Atmos Energy Corp.

Atmos Energy Corp.

ATO

Get informed when a big investor buys or sells

+ Follow
Market Cap$28.24B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Atmos Energy Corp.Atmos Energy Corp.20.92.29%5%5.80.3

Earnings Call Q2 2026

May 7, 2026 - AI Summary

Earnings + guidance raised (key upside): - Atmos reported YTD FY26 net income of $985M (=$5.92/diluted share), up 12.5% YoY. - EPS guidance increased to $8.40–$8.50 (from prior range ~$8.35–$8.50). - Management expects the remaining FY26 EPS contribution to be recognized somewhat evenly by quarter in the back half of the fiscal year.
Big driver of the raise: Texas Rule 7.7102 (reduced lag) improves visibility but shifts accounting optics (mostly not “real” earnings): - Texas Rev. Commission finalized rulemaking codifying Texas House Bill 4384 into Rule 7.7102. - Atmos changed how it presents deferred post-in-service carrying costs/depreciation/ad valorem for non-eligible investments (Rule 8.209-type) — a reclassification from interest expense into the income statement line items where costs are incurred (O&M and interest). - FY26 estimated impact from 7.7102 increased to $155M–$165M (pretax) for the full year—higher than originally planned due to improved clarity on timing/spending and modified rule interpretation during the year. - Guidance remains accompanied by stated ranges: O&M expected $865M–$885M; interest expense $155M–$160M (increase reflects the presentation change, per CFO).
APT through-system business: improvement but remains dependent on gas market conditions (Waha spreads volatility): - CFO/management highlighted that gas pricing dynamics improved spreads versus last year. - APT through-system earnings contribution referenced as ~$0.08 YoY for first 6 months; management expects additional +$0.08 to +$0.12 in 2H FY26 (i.e., benefits continue but not guaranteed). - They noted Waha has moved dramatically from historic highs/moderated, but no crystal ball—they will monitor through the next 6 months (they emphasized the heating season/power gen load hasn’t fully kicked in yet).

Exclusive for Stockcircle Pro members

Sign upSign Up
$188.20

Target Price by Analysts

11.8% upsideAtmos Energy Target Price DetailsTarget Price
$117.13

Current Fair Value

30.4% downside

Overvalued by 30.4% based on the discounted cash flow analysis.

Share Statistics

Market cap$28.24 Billion
Enterprise Value$37.63 Billion
Dividend Yield$3.87 (2.29%)
Earnings per Share$7.54
Beta0.65
Outstanding Shares166,464,000

Return

Return on Equity4.67%ROE
Return on Assets4.05%
Return on Invested Capital5.60%

Valuation & Multiples

P/E Ratio20.92P/E Ratio
PEG105.45PEG
Price to Sales5.8Price to Sales
Price to Book Ratio0.97Price to Book Ratio
Enterprise Value to Revenue7.71
Enterprise Value to EBIT21
Enterprise Value to Net Income27
Total Debt to Enterprise0.25
Debt to Equity0.33Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 13, 2026
EPS Estimate
$3.34
Average shareholder expectation
Revenue Estimate
$1.96 B
Average shareholder expectation

Next Earnings Call

Expected Date
August 5, 2026
EPS Estimate
$1.32
Average shareholder expectation
Revenue Estimate
$911.26 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.1028▼ 2.88%
Total Calls123,500▲ 5.56%
Total Puts12,700▼ 17.53%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %98.29%▼ 1.22%
Total Invested$29.54B▲ 8.85%
Investors Holding1,019▲ 33.00%

ESG Score

No data

About Atmos Energy Corp.

CEO: John Akers

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly shaping the tax policies that profoundly affect Atmos Energy's financial structure and operations.

Finance

This committee controls taxation policy, which directly impacts Atmos Energy's corporate tax burden, profitability, and capital investment incentives.

Banking, Housing, and Urban Affairs

This committee regulates the entire financial system, including the SEC, directly impacting Atmos Energy's access to capital markets, cost of borrowing, and financial reporting requirements as a public company.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and the Department of Energy, significantly impacting natural gas production, transmission, and overall supply regulations crucial for Atmos Energy.

Environment and Public Works

This committee regulates the EPA, which sets environmental standards and permitting requirements for natural gas pipelines and operations, directly impacting Atmos Energy's infrastructure development and compliance costs.