Spire Inc. has announced an agreement to acquire the Tennessee Piedmont Natural Gas business from Duke Energy. The acquisition involves Spire taking over a local distribution company that serves over 200,000 customers in the Nashville area. Spire will purchase the business for $2.48 billion on a cash-free, debt-free basis, with the transaction expected to be accretive to adjusted earnings per share and supportive of long-term earnings growth. The deal is set to close in the first quarter of 2026, subject to customary closing conditions.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spire Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-167129), on July 29, 2025, and is solely responsible for the information contained therein.