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Spire completes acquisition of Piedmont Natural Gas

PUBLIC · SPIRMar 31, 2026

Acquiring Company

Spire

Acquired Company

Piedmont Natural Gas

ViennaNashvilleInformation TechnologyEnergyOil And GasEnergyOil And Gas

Description

Spire Inc. has finalized its acquisition of Piedmont Natural Gas business in Tennessee from Duke Energy for $2.48 billion. This move significantly expands Spire's utility operations in the region, integrating Piedmont's services and infrastructure. The acquisition is aimed at enhancing Spire's growth strategy and capital investment plan through 2030.

Quick answer

Spire is acquiring Piedmont Natural Gas, announced March 31, 2026. Spire is based in Vienna, Virginia, United States.

How much did Spire pay for Piedmont Natural Gas?
The deal value was not disclosed.
What does Spire do?
At Spire Inc. (NYSE: SR), we believe energy exists to help make people's lives better.
Where are Spire and Piedmont Natural Gas based?
Spire is based in Vienna, Virginia, United States. Piedmont Natural Gas is based in Nashville, Tennessee, United States.
Who are the decision-makers at Spire?
Fundz holds 4 contacts at Spire. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Spire

Location

8000 Towers Crescent Drive

Vienna, Virginia, United States

About

At Spire Inc. (NYSE: SR), we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Every day we serve 1.7 million homes and businesses making us one of the largest publicly traded natural gas companies in the country. We help families and business owners fuel their daily lives through our gas utilities serving Alabama, Mississippi and Missouri. Our natural gas-related businesses include Spire Marketing, Spire STL Pipeline and Spire Storage. We are committed to transforming our business through growing organically, investing in infrastructure, and advancing through innovation. Learn more at SpireEnergy.com. Forward Looking InformationThis news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Spire's future operating results may be affected by various uncertainties and risk factors, many of which are beyond the company's control, including weather conditions, economic factors, the competitive environment, governmental and regulatory policy and action, and risks associated with acquisitions. More complete descriptions and listings of these uncertainties and risk factors can be found in the company's annual (Form 10-K) filing with the Securities and Exchange Commission. Investor Contact:Scott W. Dudley Jr.314-342-0878 Scott.Dudley@SpireEnergy.com Media Contact:Jessica B. Willingham314-342-3300 Jessica.Willingham@SpireEnergy.com SOURCE Spire Inc.

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Frequently asked

Who acquired Piedmont Natural Gas?

Piedmont Natural Gas was acquired by Spire, based in Vienna. The deal was reported on March 31, 2026. At Spire Inc. (NYSE: SR), we believe energy exists to help make people's lives better. It's a simple idea, but one that's at the heart of our company. Spire is publicly traded (SPIR) and operates in Information Technology.

When did Spire acquire Piedmont Natural Gas?

Spire's acquisition of Piedmont Natural Gas was reported on March 31, 2026. Spire Inc. has finalized its acquisition of Piedmont Natural Gas business in Tennessee from Duke Energy for $2.48 billion. This move significantly expands Spire's utility operations in the region, integrating Piedmont's services and infrastructure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Piedmont Natural Gas do?

Piedmont Natural Gas is a wholly-owned subsidiary of Duke Energy and serves as the largest investor-owned natural gas utility in Tennessee. It is privately held, operating in Energy, and is based in Nashville.

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