Spire completes $2.5B Piedmont Tennessee acquisition, exits non-utility businesses; net income surges to $211.2M

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Completed the $2.5 billion acquisition of Piedmont's Tennessee natural gas business, adding over 200,000 customers in the Nashville area.

  MD&A: Piedmont Tennessee acquisition verify on EDGAR →
• high

  Sold Spire Marketing for approximately $212 million and Spire Storage for approximately $657 million, exiting non-utility segments.

  MD&A: Divestitures verify on EDGAR →
• high

  Net income rose 910.5% to $211.2 million, while operating income increased only 5.9% to $23.4 million — the surge came from below-the-line items, not operations.

  Key Financials view on EDGAR →