Form 8-K - Current report
January 19 2024 - 2:25PM
Edgar (US Regulatory)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 19, 2024
Commission
File Number
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Name of Registrant, Address of Principal
Executive Offices and Telephone Number
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State of
Incorporation
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IRS Employer
Identification No.
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1-16681
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Spire Inc.
700 Market Street
St. Louis, MO 63101
314-342-0500
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Missouri
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74-2976504
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 13e-4(c))
Securities registered pursuant to Section 12(b) of the Exchange Act:
Title of each class
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Trading Symbol(s)
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Name of each exchange on which registered
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Common Stock $1.00 par value
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SR
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New York Stock Exchange LLC
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Depositary Shares, each representing a 1/1,000th interest in a share of 5.90% Series A Cumulative Redeemable Perpetual Preferred Stock, par value $25.00 per share
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SR.PRA
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New York Stock Exchange LLC
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Matters
On May 24, 2023, Spire Midstream LLC, a subsidiary of Spire Inc., entered into an agreement to acquire MoGas Pipeline and Omega Pipeline, a connected gas distribution system, from CorEnergy Infrastructure Trust, Inc. for $175 million, subject to customary closing adjustments. The transaction closed on January 19, 2024, following Hart-Scott-Rodino review, and is effective January 20, 2024. A related news release is attached as Exhibit 99.1 and incorporated by reference in this Item 8.01.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
The following exhibits are filed as part of this report:
104
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Cover page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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Spire Inc.
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Date:
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January 19, 2024
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By:
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/s/ Adam W. Woodard
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Adam W. Woodard
Vice President, Treasurer
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Exhibit 99.1
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Investor Contact:
Megan McPhail
314-309-6563
Megan.McPhail@SpireEnergy.com
Media Contact:
Jason Merrill
314-342-3300
Jason.Merrill@SpireEnergy.com
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Spire completes acquisition of MoGas and Omega pipeline systems
Businesses join Spire’s existing midstream infrastructure.
ST. LOUIS (January 19, 2024) - Spire Inc. (NYSE: SR) today announced it has completed its acquisition of MoGas Pipeline (MoGas), an interstate natural gas pipeline, and Omega Pipeline (Omega), a connected gas distribution system, from CorEnergy Infrastructure Trust, Inc. (OTC: CORR, CORRL).
The acquisition was completed for $175 million, subject to customary closing adjustments. The businesses will join Spire’s existing midstream infrastructure, including Spire Storage and Spire STL Pipeline. As a result of the acquisition, MoGas will operate under the new legal name Spire MoGas Pipeline LLC.
“Spire MoGas and Omega are ideal fits with our existing businesses and will further enhance our ability to serve customers in Missouri,” said Steve Lindsey, Spire president and chief executive officer.
Spire MoGas Pipeline consists of approximately 263 miles of interstate natural gas pipelines, primarily in Missouri, and interconnects with Spire STL Pipeline to deliver gas to Spire Missouri’s growing customer base in St. Charles, Franklin and western St. Louis counties, among other utility, municipal, industrial and commercial customers. Spire MoGas Pipeline also interconnects with three other interstate pipelines and is regulated by the Federal Energy Regulatory Commission.
Omega Pipeline is an approximately 75-mile natural gas distribution system primarily serving Fort Leonard Wood Army Base in south-central Missouri and is interconnected with the Spire MoGas Pipeline system.
For more about Spire’s midstream business, visit spireenergy.com/midstream.
About Spire
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 and Spire Midstream. We are committed to transforming our business through growing organically, investing in infrastructure, and advancing through innovation. Learn more at SpireEnergy.com.
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Jan. 19, 2024 |
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