ATMOS ENERGY (ATO) Company Report

Analyst Earnings Quarterly Reports

Earnings summaries and quarterly performance for ATMOS ENERGY.

Analyst Coverage

Research analysts who have asked questions during ATMOS ENERGY earnings calls.

Nicholas Campanella

Barclays

6 questions for ATO

Also covers: AEE, AEP, AES +32 more

Richard Sunderland

JPMorgan Securities LLC

5 questions for ATO

Also covers: AES, AQN, AWK +9 more

Ryan Levine

Citigroup

5 questions for ATO

Also covers: AEP, AES, BIP +17 more

Christopher Jeffrey

Mizuho Securities

4 questions for ATO

Also covers: ENLC, NI, OGS +3 more

David Arcaro

Morgan Stanley

3 questions for ATO

Also covers: AEP, AES, BE +32 more

Julien Dumoulin-Smith

Jefferies

3 questions for ATO

Also covers: AEE, AEP, AES +55 more

Aditya Gandhi

Wolfe Research

2 questions for ATO

Also covers: LNT, OGE

Fei She

Bank of America

2 questions for ATO

Also covers: PNW

Gabriel Moreen

Mizuho Financial Group, Inc.

2 questions for ATO

Also covers: AROC, DKL, ENLC +15 more

Julian Demoulin Smith

Jefferies Financial Group Inc.

2 questions for ATO

Also covers: EPD

Eli

JPMorgan Chase & Co.

1 question for ATO

Also covers: ET

Eli Khaim

JPMorgan Chase & Co.

1 question for ATO

Jeremy Tonet

JPMorgan Chase & Co.

1 question for ATO

Also covers: AEE, AEP, AM +45 more

Jeremy Tornette

JPMorgan Chase & Co.

1 question for ATO

Nick Campanella

Barclays PLC

1 question for ATO

Paul Zimbardo

Jefferies Financial Group Inc.

1 question for ATO

Also covers: AWK, CEG, DTE +9 more

Latest news

Recent press releases and 8-K filings for ATO.

Atmos Energy reports Q1 2026 results

ATO

Earnings

Guidance Update

New Projects/Investments

Reported fiscal Q1 net income of $403 million and $2.44 EPS, a 9.4% increase year-over-year.
Deployed $1 billion in capital expenditures (85%+ on safety and reliability), advancing key pipeline projects: 55 miles of 36″ pipeline to Groesbeck, 13 miles of the Line WA Loop, doubled Bethel takeaway capacity, and added 700,000 MCF/day interconnects.
Rebased FY 2026 guidance to $8.15–$8.35 EPS and set the annual dividend at $4.00/share, targeting 6–8% annual dividend growth.
Achieved 54,000 net customer additions (42,000 in Texas) over the 12 months ended Dec 31, 2025; Q1 customer satisfaction of 98%, ranked #1 by J.D. Power and Escalent in South and Midwest.
CFO highlighted a $35 million benefit from Texas HB 4384, $68 million of rate increases, a $23 million rise in O&M, completed $600 million debt financing, and maintained $4.6 billion in liquidity with a 60% equity ratio.

2 days ago

Transcript

Atmos Energy reports Q1 2026 results

ATO

Earnings

Guidance Update

Dividends

Net income of $403 million and diluted EPS of $2.44, up from $352 million and $2.23 in Q1 2025.
Operating income of $349.2 million in Distribution (+10.5%) and $165.5 million in Pipeline & Storage (+15.4%).
Capital spending of $1,033.3 million in Q1 (89% on safety & reliability), compared to $891.2 million a year earlier.
Financing: issued $600 million 30-year senior notes at 5.45%; maintains $4.6 billion in liquidity; $472 million of equity forwards settled.
Dividend increased 14.9% to $4.00 per share; FY 2026 guidance: net income $1,380–1,400 million, EPS $8.15–8.35, capex ~$4,200 million.

2 days ago

Presentation

Atmos Energy reports Q1 2026 results

ATO

Earnings

Guidance Update

Debt Issuance

Net income of $403 million and EPS of $2.44, up 9.4% year-over-year in Q1 2026
Capital expenditures of $1 billion, with 85% focused on safety and reliability
Rebased fiscal 2026 guidance to $8.15–$8.35 EPS and set annual dividend at $4, targeting 6–8% dividend growth
Completed $1 billion of long-term debt and equity financing; equity capitalization at 60% and $4.6 billion liquidity available

2 days ago

Transcript

Atmos Energy reports Q1 FY2026 results

ATO

Earnings

Guidance Update

New Projects/Investments

Net income of $403 million and EPS of $2.44, up 9.4% YoY; fiscal 2026 EPS guidance rebased to $8.15–$8.35 and annual dividend reset to $4.00 per share
Capital expenditures of $1 billion in Q1, with over 85% targeted at system safety and reliability
Added 54,000 new customers in the 12 months ending Dec 31, 2025 (including 42,000 in Texas) and achieved 98% customer satisfaction
Completed key APT pipeline projects: 55 miles of 36″ mainline, placed 13 miles of Loop WA into service (31 miles expected this spring), doubled takeaway capacity at Bethel Salt Dome, and added 700,000 MCF/day of supply interconnects
Secured over $1 billion in long-term financing—$600 million debt issuance, $472 million equity forwards—maintaining 60% equity capitalization and $4.6 billion in available liquidity

2 days ago

Transcript

Atmos Energy reports Q1 fiscal 2026 results

ATO

Earnings

Guidance Update

Dividends

Atmos Energy earned $403.0 million in net income, or $2.44 per diluted share in Q1 FY2026.
Capital expenditures totaled $1.0 billion, with over 85% allocated to safety and reliability.
Reaffirmed FY2026 guidance: $8.15–$8.35 earnings per share and approximately $4.2 billion in capital spending.
Declared a $1.00 quarterly dividend (annualized $4.00, a 14.9% increase over FY2025).

3 days ago

Press Release

Atmos Energy reports Q4 2025 results

ATO

Earnings

Guidance Update

Dividends

Atmos Energy posted Q4 2025 net income of $175 million and diluted EPS of $1.07, up from $134 million and $0.86, respectively, in Q4 2024.
For FY 2025, net income was $1.199 billion with diluted EPS of $7.46, capital expenditures of $3.56 billion, and the annual dividend was raised 8.1% to $3.48 per share.
The company ended FY 2025 with $4.9 billion in available liquidity and a 60% equity capitalization, having implemented $333.6 million of regulatory rate increases as of September 30, 2025.
FY 2026 guidance includes net income of $1.38–1.40 billion, diluted EPS of $8.15–8.35, and capital spending of ~$4.2 billion.

Nov 6, 2025, 3:00 PM

Presentation

Atmos Energy reports Q4 2025 earnings and FY2026 guidance

ATO

Earnings

Guidance Update

New Projects/Investments

Atmos Energy delivered $7.46 diluted EPS in Q4 2025, marking the 23rd consecutive year of EPS growth and the 41st consecutive year of dividend increases.
Fiscal 2026 EPS guidance is $8.15–$8.35, implying 6–8% annual EPS growth from the midpoint, and the board approved an annual dividend of $4.00.
The company’s five-year (FY 2026–2030) capital plan totals $26 billion, with 85% focused on safety and reliability and 80% of spending in Texas, targeting 13–15% annual rate base growth to approximately $42 billion by FY 2030.
Texas House Bill 4384 accelerates cost recovery, enabling over 95% of capital spending to be recovered within six months and 99% within 12 months, and contributed $0.12 to FY 2025 EPS.
As of September 30, 2025, equity capitalization was 60% with $4.9 billion of available liquidity, including $1.6 billion of forward-priced ATM equity proceeds.

Nov 6, 2025, 3:00 PM

Transcript

Atmos Energy reports Q4 2025 results and fiscal 2026 outlook

ATO

Earnings

Guidance Update

Dividends

Atmos Energy reported fiscal 2025 diluted EPS of $7.46, marking 23 consecutive years of EPS growth and 41 consecutive years of dividend growth.
Fiscal 2026 EPS guidance is set at $8.15–$8.35, reflecting a rebased midpoint for 6%–8% annual growth off HB 4384 benefits.
The board approved a 168th consecutive quarterly dividend, indicating a $4.00 annual dividend for fiscal 2026, a 15% increase.
A five-year capital plan totaling $26 billion through FY2030 focuses 85% on safety and reliability, with ~80% of spending in Texas.
Major pipeline projects, including 55 mi Bethel–Groesbeck and 44 mi WA Loop II, are nearing in-service late CY 2025.

Nov 6, 2025, 3:00 PM

Transcript

Atmos Energy reports Q4 Fiscal 2025 results

ATO

Earnings

Dividends

Guidance Update

Atmos Energy reported FY 2025 diluted EPS of $7.46, marking the 23rd consecutive year of EPS growth and the 41st consecutive year of dividend growth.
Consolidated capital spending rose to $3.6 billion (87% on safety/reliability); rate base increased 14% to ~$21 billion; and consolidated O&M (ex-VAT) was $874 million for FY 2025.
Management set FY 2026 EPS guidance at $8.15–$8.35, targeting 6–8% annual EPS growth through FY 2030 (EPS of $10.80–$11.20) and approved an indicated FY 2026 dividend of $4.00, a 15% increase over FY 2025.
A five-year capital plan through FY 2030 calls for $26 billion of investment (85% on safety/reliability), with $21 billion (80%) allocated to Texas, supporting an expected rate base of ~$42 billion by FY 2030.
The company ended FY 2025 with 60% equity capitalization and $4.9 billion of available liquidity (including $1.6 billion of ATM equity proceeds) to fund future operations.

Nov 6, 2025, 3:00 PM

Transcript

Atmos Energy reports FY 2025 earnings and 2026 outlook

ATO

Earnings

Guidance Update

Dividends

Reported fiscal 2025 EPS of $7.46 on net income of $1.2 billion.
Delivered $3.6 billion in capital expenditures, with approximately 87% focused on safety and reliability.
Maintained a 60.3% equity capitalization and $4.9 billion in available liquidity.
Issued fiscal 2026 guidance of $8.15–$8.35 EPS and ~$4.2 billion in capital spending.
Increased the quarterly dividend to $1.00 per share (annualized $4.00; +14.9% over fiscal 2025).