ATO Stock Analysis: Atmos Energy | NYSE
Utilities - Regulated Gas | NYSE, USA | Market Cap: 26.709m USD | 12M Return: -5.4% | US0495601058 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 181M
EPS Trend: 98.6%
Qual. Beats: 1
Rev. Trend: 91.5%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Atmos Energy Corporation (ATO) is a U.S.-based natural gas utility headquartered in Dallas, Texas, operating in two segments: Distribution and Pipeline and Storage. The Distribution segment serves approximately 3.4 million residential, commercial, public authority, and industrial customers across eight states, supported by around 76,000 miles of underground distribution and transmission mains. The Pipeline and Storage segment transports natural gas for third parties through roughly 5,700 miles of gas transmission lines and operates five underground storage facilities in Texas, while also providing ancillary services such as parking, lending, and inventory sales.
Founded in 1906 and listed on the NYSE since 1987, Atmos Energy is classified within the Gas Utilities sub-industry of the broader Utilities sector. As a regulated natural gas distributor, its revenue is largely shaped by state-level rate structures and cost-of-service frameworks, while its pipeline operations generate income from fee-based transportation and storage contracts with third-party shippers. The combination of a regulated distribution business and a fee-based midstream segment provides a mix of stable, rate-regulated earnings and more market-sensitive pipeline revenues.
- Texas rate case approval boosts allowed return on equity
- Multi-billion capex program expands rate base across eight states
- Mild winter weather reduces residential gas distribution volumes
| Net Income: 1.40b TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -1.44 > 1.0 |
| NWC/Revenue: -6.98% < 20% (prev 9.12%; Δ -16.10% < -1%) |
| CFO/TA 0.06 > 3% & CFO 2.02b > Net Income 1.40b |
| Net Debt (10.0b) to EBITDA (2.67b): 3.77 < 3 |
| Current Ratio: 0.81 > 1.5 & < 3 |
| Outstanding Shares: last quarter (169.4m) vs 12m ago 5.09% < -2% |
| Gross Margin: 61.04% > 18% (prev 53.93%; Δ 7.12% > 0.5%) |
| Asset Turnover: 16.60% > 50% (prev 16.68%; Δ -0.08% > 0%) |
| Interest Coverage Ratio: 13.95 > 6 (EBIT TTM 1.89b / Interest Expense TTM 135.4m) |
| A: -0.01 (Total Current Assets 1.50b - Total Current Liabilities 1.84b) / Total Assets 31.6b |
| B: 0.18 (Retained Earnings 5.59b / Total Assets 31.6b) |
| C: 0.06 (EBIT TTM 1.89b / Avg Total Assets 29.6b) |
| D: 0.93 (Book Value of Equity 15.3b / Total Liabilities 16.3b) |
| Altman-Z'' = 1.92 = BBB |
| DSRI: 1.10 (Receivables 469.5m/399.5m, Revenue 4.92b/4.62b) |
| GMI: 0.88 (GM 53.93% / 61.04%) |
| AQI: 1.02 (AQ_t 0.07 / AQ_t-1 0.06) |
| SGI: 1.06 (Revenue 4.92b / 4.62b) |
| TATA: -0.02 (NI 1.40b - CFO 2.02b) / TA 31.6b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of October 12, 2026, the stock is trading at USD 161.66 with a total of 877,572 shares traded. Over the past week, the price has changed by +2.86%, over one month by -2.96%, over three months by -6.92% and over the past year by -5.44%.
Current recommended Stop Loss: 158.50 (which is 2% or 1.4 ATR below the current price).
Atmos Energy has received a consensus analysts rating of 3.29. Therefore, it is recommended to hold ATO.
- StrongBuy: 2
- Buy: 0
- Hold: 12
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 185 | 14.4% |
P/E Trailing = 18.8379
P/E Forward = 17.5747
P/S = 5.4269
P/B = 1.7426
P/EG = 1.8975
Revenue TTM = 4.92b USD
EBIT TTM = 1.89b USD
EBITDA TTM = 2.67b USD
Long Term Debt = 9.81b USD (from longTermDebt, last quarter)
Short Term Debt = 511.4m USD (from shortTermDebt, last quarter)
Debt = 10.6b USD (from shortLongTermDebtTotal, last quarter) + Leases 307.6m
Net Debt = 10.0b USD (calculated: Debt 10.6b - CCE 525.8m)
Enterprise Value = 36.8b USD (26.7b + Debt 10.6b - CCE 525.8m)
Interest Coverage Ratio = 13.95 (Ebit TTM 1.89b / Interest Expense TTM 135.4m)
EV/FCF = -18.19x (Enterprise Value 36.8b / FCF TTM -2.02b)
FCF Yield = -5.50% (FCF TTM -2.02b / Enterprise Value 36.8b)
FCF Margin = -41.05% (FCF TTM -2.02b / Revenue TTM 4.92b)
Net Margin = 28.50% (Net Income TTM 1.40b / Revenue TTM 4.92b)
Gross Margin = 61.04% ((Revenue TTM 4.92b - Cost of Revenue TTM 1.92b) / Revenue TTM)
Gross Margin QoQ = none% (prev 46.05%)
Tobins Q-Ratio = 1.16 (Enterprise Value 36.8b / Total Assets 31.6b)
Interest Expense / Debt = 1.28% (Interest Expense 135.4m / Debt 10.6b)
Taxrate = 20.02% (351.1m / 1.75b)
NOPAT = 1.51b (EBIT 1.89b * (1 - 20.02%))
Current Ratio = 0.81 (Total Current Assets 1.50b / Total Current Liabilities 1.84b)
Debt / Equity = 0.69 (Debt 10.6b / totalStockholderEquity, last quarter 15.3b)
Debt / EBITDA = 3.77 (Net Debt 10.0b / EBITDA 2.67b)
Debt / FCF = -4.97 (negative FCF - burning cash) (Net Debt 10.0b / FCF TTM -2.02b)
Total Stockholder Equity = 14.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 4.73% (Net Income 1.40b / Total Assets 31.6b)
RoE = 9.67% (Net Income TTM 1.40b / Total Stockholder Equity 14.5b)
RoCE = 7.77% (EBIT 1.89b / Capital Employed (Equity 14.5b + L.T.Debt 9.81b))
RoIC = 5.03% (NOPAT 1.51b / Invested Capital 30.0b)
WACC = 4.27% (E(26.7b)/V(37.3b) * Re(5.56%) + D(10.6b)/V(37.3b) * Rd(1.28%) * (1-Tc(0.20)))
Discount Rate = 5.56% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 98.03 | Cagr: 5.14%
[DCF] Fair Price = unknown (Cash Flow -2.02b)
EPS Correlation: 98.57 | EPS CAGR: 11.01% | SUE: 1.87 | # QB: 1
Revenue Correlation: 91.52 | Revenue CAGR: 8.46% | SUE: -0.17 | # QB: 0
EPS current Quarter (2026-12-31): EPS=2.63 | Chg30d=-0.19% | Revisions=-25% | Analysts=6
EPS current Year (2026-09-30): EPS=8.46 | Chg30d=-0.06% | Revisions=-40% | GrowthEPS=+13.4% | GrowthRev=+8.9%
EPS next Year (2027-09-30): EPS=9.02 | Chg30d=+0.02% | Revisions=+40% | GrowthEPS=+6.6% | GrowthRev=+12.2%
[Analyst] Revisions Ratio: -12% (up=2, down=3)