SPIRE INC — fact timeline

SPIRE INC reported fiscal 2026 second quarter ended March 31 results: net income $217.6 million, EPS $3.51 per diluted share. Guidance lowered.

“Spire Inc. (NYSE: SR) today reported results for its fiscal 2026 second quarter ended March 31. Highlights include: • Completed acquisition of the Piedmont Natural Gas Tennessee business on March 31, 2026 • Following quarter-end, completed sale of Spire Marketing; announced agreements to sell Spire Storage and Spire Mississippi • Second quarter net income of $217.6 million ($3.51 per diluted share) compared to $189.3 million ($3.17 per share) a year ago • Second quarter adjusted earnings* from continuing operations of $223.7 million ($3.76 per share) compared to $189.3 million ($3.17 per share) a year ago • Second quarter net income and adjusted earnings reflect the classification of Spire Marketing and Spire Storage as discontinued operations, with prior-period results presented accordingly • Updated fiscal 2026 adjusted earnings guidance from continuing operations to $3.90–$4.10 • Reaffirmed fiscal 2027 adjusted earnings guidance range of $5.40–$5.60 • Reaffirmed long-term adjusted e”

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

“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.”

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

“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”).”

SPIRE INC entered into Membership Interest Purchase Agreement with Subterra Energy Holdings, LLC valued at $600 million.

“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.”

SPIRE INC incurred credit facility of $800,000,000 with Bank of Montreal, as administrative agent at Adjusted Term SOFR plus 0.85% maturing March 30, 2027.

“N.A., as senior managing agent, Royal Bank of Canada, as managing agent, and the banks party thereto (collectively, the “Banks”). The DDTL Agreement provides for an aggregate $800,000,000 of delayed draw senior unsecured term loan commitments, consisting of (i) a delayed draw term loan tranche A facility in an aggregate principal amount of up to $600,000,000 (the”

SPIRE INC incurred senior notes of $825,000,000.

“On March 31, 2026, Spire Tennessee completed the issuance and sale of an aggregate $825,000,000 principal amount of its Series 2026 Senior Notes”

SPIRE INC terminated Delayed Draw Term Loan Agreement, dated as of August 22, 2025 with Bank of Montreal (effective 2026-03-26).

“the Delayed Draw Term Loan Agreement, dated as of August 22, 2025, among the Company, the banks from time to time party thereto and Bank of Montreal, as administrative agent, was terminated and all amounts owed thereunder were paid in full”

SPIRE INC entered into Delayed Draw Term Loan Agreement with Bank of Montreal, as administrative agent valued at $800,000,000 (effective 2026-03-26).

“On March 26, 2026, Spire Inc. (“Spire” or the “Company”) entered into a Delayed Draw Term Loan Agreement (the “DDTL Agreement”) with Bank of Montreal, as administrative agent”

SPIRE INC completed an acquisition involving Piedmont Natural Gas Company, Inc. for $2.48 billion in cash (closed 2026-03-31).

“On March 31, 2026, and pursuant to the Asset Purchase Agreement, Spire completed the Transaction for $2.48 billion in cash, subject to customary purchase price adjustments as set forth in the Asset Purchase Agreement.”

SPIRE INC entered into Guaranty Agreement with Boardwalk Pipelines, LP valued at guarantees obligations of Seller under the Agreement (effective 2026-03-28).

“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.”

SPIRE INC entered into Membership Interests Purchase Agreement with Boardwalk Pipelines, LP valued at $215,000,000 (effective 2026-03-28).

“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”).”

SPIRE INC: Terminated Certificate of Designations for 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, removing all related matters from the Articles of Incorporation (effective 2026-02-13).

“On February 13, 2026, Spire Inc. (the “Company”) filed a Termination of Certificate of Designations of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Termination of Certificate of Designations”) to its Articles of Incorporation with the Secretary of State of the State of Missouri, eliminating from the Articles of Incorporation all matters set forth in the Certificate of Designations with respect to its 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock (the “Series A Preferred Stock”).”

SPIRE INC amended credit facility with Wells Fargo Bank, National Association maturing October 11, 2030.

“On December 18, 2025, Spire Inc. (“Spire”), Spire Missouri Inc. (“Spire Missouri”), Spire Alabama Inc. (“Spire Alabama”) and Spire Tennessee Inc. (“Spire Tennessee” and, together with Spire, Spire Missouri and Spire Alabama, each, a “Borrower” and, collectively, the “Borrowers”) entered into a First Amendment to Second Amended and Restated Loan Agreement among the Borrowers, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks (the “First Amendment”) which amended the Second Amended and Restated Loan Agreement, dated as of October 11, 2024, among Spire, Spire Missouri, Spire Alabama, Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto as Banks (as amended by the First Amendment, the “Loan Agreement”), providing for, among other things: (i) joinder of Spire Tennessee as a Borrower under the Loan Agreement, subject to the terms therein, and (ii) extension of the Final Maturity Date to October 11”

SPIRE INC incurred senior notes of an aggregate $825,000,000 principal amount of its Series 2026 Senior Notes in five tranches at 4.59% per annum (Tranche A), 4.77% per annum (Tranche B), 5.01% per annum (Tranc maturing April 1, 2029 (Tranche A), April 1, 2031 (Tranche B), April 1, 2033 (Tranche C), April 1, 2036 (Tranche D), April 1, 2038 (Tranche E).

“On December 17, 2025, Spire Tennessee Inc. (“Spire Tennessee”), a wholly owned subsidiary of Spire Inc. (“Spire”), entered into a Master Note Purchase Agreement, dated as of December 17, 2025 (the “MNPA”), with the institutional investors listed in the Purchaser Schedule thereto (the “Purchasers”). Pursuant to the MNPA, Spire Tennessee has authorized the issuance and sale, in a private placement exempt from registration under the Securities Act of 1933, as amended, of an aggregate $825,000,000 principal amount of its Series 2026 Senior Notes in five tranches as follows: $130,000,000 Series 2026 Senior Notes, Tranche A, due April 1, 2029; $160,000,000 Series 2026 Senior Notes, Tranche B, due April 1, 2031; $105,000,000 Series 2026 Senior Notes, Tranche C, due April 1, 2033; $250,000,000 Series 2026 Senior Notes, Tranche D, due April 1, 2036; and $180,000,000 Series 2026 Senior Notes, Tranche E, due April 1, 2038 (collectively, the “Senior Notes”).”

SPIRE INC incurred senior notes of $50 million at 4.65% per annum maturing January 15, 2031.

“$50 million in aggregate principal amount of its First Mortgage Bonds, 4.65% Series due January 15, 2031”

SPIRE INC incurred senior notes of $150 million at 4.60% per annum maturing September 15, 2030.

“$150 million in aggregate principal amount of its First Mortgage Bonds, 4.60% Series due September 15, 2030”

Steve Lindsey resigned as Director at SPIRE INC.

“resigned as a member of the Board”

Steve Lindsey departed as President and Chief Executive Officer at SPIRE INC.

“Mr. Doyle will replace Steve Lindsey, whose employment as President and CEO of the Company was terminated without “Cause” (as defined under the Company’s Executive Severance Plan) and who resigned as a member of the Board, in each case, effective as of the Transition Effective Date.”

Scott Doyle was appointed as Director at SPIRE INC.

“On April 24, 2025, the Board also appointed Mr. Doyle as a director to serve until the 2027 Annual Meeting of Shareholders and until his successor is elected and qualified, effective as of the Transition Effective Date.”

Scott Doyle was appointed as President and Chief Executive Officer at SPIRE INC.

“On April 24, 2025, the Board of Directors (the “Board”) of Spire Inc. (the “Company”) appointed Scott Doyle, currently the Chief Operating Officer of the Company and Chief Executive Officer of Spire Missouri Inc. and Spire Alabama Inc., as President and Chief Executive Officer (“CEO”) of the Company effective April 24, 2025 (the “Transition Effective Date”).”

Steven L. Lindsey changed role as President and Chief Executive Officer at SPIRE INC.

“Mr. Lindsey will return from leave and resume his duties and responsibilities effective February 10, 2025.”

Scott E. Doyle changed role as Executive Vice President, Chief Operating Officer at SPIRE INC.

“Scott E. Doyle, the Company’s Executive Vice President, Chief Operating Officer, will assume Mr. Lindsey’s duties and responsibilities during the extent of the leave of absence”

Steven L. Lindsey changed role as President and Chief Executive Officer at SPIRE INC.

“On January 3, 2025, Steven L. Lindsey, the President and Chief Executive Officer of Spire Inc. (the “Company”) began a leave of absence for health-related reasons.”

Adam W. Woodard was appointed as Executive Vice President and Chief Financial Officer at SPIRE INC.

“On November 14, 2024, the Board of Directors of Spire Inc. (the “Company”) approved the appointment of Adam W. Woodard, 53, to the position of Executive Vice President and Chief Financial Officer”

Steven P. Rasche departed as Executive Vice President and Chief Financial Officer and Chief Accounting Officer at SPIRE INC.

“Steven P. Rasche, the Company’s current Executive Vice President and Chief Financial Officer and Chief Accounting Officer, has announced his retirement and will continue with the Company as Senior Adviser from January 1, 2025 until his retirement on April 1, 2025.”

Timothy W. Krick was appointed as Vice President and Chief Accounting Officer at SPIRE INC.

“Timothy W. Krick, 50, to the position of Vice President and Chief Accounting Officer, each effective January 1, 2025.”

Steven P. Rasche retired as Chief Accounting Officer at SPIRE INC.

“Steven P. Rasche, the Company’s current Executive Vice President and Chief Financial Officer and Chief Accounting Officer, has announced his retirement and will continue with the Company as Senior Adviser from January 1, 2025 until his retirement on April 1, 2025.”

Steven P. Rasche retired as Executive Vice President and Chief Financial Officer at SPIRE INC.

“Steven P. Rasche, the Company’s current Executive Vice President and Chief Financial Officer and Chief Accounting Officer, has announced his retirement and will continue with the Company as Senior Adviser from January 1, 2025 until his retirement on April 1, 2025.”

Michael C. Geiselhart departed as Senior Vice President, Chief Strategy and Corporate Development Officer at SPIRE INC.

“On May 31, 2024, Michael C. Geiselhart, Senior Vice President, Chief Strategy and Corporate Development Officer of Spire Inc. (the “Company”), gave the required notice that he will retire on September 30, 2024, due to reaching the mandatory retirement age (as extended by the Company’s board of directors with respect to Mr. Geiselhart) for officers of the Company.”