Atmos Energy Corporation ATO

157.21 0.79 0.51% as of 25 Sep
Market cap
$26.4B
P/E
18.5×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years,
Insider Buys alert about insiders buying in the last 12 month

Insider Decisions

Total buys 0.05
Total sells 0.08
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy — — — — — — — — — — 1 —
Sell — — 1 — — — — — — — — —
Insider Ownership 0.03%

Capital & Financial Ratios

Market Cap 26,430.00
Revenue 4,921.53
Net Income 1,402.44
Free Cash Flow (2,020.30)
Net Debt 9,798.06
Current Ratio 0.81
Debt/Equity 0.68
P/E ratio 18.54
P/S ratio 5.38
P/B ratio 1.73
Past 5Y EPS Growth 9.43%
This Y EPS Growth 13.32%
Next Y EPS Growth 6.86%
Next 5Y EPS Growth 9.45%
in millions of $

Dividends

Payout Ratio 0.50
Annual Dividend Rate 2.96
Annual Dividend Yield 2.76%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 4.03
1.00
1.00
1.00
2025 3.61
0.87
0.87
0.87
1.00
2024 3.29
0.81
0.81
0.81
0.87
2023 3.77
0.74
0.74
0.74
0.74
0.81
2022 2.78
0.68
0.68
0.68
0.74
2021 2.56
0.63
0.63
0.63
0.68
2020 2.35
0.58
0.58
0.58
0.63
2019 2.15
0.53
0.53
0.53
0.58
2018 1.98
0.49
0.49
0.49
0.53
2017 1.84
0.45
0.45
0.45
0.49
2016 1.71
0.42
0.42
0.42
0.45
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 19 309 204 526
Receivables 329 366 376 469
Inventory 246 170 172 154
Other 292 288 302 351
886 1,132 1,053 1,501
2023 2024 2025 Q'26
Payables 336 445 507 437
ST’ Debt 11 10 21 511
Other 763 751 836 896
1,353 1,206 1,363 1,844
in millions of $

Compound Annual Growth

10y 5y 3y
Sales 4.86% 10.76% 3.83%
Cash Flow 9.70% 14.57% 27.99%
Earnings 14.30% 14.79% 15.68%
Book Value 15.55% 14.83% 12.91%

Revenue

Dec Mar Jun Sep Year
’26 1,343 1,962 879 — —
’25 1,176 1,951 839 737 4,703
’24 1,158 1,647 702 658 4,165
’23 1,484 1,541 663 588 4,275
’22 1,013 1,650 816 723 4,202
’21 914 1,319 606 568 3,407
’20 876 978 493 475 2,821
in millions of $ · fiscal quarters ending in the months shown

Operating Cash Flow

Dec Mar Jun Sep Year
’26 308 723 640 — —
’25 282 923 496 348 2,049
’24 245 747 411 331 1,734
’23 189 2,704 329 238 3,460
’22 62 579 289 48 978
’21 157 (1,559) 244 74 (1,084)
’20 172 461 262 143 1,038
in millions of $ · fiscal quarters ending in the months shown

Free Cash Flow

Dec Mar Jun Sep Year
’26 (725) (280) (399) — —
’25 (609) 83 (371) (615) (1,512)
’24 (524) 101 (302) (477) (1,203)
’23 (607) 2,084 (339) (484) 654
’22 (622) 73 (247) (670) (1,467)
’21 (300) (1,948) (268) (537) (3,054)
’20 (357) (4) (149) (387) (898)
in millions of $ · fiscal quarters ending in the months shown

EPS

Dec Mar Jun Sep Year
’26 2.44 3.47 1.43 — —
’25 2.23 3.03 1.16 1.07 7.46
’24 2.08 2.85 1.08 0.86 6.83
’23 1.91 2.48 0.94 0.80 6.10
’22 1.86 2.37 0.92 0.51 5.60
’21 1.71 2.30 0.78 0.37 5.12
’20 1.47 1.95 0.96 0.53 4.89
fiscal quarters ending in the months shown

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
60.00 72.54 76.46 89.19 77.92 84.59 97.71 101.00 110.46 136.16

Analyst estimates 2026–2028

Powerpack
Low Price
81.97 93.56 100.76 115.19 121.08 105.30 122.96 125.28 152.65 180.65
High Price
4,747 4,565 4,564 4,776 4,694 4,684 4,791 5,019 5,260 5,487
Employees
1 1 1 1 1 1 1 1 1 1
Revenue/Emp
2,455 2,760 3,116 2,902 2,821 3,407 4,202 4,275 4,165 4,703
Revenue
69.60% 66.46% 62.52% 70.40% 76.65% 69.69% 59.95% 66.03% 77.58% 77.33%
Gross Margin
542 604 611 650 747 819 852 1,000 1,236 1,478
EBT
22.09% 21.89% 19.62% 22.41% 26.47% 24.04% 20.28% 23.38% 29.67% 31.43%
EBT Margin
350 396 603 511 601 666 774 886 1,043 1,199
Net Income
293 326 369 401 441 492 545 608 663 720
Depreciation
23.71 26.01 28.06 24.76 22.98 26.26 30.48 29.46 27.31 29.59
Revenue/Sh
3.38 3.73 5.43 4.36 4.89 5.12 5.61 6.10 6.83 7.46
Earnings/Sh
7.68 8.17 10.13 8.27 8.45 (8.35) 7.09 23.84 11.37 12.89
Cash Flow/Sh
(10.50) (10.72) (13.22) (14.45) (15.76) (15.18) (17.73) (19.34) (19.26) (22.41)
Capex/Sh
(2.82) (2.54) (3.09) (6.18) (7.31) (23.53) (10.64) 4.51 (7.89) (9.51)
Free CF/Sh
33.45 36.75 42.97 49.06 55.31 60.93 68.34 74.90 79.72 85.31
Book Value/Sh
104 106 111 117 123 130 138 145 153 159
Shares
21.90 22.58 16.93 26.00 19.47 17.09 17.99 16.74 20.19 22.65
PE Ratio
3.14 3.26 3.30 4.60 4.16 3.36 3.34 3.49 5.08 5.77
PS Ratio
2.23 2.30 2.16 2.32 1.73 1.45 1.49 1.37 1.74 2.00
PB Ratio
4.11 4.45 4.29 5.85 5.76 5.48 5.22 5.04 6.89 7.64
EV/Sales
(34.60) (45.46) (38.93) (23.43) (18.10) (6.11) (14.96) 32.95 (23.86) (23.77)
EV/FCF
795 867 1,125 969 1,038 (1,084) 978 3,460 1,734 2,049
Op' Cash Flow
(1,087) (1,137) (1,468) (1,693) (1,936) (1,970) (2,444) (2,806) (2,937) (3,561)
Capex
(292) (270) (343) (725) (898) (3,054) (1,467) 654 (1,203) (1,512)
FCF
(1,107) (474) (1,436) (751) (311) (672) (555) (467) (74) (310)
Working Cap'
2,439 3,515 3,069 3,994 4,532 7,331 7,962 6,651 7,870 8,996
Total Debt
2,391 3,489 3,055 3,970 4,511 7,214 7,911 6,631 7,562 8,792
Net Debt
3,463 3,899 4,770 5,750 6,791 7,907 9,419 10,870 12,158 13,559
Sh' Equity
3.67% 3.81% 5.33% 4.05% 4.19% 3.81% 3.71% 3.96% 4.37% 4.49%
ROA
7.02% 6.22% 5.81% 4.80% 4.56% 3.74% 3.32% 3.81% 4.30% 4.36%
ROIC
10.52% 10.76% 13.91% 9.72% 9.59% 9.06% 8.94% 8.73% 9.06% 9.32%
ROE
predictions in italic, sparklines do not include predictions

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Atmos Energy Corporation peers in Utilities Regulated Gas

All 15 Utilities Regulated Gas stocks →

ATO metrics, ten years each

Atmos Energy Corporation (ATO) key facts

  • Atmos Energy Corporation (ATO) is an Utilities Regulated Gas company in the Utilities sector, listed on the New York Stock Exchange.
  • Atmos Energy Corporation’s revenue for fiscal 2025 (year ended September 2025) was $4.7 billion, up 12.9% from fiscal 2024.
  • Net income was $1.2 billion, or $7.46 per share (basic), a net margin of 25.5%.
  • As of September 25, 2026, ATO traded at $157.21, a market capitalization of $26.4 billion.
  • At that price the stock trades at 18.5× trailing-twelve-month earnings and 5.4× sales.
  • Atmos Energy Corporation pays an annual dividend of $2.96 per share, a yield of 2.76%, with a payout ratio of 49.9%.
  • Return on equity was 9.32% and debt-to-equity 0.68.

Source: company filings (standardised) and stockrow calculations.

Atmos Energy Corporation (ATO) Latest News

News by impact score

Fine-tune

21 Sep

3

Dallas-based Atmos Energy Corporation (ATO) is a large, fully regulated natural gas utility serving about 3.4 million customers across eight Southern states. With a $28.3 billion market cap, its strengths include an extensive regulated network and predictable earnings. Ongoing pipeline and system modernization supports rate-base growth and reliability. Despite these fundamentals, ATO shares have fallen 16.7% from a 52-week high of $192.51 (Apr 9) and are down 5.8% over the last three months, underperforming the Dow. The stock has traded below the 50- and 200-day moving averages since late July. Investors face higher rates, elevated capital spending, and revenue misses weighing sentiment toward utilities, even as Q3 EPS of $1.43 beat estimates and full-year EPS guidance remains $8.40–$8.50. Revenue of $879.1 million missed $1 billion, and the average price target sits around $184.38 with a Hold rating. Mixed Q3 results—EPS beat but revenue missed—coupled with higher interest rates and ongoing capex pressure temper upside and justify a moderate rating.

15 Sep

3

Infrastructure investments may drive Atmos Energy Corporation's long-term growth through expanded natural gas network capabilities and sustained operational scaling. Infrastructure outlays shape Atmos Energy's core network expansion and earnings trajectory over multiple years.

28 Aug

4

Atmos Energy (ATO) has lost its investment appeal due to weakening fundamentals, operational challenges and unfavorable market conditions that undermine growth and returns. Negative reassessment of appeal directly pressures ATO valuation and investor sentiment.

12 Aug

3 transcript

Atmos Energy (ATO) held its Q3 2026 earnings call covering quarterly results and outlook. Earnings call provides financial results and guidance that may affect near-term stock sentiment and operations.

7 Aug

3

Atmos Energy Q3 earnings call covered financial results, operational updates, infrastructure spending and growth outlook for the natural gas utility. Quarterly earnings details can move near-term sentiment and valuation but rarely shift long-term company trajectory.

6 Aug

3 transcript

Atmos Energy Corporation presented Q3 2026 financial results and operational updates in its earnings call. Quarterly earnings releases deliver financial metrics that can shift near-term investor sentiment and valuation.

5 Aug

3

Atmos Energy (ATO) Q3 earnings include comparison of key metrics against analyst estimates. Q3 earnings metrics versus estimates can shift near-term stock valuation and sentiment.

3

Atmos Energy (ATO) reported Q3 earnings that surpassed analyst estimates. Q3 earnings beat signals improved financial results likely to support short-term stock gains.

30 Jul

4

Atos Group delivered strong H1 2026 results built on sustained performance and remains on track to meet full-year targets. Positive half-year results with reaffirmed full-year guidance indicate material upside for near-term financials and investor sentiment.

29 Jul

3

Atmos Energy Corporation anticipates earnings growth, prompting evaluation of potential stock purchases. Expected earnings growth for Atmos Energy may moderately boost its stock performance and attract buyers.

17 Jul

3

Rising earnings expectations for Atmos Energy prompt questions on whether its stock remains undervalued. Rising earnings expectations can shift investor sentiment and short-term valuation of Atmos Energy.

2 Jun

3

Wrongful death lawsuit targets Atmos Energy over safety failures and puts earnings outlook at risk. Lawsuit spotlights safety record and may pressure earnings via added costs or scrutiny.

1 Jun

3 transcript

Atmos Energy Corporation held its Q2 2026 earnings call covering quarterly financial results, operational performance, and forward guidance. Quarterly earnings calls deliver financial updates and guidance that moderately influence near-term stock sentiment and valuation.

15 May

3

Atmos Energy (NYSE:ATO) reports strong earnings, but additional considerations are required for proper assessment. Strong earnings positively influence financial performance but are offset by necessary additional considerations.

13 May

4

Atmos Energy Corporation delivered strong Q2 results, raised full-year guidance, and increased its dividend, raising questions about a potential shift in its market narrative. Strong Q2 earnings, elevated guidance, and dividend hike enhance financial outlook and investor sentiment significantly.

9 May

4

Atmos Energy Corporation reported Q2 earnings call highlights, detailing financial results, operational updates, customer growth, infrastructure investments, and reaffirmed fiscal 2024 guidance. Q2 earnings highlights disclose key financial metrics and strategic initiatives that significantly influence ATO's near-term performance and investor confidence.

3

Atmos Energy (ATO) ranks among the top 10 utility stocks that beat earnings estimates, highlighting its strong financial performance in the sector. Beating earnings estimates and ranking in the top 10 utilities moderately boosts financial perception and short-term market sentiment without fundamental changes.

7 May

4

Atmos Energy Corporation's Q2 earnings surpassed analyst estimates, with revenues increasing year-over-year. Q2 earnings beat and revenue growth signal robust financial performance, significantly boosting investor sentiment and stock trajectory.

3

Atmos Energy Corporation released Q2 2026 earnings call summary highlighting quarterly financial performance, operational updates, and future outlook. Quarterly earnings summary provides key financial insights affecting short-to-medium term performance and investor sentiment without transformative changes.

6 May

4

Atmos Energy Corporation reported earnings for fiscal 2026 second quarter and raised its fiscal 2026 guidance. Raising full-year guidance post-Q2 earnings signals stronger financial performance ahead, significantly lifting investor sentiment and stock trajectory.

3

Atmos Energy Corporation (ATO) released Q2 earnings, analyzing key metrics against estimates. Q2 earnings metrics versus estimates moderately influence financial performance and investor sentiment.

3

Atmos Energy Corporation (ATO) Q2 earnings topped analyst estimates. Q2 earnings beat highlights solid financial performance with moderate positive effect on market sentiment.

3

Atmos Energy (NYSE:ATO) delivers strong forecasted EPS growth of 7.7% annually, outpacing the US energy utilities industry average of 5.2%, driven by earnings expansion and solid return on equity, positioning it as an appealing investment for EPS-focused shareholders. Forecasted EPS growth exceeding industry averages signals moderately noticeable uplift to financial performance and investor appeal.

29 Apr

3

Atmos Energy Corporation (ATO) expects earnings growth, prompting analysis on whether investors should buy the stock. Expected earnings growth signals potential financial improvement, influencing investor sentiment and short-term stock performance.

17 Apr

3

Atmos Energy (ATO) shares sit near highs, prompting a valuation check amid emerging legal risks. Emerging legal risks pose moderately noticeable influence on financial performance despite strong share prices.

16 Apr

3

Atmos Energy (ATO) has consistently beaten earnings estimates and analysts assess whether it will achieve this again in the next quarterly report, highlighting positive history, industry trends, and key metrics to watch. Earnings preview influences financial performance expectations and short-term investor sentiment.

1 Apr

3

Atmos Energy (ATO) valuation under review following lawsuit over Lake Dallas gas explosion. Gas explosion lawsuit introduces potential legal costs, settlements, and regulatory scrutiny affecting financial performance.

31 Mar

3

Atmos Energy (ATO) merits immediate portfolio addition due to resilient regulated utility operations, consistent dividend increases exceeding 35 years, projected 6-8% annual earnings growth, customer base expansion to over 3.5 million, and strategic capital investments exceeding $3 billion annually amid rising natural gas demand. Bullish investment rationale spotlights financial stability and growth drivers capable of enhancing market sentiment without transformative shifts.

29 Mar

3

Atmos Energy (NYSE:ATO) merits investor attention due to its impressive 10-year earnings growth of 9.4% annually, high return on equity of 9.3%, growing dividends with 70% payout ratio, and planned capital investments exceeding $3 billion annually for infrastructure expansion. Consistent earnings growth, strong ROE, and dividend policy combined with expansion plans moderately boost financial outlook and investor sentiment.

28 Mar

3

US District Court for the Southern District of New York issued a decision in the TriZetto re-trial involving Atmos Energy Corporation (ATO). Court decision in TriZetto re-trial could impact Atmos Energy's legal exposures and financial obligations.

stockrow.com/ATO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com