Spire Inc. (SR) Divests Gas Marketing Business for $215 Million

AI Summary

On April 30, Spire Inc. (SR) sold its gas marketing segment, Spire Marketing, to Boardwalk Pipelines for $215 million in cash. This move is part of Spire's strategy to focus on core utility operations, enhancing its risk profile and earnings visibility. In Q2 of FY 2026, Spire reported a net income of $217.6 million, or $3.51 per diluted share, up from $189.3 million or $3.17 per share a year prior. Adjusted earnings rose to $223.7 million, or $3.76 per share, reflecting growth in the Gas Utility segment, crucial for its operations serving nearly 2 million customers.