Atmos Q4 2020 Earnings Report
Key Takeaways
Atmos Energy Corporation reported earnings for fiscal 2020 with an EPS of $0.53 for the quarter ended September 30, 2020, and a net income of $65.3 million for the same period. The company initiates fiscal 2021 through fiscal 2025 guidance and raises dividend by 8.7 percent.
Earnings per diluted share was $0.53 for the quarter ended September 30, 2020.
Consolidated net income was $65.3 million for the quarter ended September 30, 2020.
Capital expenditures rose 14 percent to $1,935.7 million for the year ended September 30, 2020.
Earnings per diluted share for fiscal 2021 is expected to be in the range of $4.90 to $5.10.
Atmos
Atmos
Atmos Revenue by Segment
Forward Guidance
Earnings per diluted share for fiscal 2021 is expected to be in the range of $4.90 to $5.10. Capital expenditures are expected to be in the range of $2.0 billion to $2.2 billion in fiscal 2021.
Positive Outlook
- Earnings per diluted share for fiscal 2021 is expected to be in the range of $4.90 to $5.10.
- Capital expenditures are expected to be in the range of $2.0 billion to $2.2 billion in fiscal 2021.
- The company's Board of Directors has declared a quarterly dividend of $0.625 per common share.
- The indicated annual dividend for fiscal 2021 is $2.50, which represents an 8.7% increase over fiscal 2020.
- Atmos Energy is modernizing its business and infrastructure while investing in safety, innovation, environmental sustainability, and communities.
Challenges Ahead
- Regulatory trends and decisions could pose risks.
- The company's ability to access credit and capital markets may face challenges.
- Increased federal regulatory oversight and potential penalties could arise.
- Possible increased federal, state, and local regulation of the safety of operations.
- The outbreak of COVID-19 and its impact on business and economic conditions.
Revenue & Expenses
Visualization of income flow from segment revenue to net income