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Mar 31, 2022

Atmos Q2 2022 Earnings Report

Atmos Energy reported consolidated results for its second fiscal quarter ended March 31, 2022.

Key Takeaways

Atmos Energy Corporation reported a net income of $325.0 million for the second fiscal quarter, with earnings per diluted share at $2.37. The company is tightening its fiscal 2022 guidance, expecting earnings per diluted share to be in the adjusted range of $5.50 to $5.60, and capital expenditures are expected to be in the range of $2.4 billion to $2.5 billion in fiscal 2022.

Earnings per diluted share was $2.37 for the second fiscal quarter.

Consolidated net income was $325.0 million for the second fiscal quarter.

Consolidated operating income increased $3.3 million to $385.1 million.

Company expects earnings per diluted share for fiscal 2022 to be in the adjusted range of $5.50 to $5.60.

Total Revenue
$1.65B
Previous year: $1.32B
+25.1%
EPS
$2.37
Previous year: $2.3
+3.0%
Distribution Meters
3.42M
Previous year: 3.38M
+1.3%
Avg Cost of Gas
$6.99
Previous year: $4.75
+47.2%
Gross Profit
$615M
Previous year: $589M
+4.4%
Cash and Equivalents
$582M
Previous year: $865M
-32.7%
Total Assets
$21.3B
Previous year: $19.4B
+9.6%

Atmos

Atmos

Atmos Revenue by Segment

Forward Guidance

Earnings per diluted share for fiscal 2022 is expected to be in the adjusted range of $5.50 to $5.60. Capital expenditures are expected to be in the range of $2.4 billion to $2.5 billion in fiscal 2022.

Positive Outlook

  • Earnings per diluted share for fiscal 2022 is expected to be in the adjusted range of $5.50 to $5.60.
  • Capital expenditures are expected to be in the range of $2.4 billion to $2.5 billion in fiscal 2022.

Revenue & Expenses

Visualization of income flow from segment revenue to net income