SPIRE INC (SR): M&A transaction — Spire completes sale of gas marketing business to Boardwalk Pipelines for $215M cash

SPIRE INC

Sale closed April 30, 2026; proceeds of $215M in cash used partially to fund Piedmont Natural Gas Tennessee acquisition.
Spire Marketing employees and clients transition to new Boardwalk unit, Boardwalk Continuum Marketing, LLC.
Transaction sharpens Spire's focus on regulated natural gas utility operations and reduces risk profile.
Pat Strange continues as president of Boardwalk Continuum Marketing, ensuring leadership continuity.

item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

SPIRE INC completed a disposition involving Boardwalk Pipelines, LP for $215.0 million in cash (closed 2026-04-30).

Action: disposition
Counterparty: Boardwalk Pipelines, LP
Consideration: $215.0 million in cash
Closing: 2026-04-30

Exact text from the filing

On April 30, 2026, Seller completed the previously announced Transaction for $215.0 million in cash, subject to customary post-closing adjustments as provided in the Agreement.

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Source: SEC EDGAR

accession 0001193125-26-197505

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