Boardwalk Pipelines to Acquire Spire Marketing for $215 Million
Boardwalk Pipelines, LP has agreed to acquire Spire Marketing Inc. from Spire Inc. for $215 million, enhancing its natural gas value chain presence. This strategic acquisition aims to bolster Boardwalk's marketing capabilities and customer reach, supporting the evolving energy market in the U.S.
Boardwalk Pipelines, LP has entered an agreement to acquire Spire Marketing Inc. for $215 million, with the transaction expected to close in the second quarter of 2026, pending regulatory approvals. This acquisition is designed to enhance Boardwalk's natural gas marketing capabilities and improve customer service flexibility.
AI-curated by TheiaThe sale reflects Spire Inc.'s strategy to focus on core regulated utility operations and is projected to improve its risk profile and long-term earnings visibility. Proceeds will partially fund the acquisition of Piedmont Natural Gas Tennessee and support general corporate purposes. The regulatory review process will also assess Spire's potential sale of gas storage facilities, impacting fiscal 2026 guidance.
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