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Jun 30, 2020

Atmos Q3 2020 Earnings Report

Atmos Energy reported consolidated results for its third fiscal quarter ended June 30, 2020.

Key Takeaways

Atmos Energy Corporation reported a net income of $117.8 million, or $0.96 per diluted share, for the third fiscal quarter ended June 30, 2020. Adjusted net income was $96.8 million, or $0.79 per diluted share, excluding a $21.0 million one-time tax benefit.

Earnings per diluted share were $0.96 for the third fiscal quarter.

Consolidated net income was $117.8 million for the third fiscal quarter.

Adjusted diluted earnings per share were $0.79 for the third fiscal quarter, excluding a one-time tax benefit.

Consolidated operating income increased $16.8 million to $139.0 million.

Total Revenue
$493M
Previous year: $486M
+1.5%
EPS
$0.79
Previous year: $0.68
+16.2%
Distribution Meters
3.32M
Previous year: 3.28M
+1.1%
Avg Cost of Gas
$3.24
Previous year: $3.35
-3.3%
Gross Profit
$317M
Previous year: $454M
-30.1%
Cash and Equivalents
$208M
Previous year: $46.2M
+350.7%
Total Assets
$14.9B
Previous year: $12.9B
+15.4%

Atmos

Atmos

Atmos Revenue by Segment

Forward Guidance

Adjusted earnings per diluted share for fiscal 2020 is expected to be in the previously announced range of $4.58 to $4.73. Capital expenditures are expected to be in the range of $1.85 billion to $1.95 billion in fiscal 2020.

Revenue & Expenses

Visualization of income flow from segment revenue to net income