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Atmos Energy Gears Up to Report Q2 Earnings: Here's What to Expect

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Key Takeaways

  • Customer growth and expanding footprint likely supported ATO's fiscal Q2 earnings outlook.
  • New rates, regulatory mechanisms and higher distribution revenues are expected to aid ATO results.
  • Higher operation and maintenance expenses may have offset some gains for ATO in fiscal Q2.

Atmos Energy Corporation (ATO - Free Report) is scheduled to release second-quarter fiscal 2026 results on May 6, after market close. In the last reported quarter, the company delivered an earnings surprise of 1.24%.

Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.

Key Factors That May Have Influenced ATO’s Q2 Earnings

Atmos Energy’s fiscal second-quarter earnings are likely to have benefited from strong demand from its 3.4 million customers, along with its diversified and expanding jurisdictional footprint.

Investments aimed at modernizing transmission and distribution infrastructure may have boosted system reliability, enhanced service quality and contributed to Atmos Energy’s bottom line in the quarter to be reported.

New rate implementations and constructive regulatory mechanisms across ATO’s service regions are likely to have strengthened its bottom-line performance. Higher distribution revenues also seem to contribute to the company’s quarterly results.

However, higher operation and maintenance expenses may have partially reduced some of the gains in the quarter to be reported.

Fiscal Q2 Expectations for ATO

The Zacks Consensus Estimate for earnings is pegged at $3.36 per share, indicating a year-over-year increase of 10.9%. 

The Zacks Consensus Estimate for revenues is pinned at $2.22 billion, implying a year-over-year improvement of 13.7%.

What Our Quantitative Model Predicts for ATO

Our proven model predicts an earnings beat for Atmos Energy this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.

Atmos Energy Corporation Price and EPS Surprise

Atmos Energy Corporation Price and EPS Surprise

Atmos Energy Corporation price-eps-surprise | Atmos Energy Corporation Quote

Earnings ESP: The company’s Earnings ESP is +0.20%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Zacks Rank: Currently, Atmos Energy carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.

Other Stocks to Consider

Investors may consider the following players from the same sector, as these also have the right combination of elements to post an earnings beat this reporting cycle.

ONE Gas, Inc. (OGS - Free Report) is slated to report its first-quarter 2026 results on May 4, after market close. It has an Earnings ESP of +0.16% and a Zacks Rank of 3 at present.

OGS’ long-term (three to five years) earnings growth rate is 6.23%. The Zacks Consensus Estimate for earnings stands at $2.13 per share, which implies a year-over-year increase of 7.6%.

Duke Energy Corporation (DUK - Free Report) is slated to report its first-quarter 2026 results on May 5, before market open. It has an Earnings ESP of +1.31% and a Zacks Rank of 3 at present.

The Zacks Consensus Estimate for earnings stands at $1.79 per share, which implies a year-over-year rise of 1.7%. The Zacks Consensus Estimate for sales is pegged at $8.40 billion, which calls for a year-over-year improvement of 1.8%.

NiSource Inc. (NI - Free Report) is scheduled to report its first-quarter 2026 results on May 6, before market open. It has an Earnings ESP of +2.34% and a Zacks Rank of 3 at present.

NI’s long-term earnings growth rate is 6.11%. The Zacks Consensus Estimate for earnings stands at $1.03 per share, which suggests a year-over-year rise of 5.1%.

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