Atmos Energy Earnings Call Transcripts
Fiscal Year 2026
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The meeting confirmed a quorum and presented eight proposals, including board elections and amendments to the articles of incorporation. All board nominees and proposals were approved by the required majorities, with amendments passing by over two-thirds of outstanding shares.
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First quarter net income rose 9.4% year-over-year to $403 million, with strong customer growth and high satisfaction. Capital spending exceeded $1 billion, and fiscal 2026 EPS guidance remains $8.15-$8.35 per share. Liquidity and equity capitalization remain robust.
Fiscal Year 2025
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Fiscal 2025 saw EPS of $7.46 and strong customer growth, with a five-year $26B capital plan focused on safety, reliability, and Texas expansion. EPS guidance for 2026 is $8.15–$8.35, with 6%-8% annual growth targeted and a 15% dividend increase, supported by accelerated capital recovery from Texas legislation.
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Year-to-date net income reached $1 billion with EPS up to $6.40, and FY25 guidance raised to $7.35-$7.45. Strong customer and industrial growth, new Texas legislation, and robust capital spending drive results, with a 6%-8% annual EPS growth outlook.
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Net income and EPS rose strongly year-over-year, driven by robust customer and industrial growth, especially in Texas. EPS guidance was raised to $7.20–$7.30, with major infrastructure projects and regulatory progress supporting future growth.
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First quarter net income rose 7.2% year-over-year to $352 million, with strong customer and industrial growth, robust capital spending, and a positive earnings outlook for fiscal 2025. Liquidity remains strong, and regulatory filings are expected to drive further income increases.
Fiscal Year 2024
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Fiscal 2024 EPS grew 12% year-over-year, driven by strong customer and industrial growth, with $2.9B in capital spending and robust liquidity. The five-year plan targets $24B in investment, 6%-8% annual EPS growth, and a rate base doubling by 2029.
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EPS rose to $6 YTD, driven by regulatory outcomes, customer growth, and strong APT revenues. Fiscal 2024 EPS is expected at the high end of $6.70–$6.80, with 6%-8% growth targeted through 2028. Equity and liquidity positions remain strong.