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Spire ( (SR) ) has shared an update.
On April 21, 2026, Spire’s subsidiary Spire EnergySouth agreed to sell all shares of Spire Mississippi Inc., its Mississippi natural gas utility serving about 18,000 customers via roughly 745 miles of pipelines, to Delta Mississippi Gas Company, an affiliate of Delta Utilities, for $75 million in cash. The deal, announced publicly on April 22, 2026, values the business at 1.4 times its 2025 rate base and is expected to close in the first quarter of Spire’s fiscal 2027, subject to approval by the Mississippi Public Service Commission and other customary conditions.
Spire plans to use the sale proceeds to fund infrastructure investments at its larger regulated gas utilities in Alabama, Missouri and Tennessee, refining its geographic footprint and sharpening its focus on bigger regulated markets. The agreement includes standard termination rights, a reverse termination fee of $7.5 million payable by the buyer under certain conditions, and the planned transfer of frontline employees to Delta to support continuity of service, signaling a strategic portfolio realignment for Spire and an expansion of Delta’s Mississippi presence.
The most recent analyst rating on (SR) stock is a Buy with a $102.00 price target. To see the full list of analyst forecasts on Spire stock, see the SR Stock Forecast page.
Spark’s Take on SR Stock
According to Spark, TipRanks’ AI Analyst, SR is a Neutral.
The score is mainly constrained by weak free cash flow and leverage overhang in the annual balance sheet data, despite improving profitability. Offsetting that, the stock shows a constructive technical uptrend, valuation/dividend are supportive, and the latest guidance and strategic actions (Tennessee expansion and storage divestiture) are broadly positive but carry execution and financing-related risks.
To see Spark’s full report on SR stock, click here.
More about Spire
Spire Inc., listed on the NYSE as SR, is one of the largest publicly traded natural gas companies in the U.S., serving nearly 2 million homes and businesses. Its core operations include regulated gas utilities in Alabama, Mississippi, Missouri and Tennessee, alongside related businesses Spire Marketing and Spire Midstream focused on natural gas services and infrastructure.
Delta Utilities, backed by Bernhard Capital Partners, ranks among the nation’s top 40 natural gas providers with about 600,000 customers across Louisiana and Mississippi. Headquartered in New Orleans, it employs 875 people and emphasizes investment to deliver clean, safe and affordable natural gas with a strong focus on service reliability and safety.
Average Trading Volume: 376,972
Technical Sentiment Signal: Buy
Current Market Cap: $5.41B
Learn more about SR stock on TipRanks’ Stock Analysis page.