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Atmos
🇺🇸 NYSE:ATO
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Sep 30, 2023

Atmos Q4 2023 Earnings Report

Atmos Energy reported earnings for Q4 2023 and initiated fiscal 2024 guidance, also raised dividend.

Key Takeaways

Atmos Energy Corporation reported its Q4 2023 earnings with an EPS of $0.80 and a net income of $118.5 million. The company initiated fiscal 2024 guidance with earnings per diluted share expected to be in the range of $6.45 to $6.65 and capital expenditures expected to approximate $2.9 billion. The Board of Directors has declared a quarterly dividend of $0.805 per common share.

Earnings per diluted share was $0.80 for the fourth fiscal quarter.

Consolidated net income was $118.5 million for the fourth fiscal quarter.

Capital expenditures totaled $2.8 billion for the year ended September 30, 2023.

Earnings per diluted share for fiscal 2024 is expected to be in the range of $6.45 to $6.65.

Total Revenue
$588M
Previous year: $723M
-18.7%
EPS
$0.8
Previous year: $0.51
+56.9%
Distribution Meters
3.49M
Previous year: 3.44M
+1.3%
Avg Cost of Gas
$5.39
Previous year: $9.26
-41.8%
Gross Profit
$394M
Previous year: $532M
-25.8%
Cash and Equivalents
$19.2M
Previous year: $51.6M
-62.7%
Free Cash Flow
-$484M
Total Assets
$22.5B
Previous year: $22.2B
+1.5%

Atmos

Atmos

Atmos Revenue by Segment

Forward Guidance

Earnings per diluted share for fiscal 2024 is expected to be in the range of $6.45 to $6.65 per diluted share. Capital expenditures are expected to approximate $2.9 billion in fiscal 2024.

Positive Outlook

  • Earnings per diluted share for fiscal 2024 is expected to be in the range of $6.45 to $6.65 per diluted share.
  • The company's Board of Directors has declared a quarterly dividend of $0.805 per common share.
  • The indicated annual dividend for fiscal 2024 is $3.22, which represents an 8.8% increase over fiscal 2023.
  • Capital expenditures are expected to approximate $2.9 billion in fiscal 2024.
  • Executing our proven strategy of operating safely and reliably while we modernize our natural gas distribution, transmission, and storage systems

Challenges Ahead

  • regulatory trends and decisions
  • the company’s ability to continue to access the credit and capital markets
  • federal, state and local regulatory and political trends and decisions, including the impact of rate proceedings before various state regulatory commissions
  • increased federal regulatory oversight and potential penalties
  • possible increased federal, state and local regulation of the safety of our operations

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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