ATO

Atmos Energy
D

ATO

Arincen50/100B

If you had invested in Atmos Energy ago, it would be worth $3,159 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

50/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash2

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength0

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders4

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Atmos Energy key facts

Style
Dividend stock · 6.7/10Growth 4.6 · Value 3.9 · Dividend 6.7
Day range
176.150 – 177.500
52-week range
154.720 – 192.510
Market capitalization
30.00B USD
P/E
20.91
PEG ratio
2.36
EPS
8.49
Div Yield
2.46%
EPS growth forecast (FY2027)
+6.5%
Volume
1,567
Beta
0.55
ESG score
62.3/100Environment 51 · Social 65 · Governance 71
Sector
Utilities
Industry
Regulated Gas
CEO
John Kevin Akers
Employees
5K
IPO date
28 Dec 1983

Atmos Energy earnings

Next earnings · Q1 FY2027
EPS estimate
2.58 USD
Revenue estimate
1.27B USD
Last quarter · Q4 FY2026
EPS1.17Beat +2.6%Revenue750.00MMissed -14.2%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q1 FY20272.58——+5.74%1.27B——-5.33%
Q4 FY20261.141.17+2.63%+9.35%873.77M750.00M-14.17%+1.42%
Q3 FY20261.351.43+5.93%+23.28%900.82M879.06M-2.42%+4.80%
Q2 FY20263.413.47+1.76%+14.52%1.94B1.96B+1.12%+0.61%
Q1 FY20262.442.440.00%+9.42%1.30B1.34B+3.57%+14.17%
Q4 FY20250.991.07+8.08%+24.42%721.30M739.48M+2.52%+15.90%
Q3 FY20251.141.16+1.75%+7.41%822.15M838.77M+2.02%+19.56%

Analysts' estimates for FY2027 over the last 7 days:EPS Revenue How the estimates moved

Atmos Energy analyst forecast

12-month price target
181.71 USD
+2.37%

Analysts' 1-year price targets range from 167.00 to 200.00, with an average of 181.71.

Past year
1-year forecast
Strong sellStrong buy
Hold
11 ratings
Buy
2
Hold
9
Sell
0

12-month price target

Highest target200.00
Average target181.71
Lowest target167.00
Current price177.50

Atmos Energy valuation

Price to earnings ratio (TTM)
20.91
Forward P/E (FY2027)
19.59
Price to sales (TTM)
6.09
Price to book
1.97
EV / EBITDA (TTM)
14.90

Capital structure

Market capitalization
30.00B USD
+
Total debt
10.26B USD
−
Cash and short-term investments
525.81M USD
=
Enterprise value
39.73B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2029 (est.)16.95————
FY2028 (est.)18.1816.95———
FY2027 (est.)19.5918.18———
Now (TTM)20.9119.416.091.9714.90
FY202522.6520.195.772.0015.20
FY202420.3118.745.081.7413.82
FY202317.3714.563.601.4112.91
FY202218.1220.483.341.4915.00
FY202117.2320.483.361.4513.68

Atmos Energy against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: NiSource, UGI, Southwest Gas Holdings, Black Hills, New Jersey Resources, and Spire, the US Regulated Gas companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • P/E (today)Above its median20.9
    16.724.7
  • Gross marginAbove its median52.4%
    43.1%57.9%
    Against its peers: 2 of 7Peers' median 44.2%
  • Operating marginHighest in 5 years33.2%
    21.9%33.2%
    Against its peers: 1 of 7Peers' median 22.4%
  • Net marginHighest in 5 years25.5%
    18.4%25.5%
    Against its peers: 1 of 7Peers' median 13.3%
  • Return on equityHighest in 5 years8.8%
    8.1%8.8%
    Against its peers: 5 of 7Peers' median 10.5%
  • Free cash flow marginAt its median-32.2%
    -89.6%15.3%
    Against its peers: 7 of 7Peers' median -9.1%
  • Revenue growthAt its median12.9%
    -2.6%23.3%
    Against its peers: 3 of 7Peers' median 4.8%
  • EPS growthAt its median9.2%
    4.7%12.0%
    Against its peers: 5 of 7Peers' median 17.2%
  • Debt to EBITDABelow its median3.90×
    3.88×5.62×
    Against its peers: 1 of 7Peers' median 5.19×
  • Current ratioBelow its median0.77
    0.650.94
    Against its peers: 4 of 7Peers' median 0.81

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Atmos Energy growth and profitability

Revenue (TTM)
4.92B USD
Net income (TTM)
1.40B USD
Gross margin
61.04%
Operating margin
36.97%
Net margin
28.50%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY20254.70B+12.91%1.20B+14.94%52.37%33.17%25.49%2.38B+13.74%
FY20244.17B-2.58%1.04B+17.80%57.92%32.54%25.04%2.10B+20.40%
FY20234.28B+1.75%885.32M+14.32%48.14%24.96%20.71%1.74B+16.83%
FY20224.20B+23.31%774.40M+16.35%43.05%21.92%18.43%1.49B+7.93%
FY20213.41B+20.78%665.56M+10.66%49.77%26.56%19.53%1.38B+9.49%

Atmos Energy revenue breakdown

By product

FY2025
Distribution: 79.6%Pipeline and Storage: 20.4%79.6%Distribution20.4%Pipeline and Storage
SegmentRevenueShare of revenueChange on the year
Distribution4.43B79.6%+13.0%
Pipeline and Storage1.13B20.4%+13.3%

How Atmos Energy makes its money

Revenue4.70B 100.0%
Cost of revenue2.24B 47.6%
Gross profit2.46B 52.4%
Other operating expenses902.94M 19.2%
Operating income1.56B 33.2%
Tax279.28M 5.9%
Other expense81.94M 1.7%
Net income1.20B 25.5%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Atmos Energy dividends

Annual dividend
4.36 USD
Dividend yield (indicated)
2.46%
Payout ratio
59.95%
Years of dividend growth
39
Frequency
Quarterly
Next payment
1.09 USD
Next ex-dividend date
23 Nov 2026
Next payment date
7 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share3.613.293.032.782.562.352.151.981.841.71

Atmos Energy financial health

Cash and short-term investments
525.81M USD
Total debt
10.26B USD
Net cash
-9.73B USD
Free cash flow (TTM)
-2.02B USD
Current ratio
0.81
Debt to equity
0.67
Piotroski score
5 / 9
Altman Z-score
1.68

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY2025202.69M9.30B-1.51B
FY2024307.34M8.13B-1.20B
FY202315.40M7.12B653.77M
FY202251.55M8.37B-1.47B
FY2021116.72M7.56B-3.05B

Atmos Energy ownership

Institutions
97.26%
Institutional holders
1,056 (+23)
Free float
99.49%

Who owns the shares

Institutions 97.3% Others 2.7%
As of 30 Jun 2026

Shares free to trade

Free float 168.13M shares ·99.5% Closely held 858.46K shares ·0.5%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 202600101.42K39.77K
Q3 2026101.55K1.50K
Q2 20260029.68K40.43K
Q1 20260058.82K38.28K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY2025158.94M160.57M+5.18%
FY2024152.51M152.67M+5.17%
FY2023145.12M145.17M+5.12%
FY2022137.83M138.10M+6.36%
FY2021129.78M129.83M+5.67%

Source: Financial Modeling PrepVerified against SEC filings

Related Instruments

Title: Atmos Energy Corp

Sector: Utilities
Industry: Regulated Gas
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.

Common questions about Atmos Energy stock