Spire announces sale of its Mississippi natural gas business to Delta Utilities for $75 million [Yahoo! Finance]
Spire Inc. (SR)
Last spire inc. earnings: 2/5 08:38 am
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Source: Yahoo! Finance
Spire Mississippi serves approximately 18,000 customers and includes roughly 745 miles of distribution pipelines Expected to close first fiscal quarter of 2027 ST. LOUIS April 22, 2026 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced it has entered into an agreement to sell its Mississippi local distribution company ("Spire Mississippi") to Delta Utilities, a company backed by Bernhard Capital Partners, for $75 million in cash. The transaction represents a 1.4x multiple of 2025 rate base. Spire logo (PRNewsfoto/Spire Inc.) Proceeds will be used to fund planned infrastructure investments across Spire's regulated gas utilities in Alabama, Missouri and Tennessee, benefiting customers while supporting long-term shareholder value. Spire Mississippi's operations include approximately 745 miles of distribution pipelines serving approximately 18,000 customers in south-central Mississippi, including Hattiesburg. Spire employees who directly support the business are expected to
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News
- BERNHARD CAPITAL-BACKED DELTA UTILITIES TO EXPAND MISSISSIPPI FOOTPRINT THROUGH ACQUISITION OF SPIRE INC.'S NATURAL GAS BUSINESS [TheStreet.com]TheStreet.com
- BERNHARD CAPITAL-BACKED DELTA UTILITIES TO EXPAND MISSISSIPPI FOOTPRINT THROUGH ACQUISITION OF SPIRE INC.'S NATURAL GAS BUSINESSPR Newswire
- Spire announces sale of its Mississippi natural gas business to Delta Utilities for $75 millionPR Newswire
- Spire (SR) had its "overweight" rating reaffirmed by Morgan Stanley.MarketBeat
- Spire (SR) is now covered by TD Cowen. They set a "hold" rating on the stock.MarketBeat
SR
Earnings
- 2/3/26 - Beat
SR
Sec Filings
- 4/29/26 - Form SCHEDULE
- 4/22/26 - Form 8-K
- 4/15/26 - Form 8-K
- SR's page on the SEC website