Atmos Energy Corp Stock Research

Market Summary

USD114.34+0.56

Market Closed

0.49%

ATO Alerts

1 major insider sales recently.
Big jump in Revenue (Y/Y)

ATO Stock Price

ATO RSI Chart

ATO Valuation

Market Cap

16.4B

Price/Earnings (Trailing)

20.54

Price/Sales (Trailing)

3.5

EV/EBITDA

14.52

Price/Free Cashflow

14.82

ATO Price/Sales (Trailing)

ATO Profitability

Operating Margin

56.14%

EBT Margin

19.11%

Return on Equity

8.1%

Return on Assets

3.41%

Free Cashflow Yield

6.75%

ATO Fundamentals

ATO Revenue

Revenue (TTM)

4.7B

Revenue Y/Y

46.53%

Revenue Q/Q

105.36%

ATO Earnings

Earnings (TTM)

797.0M

Earnings Y/Y

9.09%

Earnings Q/Q

279.46%

Price Action

52 Week Range

97.10121.44

(Low)(High)

Last 7 days

1.2%

Last 30 days

-2.0%

Last 90 days

-2.6%

Trailing 12 Months

1.5%

ATO Financial Health

Current Ratio

1.03

Debt/Equity

0.67

Debt/Cashflow

0.17

ATO Investor Care

Dividend Yield

2.43%

Dividend/Share (TTM)

2.78

Shares Dilution (1Y)

7.09%

Diluted EPS (TTM)

5.68

Peers (Alternatives to Atmos Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
NEE	151.5B	21.0B	-0.13%	-6.43%	36.52	7.23	22.77%	16.06%
DUK	74.8B	28.8B	-2.22%	-6.62%	30.49	2.6	16.84%	-31.41%
SO	73.7B	29.3B	0.77%	1.38%	21.5	2.52	26.68%	48.46%
D	46.7B	17.2B	-4.66%	-30.44%	46.94	2.72	22.99%	-69.77%
ATO	16.4B	4.7B	-1.97%	1.54%	20.54	3.5	33.29%	14.34%
MID-CAP
NFG	5.1B	2.3B	-6.60%	-16.05%	8.49	2.23	24.37%	44.24%
NJR	5.1B	3.0B	0.14%	20.15%	18.12	1.72	24.20%	88.67%
OGS	4.3B	2.6B	-6.09%	-7.29%	19.61	1.69	42.54%	7.42%
SWX	4.0B	5.0B	-8.47%	-19.41%	-19.91	0.82	34.77%	-201.25%
SR	3.7B	3.0B	-4.86%	3.49%	10.53	1.26	16.25%	16.47%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
SPH	953.9M	1.5B	-6.33%	4.21%	5.82	0.63	12.11%	54.37%
SGU	446.8M	2.2B	1.23%	26.54%	13.01	0.21	34.39%	-46.65%
RGCO	240.9M	94.2M	1.34%	14.66%	-7.51	2.56	19.34%	-457.69%

Financials for Atmos Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	11.2%	4,673	4,202	4,047	3,837	3,506
EBITDA	5.1%	1,566	1,490	1,575	1,490	-
EBITDA Margin	-5.5%	0.34*	0.35*	0.34*	0.39*	-
Earnings Before Taxes	4.8%	893	852	827	804	801
EBT Margin	-5.8%	0.19*	0.20*	0.18*	0.21*	-
Interest Expenses	16.4%	120	103	89.00	84.00	81.00
Net Income	2.9%	797	774	751	725	697
Net Income Margin	-7.5%	0.17*	0.18*	0.16*	0.19*	-
Free Cahsflow	13.0%	1,105	978	1,004	958	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	5.3%	23,366	22,193	21,655	21,271	20,546
Current Assets	19.0%	3,628	3,048	3,282	3,529	3,274
Cash Equivalents	232.8%	172	52.00	328	582	264
Goodwill	0%	731	731	731	731	731
Current Liabilities	-2.0%	3,532	3,603	3,259	3,208	3,426
. Short Term Borrowings	-100.0%	-	185	-	-	-
Long Term Debt	13.7%	6,552	5,761	5,759	5,758	5,555
Shareholder's Equity	4.4%	9,836	9,419	9,268	8,983	8,290
Retained Earnings	5.2%	3,378	3,211	3,236	3,203	2,971
Additional Paid-In Capital	3.9%	6,066	5,838	5,726	5,634	5,294
Shares Outstanding	1.6%	143	141	140	139	134

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	13.0%	1,105	978	1,004	958	-1,179
Share Based Compensation	-	11.00	-	-	-	-
Cashflow From Investing	-4.6%	-2,542	-2,429	-2,325	-2,299	-2,189
Cashflow From Financing	-3.0%	1,346	1,387	1,126	1,058	3,176
Dividend Payments	3.8%	390	376	362	349	335

Risks for ATO

What is the probability of a big loss on ATO?

21.5%

Probability that Atmos Energy stock will be more than 20% underwater in next one year

Probability that Atmos Energy stock will be more than 30% underwater in next one year.

Probability that Atmos Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does ATO drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Atmos Energy was unfortunately bought at previous high price.

Drawdowns

Returns for ATO

Cumulative Returns on ATO

13.4%

10-Year Cumulative Returns

9.1%

7-Year Cumulative Returns

8.9%

5-Year Cumulative Returns

6.6%

3-Year Cumulative Returns

What are the long-term rolling returns for ATO?

FIve years rolling returns for Atmos Energy.

Annualized Returns

Which funds bought or sold ATO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-10	MATHER GROUP, LLC.	reduced	-2.76	788,689	12,066,700	0.23%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	11.23	4,391,750	24,007,700	0.03%
2023-03-06	Rockefeller Capital Management L.P.	added	1.83	214,000	1,997,000	0.01%
2023-03-03	TIAA, FSB	reduced	-4.21	17,969	359,969	-%
2023-02-28	Voya Investment Management LLC	added	1.49	1,260,560	12,064,600	0.02%
2023-02-24	SRS Capital Advisors, Inc.	added	644	6,531	7,531	-%
2023-02-24	National Pension Service	reduced	-0.67	1,325,900	22,182,100	0.04%
2023-02-24	NATIXIS	sold off	-100	-4,987,000	-	-%
2023-02-22	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	unchanged	-	136,000	1,488,000	0.02%
2023-02-22	CVA Family Office, LLC	unchanged	-	966	8,966	-%

Latest Funds Activity

Are funds buying ATO calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own ATO

No. of Funds

Atmos Energy News

Schedule 13G FIlings of Atmos Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2023	aristotle capital management, llc	6.76%	9,519,883	SC 13G
Feb 09, 2023	vanguard group inc	13.07%	18,430,637	SC 13G/A
Feb 06, 2023	wellington management group llp	6.02%	8,485,905	SC 13G
Feb 06, 2023	state street corp	7.64%	10,774,109	SC 13G/A
Jan 25, 2023	blackrock inc.	9.0%	12,736,679	SC 13G
Feb 14, 2022	state street corp	7.73%	10,257,605	SC 13G/A
Feb 09, 2022	vanguard group inc	12.37%	16,414,964	SC 13G/A
Jan 27, 2022	blackrock inc.	10.5%	13,905,648	SC 13G/A
Jan 25, 2022	blackrock inc.	10.5%	13,905,648	SC 13G/A
Feb 12, 2021	state street corp	6.76%	8,518,906	SC 13G

ATO Fair Value

Atmos Energy fair value in different scenarios

The table shows the Fair Value estimates for Atmos Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	79.77 -30.23%	122.42 7.07%	182.69 59.78%	243.17 112.67%	297.74 160.40%
Current Inflation	73.41 -35.80%	110.10 -3.71%	160.92 40.74%	211.22 84.73%	256.43 124.27%
Very High Inflation	65.51 -42.71%	95.28 -16.67%	135.42 18.44%	174.42 52.55%	209.29 83.04%

Historical Atmos Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Atmos Energy

View All Filings

Date Filed	Form Type	Document
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading
Mar 14, 2023	4	Insider Trading

Latest Insider Trading transactions for ATO

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-10	COMPTON KELLY H	acquired	145,050	109	1,322	-
2023-03-10	COCKLIN KIM R	acquired	145,050	109	1,322	-
2023-03-10	WALTERS DIANA J	acquired	145,050	109	1,322	-
2023-02-06	COCKLIN KIM R	sold	-1,464,300	117	-12,500	-
2022-11-15	THOMAS RICHARD M	sold	-121,407	110	-1,100	vice president & controller
2022-11-08	MCDILL JOHN S	acquired	222,858	104	2,132	sr vp, utility operations
2022-11-08	HARTSFIELD KAREN E	sold (taxes)	-107,457	104	-1,028	sr vp, gc & corporate sec'y
2022-11-08	THOMAS RICHARD M	acquired	119,164	104	1,140	vice president & controller
2022-11-08	Forsythe Christopher T	sold (taxes)	-139,443	104	-1,334	sr vice president & cfo
2022-11-08	ROBBINS J MATT	sold (taxes)	-107,457	104	-1,028	sr vp, human resources

About Atmos Energy

J. Kevin Akers

www.atmosenergy.com

4680

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately three million residential, commercial, public authority, and industrial customers. As of September 30, 2021, it owned 71,921 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage reservoirs in Texas; and provides ancillary services to the pipeline industry, including parking arrangements, lending, and inventory sales. As of September 30, 2021, it owned 5,699 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.

ATO Income Statement

2022-09-30

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2020
Operating revenues	$ 4,201,662	$ 3,407,490	$ 2,821,137
Purchased gas cost	1,682,656	1,032,717	658,854
Operation and maintenance expense	710,161	679,019	629,601
Depreciation and amortization expense	535,655	477,977	429,828
Taxes, other than income	352,208	312,779	278,755
Operating income	920,982	904,998	824,099
Other non-operating income (expense)	33,737	(2,145)	7,171
Interest charges	102,811	83,554	84,474
Income before income taxes	851,908	819,299	746,796
Income tax expense	77,510	153,736	145,353
Net income	$ 774,398	$ 665,563	$ 601,443
Basic net income per share (USD per share)	$ 5.61	$ 5.12	$ 4.89
Diluted net income per share (USD per share)	$ 5.60	$ 5.12	$ 4.89
Weighted average shares outstanding - basic (in shares)	137,830	129,779	122,788
Weighted average shares outstanding - diluted (in shares)	138,096	129,834	122,872
Other comprehensive income (loss), net of tax
Net unrealized holding gains (losses) on available-for-sale securities, net of tax of $(157), $(55) and $32	$ (542)	$ (191)	$ 106
Cash flow hedges:
Amortization and unrealized gains on interest rate agreements, net of tax of $86,664, $36,875 and $17,198	299,851	127,583	56,888
Total other comprehensive income	299,309	127,392	56,994
Total comprehensive income	1,073,707	792,955	658,437
Distribution
Operating revenues	4,031,936	3,238,753	2,624,251
Pipeline and Storage
Operating revenues	169,726	168,737	196,886
Purchased gas cost
Purchased gas cost	1,682,656	1,032,717	658,854
Purchased gas cost \| Distribution
Operating revenues	3,909,893	3,119,194	2,503,681
Operating Segments \| Distribution
Operating revenues	4,035,194	3,241,973	2,626,993
Purchased gas cost	2,210,302	1,501,695	1,071,227
Operation and maintenance expense	518,443	501,209	472,760
Depreciation and amortization expense	387,858	345,481	309,582
Taxes, other than income	314,046	275,074	245,181
Operating income	604,545	618,514	528,243
Other non-operating income (expense)	6,946	(20,694)	(1,265)
Interest charges	49,921	36,629	39,634
Income before income taxes	561,570	561,191	487,344
Income tax expense	39,593	115,329	91,680
Net income	521,977	445,862	395,664
Operating Segments \| Pipeline and Storage
Operating revenues	693,660	637,347	609,339
Purchased gas cost	(1,583)	1,582	1,548
Operation and maintenance expense	192,847	179,080	158,115
Depreciation and amortization expense	147,797	132,496	120,246
Taxes, other than income	38,162	37,705	33,574
Operating income	316,437	286,484	295,856
Other non-operating income (expense)	26,791	18,549	8,436
Interest charges	52,890	46,925	44,840
Income before income taxes	290,338	258,108	259,452
Income tax expense	37,917	38,407	53,673
Net income	252,421	219,701	205,779
Operating Segments \| Purchased gas cost \| Distribution
Purchased gas cost	2,210,302	1,501,695	1,071,227
Operating Segments \| Purchased gas cost \| Pipeline and Storage
Purchased gas cost	(1,583)	1,582	1,548
Eliminations
Operating revenues	(527,192)	(471,830)	(415,195)
Purchased gas cost	(526,063)	(470,560)	(413,921)
Operation and maintenance expense	(1,129)	(1,270)	(1,274)
Depreciation and amortization expense	0	0	0
Taxes, other than income	0	0	0
Operating income	0	0	0
Other non-operating income (expense)	0	0	0
Interest charges	0	0	0
Income before income taxes	0	0	0
Income tax expense	0	0	0
Net income	0	0	0
Eliminations \| Distribution
Operating revenues	3,258	3,220	2,742
Eliminations \| Pipeline and Storage
Operating revenues	523,934	468,610	412,453
Eliminations \| Purchased gas cost
Purchased gas cost	$ (526,063)	$ (470,560)	$ (413,921)

ATO Balance Sheet

2022-09-30

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
ASSETS
Property, plant and equipment	$ 19,402,271	$ 17,258,547
Construction in progress	835,868	626,551
Total property, plant and equipment and construction in progress	20,238,139	17,885,098
Less accumulated depreciation and amortization	2,997,900	2,821,128
Net property, plant and equipment	17,240,239	15,063,970
Current assets
Cash and cash equivalents	51,554	116,723
Accounts receivable, less allowance for uncollectible accounts of $49,993 in 2022 and $64,471 in 2021	363,708	342,967
Gas stored underground	357,941	178,116
Other current assets (See Note 9)	2,274,490	2,200,909
Total current assets	3,047,693	2,838,715
Goodwill	731,257	731,257
Deferred charges and other assets (See Note 9)	1,173,800	974,720
Total assets	22,192,989	19,608,662
Shareholders’ equity
Common stock, no par value (stated at $0.005 per share); 200,000,000 shares authorized; issued and outstanding: 2022 — 140,896,598 shares; 2021 — 132,419,754 shares	704	662
Additional paid-in capital	5,838,118	5,023,751
Accumulated other comprehensive income	369,112	69,803
Retained earnings	3,211,157	2,812,673
Shareholders’ equity	9,419,091	7,906,889
Long-term debt	5,760,647	4,930,205
Total capitalization	15,179,738	12,837,094
Commitments and contingencies (See Note 13)
Current liabilities
Accounts payable and accrued liabilities	496,019	423,222
Other current liabilities	720,157	686,681
Short-term debt	184,967	0
Current maturities of long-term debt	2,201,457	2,400,452
Total current liabilities	3,602,600	3,510,355
Deferred income taxes	1,999,505	1,705,809
Regulatory excess deferred taxes (See Note 14)	385,213	549,227
Regulatory cost of removal obligation	487,631	468,688
Deferred credits and other liabilities	538,302	537,489
Total shareholders' equity and liabilities	$ 22,192,989	$ 19,608,662