NYSE$ATO

Atmos Energy Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Atmos Energy reported consolidated results for its fourth fiscal quarter ended September 30, 2022.

Atmos Energy Corporation reported earnings for the fourth fiscal quarter ended September 30, 2022. The company's earnings per diluted share was $0.51, and consolidated net income was $71.6 million for the quarter.

  • Earnings per diluted share was $0.51 for the fourth fiscal quarter.
  • Consolidated net income was $71.6 million for the fourth fiscal quarter.
  • Consolidated operating income increased $14.4 million to $105.4 million.
  • The company's Board of Directors has declared a quarterly dividend of $0.74 per common share.

Headline financials

Total Revenue

$723M

Previous: $568M+27.1%
EPS (adj)

$0.51

Previous: $0.37+37.8%
Net Income

$71.6M

Previous: $48.7M+47.1%
Operating Income

$105M

Previous: $91M+15.9%
Gross Profit

$532M

Previous: $285M+86.5%
Cash & Equivalents

$51.6M

Previous: $117M-55.8%
Total Assets

$22.2B

Previous: $19.6B+13.2%
Stock-Based Comp

$10.7M

Previous: $11.3M-4.5%

Revenue & EPS history

Atmos · Revenue · Quarterly

$723M

Q4 2022+27.1%vs Q4 2021
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Atmos · $862M total across 2 segments · Q4 2022

  • Distribution
    $679M+29.6%
  • Pipeline & Storage
    $184M+14.4%

Forward guidance

Earnings per diluted share for fiscal 2023 is expected to be in the range of $5.90 to $6.10. Capital expenditures are expected to approximate $2.7 billion in fiscal 2023.

Tailwinds

  • Earnings per diluted share for fiscal 2023 is expected to be in the range of $5.90 to $6.10.
  • Capital expenditures are expected to approximate $2.7 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.
  • The company is executing its proven strategy of operating safely and reliably while modernizing its natural gas distribution, transmission, and storage systems.

Headwinds

  • Regulatory trends and decisions
  • The company’s ability to continue to access the credit and capital markets
  • Possible increased federal, state and local regulation of the safety of our operations
  • Increased competition from energy suppliers and alternative forms of energy
  • Failure to attract and retain a qualified workforce

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 Q4 2022

Historical avgQ4 2022

-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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