PR Newswire·Apr 30, 2026, 4:30 PM ET

Spire completes sale of gas marketing business to Boardwalk Pipelines for $215 million

Spire Inc. completed the sale of its gas marketing business, Spire Marketing Inc., to Boardwalk Pipelines LP for $215 million in cash effective April 30, 2026.
Spire Marketing employees & clients will transition to the new Boardwalk business unit, Boardwalk Continuum Marketing, LLC.
The transaction sharpens Spire's focus on regulated natural gas utility businesses to improve its risk profile & enhance long-term earnings visibility.
Sale proceeds were used to partially fund Spire's acquisition of the Piedmont Natural Gas Tennessee business & for general corporate purposes.
Pat Strange, former president of Spire Marketing, will continue to lead the organization as president of Boardwalk Continuum Marketing.
Boardwalk Continuum Marketing operates as a North American natural gas marketer focused on purchasing & delivering gas to producers, midstream operators, pipelines, storage operators, load-serving entities, large industrials, & selected retail accounts.
Stinson LLP served as legal counsel to Spire in the transaction.