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Atmos Energy Corporation

NYSE•ATO
CEO: Mr. John Kevin Akers
Sector: Utilities
Industry: Regulated Gas
Listing Date: 1983-12-28
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers; and owned 73,689 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,645 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.
Contact Information
1800 Three Lincoln Centre, 5430 LBJ Freeway, Dallas, TX, 75240, United States
972-934-9227
www.atmosenergy.com
Market Cap
$31.26B
P/E (TTM)
24.6
24.1
Dividend Yield
2.0%
52W High
$190.13
52W Low
$141.59
52W Range
98%
Rank26Top 13.0%
5.5
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5.5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q1 2026 Data

Revenue

$1.34B+14.16%
4-Quarter Trend

EPS

$2.48+10.22%
4-Quarter Trend

FCF

-$725.29M+19.06%
4-Quarter Trend

2026 Q1 Earnings Highlights

Key Highlights

Net Income Rises Net income reached $403.0 M USD for the quarter, marking a 14.5% increase compared to the prior year period.
Revenue Growth Strong Total operating revenues grew to $1.343 B USD, reflecting a 14.2% increase compared to the three months ended December 31, 2024.
Distribution Income Up Distribution operating income increased 10.5% to $349.2 M USD, primarily driven by $47.7 M in Mid-Tex rate adjustments.
EPS Improvement Noted Diluted EPS reached $2.44 USD, up 9.4% from $2.23 USD, reflecting positive rate outcomes achieved during the period.

Risk Factors

Regulatory Lag Exposure Distribution segment relies on timely rate recovery; 70% of revenues earned in first six months annually due to current design.
High Capital Intensity Capital intensive business anticipates $26 B CapEx through FY2030, with full recovery not assured by regulatory frameworks.
Debt Covenant Compliance Must maintain total debt-to-total-capitalization ratio below 70 percent; current ratio stands at 41 percent as of period end.
Weather Volatility Impact Weather normalization offsets only 97% of residential/commercial revenue impacts from above or below normal weather patterns.

Outlook

Safety CapEx Prioritized Anticipate investing over 80% of $26 B CapEx through FY2030 on critical safety and reliability upgrades across systems.
Ratemaking Progress Continues Implemented regulatory actions resulting in $122.5 M annual operating income increase during the first quarter of fiscal 2026.
Strong Liquidity Position Liquidity strong with $4.6 B total, including $3.094 B undrawn capacity across committed credit facilities for funding needs.
Pursuing Rate Increases Currently pursuing $34.0 M increased annual operating income via ongoing rate case filings across multiple key jurisdictions.

Peer Comparison

Revenue (TTM)

SO stock ticker logoSO
$29.55B
+10.6%
DTE stock ticker logoDTE
$15.63B
+25.4%
FE stock ticker logoFE
$15.09B
+12.0%

Gross Margin (Latest Quarter)

FTS stock ticker logoFTS
72.1%
-43.8pp
ATO stock ticker logoATO
60.8%
-11.4pp
NI stock ticker logoNI
58.1%
+1.9pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
SO$109.08B24.812.5%42.3%
ATO$31.26B24.69.2%32.3%
AEE$30.87B20.811.5%40.9%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-11.7%
Growth Under Pressure
4Q Net Income CAGR
-6.0%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:May 5, 2026
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