Spire Completes Sale of Natural Gas Storage Assets
End of Quarter Sale - 70% Off
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Spire ( (SR) ) has shared an announcement.
On June 30, 2026, Spire Inc. completed the sale of its natural gas storage businesses in Wyoming and Oklahoma to an affiliate of I Squared Capital for total consideration of about $650 million, including $600 million in cash at closing and a $50 million deferred payment expected in fiscal 2027. The divested assets, now part of Bear River Midstream LLC, include storage fields with up to 72 Bcf of working gas capacity serving western, midcontinent and midwestern U.S. markets.
Spire plans to use proceeds from the June 30 transaction to support general corporate purposes and help fund its previously completed acquisition of Piedmont Natural Gas’s Tennessee business, which closed on March 31, 2026. The deal, cleared by regulators and closed under customary conditions, sharpens Spire’s focus on its core regulated utility operations while transferring storage employees and customers to Bear River Midstream, and is expected to strengthen Spire’s financial position and value proposition for customers and shareholders.
The most recent analyst rating on (SR) stock is a Hold
with a $85.00 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 primarily by steady profitability and improving leverage but constrained by persistently negative free cash flow. Valuation is a major positive (very low P/E and solid yield), while technicals are a notable drag due to weak momentum. Earnings call commentary supports the outlook via reaffirmed guidance and strategic execution, tempered by weather/regulatory timing and higher financing costs.
To see Spark’s full report on SR stock,
click here.
More about Spire
Spire Inc. is an industry-leading natural gas provider and one of the largest publicly traded natural gas companies in the U.S., serving nearly 2 million homes and businesses through regulated gas utilities in Alabama, Mississippi, Missouri and Tennessee. The company focuses on organic growth, infrastructure investment and operational efficiency to support its regulated utility operations and long-term energy strategy.
Average Trading Volume: 499,485
Technical Sentiment Signal: Buy
Current Market Cap: $4.78B
For detailed information about SR stock, go to TipRanks’ Stock Analysis page.
