Business

Spire completes sale of gas marketing business to Boardwalk Pipelines for $215 million

Spire Inc. (NYSE: SR) today announced it has completed the sale of its gas marketing business, Spire Marketing Inc. (Spire Marketing), to Boardwalk Pipelines, LP (Boardwalk) effective April 30, 2026, for $215 million in cash.

articleSpire Inc.April 30, 20263/company/spire-inc/news/spire-completes-sale-of-gas-marketing-business-to-boardwalk-pipelines-for-dollar215-million
Spire completes sale of gas marketing business to Boardwalk Pipelines for $215 million

About this update from Spire Inc.

[{"type":"list","items":[{"val":[{"type":"text","content":"Sale complete, effective April 30, 2026, for $215 million in cash","length":65,"tagName":"p"}]},{"val":[{"type":"text","content":"Employees and clients of Spire Marketing will transition to the new Boardwalk business unit, Boardwalk Continuum Marketing, LLC","length":127,"tagName":"p"}]},{"val":[{"type":"text","content":"Transaction sharpens Spire's focus on regulated natural gas utility businesses","length":82,"tagName":"p"}]},{"val":[{"type":"text","content":"Proceeds used to partially fund the acquisition of the Piedmont Natural Gas Tennessee business and for general corporate purposes","length":129,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":403,"olType":false},{"type":"text","content":"ST. LOUIS, April 30, 2026 /PRNewswire/ -- Spire Inc. (NYSE: SR) today announced it has completed the sale of its gas marketing business, Spire Marketing Inc. (Spire Marketing), to Boardwalk Pipelines, LP (Boardwalk) effective April 30, 2026, for $215 million in cash.","length":272,"tagName":"p"},{"type":"image","alt":"Spire logo (PRNewsfoto/Spire Inc.)","displaySize":"","headline":null,"caption":"Spire logo (PRNewsfoto/Spire Inc.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":218,"url":"https://media.zenfs.com/en/prnewswire.com/17d4d3273d19fefbb52c247f845c84c9"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/2diIFoi1WfYcPoWzdR7jJA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM4NA--/https://media.zenfs.com/en/prnewswire.com/17d4d3273d19fefbb52c247f845c84c9","width":400,"height":218}},"href":"https://mma.prnewswire.com/media/1818129/Spire_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Employees and clients of Spire Marketing will transition to the new Boardwalk business unit, Boardwalk Continuum Marketing, LLC. Proceeds from the sale were used to partially fund Spire's acquisition of the Piedmont Natural Gas Tennessee business and for general corporate purposes.","length":286,"tagName":"p"},{"type":"text","content":""The successful completion of this transaction represents an important step as Spire sharpens focus on core utility operations while improving our risk profile and enhancing long-term earnings visibility," said Scott Doyle, president and chief executive officer of Spire. "We are thankful for th...

More updates from Spire Inc.

natural gasBoardwalk PipelinesSpirePiedmont Natural Gas Tennessee businessBoardwalk