- Spire outlined a 10-year capital expenditure plan of USD 11.2 billion and a long-term adjusted EPS growth target of 5%-7%.
- The company said it plans to acquire 100% of Duke Energy’s Piedmont Natural Gas Tennessee business for USD 2.5 billion in enterprise value.
- Spire reported that the purchase price represents 1.5x 2026E rate base and said the acquisition is on track to close in Q1 of calendar 2026.
- It also said the acquisition increases its five-year capital plan to USD 4.8 billion and cited a pro forma utility rate base of USD 8.2 billion.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spire Inc. published the original content used to generate this news brief on March 24, 2026, and is solely responsible for the information contained therein.
Comments