Short answer
SPIRE INC (SR) filed an 8-K current report with the SEC on June 30, 2026 reporting Item 2.01 (Completion of Acquisition or Disposition of Assets), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Spire completed sale of Belle Butte LLC, including Spire Storage West and Salt Plains, to I Squared Capital affiliate.
SPIRE INC 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.01 · Completion of Acquisition or Disposition of Assets
- Spire completed sale of Belle Butte LLC, including Spire Storage West and Salt Plains, to I Squared Capital affiliate
- Total consideration $657 million, comprising $607 million cash at closing and $50 million deferred by September 30, 2027
- Net proceeds designated for regulated utility operations, capital investment and debt reduction
- Required regulatory approvals obtained, including HSR Act waiting-period expiration
Item 7.01 · Regulation FD Disclosure
- Disclosure highlights transaction-related uncertainty, including regulatory approvals, closing delays, termination risk, and unachieved benefits
- Potential value leakage from significant transaction costs and operational disruption
- Key-personnel retention and business-relationship risks could affect execution
- Forward-looking statements subject to risks detailed in Spire’s fiscal 2025 Form 10-K and subsequent SEC filings
Item EX-99.1 · Exhibit EX-99.1
- Completed sale of Spire Storage to I Squared Capital for $650 million on June 30, 2026
- $600 million cash received at closing, plus $50 million fixed deferred payment in fiscal 2027
- Proceeds partially fund the March 31, 2026 acquisition of Piedmont Natural Gas Tennessee
- Portfolio shift toward regulated utility operations, reducing exposure to storage businesses
- Divested assets included up to 72 Bcf combined working gas capacity across Wyoming and Oklahoma
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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