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Spire Inc. reports developments for a regulated natural gas utility company centered on gas distribution businesses in Missouri, Alabama, Mississippi and Tennessee. Its recurring news includes quarterly operating results, earnings guidance, common stock dividends, infrastructure and utility investment themes, and capital actions tied to its public securities.
Company updates also cover Spire's portfolio shift toward regulated gas utility operations, including the completed acquisition of the Piedmont Natural Gas Tennessee business and the completed sale of Spire Marketing. Spire reports its natural gas utilities in a Gas Utility segment, with remaining operations such as Spire MoGas Pipeline reported outside that segment.
Spire (NYSE: SR) reported fiscal 2026 second quarter results for the period ended March 31, 2026, including a consolidated net income of $217.6 million ($3.51 per diluted share) and adjusted earnings of $223.7 million ($3.76 per share).
Spire completed the Piedmont Tennessee acquisition March 31, announced sales of Spire Marketing, Spire Storage and Spire Mississippi, updated fiscal 2026 adjusted EPS guidance to $3.90–$4.10, and reaffirmed fiscal 2027 guidance of $5.40–$5.60. Fiscal 2026 continuing-operations capex is expected at $797 million.
Spire (NYSE: SR) completed the sale of its gas marketing business, Spire Marketing, to Boardwalk Pipelines for $215 million in cash, effective April 30, 2026. Employees and clients will transfer to Boardwalk Continuum Marketing.
Proceeds will partially fund Spire's acquisition of the Piedmont Natural Gas Tennessee business and be used for general corporate purposes.
Boardwalk Pipelines (NYSE: SR) completed the acquisition of Spire Marketing Inc. and rebranded the business as Boardwalk Continuum Marketing on April 30, 2026. The unit will operate within Boardwalk's integrated natural gas platform to offer bundled supply, transportation, storage and marketing solutions.
The acquisition expands reach into end‑use markets including LNG exports and gas‑fired power generation. Pat Strange will continue as president of the new business. Barclays served as financial advisor and Gable Gotwals as legal counsel.
Spire (NYSE: SR) declared a quarterly common stock dividend of $0.825 per share, payable July 2, 2026 to shareholders of record on June 11, 2026. Spire has paid cash dividends since 1946 and 2026 marks its 23rd consecutive year of annualized dividend increases.
Delta Utilities, a Bernhard Capital Partners portfolio company, agreed to acquire Spire Mississippi, the Mississippi local natural gas distribution company serving approximately 18,000 customers. More than 35 Spire Mississippi employees are expected to join Delta following closing. The transaction is expected to close near the end of 2026, pending required regulatory approvals.
The deal is described as a geographic fit intended to generate operating efficiencies, enhance emergency response readiness, and expand system capabilities across Delta's Mississippi footprint.
Spire (NYSE: SR) agreed to sell its Mississippi local distribution company to Delta Utilities for $75 million, representing a 1.4x multiple of 2025 rate base. The sale covers ~745 miles of pipeline and ~18,000 customers and is expected to close in the first fiscal quarter of 2027, subject to Mississippi Public Service Commission approval.
Proceeds will fund infrastructure investments across Spire's regulated gas utilities in Alabama, Missouri and Tennessee; affected employees supporting the business are expected to transition to Delta Utilities.
Spire (NYSE: SR) agreed to sell its natural gas storage assets in Wyoming and Oklahoma to I Squared Capital for $650 million ($600M cash at closing, $50M deferred in fiscal 2027). The sale supports funding for the Piedmont Tennessee acquisition and is expected to close in the second half of Spire's fiscal 2026, subject to customary conditions and HSR clearance.
Spire Storage includes 55 Bcf working capacity in Wyoming and 17 Bcf in Oklahoma. Spire said the transaction sharpens focus on regulated utility operations and improves its risk profile; guidance updates will be provided on the Q2 fiscal 2026 earnings call in May.
Spire (NYSE: SR) will hold its fiscal 2026 second quarter earnings conference call on Wednesday, May 6 at 8:00 a.m. CT (9:00 a.m. ET).
A news release with results and guidance will be issued before market open that day. The call is listen-only and webcast on Investors.SpireEnergy.com; a replay will be available through May 13, 2026.
Duke Energy (NYSE: DUK) completed the sale of its Tennessee Piedmont Natural Gas business to Spire (NYSE: SR) for $2.48 billion on March 31, 2026.
Approximately $800 million will pay down Piedmont debt; the remaining $1.5 billion (net of tax) will help fund a $103 billion regulated capital plan over five years. The transaction includes nearly 3,800 miles of pipeline serving >200,000 customers.
Spire (NYSE: SR) completed the acquisition of Piedmont Natural Gas's Tennessee business from Duke Energy for $2.48 billion, effective March 31, 2026.
The deal creates Spire Tennessee, serving >200,000 customers with ~3,800 miles of pipelines and representing ~20% of Spire's five-year capital plan through 2030.