
Production volumes
Natural gas (MMcf)		35,651		32,823		2,828
Oil (MBbl)		2,203		1,950		253
Natural gas liquids (MMgal)		35.9		34.9		1.00
Total production volumes (MMcfe)		54,006		49,505		4,501
Revenue per unit of production including effects of all derivative instruments
Natural gas (Mcf)	$	6.41	$	8.11	$	(1.70	)
Oil (barrel)	$	56.44	$	71.31	$	(14.87	)
Natural gas liquids (gallon)	$	0.85	$	1.08	$	(0.23	)
Other data
Lease operating expense (LOE)
LOE and other	$	89,243	$	84,737	$	4,506
Production taxes		15,110		38,129		(23,019	)
Total	$	104,353	$	122,866	$	(18,513	)
Depreciation, depletion and amortization	$	85,716	$	62,391	$	23,325
General and administrative expense	$	22,440	$	25,427	$	(2,987	)
Capital expenditures	$	315,828	$	172,910	$	142,918
Exploration expenditures	$	254	$	3,309	$	(3,055	)
Operating income	$	172,595	$	240,582	$	(67,987	)
Natural Gas Distribution
Operating revenues
Residential	$	269,292	$	263,286	$	6,006
Commercial and industrial		105,294		108,883		(3,589	)
Transportation		27,225		27,009		216
Other		858		7,059		(6,201	)
Total	$	402,669	$	406,237	$	(3,568	)
Gas delivery volumes (MMcf)
Residential		14,286		14,742		(456	)
Commercial and industrial		6,378		6,959		(581	)
Transportation		19,271		25,561		(6,290	)
Total		39,935		47,262		(7,327	)
Other data
Depreciation and amortization	$	25,269	$	24,139	$	1,130
Capital expenditures	$	35,974	$	28,996	$	6,978
Operating income	$	84,081	$	73,016	$	11,065

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SELECTED BUSINESS SEGMENT DATA (UNAUDITED)

For the 12 months ending June 30, 2009 and 2008

	Trailing 12 Months
(in thousands, except sales price data)	2009		2008		Change
Oil and Gas Operations
Operating revenues from continuing operations
Natural gas	$	498,570	$	517,639	$	(19,069	)
Oil		278,243		275,825		2,418
Natural gas liquids		61,421		74,544		(13,123	)
Other		6,880		16,870		(9,990	)
Total	$	845,114	$	884,878	$	(39,764	)
Production volumes from continuing operations
Natural gas (MMcf)		70,401		65,886		4,515
Oil (MBbl)		4,367		3,956		411
Natural gas liquids (MMgal)		71.8		74.1		(2.30	)
Production volumes from continuing ops. (MMcfe)		106,855		100,206		6,649
Total production volumes (MMcfe)		106,855		100,206		6,649
Revenue per unit of production including effects of all derivative instruments
Natural gas (Mcf)	$	7.08	$	7.86	$	(0.78	)
Oil (barrel)	$	63.71	$	69.73	$	(6.02	)
Natural gas liquids (gallon)	$	0.86	$	1.01	$	(0.15	)
Other data from continuing operations
Lease operating expense (LOE)
LOE and other	$	178,633	$	158,487	$	20,146
Production taxes		39,533		66,327		(26,794	)
Total	$	218,166	$	224,814	$	(6,648	)
Depreciation, depletion and amortization	$	162,864	$	123,159	$	39,705
General and administrative expense	$	38,753	$	51,474	$	(12,721	)
Capital expenditures	$	592,489	$	391,868	$	200,621
Exploration expenditures	$	6,241	$	5,928	$	313
Operating income	$	414,601	$	475,376	$	(60,775	)
Natural Gas Distribution
Operating revenues
Residential	$	414,286	$	380,951	$	33,335
Commercial and industrial		174,130		164,892		9,238
Transportation		51,332		50,330		1,002
Other		11,462		9,338		2,124
Total	$	651,210	$	605,511	$	45,699
Gas delivery volumes (MMcf)
Residential		21,176		20,641		535
Commercial and industrial		10,353		10,699		(346	)
Transportation		40,499		51,391		(10,892	)
Total		72,028		82,731		(10,703	)
Other data
Depreciation and amortization	$	50,004	$	48,021	$	1,983
Capital expenditures	$	70,298	$	56,285	$	14,013
Operating income	$	93,021	$	72,351	$	20,670

17