Spire Inc

Spire’s board has declared a quarterly dividend of $0.825 per common share, payable on October 2, 2026 to shareholders of record as of September 11, 2026. The company notes it has paid uninterrupted base dividends since 1946 and has raised the common‑share dividend for the 23rd consecutive time this year. Spire serves about 2 million households and businesses in Alabama, Mississippi, Missouri and Tennessee. » Mere på de.investing.com

Spire has completed the sale of its natural gas storage businesses in Wyoming and Oklahoma to I Squared Capital for $650 million ($600 million cash at closing plus a $50 million deferred payment in fiscal 2027). The assets sold include two storage fields in southwest Wyoming (up to 55 Bcf working gas) and one field in north Oklahoma (up to 17 Bcf) and will become part of Bear River Midstream, whose CEO will be Scott Smith. The proceeds are intended to relieve the balance sheet — Spire’s total debt is about $8 billion — and to help finance the acquisition of Piedmont Natural Gas’s Tennessee business. » Mere på de.investing.com

Spire reported adjusted EPS of $3.76 for Q2 FY26 (+18.6%) despite weather-related declines in Missouri. The company closed the $2.48 billion acquisition of Piedmont Natural Gas Tennessee and announced plans to sell Spire Marketing, Spire Storage and Spire Mississippi to focus the portfolio entirely on regulated gas supply and FERC-regulated pipelines. Spire confirmed full-year adjusted EPS guidance for 2026 of $3.90–4.10 and for 2027 of $5.40–5.60, unveiled a 10-year investment plan of $11.2 billion and raised the 2026 dividend by 5.1% to $3.30. The realignment is intended to reduce earnings volatility, expand the rate base and support long-term, predictable growth. » Mere på de.investing.com

Spire has completed the sale of its subsidiary Spire Marketing to Boardwalk Pipelines, LP for $215 million in cash. Employees and customers will be transferred to the new unit Boardwalk Continuum Marketing, LLC, and Pat Strange will remain as president. Spire will use the proceeds to partially fund the acquisition of Piedmont Natural Gas’s Tennessee business and for general corporate purposes, and intends to focus more on its regulated natural gas distribution business. The company says the transaction also supports balance-sheet management given its comparatively high leverage. » Mere på de.investing.com

Boardwalk Pipelines has completed the acquisition of Spire Marketing; the business will operate going forward as Boardwalk Continuum Marketing and adds gas-marketing capabilities to Boardwalk’s pipeline and storage capacity. Boardwalk Continuum Marketing will purchase and deliver natural gas for customers in North America; Pat Strange will remain president. Financial terms were not disclosed, and Barclays advised Boardwalk on the transaction. » Mere på de.investing.com