I Squared to buy Spire's gas storage assets for $650m [Yahoo! Finance]
Spire Inc. (SR)
Last spire inc. earnings: 2/5 08:38 am
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Source: Yahoo! Finance
The natural gas storage assets included in the sale comprise Spire Storage West, with two fields in south-western Wyoming authorised for up to 55 billion cubic feet (bcf) of working gas capacity, mainly serving western US customers. Another asset included in the deal is Spire Storage Salt Plains in Oklahoma, which provides 17bcf of working gas capacity to mid-continent and mid-western US markets, with connections to the Southern Star Pipeline and Oklahoma Gas Transmission. I Squared stated that it plans to support the growth of the storage platform, improve operations, and pursue new expansion opportunities to meet increasing demand for natural gas storage in the western and mid-continent regions. I Squared chief investment officer Gautam Bhandari said: "These assets represent a high-quality, strategically located infrastructure platform that plays a critical role in supporting energy reliability across key US markets. "We see significant opportunity to build on Spire's stron
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News
- Spire (SR) is now covered by TD Cowen. They set a "hold" rating on the stock.MarketBeat
- Spire and I Squared announce agreement for sale of natural gas storage assets for $650 millionPR Newswire
- Spire to Host FY26 Second Quarter Earnings Conference Call on May 6PR Newswire
- Spire completes acquisition of Tennessee Piedmont Natural Gas business from Duke Energy [TheStreet.com]TheStreet.com
- Spire completes acquisition of Tennessee Piedmont Natural Gas business from Duke EnergyPR Newswire
SR
Earnings
- 2/3/26 - Beat
SR
Sec Filings
- 4/15/26 - Form 8-K
- 4/6/26 - Form 8-K/A
- 3/31/26 - Form 8-K
- SR's page on the SEC website