NYSE$ATO

Atmos Energy Corp · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

Reported earnings for the second fiscal quarter of 2023 and tightened fiscal 2023 guidance.

Atmos Energy Corporation reported consolidated results for its second fiscal quarter ended March 31, 2023, with earnings per diluted share at $2.48 and consolidated net income at $357.7 million. The company also tightened its fiscal 2023 earnings guidance to $6.00 to $6.10 per diluted share.

  • Earnings per diluted share was $2.48 for the second fiscal quarter.
  • Consolidated net income was $357.7 million for the second fiscal quarter.
  • Fiscal 2023 earnings guidance was tightened to $6.00 to $6.10 per diluted share from $5.90 to $6.10 per diluted share.
  • Capital expenditures are expected to approximate $2.7 billion in fiscal 2023.

Headline financials

Total Revenue

$1.54B

Previous: $1.65B-6.6%
EPS (adj)

$2.48

Previous: $2.37+4.6%
Free Cash Flow

$358M

Previous: $325M+10.1%
Net Income

$358M

Previous: $325M+10.1%
Operating Income

$423M

Previous: $385M+9.7%
Gross Profit

$875M

Previous: $778M+12.4%
Cash & Equivalents

$95.2M

Previous: $582M-83.7%
Total Assets

$21.3B

Previous: $21.3B+0.2%

Revenue & EPS history

Atmos · Revenue · Quarterly

$1.54B

Q2 2023-6.6%vs Q2 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Atmos · $1.68B total across 2 segments · Q2 2023

  • Distribution
    $1.5B-6.9%
  • Pipeline & Storage
    $184M+12.6%

Forward guidance

Fiscal 2023 earnings guidance was tightened to $6.00 to $6.10 per diluted share from $5.90 to $6.10 per diluted share.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-0.0%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.4%

Avg return

30 days after

54%

37 / 68 earnings

Positive

+6.8%

Q4 2022

Best reaction

-7.0%

Q3 2011

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-0.4%-3.4%-7.7%
Q1 2026+1.8%+1.6%+9.6%
Q4 2025+1.3%+3.5%-0.8%
Q2 2025-1.0%-5.5%-6.4%
Q1 2025+1.9%-0.1%+4.4%
Q4 2024+2.5%+5.9%+2.9%
Q3 2024-0.4%+0.9%+2.6%
Q2 2024-0.5%-3.3%-4.6%
Q1 2024+0.1%+1.2%+3.4%
Q4 2023+1.3%+1.1%+3.3%
Q3 2023-2.2%-2.5%-4.6%
Q2 2023+5.0%+5.0%+2.0%
Q1 2023-1.0%-1.2%-6.0%
Q4 2022+6.8%+5.6%+12.5%
Q3 2022-3.6%-4.6%-4.6%
Q2 2022+2.2%+0.9%+3.1%
Q1 2022+2.7%+0.7%+6.9%
Q4 2021+1.8%+3.3%+2.8%
Q3 2021+1.6%+1.4%-2.2%
Q2 2021-0.2%-0.0%-2.7%
Q1 2021-1.8%+0.5%+0.3%
Q4 2020-3.6%-1.1%-3.3%
Q3 2020-0.1%+1.2%-7.2%
Q2 2020-5.3%-4.9%+2.7%
Q1 2020-0.3%-0.9%-6.4%
Q4 2019+0.2%-0.4%-1.3%
Q3 2019+1.0%+0.5%+0.7%
Q2 2019-2.3%-1.1%+1.1%
Q1 2019-0.6%+1.6%+3.1%
Q4 2018+0.4%+1.3%+3.5%
Q3 2018-0.8%-0.2%+1.8%
Q2 2018+1.4%+2.3%+1.3%
Q1 2018-1.0%+2.3%+0.6%
Q4 2017+1.4%+1.1%+3.6%
Q3 2017+0.0%-0.6%+0.9%
Q2 2017+0.8%+1.5%+5.2%
Q1 2017+0.3%+0.3%+1.3%
Q4 2016-3.7%-3.1%+0.1%
Q3 2016-0.3%-2.0%-6.6%
Q2 2016+1.0%
Q1 2016+1.6%
Q4 2015-1.0%
Q3 2015+0.4%
Q2 2015+1.8%
Q1 2015-1.3%
Q4 2014+1.4%
Q3 2014+0.4%
Q2 2014-1.3%
Q1 2014-0.9%
Q4 2013+1.8%
Q3 2013-0.5%
Q2 2013-0.2%
Q1 2013+0.6%
Q4 2012-3.1%
Q3 2012+1.1%
Q2 2012-0.3%
Q1 2012-0.7%
Q4 2011-4.6%
Q3 2011-7.0%
Q2 2011-0.1%
Q1 2010+0.7%
Q1 2011+0.3%
Q4 2008+0.5%
Q4 2010+0.5%
Q3 2010+0.1%
Q2 2010+0.1%
Q4 2009+0.1%
Q3 2009+0.1%

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