BERNHARD CAPITAL-BACKED DELTA UTILITIES TO EXPAND MISSISSIPPI FOOTPRINT THROUGH ACQUISITION OF SPIRE INC.'S NATURAL GAS BUSINESS [TheStreet.com]
Spire Inc. (SR)
Last spire inc. earnings: 2/5 08:38 am
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Source: TheStreet.com
PR Newswire BATON ROUGE, La., April 22, 2026 BATON ROUGE, La. April 22, 2026 /PRNewswire/ -- Delta Utilities, a natural gas utility and Bernhard Capital Partners ("Bernhard") portfolio company, today announced that it has entered into an agreement with a subsidiary of Spire Inc. (NYSE: SR) to acquire its Mississippi local natural gas distribution company ("Spire Mississippi") that serves approximately 18,000 residential, commercial, and industrial customers across south central Mississippi. The close geographic fit is expected to generate meaningful operating efficiencies, enhance emergency response readiness, and expand system capabilities. Increased economies of scale will enable Delta Utilities to more effectively leverage shared equipment, technology, personnel, and regional response resources across its Mississippi footprint, supporting improved reliability and long-term value for customers and stakeholders. "We see this as a disciplined, strategic approach to growing De
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News
- 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
- I Squared to buy Spire's gas storage assets for $650m [Yahoo! Finance]Yahoo! Finance
SR
Earnings
- 2/3/26 - Beat
SR
Sec Filings
- 4/22/26 - Form 8-K
- 4/15/26 - Form 8-K
- 4/6/26 - Form 8-K/A
- SR's page on the SEC website