Spire completes $215M sale of gas marketing unit to fund Piedmont acquisition

Filed April 30, 2026 · Period ending April 30, 2026 · ~1 min read

Key Changes

• high

  Spire closed the sale of its gas marketing subsidiary to Boardwalk Pipelines for $215 million cash on April 30, 2026, after satisfying all regulatory approvals and closing conditions.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
• high

  Sale proceeds were used to partially fund Spire's acquisition of Piedmont Natural Gas's Tennessee operations and for general corporate purposes, recycling capital from non-core assets into regulated utility expansion.

  Exhibit 99.1 verify on EDGAR →
• medium

  Management characterizes the divestiture as a strategic move to concentrate on regulated utility operations, reduce risk exposure, and improve earnings predictability by exiting the gas marketing business.

  Exhibit 99.1 verify on EDGAR →