Atmos Energy Corporation logo

Atmos Energy Corporation

ATO

NYSEUtilitiesRegulated Gas

Previous close

$166.85

−$3.67 · -2.15%

Aug 21, 4:00 PM ET

Pre-market

$168

+$1.15 · +0.69%

Aug 24, 6:00 AM ET

ATO company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

63

Undervalued

Momentum

41

Neutral

Sentiment

68

Bullish

Risk resilience

84

Low Risk

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Company profile

Company website

Atmos Energy Corporation, alongside its subsidiaries, is a U.S.-based enterprise primarily involved in the regulated distribution of natural gas, as well as operating pipeline and storage facilities. The company functions through two core divisions: Distribution, and Pipeline and Storage. The Distribution division manages the regulated delivery and associated sales of natural gas across eight states. This division supplies natural gas to approximately three million customers, encompassing homeowners, businesses, public agencies, and industrial clients. By September 30, 2021, its extensive infrastructure comprised 71,921 miles of subterranean distribution and transmission lines. Conversely, the Pipeline and Storage division focuses on pipeline and storage activities. It is responsible for transporting natural gas on behalf of other entities and oversees five underground storage facilities located in Texas. Additionally, it offers various support services to the pipeline sector, such as gas parking, lending, and inventory transactions. As of September 30, 2021, this division maintained a network of 5,699 miles of gas transmission lines. Established in 1906, Atmos Energy Corporation maintains its principal office in Dallas, Texas.

Industry
Regulated Gas
Sector
Utilities
Headquarters
US
CEO
John Kevin Akers
Listed since
Dec 28, 1983
Employees
5,487

Market position

Day range

Current $166.85

52-week range

Current $166.85

Open
$172.32
Previous close
$170.52
Volume
789.18K
0.62× average
Average volume
1.27M
Average daily volume
Market cap
27.85B USD
Beta
0.6
Market reference 1
50-day average
$173.41
-3.78% below average
200-day average
$176
-5.20% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

P/E (TTM)
19.65×
P/B (TTM)
1.84×
P/S (TTM)
5.66×
Dividend yield
2.40%

Profitability & efficiency

Gross margin
61.04%
Operating margin
36.97%
Net margin
28.50%

Financial health

Debt / equity
0.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends62%46%30%14%Gross margin, FY2021: 49.77%Gross margin, FY2022: 43.05%Gross margin, FY2023: 48.14%Gross margin, FY2024: 57.92%Gross margin, FY2025: 52.37%Operating margin, FY2021: 26.56%Operating margin, FY2022: 21.92%Operating margin, FY2023: 24.96%Operating margin, FY2024: 32.54%Operating margin, FY2025: 33.17%Net margin, FY2021: 19.53%Net margin, FY2022: 18.43%Net margin, FY2023: 20.71%Net margin, FY2024: 25.04%Net margin, FY2025: 25.49%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 49.77%. Gross margin FY2022 43.05%. Gross margin FY2023 48.14%. Gross margin FY2024 57.92%. Gross margin FY2025 52.37%. Operating margin FY2021 26.56%. Operating margin FY2022 21.92%. Operating margin FY2023 24.96%. Operating margin FY2024 32.54%. Operating margin FY2025 33.17%. Net margin FY2021 19.53%. Net margin FY2022 18.43%. Net margin FY2023 20.71%. Net margin FY2024 25.04%. Net margin FY2025 25.49%.

Income trends

Revenue

4.7B USD+12.91%

Operating income

1.56B USD+15.10%

Net income

1.2B USD+14.94%
Income trends across reported periods5.11B USD3.49B USD1.88B USD261.84M USDRevenue, FY2021: 3.41B USDRevenue, FY2022: 4.2B USDRevenue, FY2023: 4.28B USDRevenue, FY2024: 4.17B USDRevenue, FY2025: 4.7B USDOperating income, FY2021: 905M USDOperating income, FY2022: 920.98M USDOperating income, FY2023: 1.07B USDOperating income, FY2024: 1.36B USDOperating income, FY2025: 1.56B USDNet income, FY2021: 665.56M USDNet income, FY2022: 774.4M USDNet income, FY2023: 885.32M USDNet income, FY2024: 1.04B USDNet income, FY2025: 1.2B USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 3.41B USD. Revenue FY2022 4.2B USD. Revenue FY2023 4.28B USD. Revenue FY2024 4.17B USD. Revenue FY2025 4.7B USD. Operating income FY2021 905M USD. Operating income FY2022 920.98M USD. Operating income FY2023 1.07B USD. Operating income FY2024 1.36B USD. Operating income FY2025 1.56B USD. Net income FY2021 665.56M USD. Net income FY2022 774.4M USD. Net income FY2023 885.32M USD. Net income FY2024 1.04B USD. Net income FY2025 1.2B USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue4.7B USD4.17B USD4.28B USD4.2B USD3.41B USD
Cost of goods sold2.24B USD1.75B USD2.22B USD2.39B USD1.71B USD
Gross profit2.46B USD2.41B USD2.06B USD1.81B USD1.7B USD
Operating expenses902.94M USD1.06B USD991.13M USD887.86M USD790.76M USD
Interest income29.94M USD22.89M USD7.21M USD2.78M USD2.14M USD
Interest expense171.68M USD190.63M USD137.28M USD102.81M USD83.55M USD
Depreciation and amortization734.75M USD669.97M USD604.33M USD535.66M USD477.98M USD
Operating income1.56B USD1.36B USD1.07B USD920.98M USD905M USD
Net income1.2B USD1.04B USD885.32M USD774.4M USD665.56M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
91%
10 beats, 0 misses, 1 met estimate
Average EPS surprise
+4.07%
11 comparable reports
Latest EPS result
1.43
Estimate 1.35 · Beat by 5.93%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates3.672.731.780.84Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26MetQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 2.23, estimate 2.2, surprise +1.36%, Beat. Q2 2025, reported May 7, 2025: actual 3.03, estimate 2.89, surprise +4.84%, Beat. Q3 2025, reported Aug 6, 2025: actual 1.16, estimate 1.14, surprise +1.75%, Beat. Q4 2025, reported Nov 5, 2025: actual 1.07, estimate 0.99, surprise +8.08%, Beat. Q1 2026, reported Feb 4, 2026: actual 2.44, estimate 2.44, surprise 0.00%, Met estimate. Q2 2026, reported May 6, 2026: actual 3.47, estimate 3.41, surprise +1.76%, Beat. Q3 2026, reported Aug 5, 2026: actual 1.43, estimate 1.35, surprise +5.93%, Beat. Q4 2026, reported Nov 4, 2026: actual —, estimate 1.2, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.06B1.58B1.1B622.01MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26MissQ4 '26Estimate
Q1 2025, reported Feb 4, 2025: actual 1.18B USD, estimate 1.35B USD, surprise -12.87%, Miss. Q2 2025, reported May 7, 2025: actual 1.95B USD, estimate 1.67B USD, surprise +16.58%, Beat. Q3 2025, reported Aug 6, 2025: actual 838.77M USD, estimate 822.15M USD, surprise +2.02%, Beat. Q4 2025, reported Nov 5, 2025: actual 737.48M USD, estimate 721.3M USD, surprise +2.24%, Beat. Q1 2026, reported Feb 4, 2026: actual 1.34B USD, estimate 1.3B USD, surprise +3.57%, Beat. Q2 2026, reported May 6, 2026: actual 1.96B USD, estimate 1.94B USD, surprise +1.12%, Beat. Q3 2026, reported Aug 5, 2026: actual 879.06M USD, estimate 900.82M USD, surprise -2.42%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 798.7M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$187.83

12.57% upside
Past 12 months12-month forecastHigh $200Average $187.83Low $179

Rating distribution

22 ratings
Strong buy00%
Buy1045%
Hold1255%
Sell00%
Strong sell00%

ATO peers

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