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Atmos Energy Q1 Earnings Beat Estimates, Revenues Rise Y/Y
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Atmos Energy (ATO - Free Report) posted first-quarter fiscal 2025 earnings of $2.23 per share, which surpassed the Zacks Consensus Estimate of $2.20 by 1.4%. The bottom line also improved 7.2% from the year-ago quarter’s $2.08.
Total revenues of $1.18 billion lagged the Zacks Consensus Estimate of $1.40 billion by 16.2%. However, the top line increased 1.7% from the year-ago quarter’s reported number of $1.16 billion.
Atmos Energy Corporation Price, Consensus and EPS Surprise
Distribution: Revenues totaled $1.109 billion, highlighting a 0.4% increase from $1.105 billion in the year-ago quarter.
Pipeline and Storage: Revenues amounted to $255.4 million, reflecting a 20.9% increase from $211.2 million reported in the year-ago quarter.
Highlights of ATO’s Q1 Release
Operation and maintenance expenses amounted to $207 million, up 24.5% from the year-ago quarter’s level.
Operating income totaled $459.5 million, up 15.1% from the year-ago quarter’s figure.
Atmos Energy incurred interest expenses of $52.9 million, up 2% from the year-earlier quarter’s level.
The company reported 109.6 million cubic feet of consolidated distribution throughput for the quarter, down 11.1% from the year-ago quarter’s reported actuals.
ATO’s Financial Highlights
As of Dec. 31, 2024, Atmos Energy reported a strong balance sheet with available liquidity of approximately $5.2 billion.
As of Dec. 31, 2024, ATO had cash and cash equivalents of $584.5 million compared with $307.3 million as of Sept. 30, 2024.
Net cash flow provided by operating activities in the first three months of fiscal 2025 was $282 million compared with $245.3 million in the year-ago period.
In the first three months of fiscal 2025, the company invested nearly $891.2 million, with 86% of the amount allocated for improving the safety and reliability of its distribution and transportation systems.
ATO’s Guidance
Atmos Energy reaffirmed its fiscal 2025 earnings in the range of $7.05-$7.25 per share. The Zacks Consensus Estimate is pegged at $7.18 per share, higher than the midpoint of the company’s guided range.
Total net income is expected to be in the range of $1.12-$1.15 billion.
ATO also anticipates its fiscal 2025 capital expenditure to be $3.7 billion.
MDU Resources Group (MDU - Free Report) is slated to report fourth-quarter 2024 results on Feb. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share.
MDU’s long-term (three to five years) earnings growth rate is 6.82%. It delivered an average earnings surprise of 3.2% in the past four quarters.
ONE Gas, Inc. (OGS - Free Report) is slated to report fourth-quarter 2024 results on Feb. 19, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.33 per share.
OGS’ long-term earnings growth rate is 4.66%. The Zacks Consensus Estimate for fourth-quarter sales is pinned at $660.94 million.
Alliant Energy (LNT - Free Report) is slated to report fourth-quarter results on Feb. 20, after market close. The Zacks Consensus Estimate for earnings is pegged at 68 cents per share.
LNT’s long-term earnings growth rate is 6.75%. The Zacks Consensus Estimate for fourth-quarter sales is pinned at $1.20 billion.
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Atmos Energy Q1 Earnings Beat Estimates, Revenues Rise Y/Y
Atmos Energy (ATO - Free Report) posted first-quarter fiscal 2025 earnings of $2.23 per share, which surpassed the Zacks Consensus Estimate of $2.20 by 1.4%. The bottom line also improved 7.2% from the year-ago quarter’s $2.08.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
ATO’s Revenues
Total revenues of $1.18 billion lagged the Zacks Consensus Estimate of $1.40 billion by 16.2%. However, the top line increased 1.7% from the year-ago quarter’s reported number of $1.16 billion.
Atmos Energy Corporation Price, Consensus and EPS Surprise
Atmos Energy Corporation price-consensus-eps-surprise-chart | Atmos Energy Corporation Quote
ATO’s Segmental Revenues
Distribution: Revenues totaled $1.109 billion, highlighting a 0.4% increase from $1.105 billion in the year-ago quarter.
Pipeline and Storage: Revenues amounted to $255.4 million, reflecting a 20.9% increase from $211.2 million reported in the year-ago quarter.
Highlights of ATO’s Q1 Release
Operation and maintenance expenses amounted to $207 million, up 24.5% from the year-ago quarter’s level.
Operating income totaled $459.5 million, up 15.1% from the year-ago quarter’s figure.
Atmos Energy incurred interest expenses of $52.9 million, up 2% from the year-earlier quarter’s level.
The company reported 109.6 million cubic feet of consolidated distribution throughput for the quarter, down 11.1% from the year-ago quarter’s reported actuals.
ATO’s Financial Highlights
As of Dec. 31, 2024, Atmos Energy reported a strong balance sheet with available liquidity of approximately $5.2 billion.
As of Dec. 31, 2024, ATO had cash and cash equivalents of $584.5 million compared with $307.3 million as of Sept. 30, 2024.
Net cash flow provided by operating activities in the first three months of fiscal 2025 was $282 million compared with $245.3 million in the year-ago period.
In the first three months of fiscal 2025, the company invested nearly $891.2 million, with 86% of the amount allocated for improving the safety and reliability of its distribution and transportation systems.
ATO’s Guidance
Atmos Energy reaffirmed its fiscal 2025 earnings in the range of $7.05-$7.25 per share. The Zacks Consensus Estimate is pegged at $7.18 per share, higher than the midpoint of the company’s guided range.
Total net income is expected to be in the range of $1.12-$1.15 billion.
ATO also anticipates its fiscal 2025 capital expenditure to be $3.7 billion.
ATO’s Zacks Rank
The company currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Releases
MDU Resources Group (MDU - Free Report) is slated to report fourth-quarter 2024 results on Feb. 6, before market open. The Zacks Consensus Estimate for earnings is pegged at 38 cents per share.
MDU’s long-term (three to five years) earnings growth rate is 6.82%. It delivered an average earnings surprise of 3.2% in the past four quarters.
ONE Gas, Inc. (OGS - Free Report) is slated to report fourth-quarter 2024 results on Feb. 19, after market close. The Zacks Consensus Estimate for earnings is pegged at $1.33 per share.
OGS’ long-term earnings growth rate is 4.66%. The Zacks Consensus Estimate for fourth-quarter sales is pinned at $660.94 million.
Alliant Energy (LNT - Free Report) is slated to report fourth-quarter results on Feb. 20, after market close. The Zacks Consensus Estimate for earnings is pegged at 68 cents per share.
LNT’s long-term earnings growth rate is 6.75%. The Zacks Consensus Estimate for fourth-quarter sales is pinned at $1.20 billion.