Spire Increases Common Stock Dividend

(NYSE:SR) Spire Inc. announced that its board of directors unanimously approved an increase in the annual common stock dividend to $3.46 per share, up from $3.30 per share. This represents a $0.16 per share increase. The new quarterly dividend rate is $0.865 per share, which is an increase of 4.8%. The dividend will be payable on January 5, 2027, to shareholders of record as of December 11, 2026. Rob Jones, Spire board chair, stated that the dividend increase reflects the board's confidence in Spire's disciplined growth strategy, financial strength, and ability to create long-term value. He also expressed the belief that Spire remains a strong investment opportunity and is well positioned to deliver sustainable returns for shareholders. Spire has paid a cash dividend continuously since 1946. The year 2027 will mark the company's 24th consecutive year of increasing its common stock dividend on an annualized basis. Spire serves close to 2 million homes and businesses through its gas utilities. The company operates as one of the largest publicly traded natural gas companies in the country. The board's decision underscores Spire's commitment to delivering shareholder value. The dividend increase is part of Spire's ongoing strategy to grow organically, invest in infrastructure, and drive continuous improvement. The announcement highlights Spire's long-term track record of dividend growth. The company emphasizes its role as an industry-leading natural gas provider.

Spire reports FY26 third quarter results

(NYSE: SR) Spire Inc. reported a net loss from continuing operations of $42.6 million, or $(0.72) per diluted share, for its fiscal 2026 third quarter ended June 30, compared to a net loss of $13.3 million, or $(0.29) per share, a year ago. Adjusted loss from continuing operations was $15.7 million, or $(0.26) per share, compared to a loss of $13.3 million, or $(0.29) per share a year ago. Spire completed divestitures of Spire Marketing and Spire Storage businesses, resulting in earnings from discontinued operations of $253.8 million during the third quarter, including an after-tax gain on sale of $254.6 million. For the first nine months of fiscal 2026, Spire reported consolidated net income of $262.8 million ($4.21 per diluted share) and adjusted earnings of $301.8 million ($5.01 per share). The company reaffirmed its fiscal 2026 adjusted earnings guidance from continuing operations of $3.90–$4.10 per share and fiscal 2027 adjusted earnings guidance range of $5.40–$5.60 per share. Spire's 10-year $11.2 billion capital investment target through fiscal 2035 is driven by investment in infrastructure and new business. Expected total capital expenditures for continuing operations in fiscal 2026 is $797 million.

Strategic Resources Inc. to supply concentrate to the €17 million FutSteel project in Finland

(TSXV: SR) Strategic Resources Inc. announced that the University of Oulu, Finland launched the €17 million Future Sustainable Electric Steel Mill project ("FutSteel") in close collaboration with industrial partners including Strategic Resources Inc. The FutSteel project will run from 2026 through 2029 and has been selected as part of the Sustainable World through Steels research programme. Strategic Resources Inc.'s vanadium-rich magnetite ("VTM") concentrate from the Mustavaara project in northern Finland was selected for inclusion in an advanced hydrogen-based ironmaking testing program. Phase 1 of the BlackRock Project envisages a 4 million tonne per year high-purity iron ore pelletizer at Port Saguenay, Quebec. The transition to electric and hydrogen-based production can reduce emissions in the sector decisively: a change in a single large steel mill can cut up to 7 percent of the country's carbon dioxide emissions. The company projects that its VTM material is suitable for next-generation direct reduction ("DRI") and fossil-free steel production.

Strategic Resources Submits Responses to Québec's Environment Ministry, Advancing Port Saguenay Iron Ore Pellet Plant Project

Strategic Resources Inc. (TSXV: SR) announced that it has submitted all responses to questions from Québec's Ministère de l'Environnement regarding the proposed modification of the Certificate of Authorization for its metallurgical facility at Port Saguenay. This modification would enable the development of a 4 million tonnes per year iron ore pellet plant, an increase from the previously permitted 1.5 mtpa. The company has already obtained a full Certificate of Authorization for the BlackRock Project, including its Metallurgical Plant at Port Saguenay and its mine and concentrator at Chibougamau. Strategic has engaged with engineering, environmental advisors, and the Innu Nations as part of its review process and Development Agreements. The company anticipates a positive decision on the amendment in the coming months. This submission is described as a meaningful step forward for the Port Saguenay pellet plant and supports broader development plans for Phase 1 of the BlackRock Project. The company’s main projects are the construction-ready BlackRock Project in Quebec and the previously operated Mustavaara mine in Finland.

Strategic Resources Inc. Announces Participation in THE Mining Investment Event, Quebec City, June 2-4, 2026

Strategic Resources Inc. (TSXV: SR) announced its participation in The Mining Investment Event, taking place June 2-4, 2026, at the Quebec Convention Centre, Quebec City, Canada. The company's management team will be available for meetings with investors during the three-day conference. Strategic Resources is focused on vanadium, high-purity iron, and titanium, with main projects including the construction-ready BlackRock Project in Quebec and the previously operated Mustavaara mine in Finland. Phase 1 of the BlackRock Project envisages a 4 million tonne per year high-purity iron ore pelletizer at Port Saguenay, Quebec. The company emphasized that the pellet plant project is advancing on time and on budget.

Spire reports FY26 second quarter results

Spire Inc. (NYSE: SR) reported its fiscal 2026 second quarter results, with net income of $217.6 million ($3.51 per diluted share), up from $189.3 million ($3.17 per share) a year ago. Adjusted earnings from continuing operations were $223.7 million ($3.76 per share), compared to $189.3 million ($3.17 per share) last year. The company completed the acquisition of the Piedmont Natural Gas Tennessee business and the sale of Spire Marketing, and announced agreements to sell Spire Storage and Spire Mississippi. Spire updated its fiscal 2026 adjusted earnings guidance to $3.90–$4.10 per share and reaffirmed its fiscal 2027 guidance of $5.40–$5.60 per share. The company also maintains a long-term adjusted earnings growth target of 5-7% and a 10-year $11.2 billion capital investment target through fiscal 2035.

Boardwalk Completes Acquisition of Spire Marketing; Announces New Name, Boardwalk Continuum Marketing

Boardwalk Pipelines, LP announced the completion of its acquisition of Spire Marketing Inc., a gas marketing business formerly owned by Spire Inc. (NYSE: SR). The acquired business will now operate as Boardwalk Continuum Marketing, LLC, expanding Boardwalk's reach into LNG exports and gas-fired power generation markets. The integration is designed to create new opportunities for bundled supply, transportation, and storage solutions, supporting long-term growth. Pat Strange, former president of Spire Marketing, will continue as president of Boardwalk Continuum Marketing. Barclays served as financial advisor and Gable Gotwals as legal counsel for the transaction.

BERNHARD CAPITAL-BACKED DELTA UTILITIES TO EXPAND MISSISSIPPI FOOTPRINT THROUGH ACQUISITION OF SPIRE INC.'S NATURAL GAS BUSINESS

Delta Utilities, a natural gas utility and Bernhard Capital Partners portfolio company, announced that it has entered into an agreement with a subsidiary of Spire Inc. to acquire its Mississippi local natural gas distribution assets. The announcement was made on April 22, 2026, in Baton Rouge, La. The transaction involves the transfer of natural gas distribution assets in Mississippi. This acquisition is significant for investors as it expands Delta Utilities' footprint and asset base in the region.