Spire details $825M senior notes to fund Piedmont TN acquisition; FY26 EPS guided $5.25-$5.45

SPIRE INC

$825M aggregate Senior Notes to be issued by Spire Tennessee, conditioned on closing of the $2.48B Piedmont TN acquisition.
FY26 adjusted EPS guidance $5.25-$5.45; FY27 adjusted EPS guidance $5.65-$5.85, supporting 5-7% long-term EPS growth.
10-year capex plan of $11.2B (FY26-FY35E), ~70% for safety and reliability.
Acquisition on track to close Q1 2026; TN PUC approval pending; HSR review completed.
$900M Junior Subordinated Notes issued Nov 24, 2025; minimal common equity to be issued.

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