Spire is a gas utilities company serving 1.7 million homes and businesses in AL, MO, and MS.
They operate approximately 63k miles of pipelines and focus on regulated natural gas LDCs.
The recent acquisition of Piedmont Natural Gas Tennessee business expands Spire's footprint and enhances its scale.
Robust 10-Year Capex Plan
Spire has a robust 10-year capital expenditure plan of $11.2 billion, supporting long-term growth.
Strategic Acquisition
Acquisition of Piedmont Natural Gas Tennessee business enhances Spire's presence and diversifies its portfolio.
Financing Strategy
The financing plan includes a balanced mix of debt, equity, and hybrid securities to support the acquisition.
- The acquisition of Piedmont Natural Gas Tennessee business significantly increases Spire's customer base and infrastructure.
- Spire's five-year capex plan is projected to grow from $3.9 billion to $4.8 billion, reflecting a 22% increase in investments.
Spire's strategic initiatives and acquisition demonstrate a commitment to sustainable growth and value creation in the gas utilities sector.