(ATO) Atmos Energy - Overview

Sector: Utilities | Industry: Utilities - Regulated Gas | Exchange: NYSE (USA) | Market Cap: 30.401m USD | Total Return: 12.8% in 12m

Natural Gas, Pipelines, Gas Storage, Utility Services
Total Rating 45
Safety 59
Buy Signal -1.06
Utilities - Regulated Gas
Industry Rotation: +0.8
Market Cap: 30.4B
Avg Turnover: 156M
Risk 3d forecast
Volatility17.4%
VaR 5th Pctl3.14%
VaR vs Median9.34%
Reward TTM
Sharpe Ratio0.75
Rel. Str. IBD43.8
Rel. Str. Peer Group30
Character TTM
Beta-0.037
Beta Downside-0.114
Hurst Exponent0.507
Drawdowns 3y
Max DD16.87%
CAGR/Max DD1.04
CAGR/Mean DD4.57
EPS (Earnings per Share) EPS (Earnings per Share) of ATO over the last years for every Quarter: "2021-03": 2.3, "2021-06": 0.78, "2021-09": 0.37, "2021-12": 1.86, "2022-03": 2.37, "2022-06": 0.92, "2022-09": 0.51, "2022-12": 1.91, "2023-03": 2.48, "2023-06": 0.94, "2023-09": 0.8, "2023-12": 2.08, "2024-03": 2.85, "2024-06": 1.08, "2024-09": 0.83, "2024-12": 2.23, "2025-03": 3.03, "2025-06": 1.16, "2025-09": 1.07, "2025-12": 2.44, "2026-03": 3.47,
EPS CAGR: 42.48%
EPS Trend: 44.1%
Last SUE: 0.71
Qual. Beats: 0
Revenue Revenue of ATO over the last years for every Quarter: 2021-03: 1319.073, 2021-06: 605.553, 2021-09: 568.384, 2021-12: 1012.786, 2022-03: 1649.819, 2022-06: 816.429, 2022-09: 722.628, 2022-12: 1484.009, 2023-03: 1540.973, 2023-06: 662.733, 2023-09: 587.642, 2023-12: 1158.467, 2024-03: 1647.227, 2024-06: 701.549, 2024-09: 657.944, 2024-12: 1175.999, 2025-03: 1950.502, 2025-06: 838.774, 2025-09: 737.48, 2025-12: 1342.585, 2026-03: 1962.402,
Rev. CAGR: 26.35%
Rev. Trend: 27.3%
Last SUE: 0.12
Qual. Beats: 0

Warnings

High Debt while negative Cash Flow

Tailwinds

No distinct edge detected

Description: ATO Atmos Energy

Atmos Energy Corporation (ATO) is a Dallas-based energy company focused on regulated natural gas distribution and pipeline management across eight states. The company operates through two primary segments: Distribution, serving approximately 3.4 million customers via an extensive underground network, and Pipeline and Storage, which manages infrastructure and storage facilities primarily in Texas.

As a regulated utility, Atmos Energy operates under a cost-of-service model where rates are set by state commissions, providing a predictable revenue stream linked to infrastructure investment. The gas utility sector typically benefits from high barriers to entry due to the capital-intensive nature of maintaining thousands of miles of transmission mains and storage assets. Further analysis of the companys valuation metrics on ValueRay can help determine how these regulated assets align with current market pricing. Atmos Energy maintains a significant footprint in the Mid-Continent and Southeastern United States, leveraging its 1906 founding history to support long-term regional energy demand.

Headlines to Watch Out For
  • Rate-base investment and infrastructure modernization drive consistent regulated earnings growth
  • Texas regulatory environment enables timely recovery of capital expenditures through annual filings
  • Population growth in core service territories expands natural gas customer base
  • Interest rate fluctuations impact financing costs for capital-intensive utility infrastructure projects
  • Natural gas price volatility influences customer bills and industrial consumption volumes
Piotroski VR‑10 (Strict) 5.0
Net Income: 1.35b TTM > 0 and > 6% of Revenue
FCF/TA: -0.07 > 0.02 and ΔFCF/TA -1.72 > 1.0
NWC/Revenue: 0.07% < 20% (prev 8.76%; Δ -8.68% < -1%)
CFO/TA 0.06 > 3% & CFO 1.88b > Net Income 1.35b
Net Debt (9.50b) to EBITDA (2.55b): 3.72 < 3
Current Ratio: 1.00 > 1.5 & < 3
Outstanding Shares: last quarter (167.8m) vs 12m ago 4.60% < -2%
Gross Margin: 51.43% > 18% (prev 0.58%; Δ 5.08k% > 0.5%)
Asset Turnover: 17.02% > 50% (prev 16.63%; Δ 0.39% > 0%)
Interest Coverage Ratio: 12.92 > 6 (EBITDA TTM 2.55b / Interest Expense TTM 138.7m)
Altman Z'' 1.42
A: 0.00 (Total Current Assets 1.26b - Total Current Liabilities 1.26b) / Total Assets 30.38b
B: 0.18 (Retained Earnings 5.52b / Total Assets 30.38b)
C: 0.06 (EBIT TTM 1.79b / Avg Total Assets 28.68b)
D: 0.39 (Book Value of Equity 5.98b / Total Liabilities 15.47b)
Altman-Z'' Score: 1.42 = BB
Beneish M -2.93
DSRI: 0.90 (Receivables 644.6m/660.6m, Revenue 4.88b/4.49b)
GMI: 1.13 (GM 51.43% / 58.16%)
AQI: 1.04 (AQ_t 0.07 / AQ_t-1 0.07)
SGI: 1.09 (Revenue 4.88b / 4.49b)
TATA: -0.02 (NI 1.35b - CFO 1.88b) / TA 30.38b)
Beneish M-Score: -2.93 (Cap -4..+1) = A
What is the price of ATO shares? As of May 18, 2026, the stock is trading at USD 176.48 with a total of 1,584,636 shares traded.
Over the past week, the price has changed by -2.43%, over one month by -5.39%, over three months by -1.54% and over the past year by +12.77%.
Is ATO a buy, sell or hold? Atmos Energy has received a consensus analysts rating of 3.60. Therefor, it is recommend to hold ATO.
  • StrongBuy: 4
  • Buy: 2
  • Hold: 8
  • Sell: 1
  • StrongSell: 0
What are the forecasts/targets for the ATO price?
Analysts Target Price 190.3 7.8%
Atmos Energy (ATO) - Fundamental Data Overview as of 14 May 2026
P/E Trailing = 22.4298
P/E Forward = 22.0264
P/S = 6.2282
P/B = 2.0251
P/EG = 2.1585
Revenue TTM = 4.88b USD
EBIT TTM = 1.79b USD
EBITDA TTM = 2.55b USD
Long Term Debt = 8.98b USD (from longTermDebt, last fiscal year)
Short Term Debt = 11.3m USD (from shortTermDebt, last quarter)
Debt = 9.63b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.50b USD (from netDebt column, last quarter)
Enterprise Value = 39.90b USD (30.40b + Debt 9.63b - CCE 127.1m)
Interest Coverage Ratio = 12.92 (Ebit TTM 1.79b / Interest Expense TTM 138.7m)
EV/FCF = -20.04x (Enterprise Value 39.90b / FCF TTM -1.99b)
FCF Yield = -4.99% (FCF TTM -1.99b / Enterprise Value 39.90b)
FCF Margin = -40.80% (FCF TTM -1.99b / Revenue TTM 4.88b)
Net Margin = 27.58% (Net Income TTM 1.35b / Revenue TTM 4.88b)
Gross Margin = 51.43% ((Revenue TTM 4.88b - Cost of Revenue TTM 2.37b) / Revenue TTM)
Gross Margin QoQ = 46.05% (prev 60.84%)
Tobins Q-Ratio = 1.31 (Enterprise Value 39.90b / Total Assets 30.38b)
Interest Expense / Debt = 0.44% (Interest Expense 42.6m / Debt 9.63b)
Taxrate = 20.68% (151.7m / 733.6m)
NOPAT = 1.42b (EBIT 1.79b * (1 - 20.68%))
Current Ratio = 1.00 (Total Current Assets 1.26b / Total Current Liabilities 1.26b)
Debt / Equity = 0.65 (Debt 9.63b / totalStockholderEquity, last quarter 14.91b)
Debt / EBITDA = 3.72 (Net Debt 9.50b / EBITDA 2.55b)
 Debt / FCF = -4.77 (negative FCF - burning cash) (Net Debt 9.50b / FCF TTM -1.99b)
 Total Stockholder Equity = 14.03b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.69% (Net Income 1.35b / Total Assets 30.38b)
RoE = 9.59% (Net Income TTM 1.35b / Total Stockholder Equity 14.03b)
RoCE = 7.79% (EBIT 1.79b / Capital Employed (Equity 14.03b + L.T.Debt 8.98b))
RoIC = 6.19% (NOPAT 1.42b / Invested Capital 22.95b)
WACC = 4.53% (E(30.40b)/V(40.03b) * Re(5.85%) + D(9.63b)/V(40.03b) * Rd(0.44%) * (1-Tc(0.21)))
Discount Rate = 5.85% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares (quarterly) Correlation: 91.11 | Cagr: 5.18%
 [DCF] Fair Price = unknown (Cash Flow -1.99b)
 EPS Correlation: 44.10 | EPS CAGR: 42.48% | SUE: 0.71 | # QB: 0
Revenue Correlation: 27.34 | Revenue CAGR: 26.35% | SUE: 0.12 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.37 | Chg30d=+1.07% | Revisions=+14% | Analysts=7
EPS current Year (2026-09-30): EPS=8.33 | Chg30d=+0.67% | Revisions=+33% | GrowthEPS=+11.7% | GrowthRev=+11.7%
EPS next Year (2027-09-30): EPS=8.88 | Chg30d=+0.57% | Revisions=+60% | GrowthEPS=+6.6% | GrowthRev=+11.5%
[Analyst] Revisions Ratio: +60%