---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-155936"
form_type: "8-K"
ticker: "SR"
cik: "0001126956"
company_name: "SPIRE INC"
filed_at: "2026-04-15T23:59:59+00:00"
generated_at: "2026-05-15T06:00:40.515698+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.78
calibrated_materiality_score: 0.78
confidence: "high"
source: SEC EDGAR
---

# Spire sells natural gas storage assets to I Squared Capital for $650M

## Summary
- Total consideration of $650M: $600M cash at closing plus $50M deferred payment in fiscal 2027.
- Sale includes Spire Storage West (55 Bcf capacity) and Spire Storage Salt Plains (17 Bcf capacity).
- Proceeds expected to partially fund Spire's recently closed Piedmont Natural Gas Tennessee acquisition.
- Spire reaffirms FY2026 adj. EPS guide of $5.25-$5.45; will revise on Q2 call in May.
- FY2027 adj. EPS guide remains $5.40-$5.60; long-term EPS growth 5-7% from original $5.75 base.

## SEC filing metadata
- accession: 0001193125-26-155936
- form_type: 8-K
- ticker: SR
- cik: 0001126956
- company_name: SPIRE INC
- filed_at: 2026-04-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.78
- calibrated_materiality_score: 0.78
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1126956/000119312526155936/0001193125-26-155936-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1126956/000119312526155936/sr-20260414.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-155936
- JSON: https://secwatch.observer/filing/0001193125-26-155936.json
- Plain text: https://secwatch.observer/filing/0001193125-26-155936.txt

## Source-grounded claims
- claim_id: e6d70b91b528e7cb2fec5a5a4cd50ba132679f87
  claim: SPIRE INC entered into Membership Interest Purchase Agreement with Subterra Energy Holdings, LLC valued at $600 million.
  evidence_excerpt: On April 14, Spire Midstream LLC, a Missouri limited liability company and wholly-owned subsidiary of Spire Inc. (the “Seller”), and Subterra Energy Holdings, LLC, a Delaware limited liability company (the “Buyer”) (collectively the “Parties”), entered into a Membership Interest Purchase Agreement (the “Agreement”), pursuant to which the Seller has agreed to sell to the Buyer all of the issued and outstanding membership interests of Belle Butte LLC, a Missouri limited liability company (“Company”), for cash purchase price equal to $600 million payable at the closing and $50 million deferred consideration payable on or before September 2027, subject to customary adjustments as set forth in the Agreement (the “Transaction”) and the other terms and conditions of the Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1126956/000119312526155936/0001193125-26-155936-index.htm

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