SR

Utilities

Spire

Revenue TTMXBRL

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Net IncomeXBRL

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Gross MarginXBRL

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EPS (Diluted)XBRL

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AI-extracted key facts from press releases and SEC filings. Significance 1–10.

M&ABullishPer-CompanyMar 31, 2026

Spire completes $2.48B acquisition of Duke Energy's Tennessee natural gas business

▸Acquired Piedmont Natural Gas Tennessee business for $2.48 billion
▸Spire Tennessee becomes state's largest investor-owned natural gas utility
▸Adds 200,000 customers and 3,800 miles of pipeline infrastructure
▸Supports Spire's long-term adjusted EPS growth target of 5-7%
▸Spire Tennessee to represent 20% of company's capital investment plan through 2030

M&ABullishPR NewswireMar 31, 2026

Spire completes $2.48B acquisition of Piedmont Natural Gas Tennessee business from Duke Energy

▸Acquisition price $2.48 billion cash
▸Spire Tennessee becomes largest investor-owned natural gas utility in Tennessee
▸Adds 200,000 customers and 3,800 miles of pipeline infrastructure
▸Supports Spire's long-term adjusted EPS growth target of 5-7%
▸Duke Energy divests asset to fund record capital investment plan

M&ABullishPR NewswireMar 31, 2026

Duke Energy completes $2.48B sale of Tennessee Piedmont Natural Gas business to Spire

▸Sale of Tennessee Piedmont Natural Gas business to Spire closed for $2.48 billion
▸$1.5 billion in net proceeds to fund $103 billion five-year capital plan
▸$800 million of proceeds allocated to pay down Piedmont Natural Gas debt
▸Transaction includes 3,800 miles of pipeline serving over 200,000 customers
▸Piedmont Tennessee employees transitioned to Spire to maintain operations