ATO Stock Analysis: Atmos Energy | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 29.063m USD | 12M Return: 6.9% | US0495601058 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 171M
EPS Trend: 98.6%
Qual. Beats: 1
Rev. Trend: 91.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Atmos Energy Corporation (NYSE: ATO) is a Dallas-based, large-cap U.S. gas utility founded in 1906 and publicly traded since 1987. It operates in two segments: Distribution, which delivers natural gas to approximately 3.4 million residential, commercial, public authority, and industrial customers across eight states through 76,000 miles of underground distribution and transmission mains; and Pipeline and Storage, which owns 5,700 miles of gas transmission lines and five underground storage facilities in Texas, transporting natural gas for third parties and offering ancillary services such as parking, lending, and inventory sales.
As a regulated gas utility, Atmos earns revenue primarily through rates set by state public utility commissions for its distribution business and by federal regulators for its interstate pipeline and storage operations. This dual-regulated structure typically delivers predictable, recurring cash flows, with growth driven largely by capital investment in rate base that is recovered over time through customer tariffs.
- Texas rate case approval expands Distribution segment earnings base
- Pipeline and Storage revenue grows on third-party gas transportation contracts
- Customer additions and cold winters boost residential gas distribution volumes
| Net Income: 1.40b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.10 > 0.02 and ΔFCF/TA -4.62 > 1.0 |
| NWC/Revenue: -6.98% < 20% (prev 9.12%; Δ -16.10% < -1%) |
| CFO/TA 0.10 > 3% & CFO 3.05b > Net Income 1.40b |
| Net Debt (10.0b) to EBITDA (2.65b): 3.79 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (169.4m) vs 12m ago 5.09% < -2% |
| Gross Margin: 61.04% > 18% (prev 53.93%; Δ 7.12% > 0.5%) |
| Asset Turnover: 16.60% > 50% (prev 16.68%; Δ -0.08% > 0%) |
| Interest Coverage Ratio: 13.83 > 6 (EBIT TTM 1.87b / Interest Expense TTM 135.4m) |
| A: -0.01 (Total Current Assets 1.50b - Total Current Liabilities 1.84b) / Total Assets 31.6b |
| B: 0.18 (Retained Earnings 5.59b / Total Assets 31.6b) |
| C: 0.06 (EBIT TTM 1.87b / Avg Total Assets 29.6b) |
| D: 0.93 (Book Value of Equity 15.3b / Total Liabilities 16.3b) |
| Altman-Z'' = 1.91 = BBB |
| DSRI: 1.10 (Receivables 469.5m/399.5m, Revenue 4.92b/4.62b) |
| GMI: 0.88 (GM 53.93% / 61.04%) |
| AQI: 1.02 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 1.06 (Revenue 4.92b / 4.62b) |
| TATA: -0.05 (NI 1.40b - CFO 3.05b) / TA 31.6b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of August 09, 2026, the stock is trading at USD 170.19 with a total of 599,953 shares traded. Over the past week, the price has changed by -1.50%, over one month by -4.16%, over three months by -5.89% and over the past year by +6.93%.
Current recommended Stop Loss: 162.70 (which is 4.4% or 2.4 ATR below the current price).
Atmos Energy has received a consensus analysts rating of 3.60. Therefore, it is recommended to hold ATO.
- StrongBuy: 4
- Buy: 2
- Hold: 8
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 188.9 | 11% |
P/E Trailing = 20.5227
P/E Forward = 19.305
P/S = 5.9539
P/B = 1.933
P/EG = 2.0821
Revenue TTM = 4.92b USD
EBIT TTM = 1.87b USD
EBITDA TTM = 2.65b USD
Long Term Debt = 8.98b USD (from longTermDebt, last fiscal year)
Short Term Debt = 511.4m USD (from shortTermDebt, last quarter)
Debt = 10.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 307.6m
Net Debt = 10.0b USD (calculated: Debt 10.6b - CCE 525.8m)
Enterprise Value = 39.1b USD (29.1b + Debt 10.6b - CCE 525.8m)
Interest Coverage Ratio = 13.83 (Ebit TTM 1.87b / Interest Expense TTM 135.4m)
EV/FCF = -12.92x (Enterprise Value 39.1b / FCF TTM -3.03b)
FCF Yield = -7.74% (FCF TTM -3.03b / Enterprise Value 39.1b)
FCF Margin = -61.48% (FCF TTM -3.03b / Revenue TTM 4.92b)
Net Margin = 28.50% (Net Income TTM 1.40b / Revenue TTM 4.92b)
Gross Margin = 61.04% ((Revenue TTM 4.92b - Cost of Revenue TTM 1.92b) / Revenue TTM)
Gross Margin QoQ = none% (prev 46.05%)
Tobins Q-Ratio = 1.24 (Enterprise Value 39.1b / Total Assets 31.6b)
Interest Expense / Debt = 1.28% (Interest Expense 135.4m / Debt 10.6b)
Taxrate = 20.02% (351.1m / 1.75b)
NOPAT = 1.50b (EBIT 1.87b * (1 - 20.02%))
Current Ratio = 0.81 (Total Current Assets 1.50b / Total Current Liabilities 1.84b)
Debt / Equity = 0.69 (Debt 10.6b / totalStockholderEquity, last quarter 15.3b)
Debt / EBITDA = 3.79 (Net Debt 10.0b / EBITDA 2.65b)
Debt / FCF = -3.32 (negative FCF - burning cash) (Net Debt 10.0b / FCF TTM -3.03b)
Total Stockholder Equity = 14.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.73% (Net Income 1.40b / Total Assets 31.6b)
RoE = 9.67% (Net Income TTM 1.40b / Total Stockholder Equity 14.5b)
RoCE = 7.98% (EBIT 1.87b / Capital Employed (Equity 14.5b + L.T.Debt 8.98b))
RoIC = 4.99% (NOPAT 1.50b / Invested Capital 30.0b)
WACC = 4.34% (E(29.1b)/V(39.6b) * Re(5.55%) + D(10.6b)/V(39.6b) * Rd(1.28%) * (1-Tc(0.20)))
Discount Rate = 5.55% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.03 | Cagr: 5.14%
[DCF] Fair Price = unknown (Cash Flow -3.03b)
EPS Correlation: 98.57 | EPS CAGR: 11.01% | SUE: 1.87 | # QB: 1
Revenue Correlation: 91.52 | Revenue CAGR: 8.46% | SUE: -0.17 | # QB: 0
EPS current Year (2026-09-30): EPS=8.44 | Chg30d=+0.15% | Revisions=+57% | GrowthEPS=+13.2% | GrowthRev=+10.0%
EPS next Year (2027-09-30): EPS=9.02 | Chg30d=+0.41% | Revisions=+50% | GrowthEPS=+6.8% | GrowthRev=+10.9%
[Analyst] Revisions Ratio: +70% (up=7, down=0)