Every material Form 8-K Spire has filed with the SEC since November 14, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Spire Missouri filed a general rate case with the Missouri Public Service Commission on November 2, 2026, requesting a total revenue requirement increase of $228 million. The filing is based on an average fiscal 2028 future test year rate base of $5.1 billion, and the commission has 11 months to review it, with new rates expected by October 2027. For shareholders, the outcome will determine how much of the utility's infrastructure investment is recovered through customer rates.
Total requested revenue increase of $228 million, including $57 million through the Infrastructure System Replacement Surcharge and $171 million in net new revenues
Proposed rates are based on an average fiscal 2028 future test year rate base of $5.1 billion, assuming a 55.0% common equity ratio and 10.5% return on equity
Company estimates the average residential bill would rise about $10 per month (11%) in western Missouri and about $13 per month (15%) in eastern Missouri if approved as filed
Missouri Public Service Commission has 11 months to consider the filing; new rates expected to be effective by October 2027
Spire Inc. and its subsidiaries Spire Missouri, Spire Alabama and Spire Tennessee signed an amendment with Wells Fargo, as administrative agent, extending the final maturity date of their credit agreement by one year. The maturity moves from October 11, 2030 to October 11, 2031, and the filing states that other material terms are unchanged.
Final maturity date extended one year, from October 11, 2030 to October 11, 2031
Amendment dated October 13, 2026, among Spire Inc., Spire Missouri, Spire Alabama, Spire Tennessee and Wells Fargo Bank, National Association
Original Second Amended and Restated Loan Agreement dated October 11, 2024; other material terms unchanged
On August 31, 2026, Spire Inc. entered into a $400 million delayed draw senior unsecured term loan agreement with a group of banks led by Mizuho Bank and U.S. Bank. The company may request up to four borrowings for general corporate purposes until the earliest of full utilization, the fourth borrowing, or December 31, 2026, which gives it committed borrowing capacity but does not by itself state any amount drawn.
Facility size: $400 million of senior unsecured term loan commitments
Borrowing window ends on the earliest of full utilization, the fourth borrowing, or December 31, 2026
Interest at a base rate or Adjusted Term SOFR plus 0.80% per annum; loans mature 364 days after the effective date
Requires a consolidated capitalization ratio of no more than 70% at each fiscal quarter end
Spire reported a fiscal third-quarter 2026 net loss from continuing operations of $42.6 million, or $(0.72) per diluted share, compared with $13.3 million a year earlier, after $36.0 million of pre-tax acquisition-related costs. The adjusted loss per share narrowed to $0.26 from $0.29, while operating revenues rose to $420.2 million from $352.5 million. The company reaffirmed its fiscal 2026 and fiscal 2027 adjusted earnings per share guidance, which matters to shareholders because it signals no change to its outlook despite the larger GAAP loss.
Operating revenues were $420.2 million for the quarter, up from $352.5 million a year earlier.
Gas Utility adjusted loss narrowed to $3.2 million from $10.0 million, while the Other segment adjusted loss widened to $12.5 million from $3.3 million.
Fiscal 2026 adjusted EPS guidance of $3.90–$4.10 and fiscal 2027 guidance of $5.40–$5.60 were reaffirmed.
Spire completed the divestitures of Spire Marketing and Spire Storage; discontinued operations earnings were $253.8 million, including a $254.6 million after-tax gain.
Spire Inc. completed the sale of its Spire Storage businesses, which hold natural gas storage assets in Wyoming and Oklahoma, to an affiliate of I Squared Capital on June 30, 2026. The 8-K gives total consideration of $657 million, while the accompanying press release states $650 million, so the figures differ slightly. Spire says the proceeds will support its regulated utility operations, capital plan and debt reduction, and help fund its earlier Piedmont Natural Gas Tennessee acquisition.
Total consideration is $657 million in the 8-K: $607 million cash at closing, subject to price adjustments, plus $50 million deferred until September 30, 2027.
The press release states $650 million total ($600 million cash at closing plus a $50 million deferred payment in fiscal 2027).
Proceeds help fund the Piedmont Natural Gas Tennessee acquisition, which closed March 31, 2026.
The storage business will operate as Bear River Midstream LLC under I Squared; the Wyoming assets can provide up to 55 Bcf of working gas capacity and the Oklahoma facility up to 17 Bcf.
Spire reported fiscal second-quarter 2026 adjusted earnings from continuing operations of $223.7 million ($3.76 per share), up from $189.3 million ($3.17 per share) a year earlier, on operating revenues of $1,020.0 million, up from $976.4 million. The company lowered its fiscal 2026 adjusted earnings guidance from continuing operations to $3.90-$4.10 per share, citing lower Missouri weather-related usage, which matters to shareholders because it reduces the earnings outlook for the current year even though the quarter improved.
Q2 adjusted EPS $3.76 vs. $3.17 a year ago; GAAP diluted EPS from continuing operations $3.51 vs. $3.17
Operating revenues $1,020.0 million vs. $976.4 million; Gas Utility adjusted earnings $234.8 million vs. $195.2 million
Fiscal 2026 adjusted EPS guidance from continuing operations updated to $3.90-$4.10, reflecting lower weather-related usage
Fiscal 2027 adjusted EPS guidance of $5.40-$5.60 reaffirmed; Piedmont Tennessee acquisition completed March 31, 2026
Spire Inc. disclosed that its board approved an updated form of indemnification agreement on April 29, 2026, for each director and officer, and the company intends to enter into these agreements. The agreements cover indemnification to the fullest extent permitted by Missouri law and advancement of legal fees, and are intended to maintain coverage under the company's directors' and officers' insurance policies. The filing contains no financial results or financial impact figures, so it is an administrative governance update.
Board of Directors approved the updated form of indemnification agreement on April 29, 2026.
Agreements apply to each director and officer and provide indemnification to the fullest extent permitted by Missouri law.
Agreements provide for advancement of legal fees and expenses, subject to certain conditions, and continued coverage under D&O insurance.
The full form is filed as Exhibit 10.1 to the Form 8-K.
Spire Inc. completed the sale of Spire Marketing Inc., its gas marketing subsidiary, to Boardwalk Pipelines, LP on April 30, 2026, for $215.0 million in cash, subject to customary post-closing adjustments. The company said the proceeds partly fund its acquisition of the Piedmont Natural Gas Tennessee business and general corporate purposes, and that the sale sharpens its focus on regulated natural gas utilities.
Sale price: $215 million in cash, subject to customary post-closing adjustments
Transaction completed and effective April 30, 2026, following the March 28, 2026 purchase agreement
Spire Marketing employees and clients move to Boardwalk Continuum Marketing, LLC; Pat Strange continues as president
Proceeds used to partially fund the Piedmont Natural Gas Tennessee business acquisition and for general corporate purposes
Spire Inc. (NYSE: SR) said its subsidiary Spire EnergySouth agreed on April 21, 2026 to sell Spire Mississippi, a natural gas utility serving about 18,000 customers, to Delta Utilities for $75 million in cash. The sale is subject to Mississippi Public Service Commission approval and is expected to close in the first fiscal quarter of 2027; Spire plans to use the proceeds to fund infrastructure investments in Alabama, Missouri and Tennessee.
Purchase price of $75 million, subject to adjustments; the press release cites a 1.4x multiple of 2025 rate base
Spire Mississippi has about 745 miles of distribution pipelines and about 18,000 customers in south-central Mississippi
If the deal is terminated under qualifying circumstances, Purchaser would pay a reverse termination fee of $7.5 million
Closing expected in the first fiscal quarter of 2027, subject to MPSC approval
Spire Inc. agreed on April 14, 2026 to sell Belle Butte LLC, which owns the Spire Storage West facility in Wyoming and the Spire Storage Salt Plains facility in Oklahoma, to an affiliate of I Squared Capital. The total consideration is $650 million, including $600 million in cash at closing, and the sale is expected to partly fund Spire's Piedmont Natural Gas Tennessee acquisition. Spire said it will provide revised fiscal 2026 guidance in May and continues to expect fiscal 2027 adjusted EPS of $5.40 to $5.60.
Cash purchase price of $600 million at closing, plus a $50 million deferred payment due on or before September 2027
Storage West has up to 55 Bcf of working gas capacity and Salt Plains has up to 17 Bcf
Closing expected in the second half of fiscal 2026, subject to Hart-Scott-Rodino review and other conditions
Spire expects to give revised 2026 adjusted EPS guidance on its May earnings call; fiscal 2027 guidance of $5.40 to $5.60 is unchanged
Spire Inc. completed its $2.48 billion cash acquisition of Duke Energy's Piedmont Natural Gas business in Tennessee on March 31, 2026. It funded the deal with $800 million of delayed draw term loans and $825 million of senior notes issued by its subsidiary Spire Tennessee, which adds new debt obligations. The company said the business serves more than 200,000 customers in the Nashville area and expands its regulated utility footprint; the filing does not report any earnings effect.
Purchase price of $2.48 billion in cash, subject to customary purchase price adjustments; transaction completed March 31, 2026
Financing included $800 million of delayed draw senior unsecured term loans, fully drawn March 31, 2026, with a final maturity of March 30, 2027
Spire Tennessee issued $825 million of Series 2026 Senior Notes in five tranches, due April 1, 2029 to April 1, 2038, at interest rates from 4.59% to 5.44%
Spire Tennessee will represent approximately 20% of Spire's capital investment plan through 2030, and more than 200 Piedmont employees transferred to Spire
On March 28, 2026, Spire agreed to sell Spire Marketing Inc., its gas marketing business, to Boardwalk Pipelines, LP for $215 million in cash, with closing expected in fiscal third quarter 2026. Spire lowered its fiscal 2027 adjusted EPS guidance to $5.40–$5.60 from $5.65–$5.85, citing the sale, and said fiscal 2026 guidance will be revised on its May earnings call. Proceeds are expected to partly fund the Piedmont Natural Gas Tennessee acquisition.
Cash purchase price of $215 million, subject to customary adjustments; Boardwalk would pay Spire a $12.9 million termination fee if the deal ends due to failed Hart-Scott-Rodino clearance
Fiscal 2027 adjusted EPS guidance lowered to $5.40–$5.60 from $5.65–$5.85; fiscal 2026 guidance of $5.25–$5.45 not updated
Sale expected to close in fiscal third quarter 2026; Spire Inc. guarantees the seller's obligations
Spire reaffirmed long-term adjusted EPS growth of 5–7% using the original fiscal 2027 midpoint of $5.75 as a base
Spire Inc. reported first-quarter fiscal 2026 net income of $95.0 million, or $1.54 per diluted share, versus $81.3 million, or $1.34 per share, a year earlier, and adjusted earnings of $108.4 million, or $1.77 per share, up from $81.1 million. The company affirmed its fiscal 2026 adjusted earnings guidance of $5.25 to $5.45 per share and its fiscal 2027 guidance of $5.65 to $5.85 per share, which excludes or includes effects of pending acquisition and planned storage asset sale.
Net income rose to $95.0 million ($1.54 per diluted share) from $81.3 million ($1.34) a year ago.
Adjusted earnings rose to $108.4 million ($1.77 per share) from $81.1 million ($1.34 per share); Gas Utility adjusted earnings were $103.9 million, up from $77.8 million.
Fiscal 2026 adjusted EPS guidance of $5.25–$5.45 and fiscal 2027 guidance of $5.65–$5.85 were affirmed; both acquisition and storage sale remain subject to regulatory approvals.
Financing included $900 million of Junior Subordinated Notes and $825 million of Spire Tennessee Senior Notes tied to the Tennessee acquisition, plus $200 million of Spire Missouri First Mortgage Bonds issued in October 2025.
Spire and its subsidiaries signed a First Amendment to their existing loan agreement with Wells Fargo as administrative agent. The amendment adds Spire Tennessee as a borrower and extends the final maturity date to October 11, 2030. The filing does not disclose the size of the credit facility or any new borrowing amount.
Amendment dated December 18, 2025, amends the Second Amended and Restated Loan Agreement dated October 11, 2024
Spire Tennessee Inc. joins as a borrower, subject to the loan agreement terms
Final maturity date extended to October 11, 2030
Spire, Spire Missouri and Spire Alabama paid arrangement and extension fees under a Fee Letter dated December 4, 2025
Spire Tennessee, a wholly owned subsidiary of Spire Inc., agreed on December 17, 2025 to sell up to $825 million of Series 2026 Senior Notes in a private placement. Closing can occur any time after an Acquisition Condition is satisfied and on or before June 30, 2026, and the interest rate on each tranche rises the later the closing occurs.
Five tranches totaling $825 million, maturing April 1, 2029 through April 1, 2038
Rates for closings on or before March 31, 2026 range from 4.59% (Tranche A) to 5.44% (Tranche E)
Rates increase 2 to 6 basis points for later closings, up to June 30, 2026 outside date
Notes are senior unsecured, issued at par; proceeds follow the Investor Presentation's Use of Proceeds
Spire reported fiscal 2025 net income of $271.7 million ($4.37 per diluted share), up from $250.9 million a year earlier, and adjusted EPS of $4.44, up 7.5% from $4.13. Operating revenues fell to $2.48 billion from $2.59 billion, and the company issued adjusted EPS guidance of $5.25 to $5.45 for fiscal 2026 and $5.65 to $5.85 for fiscal 2027. The board also raised the quarterly common dividend 5.1% to $0.825 per share.
Fiscal 2025 adjusted earnings were $275.5 million ($4.44 per share) versus $247.4 million ($4.13 per share) in fiscal 2024
Operating revenues were $2,476.4 million versus $2,593.0 million; fourth-quarter net loss was $39.8 million ($0.74 per share) versus $25.9 million ($0.51 per share)
Fiscal 2026 adjusted EPS guidance of $5.25 to $5.45 excludes the pending Piedmont Natural Gas Tennessee acquisition; fiscal 2027 guidance of $5.65 to $5.85 includes it
Quarterly common dividend raised to $0.825 per share, payable January 5, 2026, to holders of record December 11, 2025
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