NYSE$ATO

Atmos Energy Corp · Q3 2023 earnings

Q3 2023 earnings · · Investor relations

Briefing

Atmos Energy reported earnings for the third fiscal quarter of 2023 and reaffirmed fiscal 2023 guidance.

Atmos Energy Corporation reported consolidated results for its third fiscal quarter ended June 30, 2023. The company's earnings per diluted share was $0.94 for the third fiscal quarter and consolidated net income was $137.8 million.

  • Earnings per diluted share was $0.94 for the third fiscal quarter.
  • Consolidated net income was $137.8 million for the third fiscal quarter.
  • Operating income increased $14.7 million to $169.3 million.
  • The company reaffirmed fiscal 2023 earnings per diluted share guidance in the range of $6.00 to $6.10.

Headline financials

Total Revenue

$663M

Previous: $816M-18.8%
EPS (adj)

$0.94

Previous: $0.92+2.2%
Free Cash Flow

$138M

Previous: $129M+7.2%
Net Income

$138M

Previous: $129M+7.2%
Operating Income

$169M

Previous: $155M+9.5%
Gross Profit

$618M

Previous: $567M+9.0%
Cash & Equivalents

$56.2M

Previous: $328M-82.9%
Total Assets

$21.8B

Previous: $21.7B+0.5%

Revenue & EPS history

Atmos · Revenue · Quarterly

$663M

Q3 2023-18.8%vs Q3 2022
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Atmos · $824M total across 2 segments · Q3 2023

  • Distribution
    $616M-20.3%
  • Pipeline & Storage
    $208M+13.5%

Forward guidance

Atmos Energy expects fiscal 2023 earnings per diluted share to be in the range of $6.00 to $6.10 and capital expenditures to approximate $2.8 billion.

Tailwinds

  • Earnings per diluted share for fiscal 2023 is expected to be in the range of $6.00 to $6.10 per diluted share.
  • Capital expenditures are expected to approximate $2.8 billion in fiscal 2023.
  • The company's Board of Directors has declared a quarterly dividend of $0.74 per common share.
  • The indicated annual dividend for fiscal 2023 is $2.96, which represents an 8.8% increase over fiscal 2022.

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 Q3 2023

Historical avgQ3 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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro