Overview Dividends

(ATO) Atmos Energy - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US0495601058

Natural Gas, Distribution, Pipeline, Storage, Transmission

Gas Utilities
Market Cap in USD: 28,259m

IPO / Inception: 1987-01-01
Return 12m vs S&P 500: 3.82%

EPS (Earnings per Share)

EPS CAGR: -13.71%
EPS Trend: 4.0%

Last SUE: 0.85
Qual. Beats: 1

Revenue

Rev. CAGR: -8.11%
Rev. Trend: -10.3%

Last SUE: -0.08
Qual. Beats: 0

Dividends

Dividend Yield	2.05%
Yield on Cost 5y	4.27%
Yield CAGR 5y	8.73%
Payout Consistency	98.3%
Payout Ratio	48.2%

Risk via 10d forecast
Volatility	15.4%
Value at Risk 5%th	25.2%
Relative Tail Risk	-0.73%

Reward TTM
Sharpe Ratio	0.90
Alpha	13.92
CAGR/Max DD	1.06

Character TTM
Hurst Exponent	0.347
Beta	0.170
Beta Downside	0.264

Drawdowns 3y
Max DD	16.87%
Mean DD	3.91%
Median DD	3.45%

Description: ATO Atmos Energy October 14, 2025

Atmos Energy (ATO) operates as a regulated natural-gas utility in the United States, split between a Distribution segment serving roughly 3.3 million residential, commercial, public-authority, and industrial customers across eight states, and a Pipeline & Storage segment that moves third-party gas and runs five underground storage facilities in Texas. The company owns about 73,689 mi of distribution and transmission mains and 5,645 mi of gas-transmission lines.

As of FY 2023, Atmos reported an operating cash flow of $2.1 billion and a regulated rate base of $30.5 billion, reflecting a modest 3 % year-over-year increase in customer connections and a 2 % rise in average residential consumption per customer, driven by mild-weather recovery after the 2022 winter storm.

Key economic drivers for Atmos include regional weather patterns (which influence heating-season demand), the ongoing shift toward electrification that could cap long-term gas growth, and state-level regulatory decisions on rate adjustments. The utility’s exposure to Texas storage assets also provides a hedge against price volatility, as storage utilization typically spikes when wholesale gas prices rise sharply.

For a deeper dive into Atmos’s valuation metrics and scenario analysis, you might find ValueRay’s data platform a useful next step.

Piotroski VR‑10 (Strict, 0-10) 4.0

Net Income (1.20b TTM) > 0 and > 6% of Revenue (6% = 282.2m TTM)

FCFTA -0.05 (>2.0%) and ΔFCFTA -0.45pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -9.58% (prev -1.77%; Δ -7.81pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.07 (>3.0%) and CFO 2.05b > Net Income 1.20b (YES >=105%, WARN >=100%)

Net Debt (9.10b) to EBITDA (1.95b) ratio: 4.66 <= 3.0 (WARN <= 3.5)

Current Ratio 0.67 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (161.6m) change vs 12m ago 5.58% (target <= -2.0% for YES)

Gross Margin 54.18% (prev 57.92%; Δ -3.74pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 17.39% (prev 16.53%; Δ 0.85pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 8.43 (EBITDA TTM 1.95b / Interest Expense TTM 166.6m) >= 6 (WARN >= 3)

Altman Z'' 1.16

(A) -0.02 = (Total Current Assets 912.1m - Total Current Liabilities 1.36b) / Total Assets 28.91b

(B) 0.17 = Retained Earnings (Balance) 4.86b / Total Assets 28.91b

(D) 0.35 = Book Value of Equity 5.34b / Total Liabilities 15.35b

Total Rating: 1.16 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 39.67

1. Piotroski 4.0pt

2. FCF Yield -4.05%

3. FCF Margin -32.15%

4. Debt/Equity 0.69

5. Debt/Ebitda 4.66

6. ROIC - WACC (= 0.19)%

7. RoE 9.07%

8. Rev. Trend -10.25%

9. EPS Trend 4.03%

What is the price of ATO shares?

As of November 30, 2025, the stock is trading at USD 176.37 with a total of 336,511 shares traded.
Over the past week, the price has changed by +1.27%, over one month by +1.66%, over three months by +7.23% and over the past year by +19.18%.

Is ATO a buy, sell or hold?

Atmos Energy has received a consensus analysts rating of 3.60. Therefor, it is recommend to hold ATO.

Strong Buy: 4
Buy: 2
Hold: 8
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the ATO price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	174.4	-1.1%
Analysts Target Price	174.4	-1.1%
ValueRay Target Price	210.4	19.3%

ATO Fundamental Data Overview November 22, 2025

Market Cap USD = 28.26b (28.26b USD * 1.0 USD.USD)
P/E Trailing = 23.4276
P/E Forward = 22.1729
P/S = 6.0091
P/B = 2.074
P/EG = 2.8587
Beta = 0.749
Revenue TTM = 4.70b USD
EBIT TTM = 1.40b USD
EBITDA TTM = 1.95b USD
Long Term Debt = 8.98b USD (from longTermDebt, last quarter)
Short Term Debt = 65.6m USD (from shortTermDebt, last quarter)
Debt = 9.30b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 9.10b USD (from netDebt column, last quarter)
Enterprise Value = 37.36b USD (28.26b + Debt 9.30b - CCE 203.8m)
Interest Coverage Ratio = 8.43 (Ebit TTM 1.40b / Interest Expense TTM 166.6m)
FCF Yield = -4.05% (FCF TTM -1.51b / Enterprise Value 37.36b)
FCF Margin = -32.15% (FCF TTM -1.51b / Revenue TTM 4.70b)
Net Margin = 25.49% (Net Income TTM 1.20b / Revenue TTM 4.70b)
Gross Margin = 54.18% ((Revenue TTM 4.70b - Cost of Revenue TTM 2.15b) / Revenue TTM)
Gross Margin QoQ = 67.53% (prev 44.95%)
Tobins Q-Ratio = 1.29 (Enterprise Value 37.36b / Total Assets 28.91b)
Interest Expense / Debt = 0.29% (Interest Expense 27.2m / Debt 9.30b)
Taxrate = 17.94% (38.2m / 213.1m)
NOPAT = 1.15b (EBIT 1.40b * (1 - 17.94%))
Current Ratio = 0.67 (Total Current Assets 912.1m / Total Current Liabilities 1.36b)
Debt / Equity = 0.69 (Debt 9.30b / totalStockholderEquity, last quarter 13.56b)
Debt / EBITDA = 4.66 (Net Debt 9.10b / EBITDA 1.95b)
Debt / FCF = -6.02 (negative FCF - burning cash) (Net Debt 9.10b / FCF TTM -1.51b)
Total Stockholder Equity = 13.22b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.15% (Net Income 1.20b / Total Assets 28.91b)
RoE = 9.07% (Net Income TTM 1.20b / Total Stockholder Equity 13.22b)
RoCE = 6.33% (EBIT 1.40b / Capital Employed (Equity 13.22b + L.T.Debt 8.98b))
RoIC = 5.25% (NOPAT 1.15b / Invested Capital 21.97b)
WACC = 5.05% (E(28.26b)/V(37.56b) * Re(6.64%) + D(9.30b)/V(37.56b) * Rd(0.29%) * (1-Tc(0.18)))
Discount Rate = 6.64% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: 100.0 | Cagr: 3.86%
Fair Price DCF = unknown (Cash Flow -1.51b)
EPS Correlation: 4.03 | EPS CAGR: -13.71% | SUE: 0.85 | # QB: 1
Revenue Correlation: -10.25 | Revenue CAGR: -8.11% | SUE: -0.08 | # QB: 0

Additional Sources for ATO Stock

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Fund Manager Positions: Dataroma | Stockcircle