Jun 2026 (Q3 FY26) — Aug 6, 2026
Atmos Energy Q3 FY26 — Strong EPS Growth and Reaffirmed Guidance Amidst Capital Investments
Read the full callAtmos Energy (ATO) earnings
- Jun 2026
- Jun 2026 (Q3 FY26)
- Sep 2025
Atmos Energy earnings: last reported Thu, 6 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 879 | +4.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 36.5 | +6.4 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 243 | +30.2% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Annualized operating income from rate case implementation | approximately 40% of nearly $600 million | Mar 2026 | Of this amount, $260 million was implemented during our third and fourth fiscal quarters. | Achieved |
| Annualized operating income from additional rate case filings | approximately $400 million | Dec 2025 | Currently, we have 7 filings in progress, seeking nearly $334 million in annualized operating income increases. | Revised Down |
| APT project completions | Place into service the two DFW Southeast pipeline projects, the Carthage compressor station, and the final phase of the WA loop project | Jun 2026 | All of these projects are currently scheduled to be placed into service by the end of the calendar year. | New |
18 of ATMOS ENERGY CORP's 22 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 19 more targets are in the full ledger.
Claimed
- Year-to-date net income reached $1.2 billion or $7.33 per diluted share, representing a 14.5% increase over the prior year period.
- The company added nearly 51,000 new customers over the last 12 months, including 12 new industrial customers expected to use 950,000 Mcf/year.
- Atmos Energy implemented $396 million of annualized operating income increases from regulatory filings since the beginning of the fiscal year.
- The company maintained a strong equity capitalization of 60% and $4.6 billion in available liquidity as of June 30.
Qualified
- APT's through-system spreads have narrowed significantly since June due to additional takeaway capacity coming online sooner than expected.
- Fiscal '26 O&M, excluding bad debt expense, is trending slightly higher, now expected in the range of $875 million to $885 million.
Price
$164.74 −1.55% · −$2.6
Performance −6.6% 1Y
1Y: $176.41 on 17 Oct 2025 → $164.74. High $192.29 (9 Apr 2026), low $156.24 (23 Sept 2026).
- Previous close
- $167.34
- 52-week range
- $156.24 – $192.29
- One year
- −7.31%
Overview
- Symbol
- ATO
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 4 judged targets kept · 18 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Annualized operating income from rate case implementation | approximately 40% of nearly $600 million | Mar 2026 | Of this amount, $260 million was implemented during our third and fourth fiscal quarters. | Achieved |
| Annualized operating income from additional rate case filings | approximately $400 million | Dec 2025 | Currently, we have 7 filings in progress, seeking nearly $334 million in annualized operating income increases. | Revised Down |
| APT project completions | Place into service the two DFW Southeast pipeline projects, the Carthage compressor station, and the final phase of the WA loop project | Jun 2026 | All of these projects are currently scheduled to be placed into service by the end of the calendar year. | New |
Claimed
- Year-to-date net income reached $1.2 billion or $7.33 per diluted share, representing a 14.5% increase over the prior year period.
- The company added nearly 51,000 new customers over the last 12 months, including 12 new industrial customers expected to use 950,000 Mcf/year.
- Atmos Energy implemented $396 million of annualized operating income increases from regulatory filings since the beginning of the fiscal year.
- The company maintained a strong equity capitalization of 60% and $4.6 billion in available liquidity as of June 30.
Qualified
- APT's through-system spreads have narrowed significantly since June due to additional takeaway capacity coming online sooner than expected.
- Fiscal '26 O&M, excluding bad debt expense, is trending slightly higher, now expected in the range of $875 million to $885 million.
The full ledger
Open ATMOS ENERGY CORP’s full ledger
A free account opens 5 company ledgers a month. All 22 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q2 FY26) — May 7, 2026
Atmos Energy Q2 FY26 — EPS guidance raised on Texas rulemaking rebasing and stronger APT spreads
Read the full callDec 2025 (Q1 FY26) — Feb 4, 2026
Atmos Energy Corporation Q1 FY26 — Strong Start with Reaffirmed Guidance and System Modernization Progress
Read the full callEvery analysed call
Atmos Energy earnings calls (ATO)
Financials
What the filings say
Net profit, year on year: +30% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 658 | 1,176 | 1,951 | 839 | 737 | 1,343 | 1,962 | 879 |
| Operating profit | 185 | 459 | 629 | 252 | 219 | 515 | 765 | 320 |
| Operating margin | 28.1% | 39.1% | 32.2% | 30.1% | 29.8% | 38.3% | 39.0% | 36.5% |
| Interest | 42 | 53 | 50 | 42 | 27 | 33 | 49 | 33 |
| Profit before tax | 159 | 431 | 603 | 231 | 213 | 504 | 734 | 303 |
| Tax rate | 15.9% | 18.4% | 19.5% | 19.2% | 17.9% | 20.0% | 20.7% | 20.0% |
| Net profit | 134 | 352 | 486 | 186 | 175 | 403 | 582 | 243 |
| EPS ($ per share) | — | 2.25 | 3.05 | 1.17 | — | 2.48 | 3.49 | 1.44 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 1,878 | 2,152 | 2,471 | 2,813 | 3,211 | 3,667 | 4,217 | 4,862 |
| Total liabilities | 7,104 | 7,617 | 8,568 | 11,702 | 12,774 | 11,647 | 13,037 | 14,691 |
| Total assets | 11,874 | 13,368 | 15,359 | 19,609 | 22,193 | 22,517 | 25,194 | 28,250 |
| Line item | Sep 2018 | Sep 2019 | Sep 2020 | Sep 2021 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,125 | 969 | 1,038 | -1,084 | 978 | 3,460 | 1,734 | 2,049 |
| Cash from investing | -1,464 | -1,684 | -1,926 | -1,964 | -2,430 | -2,795 | -2,923 | -3,561 |
| Cash from financing | 326 | 726 | 884 | 3,144 | 1,387 | -697 | 1,479 | 1,407 |
| Net cash flow | -13 | 11 | -4 | 96 | -65 | -32 | 290 | -105 |
| Capital expenditure | -1,468 | -1,693 | -1,936 | -1,970 | -2,444 | -2,806 | -2,937 | -3,561 |
| Free cash flow | -343 | -725 | -898 | -3,054 | -1,467 | 654 | -1,203 | -1,512 |
ATO revenue by segment
Pipeline and Storage grew from 10% to 12% of revenue over the last two years.
| Segment | Q3 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Distribution | 90% | 94% | 96% | 91% | 90% | 94% | 96% | 88% | +1.0% |
| Pipeline and Storage | 10% | 6% | 4% | 9% | 10% | 6% | 4% | 12% | +45.2% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
ATO operating KPIs by quarter
| KPI | Mar 2025 Q2 FY25 | Jun 2025 Q3 FY25 | Change vs prior quarter |
|---|---|---|---|
| Customers | 3.4MThis performance continues to reflect the commitment, dedication, focus and effort of all Atmos Energy employees to successfully modernize our natural gas distribution, transmission and storage systems, while safely providing reliable natural gas service to 3.4 million customers across 1,400 communities in 8 states.Source: earnings call transcript | 3.4MThis performance continues to reflect the commitment, dedication, focus and effort of all Atmos Energy employees to successfully modernize our natural gas distribution, transmission and storage systems, while safely providing reliable natural gas service to 3.4 million customers from 1,400 communities across 8 states.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
40 filings between Nov 4, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$50.3K
1 purchase by 1 insider
Sales
$77.0K
1 sale by 1 insider
Compensation
not trading decisions- 4
- Award — granted as compensation
- 16
- Option exercise — converted options into shares
- 13
- Tax withheld — shares kept back by the company to cover tax
Also filed: 3 gifts, 2 conversions.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DONOHUE SEAN | — | $77.0K | Dec 3, 2025 |
| WARE WILLIAM JAMES | $50.3K | — | Aug 11, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | GARZA RAFAEL G Director | Award | 77 | $12.0K |
| Sep 15, 2026 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Gift | 1,500 | $0 |
| Aug 11, 2026 | WARE WILLIAM JAMES Director | Purchase | 300 | $50.3K |
| Jul 1, 2026 | GARZA RAFAEL G Director | Award | 65 | $11.2K |
| May 2, 2026 | Forsythe Christopher T SR VICE PRESIDENT & CFO | Option exercise | 3,970 | $753.3K |
| May 2, 2026 | Forsythe Christopher T SR VICE PRESIDENT & CFO | Tax withheld | 1,563 | $296.6K |
| May 2, 2026 | HARTSFIELD KAREN E Senior Advisor | Option exercise | 2,815 | $534.1K |
| May 2, 2026 | HARTSFIELD KAREN E Senior Advisor | Tax withheld | 1,042 | $197.7K |
| May 2, 2026 | MCDILL JOHN S SR VP, UTILITY OPERATIONS | Option exercise | 2,815 | $534.1K |
| May 2, 2026 | MCDILL JOHN S SR VP, UTILITY OPERATIONS | Tax withheld | 1,042 | $197.7K |
| May 2, 2026 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Option exercise | 2,815 | $534.1K |
| May 2, 2026 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Tax withheld | 1,042 | $197.7K |
| May 2, 2026 | AKERS JOHN K PRESIDENT & CEO | Option exercise | 16,850 | $3.20M |
| May 2, 2026 | AKERS JOHN K PRESIDENT & CEO | Tax withheld | 6,235 | $1.17M |
| May 2, 2026 | FAULK MICHELLE Vice President & Controller | Option exercise | 175 | $33.2K |
| May 2, 2026 | FAULK MICHELLE Vice President & Controller | Tax withheld | 70 | $13.3K |
| Apr 1, 2026 | GARZA RAFAEL G Director | Award | 60 | $11.1K |
| Mar 7, 2026 | COMPTON KELLY H Director | Option exercise | 1,082 | $199.9K |
| Mar 7, 2026 | COCKLIN KIM R Director | Option exercise | 1,082 | $199.9K |
| Mar 7, 2026 | Ale John C. Director | Option exercise | 1,082 | $199.9K |
| Feb 4, 2026 | Sampson Richard A Director | Conversion | 685 | $117.6K |
| Feb 4, 2026 | Sampson Richard A Director | Conversion | 30,808 | $5.29M |
| Jan 2, 2026 | PULLIAM JESSICA BATEMAN Sr VP, Gen Counsel, Corp Sec'y | Tax withheld | 1,042 | $175.3K |
| Jan 2, 2026 | GARZA RAFAEL G Director | Award | 66 | $11.1K |
| Jan 2, 2026 | PULLIAM JESSICA BATEMAN Sr VP, Gen Counsel, Corp Sec'y | Option exercise | 2,500 | $420.6K |
| Dec 16, 2025 | COMPTON KELLY H Director | Gift | 442 | $74.8K |
| Dec 10, 2025 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Gift | 1,500 | $250.2K |
| Dec 3, 2025 | DONOHUE SEAN Director | Sale | 450 | $77.0K |
| Nov 4, 2025 | MCDILL JOHN S SR VP, UTILITY OPERATIONS | Option exercise | 5,396 | $933.3K |
| Nov 4, 2025 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Option exercise | 5,396 | $933.3K |
| Nov 4, 2025 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Tax withheld | 2,124 | $367.4K |
| Nov 4, 2025 | MCDILL JOHN S SR VP, UTILITY OPERATIONS | Tax withheld | 2,124 | $367.4K |
| Nov 4, 2025 | HARTSFIELD KAREN E Senior Advisor | Option exercise | 5,396 | $933.3K |
| Nov 4, 2025 | HARTSFIELD KAREN E Senior Advisor | Tax withheld | 2,124 | $367.4K |
| Nov 4, 2025 | FAULK MICHELLE Vice President & Controller | Option exercise | 336 | $58.1K |
| Nov 4, 2025 | FAULK MICHELLE Vice President & Controller | Tax withheld | 116 | $20.1K |
| Nov 4, 2025 | Forsythe Christopher T SR VICE PRESIDENT & CFO | Option exercise | 7,610 | $1.32M |
| Nov 4, 2025 | Forsythe Christopher T SR VICE PRESIDENT & CFO | Tax withheld | 2,995 | $518.0K |
| Nov 4, 2025 | AKERS JOHN K PRESIDENT & CEO | Option exercise | 32,297 | $5.59M |
| Nov 4, 2025 | AKERS JOHN K PRESIDENT & CEO | Tax withheld | 12,709 | $2.20M |
| Oct 1, 2025 | GARZA RAFAEL G Director | Award | 66 | $11.2K |
| May 2, 2025 | FAULK MICHELLE Vice President & Controller | Option exercise | 160 | $25.7K |
| May 2, 2025 | FAULK MICHELLE Vice President & Controller | Tax withheld | 64 | $10.3K |
| May 2, 2025 | Forsythe Christopher T SR VICE PRESIDENT & CFO | Option exercise | 3,430 | $551.0K |
| May 2, 2025 | Forsythe Christopher T SR VICE PRESIDENT & CFO | Tax withheld | 1,350 | $216.9K |
| May 2, 2025 | HARTSFIELD KAREN E Senior Advisor | Option exercise | 2,505 | $402.4K |
| May 2, 2025 | HARTSFIELD KAREN E Senior Advisor | Tax withheld | 986 | $158.4K |
| May 2, 2025 | MCDILL JOHN S SR VP, UTILITY OPERATIONS | Option exercise | 2,505 | $402.4K |
| May 2, 2025 | MCDILL JOHN S SR VP, UTILITY OPERATIONS | Tax withheld | 927 | $148.9K |
| May 2, 2025 | ROBBINS J MATT SR VP, HUMAN RESOURCES | Option exercise | 2,505 | $402.4K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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