Atmos Energy Corporation Website

Atmos Energy Corporation

NYSE-ATO

Company Overview

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.

  • Name

    Atmos Energy Corporation

  • CEO

    John Kevin Akers

  • Website

    www.atmosenergy.com

  • Sector

    Gas Utilities

  • Year Founded

    1906

Company Statistics

Profile

  • Market Cap

    —

  • EV

    —

  • Shares Out

    —

  • Revenue

    —

  • Employees

    —

Margins

  • Gross

    —

  • EBITDA

    —

  • Operating

    —

  • Pre-Tax

    —

  • Net

    —

  • FCF

    —

Returns (5Yr Avg)

  • ROA

    —

  • ROTA

    —

  • ROE

    —

  • ROCE

    —

  • ROIC

    —

Valuation (TTM)

  • P/E

    —

  • P/B

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

  • EV/Gross Profit

    —

Valuation (NTM)

  • Price Target

    —

  • P/E

    —

  • PEG

    —

  • EV/Sales

    —

  • EV/EBITDA

    —

  • P/FCF

    —

Financial Health

  • Cash

    —

  • Net Debt

    —

  • Debt/Equity

    —

  • EBIT/Interest

    —

Growth (CAGR)

  • Rev 3Yr

    —

  • Rev 5Yr

    —

  • Rev 10Yr

    —

  • Dil EPS 3Yr

    —

  • Dil EPS 5Yr

    —

  • Dil EPS 10Yr

    —

  • Rev Fwd 2Yr

    —

  • EBITDA Fwd 2Yr

    —

  • EPS Fwd 2Yr

    —

  • EPS LT Growth Est

    —

Dividends

  • Yield

    —

  • Payout

    —

  • DPS

    —

  • DPS Growth 3Yr

    —

  • DPS Growth 5Yr

    —

  • DPS Growth 10Yr

    —

  • DPS Growth Fwd 2Yr

    —

Bulls Say

  • Constructive regulation allows Atmos to adjust customer rates within six months for 90% of capital investments. This reduces regulatory lag and, combined with customer growth, allows Atmos to earn returns at or above allowed returns.

  • Atmos' regulated utilities operations are distributed across numerous states and several jurisdictions in Texas, insulating profitability from individual negative regulatory decisions.

  • Atmos has consistently increased its dividend for 42 straight years. We forecast approximately 8% annual increases over the next five years.

Bears Say

  • Dividend-paying stocks like Atmos are sensitive to interest rates. As interest rates go up, dividend-paying stocks often underperform the broader market.

  • While Atmos has strong near-term growth supported by regulators, long-term growth could slow as policymakers look to transition away from natural gas.

  • Atmos has been able to increase its capital expenditures without a significant impact on customer rates due to low natural gas prices and customer growth. If customer growth slows and/or natural gas prices increase, Atmos might need to slow its investments.

Source: Morningstar Analysis - Nov 19, 2025

What's happening

Nov 12, 2025 - Dec 12, 2025

Atmos Energy Corp Faces Headwinds Amid Market Volatility

  • Analyst upgrades provided brief optimism but failed to sustain momentum.
  • Rising interest rates and inflation concerns weigh heavily on investor sentiment.
  • Despite challenges, ATO outperformed the Utilities sector significantly.

Over the past month, Atmos Energy Corp (ATO) experienced a decline of 6.6%, which represents an underperformance of 7.3% relative to the S&P 500's return of 0.7%. This significant disparity underscores ATO's struggle to maintain investor confidence amid broader market trends and reflects various pressures that contributed to its negative trajectory despite some bullish sentiments from analysts.

On November 20th, Morgan Stanley analyst Stephen Byrd raised ATO's price target from $181.00 to $182.00 while maintaining an Overweight rating on the stock. This adjustment briefly lifted sentiment, resulting in a daily gain of 1.1%. However, this momentary positivity did little to counteract the overall downward trend observed throughout the month as macroeconomic factors continued influencing investor perceptions negatively.

The bearish sentiment surrounding ATO was largely driven by rising interest rates and persistent inflation concerns affecting utility stocks like ATO. These economic headwinds prompted many investors to reassess their positions regarding potential future earnings growth in light of these uncertainties.

Despite facing numerous challenges, it is noteworthy that Atmos Energy Corp outperformed the Utilities (XLU) sector by 45.4% during this period; however, this performance must be contextualized against its substantial drop compared with broader market indices such as the S&P 500. Investors appeared cautious about committing further capital into ATO given its recent performance metrics alongside external economic conditions impacting utilities at large.

Atmos Energy Corp outperformed the Utilities (XLU) sector by 45.4%.

NYSE:ATO