Spire Refines Strategy with Marketing Exit, EPS Update

Spire ( (SR) ) has shared an update.

On March 28, 2026, Spire Resources LLC, a wholly owned subsidiary of Spire Inc., agreed to sell all membership interests in gas marketing unit Spire Marketing Inc. to Boardwalk Pipelines, LP for $215 million in cash, with closing targeted for the third fiscal quarter of 2026 subject to regulatory approvals. Before closing, Spire Marketing will convert into a Delaware limited liability company, and Spire has provided customary representations, a four-year non-compete and non-solicitation covenants, while Spire Inc. has guaranteed the seller’s obligations under the agreement.

Spire said on March 30, 2026 that proceeds will help fund its planned acquisition of the Piedmont Natural Gas Tennessee business and general corporate needs, aligning with a strategic shift toward regulated utility operations and away from non-core marketing and storage assets. The company affirmed long-term adjusted EPS growth of 5–7% but trimmed its fiscal 2027 adjusted EPS guidance range to $5.40–$5.60 to reflect the sale, indicating a simpler business mix with an improved risk profile, while both the divestitures and the Piedmont acquisition remain subject to regulatory review and closing conditions, including Hart-Scott-Rodino clearance and a possible $12.9 million termination fee if antitrust approval is not obtained.

The most recent analyst rating on (SR) stock is a Buy with a $101.00 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 driven mainly by improving profitability and a constructive technical uptrend, supported by reasonable valuation and positive, reaffirmed guidance. The primary offset is financial quality risk from persistently negative free cash flow and leverage concerns reflected in the annual balance sheet data.

To see Spark’s full report on SR stock, click here.

More about Spire

Spire Inc. is one of the largest publicly traded natural gas companies in the U.S., serving 1.7 million homes and businesses through regulated gas utilities in Alabama, Mississippi and Missouri. Beyond its core utility operations, Spire operates natural gas-related businesses including Spire Marketing and Spire Midstream, with a strategy focused on organic growth, infrastructure investment and continuous improvement.

Spire Marketing markets natural gas and related services nationwide, concentrating on procuring and physically delivering gas to commercial and industrial customers in the central and southern U.S. Its retail arm serves end users, while its wholesale operations supply producers, pipelines, power generators, municipalities, storage operators and utilities across the natural gas value chain.

Average Trading Volume: 380,295

Technical Sentiment Signal: Buy

Current Market Cap: $5.36B

For a thorough assessment of SR stock, go to TipRanks’ Stock Analysis page.