Atmos Energy Corp.
ATO - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$29.79B
Close$
Earnings Call Q4 2026
November 5, 2026 - AI Summary
Strong operating/financial momentum: EPS & dividend streaks
- Fiscal 2026 diluted EPS was $8.49, marking 24 consecutive years of EPS growth.
- Fiscal 2026 dividend growth streak continued: 42 consecutive years of dividend growth (and the company later approved a 172nd consecutive quarterly dividend).
- Dividend: Board approved a 172nd consecutive quarterly cash dividend with indicated FY2027 annual dividend of $4.36, a 9% increase vs. FY2026 (and 43 consecutive years of dividend per share growth).
- Call highlighted steady customer growth: ~49,000 residential customers added in FY26 (with >37,000 in Texas), plus nearly 3,200 commercial and 17 industrial/large load customers; when fully operational, industrial customers are expected to consume ~2 Bcf/year.
Guidance and 5-year plan: durable growth profile, but tied to execution + regulation
- FY2027 EPS guidance: $9.05–$9.25.
- Expected growth rate: 6%–8% annual EPS growth (from the midpoint of FY2027 guidance), targeting FY2031 EPS of ~$12.35–$12.55.
- Management emphasized the plan is system-need driven (population, demand, engineering analysis, third-party validation) and relies heavily on existing regulatory recovery mechanisms.
- Regulatory cadence expectation: ~98% of planned outcomes expected to be achieved through annual filing mechanisms; company said it is not assuming new regulatory mechanisms or new regulatory asset treatment.
Capital spending & financing: big investment pipeline (~$29B), mostly safety/reliability
- FY2026 capital spending: $4.2B, up 17% YoY, with ~88% dedicated to safety & reliability.
- Rate base growth: estimated rate base increased 15% to ~$25B (as of Sept. 30, 2026).
- 5-year capex plan (through FY2031): ~$29B total, with ~88% safety & reliability emphasis (and capital spending expected to grow ~11%–13% per year).
- Geography: ~$23B of the $29B planned investment in Texas (~80%); within that ~$16B in Texas distribution and ~$7B at APT for supply reliability/diversification and system fortification.
- Financing stance: equity capitalization expected to stay around ~60%, using a mix of ATM equity issuance + long-term debt; company completed $2.4B long-term financing in FY26 and ended with ~$3.8B available liquidity.
Exclusive for Stockcircle Pro members
Sign up
$117.13
33.6% downside
Current Fair Value
33.6% downsideOvervalued by 33.6% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $29.79 Billion |
|---|---|
| Enterprise Value | $39.53 Billion |
| Annual dividend | $4.00 |
| Dividend yield | 2.27% |
| Earnings per Share | $7.54 |
| Beta | 0.55 |
| Outstanding Shares | 168,345,000 |
Return
| Return on Equity | 9.19% |
|---|---|
| Return on Assets | 4.44% |
| Return on Invested Capital | 6.20% |
Valuation & Multiples
| P/E Ratio | 20.77 |
|---|---|
| PEG | 68.67 |
| Price to Sales | 6.08 |
| Price to Book Ratio | 1.96 |
| Enterprise Value to Revenue | 8.03 |
| Enterprise Value to EBIT | 21.42 |
| Enterprise Value to Net Income | 28 |
| Total Debt to Enterprise | 0.26 |
| Debt to Equity | 0.67 |
Revenue Sources
No data
Last Earnings Call
Report Date
November 4, 2026
EPS
$1.17
Est. $1.14Revenue
$750.00 M
Est. $873.77 MNext Earnings Call
Expected Date
February 2, 2027
EPS Estimate
$2.58
Consensus analyst estimateRevenue Estimate
$1.27 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 17.14% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 16.27%▼ 80.99% |
|---|---|
| Total Invested | $4.28B▼ 84.81% |
| Investors Holding | 538▼ 518.00% |
About Atmos Energy Corp.
CEO: John Akers
