Spire sells Mississippi gas utility to Delta Utilities for $75M; expects close in fiscal Q1 2027

SPIRE INC

Spire Mississippi serves ~18,000 customers with 745 miles of pipelines in south-central MS.
Sale price of $75M cash represents 1.4x 2025 rate base.
Proceeds to fund infrastructure investments in Spire's AL, MO, and TN regulated gas utilities.
Transaction subject to Mississippi Public Service Commission approval; closing targeted by fiscal Q1 2027.
Employees supporting Spire Mississippi expected to transition to Delta Utilities.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

SPIRE INC entered into Stock Purchase Agreement with Delta Mississippi Gas Company, LLC valued at $75 million (effective 2026-04-21).

Action: entry
Agreement: asset purchase
Counterparty: Delta Mississippi Gas Company, LLC
Value: $75 million
Effective: 2026-04-21

Exact text from the filing

On April 21, 2026, Spire EnergySouth Inc., a Delaware corporation (the “Seller”), a wholly-owned subsidiary of Spire Inc. (“Spire”), entered into a Stock Purchase Agreement (the “Agreement”) with Delta Mississippi Gas Company, LLC, a Delaware limited liability company (“Purchaser”), pursuant to which the Seller agreed to sell all of the issued and outstanding shares of its wholly owned subsidiary, Spire Mississippi Inc., a Mississippi corporation (the “Company” and such transaction, the “Transaction”).

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SPIRE INC filing history →

Source: SEC EDGAR

accession 0001193125-26-168301

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