SPGI · 10-Q · 2026Q1 · Full report

Acquisitions and Divestitures

S&P Global Inc. · 2026-04-28 · Importance 59 · Surprise 60

During the period S&P Global both acquired and moved to divest businesses tied to its data and software portfolios: it completed the acquisition of Enertel AI Corporation (March 18, 2026) to add AI/Machine Learning short-term power price forecasting capabilities, and entered into a definitive agreement (April 24, 2026) to sell Energy’s geoscience and petroleum engineering software portfolio to SLB. The divestiture to SLB covers a wide set of products (Kingdom Software, Petra, Harmony Enterprise, Analytics Explorer, SubPUMP, Power Tools, FieldDIRECT, Piper, WellTest, and The Element Platform) and associated services; the assets and liabilities were classified as held for sale as of March 31, 2026. Earlier in the quarter S&P Global completed the sale of Enterprise Data Management and thinkFolio within Market Intelligence to Symphony Technology Group and recorded a pre-tax gain related to that disposition. The company indicates these portfolio moves are part of strategic repositioning and, collectively, are not expected to have a material impact to consolidated financial statements.

Key facts

• The increase in cash provided by investing activities in Q1 2026 was primarily due to proceeds from the disposition of the Enterprise Data Management and thinkFolio businesses within the Market Intelligence segment.
• Gain on dispositions recorded in the three months ended March 31, 2026: $175 million (pre-tax).
• On January 12, 2026, S&P Global completed the sale of the Enterprise Data Management and thinkFolio businesses within Market Intelligence to Symphony Technology Group and recorded a pre-tax gain of $172 million (and $168 million after-tax) related to that sale during the three months ended March 31, 2026.
• For Market Intelligence, 2026 included a gain on disposition of $172 million, acquisition-related costs of $9 million and disposition-related costs of $3 million.
• On April 24, 2026, S&P Global entered into a definitive agreement to sell Energy's geoscience and petroleum engineering software portfolio to SLB.
• On April 24, 2026, the company entered into a definitive agreement to sell Energy’s geoscience and petroleum engineering software portfolio to SLB, and the assets and liabilities of that portfolio were classified as held for sale as of March 31, 2026.
• On March 18, 2026, the company completed the acquisition of Enertel AI Corporation, which specializes in AI-driven short-term power price forecasting for North American electricity markets; the acquisition is part of the Energy segment and is not material to consolidated financial statements.
• The transaction to sell Energy's geoscience and petroleum engineering software portfolio is expected to close in the second half of 2026 or early 2027.

Impact estimates