Spire announces sale of gas marketing business to Boardwalk Pipelines for $215 million [Yahoo! Finance]
Spire Inc. (SR)
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Source: Yahoo! Finance
Reaffirms long-term adjusted earnings per share (EPS) growth of 5-7% using original fiscal 2027 adjusted EPS midpoint as a base Proceeds expected to be used to partially fund the acquisition of the Piedmont Natural Gas Tennessee business and general corporate purposes ST. LOUIS March 30, 2026 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced it has entered into an agreement to sell its gas marketing business, Spire Marketing Inc. (Spire Marketing) to Boardwalk Pipelines, LP (Boardwalk) for $215 million in cash. The transaction is expected to close in the third fiscal quarter of 2026 and is subject to regulatory approvals and completion of other customary closing conditions. Proceeds from the transaction are expected to be used to partially fund the acquisition of the Piedmont Natural Gas Tennessee business and general corporate purposes. Spire continues to evaluate the sale of its natural gas storage facilities to fund the acquisition and expects to provide an update no later
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News
- Boardwalk Pipelines Enters Agreement to Acquire Spire Marketing [Yahoo! Finance]Yahoo! Finance
- Spire announces sale of gas marketing business to Boardwalk Pipelines for $215 millionPR Newswire
- Boardwalk Pipelines Enters Agreement to Acquire Spire MarketingPR Newswire
- Zacks Industry Outlook Highlights Atmos Energy, Spire and Northwest Natural [Yahoo! Finance]Yahoo! Finance
- Spire (NYSE:SR) had its "overweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
SR
Earnings
- 2/3/26 - Beat
SR
Sec Filings
- 3/30/26 - Form 8-K
- 3/27/26 - Form SCHEDULE
- 3/16/26 - Form 8-K
- SR's page on the SEC website