---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-130379"
form_type: "8-K"
ticker: "SR"
cik: "0001126956"
company_name: "SPIRE INC"
filed_at: "2026-03-30T23:59:59+00:00"
generated_at: "2026-05-15T08:20:29.472243+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spire sells gas marketing business to Boardwalk Pipelines for $215M

## Summary
- Spire Marketing sold for $215M cash to Boardwalk Pipelines; close expected in fiscal Q3 2026.
- Proceeds to partially fund Piedmont Natural Gas Tennessee acquisition; storage sale update by May.
- FY2027 adj. EPS guidance lowered to $5.40-$5.60 from $5.65-$5.85 due to the sale.
- FY2026 adj. EPS guidance affirmed at $5.25-$5.45; excludes Piedmont TN deal and reflects Spire Marketing.
- Long-term adj. EPS growth reaffirmed at 5-7% using original FY2027 midpoint of $5.75 as base.

## SEC filing metadata
- accession: 0001193125-26-130379
- form_type: 8-K
- ticker: SR
- cik: 0001126956
- company_name: SPIRE INC
- filed_at: 2026-03-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126956/000119312526130379/0001193125-26-130379-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126956/000119312526130379/sr-20260328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-130379
- JSON: https://secwatch.observer/filing/0001193125-26-130379.json
- Plain text: https://secwatch.observer/filing/0001193125-26-130379.txt

## Key facts
- Material Agreements
  SPIRE INC entered into Membership Interests Purchase Agreement with Boardwalk Pipelines, LP valued at $215,000,000 (effective 2026-03-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Boardwalk Pipelines, LP
  - Value: $215,000,000
  - Effective: 2026-03-28
  source text: On March 28, 2026, Spire Resources LLC, a Missouri limited liability company and wholly-owned subsidiary of Spire Inc. (the “Seller”), and Boardwalk Pipelines, LP, a Delaware limited partnership (the “Purchaser”) (collectively the “Parties”), entered into a Membership Interests Purchase Agreement (the “Agreement”), pursuant to which the Seller has agreed to sell to the Purchaser all of the issued and outstanding membership interests of Spire Marketing Inc., a Missouri corporation and wholly-owned subsidiary of Seller (the “Spire Marketing”), for a cash purchase price of equal to $215.0 million, subject to customary adjustments as set forth in the Agreement (the “Transaction”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126956/000119312526130379/0001193125-26-130379-index.htm
- Material Agreements
  SPIRE INC entered into Guaranty Agreement with Boardwalk Pipelines, LP valued at guarantees obligations of Seller under the Agreement (effective 2026-03-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Boardwalk Pipelines, LP
  - Value: guarantees obligations of Seller under the Agreement
  - Effective: 2026-03-28
  source text: In connection with the Transaction, Spire Inc. has entered into a Guaranty Agreement guaranteeing the obligations of the Seller under the Agreement and the other transaction documents.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126956/000119312526130379/0001193125-26-130379-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.