Cash flow Atmos Energy Corporation

Equities

ATO

US0495601058

Natural Gas Utilities

Market Closed - Nyse Other stock markets 04:00:03 2026-04-13 pm EDT			5-day change	1st Jan Change
187.75 ^USD	-1.37%		-0.03%	+12.00%

Apr. 13	Mizuho Adjusts Price Target on Atmos Energy to $192 From $180, Maintains Neutral Rating	MT
Apr. 07	Barclays Adjusts Price Target on Atmos Energy to $184 From $167, Maintains Equalweight Rating	MT

2519e152afff047b5e0b5fbe.t8ELEKwmO8p8sgOsZ1tKU0P_SrOTqCusfcr5ruYrFg8.8bZoQ_MTT4wIx2viLBUJGBOuDvXV8E_HTaCS17VyR3fC9jtBnmxwszLYcA

Published financial data: ATMOS ENERGY CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: September	2021	2022	2023	2024	2025
Revenues - (Utility Template)	3.41B	4.2B	4.28B	4.17B	4.7B
Total Revenues	3.41B	4.2B	4.28B	4.17B	4.7B
Fuel & Purchased Power	1.03B	1.68B	1.45B	934M	1.07B
Operations And Maintenance	679M	710M	765M	819M	903M
Depreciation & Amortization - (IS) - (Collected)	478M	536M	604M	670M	735M
Other Operating Expenses	332M	344M	378M	398M	411M
Total Operating Expenses	2.52B	3.27B	3.2B	2.82B	3.12B
Operating Income (REIT / Utility Template)	886M	929M	1.08B	1.34B	1.59B
Interest Expense, Total	-83.55M	-103M	-137M	-191M	-172M
Interest and Investment Income	2.14M	2.78M	7.21M	22.89M	29.94M
Net Interest Expenses	-81.41M	-100M	-130M	-168M	-142M
Allowance For Equity Funds Used During Construction	32.75M	45.5M	64.02M	58.23M	75.42M
Other Non Operating Income (Expenses)	-17.8M	-15.15M	-11.81M	-1.29M	-43.36M
EBT, Excl. Unusual Items	819M	860M	998M	1.23B	1.48B
Gain (Loss) on Sale of Investments	-	-7.74M	1.41M	3.56M	174K
Other Unusual Items	-	-	-	-1.53M	-
EBT, Incl. Unusual Items	819M	852M	1B	1.24B	1.48B
Income Tax Expense	154M	77.51M	114M	193M	279M
Earnings From Continuing Operations	666M	774M	886M	1.04B	1.2B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	666M	774M	886M	1.04B	1.2B
Net Income - (IS)	666M	774M	886M	1.04B	1.2B
Preferred Dividend and Other Adjustments	465K	508K	542K	553K	487K
Net Income to Common Incl Extra Items	665M	774M	885M	1.04B	1.2B
Net Income to Common Excl. Extra Items	665M	774M	885M	1.04B	1.2B
Per Share Items
Net EPS - Basic	5.12	5.61	6.1	6.83	7.54
Basic EPS - Continuing Operations	5.12	5.61	6.1	6.83	7.54
Basic Weighted Average Shares Outstanding	130M	138M	145M	153M	159M
Net EPS - Diluted	5.12	5.6	6.1	6.83	7.46
Diluted EPS - Continuing Operations	5.12	5.6	6.1	6.83	7.46
Diluted Weighted Average Shares Outstanding	130M	138M	145M	153M	161M
Normalized Basic EPS	3.95	3.9	4.3	5.06	5.81
Normalized Diluted EPS	3.94	3.89	4.3	5.05	5.75
Dividend Per Share	2.5	2.72	2.96	3.22	3.48
Payout Ratio	48.67	48.54	48.58	47.27	46.19
Supplemental Items
Utility Revenues	3.3B	4.09B	4.16B	4.03B	4.55B
Non Utility Revenues	106M	111M	119M	133M	150M
EBITDA	1.36B	1.46B	1.68B	2.01B	2.32B
EBITA	886M	929M	1.08B	1.34B	1.6B
EBIT	886M	929M	1.08B	1.34B	1.59B
EBITDAR	1.41B	1.51B	1.72B	2.06B	2.38B
Total Revenues (As Reported)	3.41B	4.2B	4.28B	4.17B	4.7B
Effective Tax Rate - (Ratio)	18.76	9.1	11.38	15.61	18.9
Current Domestic Taxes	252K	30.97M	12.28M	19.73M	-
Total Current Taxes	252K	30.97M	12.28M	19.73M	-
Deferred Domestic Taxes	153M	46.54M	102M	173M	-
Total Deferred Taxes	153M	46.54M	102M	173M	-
Normalized Net Income	512M	537M	624M	771M	924M
Interest Capitalized	11.41M	12.15M	15.81M	14.66M	21.1M
Interest on Long-Term Debt	-	4.31M	-	-	-
Non-Cash Pension Expense	13.32M	-1.7M	1.64M	2.91M	-2.94M
Supplemental Operating Expense Items
Net Rental Expense, Total	42.35M	43.39M	44.09M	48.42M	56.7M
Imputed Operating Lease Interest Expense	5.22M	5.01M	6.97M	10.43M	10.03M
Imputed Operating Lease Depreciation	37.13M	38.38M	37.12M	37.99M	46.66M
Stock-Based Comp., Other (Total)	11.26M	10.74M	10.18M	10.71M	12.73M
Total Stock-Based Compensation	11.26M	10.74M	10.18M	10.71M	12.73M

Fiscal Period: September	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	117M	51.55M	15.4M	307M	203M
Accounts Receivable, Total	251M	330M	264M	307M	309M
Other Receivables	91.8M	45.76M	78.69M	72.85M	75.41M
Accounts Receivable (Summary Subtotal)	343M	376M	343M	380M	384M
Inventory - (Utility Template)	194M	384M	280M	186M	192M
Prepaid Expenses	48.77M	58.55M	58.03M	74.78M	80.5M
Restricted Cash	-	-	3.84M	1.52M	1.12M
Other Current Assets, Total	2.14B	2.18B	186M	182M	192M
Total Current Assets	2.84B	3.05B	886M	1.13B	1.05B
Gross Property Plant And Equipment	18.11B	20.45B	23.12B	26.1B	29.56B
Accumulated Depreciation	-2.82B	-3B	-3.29B	-3.64B	-3.97B
Net Property Plant And Equipment	15.29B	17.45B	19.83B	22.45B	25.59B
Regulatory Assets	352M	368M	365M	397M	429M
Goodwill	731M	731M	731M	731M	731M
Other Intangibles, Total	-	-	92.2M	82.84M	75.13M
Long-Term Investments - (Utility Template)	278M	451M	484M	203M	115M
Deferred Charges Long-Term	89.01M	88.5M	10.9M	6.42M	-
Other Long-Term Assets, Total	33.88M	51.18M	118M	188M	260M
Total Assets	19.61B	22.19B	22.52B	25.19B	28.25B
Liabilities
Accounts Payable, Total	225M	259M	218M	342M	381M
Accrued Expenses, Total	309M	354M	256M	278M	323M
Short-Term Borrowings	-	185M	242M	-	-
Current Portion of Long-Term Debt	2.4B	2.2B	9.92M	8.21M	18.77M
Current Portion of Leases	38.14M	40.1M	37.39M	35.99M	46.78M
Current Income Taxes Payable	161M	189M	195M	216M	238M
Deferred Tax Liability Current	156M	160M	131M	79.69M	72.79M
Other Current Liabilities - (Bank / Utility Template)	222M	216M	262M	246M	282M
Total Current Liabilities	3.51B	3.6B	1.35B	1.21B	1.36B
Long-Term Debt	4.91B	5.71B	6.59B	7.81B	8.93B
Long-Term Leases	213M	235M	243M	272M	308M
Unearned Revenue Non Current	9.88M	8.63M	9.16M	7.97M	9.57M
Pension & Other Post Retirement Benefits	186M	91.6M	66.52M	67.32M	68.4M
Deferred Tax Liability Non-Current	2.26B	2.38B	2.56B	2.77B	3.04B
Other Non Current Liabilities, Total	616M	741M	827M	900M	976M
Total Liabilities	11.7B	12.77B	11.65B	13.04B	14.69B
Common Stock, Total	662K	704K	742K	776K	808K
Additional Paid In Capital	5.02B	5.84B	6.68B	7.47B	8.22B
Retained Earnings	2.81B	3.21B	3.67B	4.22B	4.86B
Comprehensive Income and Other	69.8M	369M	519M	466M	475M
Total Common Equity	7.91B	9.42B	10.87B	12.16B	13.56B
Total Equity	7.91B	9.42B	10.87B	12.16B	13.56B
Total Liabilities And Equity	19.61B	22.19B	22.52B	25.19B	28.25B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	132M	141M	148M	155M	162M
ECS Total Common Shares Outstanding	132M	141M	148M	155M	162M
Book Value / Share	59.71	66.85	73.2	78.31	83.92
Tangible Book Value	7.18B	8.69B	10.05B	11.34B	12.75B
Tangible Book Value Per Share	54.19	61.66	67.66	73.06	78.93
Total Debt	7.56B	8.37B	7.12B	8.13B	9.3B
Net Debt	7.45B	8.32B	7.11B	7.82B	9.1B
Debt Equivalent of Unfunded Proj. Benefit Obligation	104M	51.28M	5.05M	-52.37M	-99.56M
Debt Equivalent Oper. Leases	339M	347M	353M	387M	454M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	15.58M	25.88M	34.3M	16.96M	20.08M
Inventories - Finished Goods, Total	178M	358M	246M	170M	172M
Machinery, Total	17.22B	19.36B	21.92B	24.75B	27.99B
Full Time Employees	4.68K	4.79K	5.02K	5.26K	5.49K
Accumulated Allowance for Doubtful Accounts (Supple)	64.47M	49.99M	40.84M	37.06M	45.26M

Fiscal Period: September	2021	2022	2023	2024	2025
Net Income	666M	774M	886M	1.04B	1.2B
Depreciation, Depletion & Amortization	478M	536M	604M	670M	727M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	-	7.72M
Total Depreciation, Depletion & Amortization	478M	536M	604M	670M	735M
Amortization of Deferred Charges, Total	14.03M	9.14M	3.64M	-	-
Stock-Based Compensation (CF)	11.26M	10.74M	10.18M	10.71M	12.73M
Change in Accounts Receivable	-114M	-34.32M	46.86M	-40.91M	-1.42M
Change In Inventories	-66.17M	-180M	112M	76.32M	-2.25M
Change in Accounts Payable	104M	40.39M	-133M	-4.56M	31.56M
Change in Unearned Revenues	137M	13.29M	-	-	-
Change in Other Net Operating Assets (Collected)	-2.44B	-203M	1.89B	-130M	-114M
Other Operating Activities	126M	11.41M	43.6M	109M	189M
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	-1.08B	978M	3.46B	1.73B	2.05B
Capital Expenditure	-1.97B	-2.44B	-2.81B	-2.94B	-3.56B
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-6.07M	4.17M	-8.32M	-1.71M	-4.26M
Other Investing Activities, Total	11.96M	10.29M	19.01M	16.06M	4.37M
Cash from Investing	-1.96B	-2.43B	-2.8B	-2.92B	-3.56B
Short Term Debt Issued, Total	-	185M	2.08B	-	-
Long-Term Debt Issued, Total	2.8B	799M	892M	1.24B	1.14B
Total Debt Issued	2.8B	984M	2.97B	1.24B	1.14B
Short Term Debt Repaid, Total	-	-	-2.02B	-242M	-
Long-Term Debt Repaid, Total	-	-200M	-2.2B	-9.92M	-8.08M
Total Debt Repaid	-	-200M	-4.22B	-252M	-8.08M
Issuance of Common Stock	623M	792M	822M	765M	714M
Common Dividends Paid	-324M	-376M	-430M	-493M	-554M
Common & Preferred Stock Dividends Paid	-324M	-376M	-430M	-493M	-554M
Other Financing Activities, Total	47.87M	187M	162M	218M	111M
Cash from Financing	3.14B	1.39B	-697M	1.48B	1.41B
Net Change in Cash	95.92M	-65.17M	-32.31M	290M	-105M
Supplemental Items
Cash Interest Paid	81.9M	98.4M	118M	309M	349M
Cash Income Tax Paid (Refund)	8.2M	15.76M	14.97M	15.35M	4.45M
Net Debt Issued / Repaid	2.8B	784M	-1.25B	988M	1.14B
Levered Free Cash Flow	-2.91B	-1.54B	411M	-1.39B	-1.82B
Unlevered Free Cash Flow	-2.87B	-1.49B	493M	-1.27B	-1.71B
Change In Net Working Capital	1.95B	169M	-2.01B	-144M	-110M

Fiscal Period: September	2021	2022	2023	2024	2025
Profitability
Return on Assets	3.17	2.78	3.01	3.52	3.71
Return on Total Capital	4.1	3.49	3.76	4.39	4.6
Return On Equity %	9.06	8.94	8.73	9.06	9.32
Return on Common Equity	9.05	8.93	8.73	9.05	9.32
Margin Analysis
Gross Profit Margin %	49.77	43.05	48.14	57.92	58.13
SG&A Margin	0.56	-0.2	-0.21	0.26	-0.59
EBITDA Margin %	40.02	34.87	39.3	48.37	49.38
EBITA Margin %	25.99	22.12	25.17	32.28	33.92
EBIT Margin %	25.99	22.12	25.17	32.28	33.76
Income From Continuing Operations Margin %	19.53	18.43	20.72	25.04	25.49
Net Income Margin %	19.53	18.43	20.72	25.04	25.49
Net Avail. For Common Margin %	19.52	18.42	20.71	25.02	25.48
Normalized Net Income Margin	15.03	12.79	14.59	18.51	19.64
Levered Free Cash Flow Margin	-85.42	-36.68	9.6	-33.41	-38.67
Unlevered Free Cash Flow Margin	-84.3	-35.37	11.52	-30.55	-36.39
Asset Turnover
Asset Turnover	0.19	0.2	0.19	0.17	0.18
Fixed Assets Turnover	0.24	0.26	0.23	0.2	0.2
Receivables Turnover (Average Receivables)	15.41	14.46	14.4	14.58	15.26
Inventory Turnover (Average Inventory)	10.96	8.29	6.68	7.51	10.41
Short Term Liquidity
Current Ratio	0.81	0.85	0.65	0.94	0.77
Quick Ratio	0.13	0.12	0.26	0.57	0.43
Operating Cash Flow to Current Liabilities	-0.31	0.27	2.56	1.44	1.5
Days Sales Outstanding (Average Receivables)	23.68	25.24	25.34	25.1	23.92
Days Outstanding Inventory (Average Inventory)	33.32	44.05	54.65	48.71	35.06
Average Days Payable Outstanding	37.38	34.15	41.16	61.78	66.83
Cash Conversion Cycle (Average Days)	19.62	35.13	38.83	12.03	-7.84
Long Term Solvency
Total Debt/Equity	95.65	88.86	65.53	66.86	68.62
Total Debt / Total Capital	48.89	47.05	39.59	40.07	40.69
LT Debt/Equity	64.82	63.12	62.87	66.5	68.13
Long-Term Debt / Total Capital	33.13	33.42	37.98	39.85	40.41
Total Liabilities / Total Assets	59.68	57.56	51.72	51.74	52
EBIT / Interest Expense	10.6	9.04	7.84	7.05	9.25
EBITDA / Interest Expense	16.83	14.67	12.56	10.82	13.86
(EBITDA - Capex) / Interest Expense	-6.74	-9.1	-7.88	-4.59	-6.89
Total Debt / EBITDA	5.38	5.55	4.13	3.94	3.91
Net Debt / EBITDA	5.3	5.51	4.12	3.79	3.83
Total Debt / (EBITDA - Capex)	-13.42	-8.94	-6.59	-9.3	-7.87
Net Debt / (EBITDA - Capex)	-13.22	-8.89	-6.57	-8.95	-7.7
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	20.78	23.31	1.75	-2.58	12.91
Gross Profit, 1 Yr. Growth %	10.64	6.67	13.79	17.2	13.32
EBITDA, 1 Yr. Growth %	9.03	7.42	14.71	21.17	13.48
EBITA, 1 Yr. Growth %	7.9	4.92	15.79	27.06	15.17
EBIT, 1 Yr. Growth %	7.9	4.92	15.79	27.06	15.34
Earnings From Cont. Operations, 1 Yr. Growth %	10.66	16.35	14.39	17.73	14.94
Net Income, 1 Yr. Growth %	10.66	16.35	14.39	17.73	14.94
Diluted EPS Before Extra, 1 Yr. Growth %	4.7	9.38	8.93	11.97	9.22
Normalized Net Income, 1 Yr. Growth %	9.71	4.81	16.12	23.46	19.79
Net Property, Plant and Equip., 1 Yr. Growth %	12.54	14.19	13.61	13.23	13.95
Inventory, 1 Yr. Growth %	63.07	98.16	-27.02	-33.43	2.88
Accounts Receivable, 1 Yr. Growth %	31.49	31.33	-20	16.48	0.55
Total Assets, 1 Yr. Growth %	27.67	13.18	1.46	11.89	12.13
Tangible Book Value, 1 Yr. Growth %	18.41	21.07	15.64	12.91	12.42
Cash From Operations, 1 Yr. Growth %	-204.46	-190.16	253.91	-49.89	18.21
Capital Expenditures, 1 Yr. Growth %	1.75	24.11	14.79	4.67	21.25
Levered Free Cash Flow, 1 Yr. Growth %	180.03	-47.05	-126.64	-451.67	32.59
Unlevered Free Cash Flow, 1 Yr. Growth %	187.78	-48.27	-133.15	-364.26	36.64
Dividend Per Share, 1 Yr. Growth %	8.7	8.8	8.82	8.78	8.07
Common Equity, 1 Yr. Growth %	16.43	19.13	15.4	11.85	11.53
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	8.36	22.04	12.01	-0.44	4.88
Gross Profit, 2 Yr. CAGR %	9.56	8.64	10.17	15.48	15.25
EBITDA, 2 Yr. CAGR %	9.35	8.23	11.01	17.94	17.27
EBITA, 2 Yr. CAGR %	8.74	6.4	10.22	21.38	21.21
EBIT, 2 Yr. CAGR %	8.74	6.4	10.22	21.38	20.99
Earnings From Cont. Operations, 2 Yr. CAGR %	14.08	13.47	15.37	16.05	16.33
Net Income, 2 Yr. CAGR %	14.08	13.47	15.37	16.05	16.33
Diluted EPS Before Extra, 2 Yr. CAGR %	8.49	7.01	9.15	10.44	10.59
Normalized Net Income, 2 Yr. CAGR %	12.24	6.99	10.32	19.8	21.61
Net Property, Plant and Equip., 2 Yr. CAGR %	13.88	13.36	13.9	13.42	13.59
Inventory, 2 Yr. CAGR %	19.32	79.76	20.26	-30.3	-17.25
Accounts Receivable, 2 Yr. CAGR %	14.95	31.41	2.5	-3.47	8.22
Total Assets, 2 Yr. CAGR %	21.11	20.21	7.16	6.55	12.01
Common Equity, 2 Yr. CAGR %	17.26	17.77	17.25	13.61	11.69
Tangible Book Value, 2 Yr. CAGR %	19.56	19.74	18.33	14.27	12.66
Cash From Operations, 2 Yr. CAGR %	5.79	-2.95	78.63	33.17	-23.03
Capital Expenditures, 2 Yr. CAGR %	7.84	12.38	19.36	9.62	12.66
Levered Free Cash Flow, 2 Yr. CAGR %	89.63	21.77	-62.44	-5.58	110.08
Unlevered Free Cash Flow, 2 Yr. CAGR %	95.13	22.01	-58.59	-7.79	85.4
Dividend Per Share, 2 Yr. CAGR %	9.11	8.75	8.81	8.8	8.43
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	3.03	13.13	14.86	6.92	3.83
Gross Profit, 3 Yr. CAGR %	7.82	8.59	10.33	12.47	14.76
EBITDA, 3 Yr. CAGR %	7.98	8.7	10.34	13.89	17.04
EBITA, 3 Yr. CAGR %	7.04	7.45	9.44	14.93	20.46
EBIT, 3 Yr. CAGR %	7.04	7.45	9.44	14.93	20.27
Earnings From Cont. Operations, 3 Yr. CAGR %	3.34	14.83	13.78	16.15	15.68
Net Income, 3 Yr. CAGR %	3.34	14.83	13.78	16.15	15.68
Diluted EPS Before Extra, 3 Yr. CAGR %	-1.92	8.78	7.65	10.08	10.03
Normalized Net Income, 3 Yr. CAGR %	10.26	9.75	9.95	14.58	19.79
Net Property, Plant and Equip., 3 Yr. CAGR %	13.8	13.98	13.44	13.67	13.6
Inventory, 3 Yr. CAGR %	3.67	41.3	33.11	-1.26	-20.64
Accounts Receivable, 3 Yr. CAGR %	7	20.17	11.37	6.96	-2.15
Total Assets, 3 Yr. CAGR %	18.2	18.41	13.6	8.71	8.38
Common Equity, 3 Yr. CAGR %	18.35	17.88	16.98	15.42	12.91
Tangible Book Value, 3 Yr. CAGR %	21.11	20.06	18.35	16.49	13.65
Cash From Operations, 3 Yr. CAGR %	-1.21	0.3	49.38	16.94	27.99
Capital Expenditures, 3 Yr. CAGR %	10.3	13.01	13.17	14.25	13.37
Levered Free Cash Flow, 3 Yr. CAGR %	78.62	23.94	-26.63	-21.81	5.23
Unlevered Free Cash Flow, 3 Yr. CAGR %	85.23	25.35	-20.97	-23.77	4.57
Dividend Per Share, 3 Yr. CAGR %	8.82	9.01	8.77	8.8	8.56
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	6.78	8.77	6.53	7.5	10.76
Gross Profit, 5 Yr. CAGR %	7.71	6.9	8.75	11.3	12.27
EBITDA, 5 Yr. CAGR %	7.54	6.96	9.18	12.05	13.17
EBITA, 5 Yr. CAGR %	6.15	5.03	8.3	12.41	14.21
EBIT, 5 Yr. CAGR %	6.15	5.03	8.3	12.41	14.1
Earnings From Cont. Operations, 5 Yr. CAGR %	14.01	15.14	7.99	15.32	14.79
Net Income, 5 Yr. CAGR %	13.71	14.33	7.99	15.32	14.79
Diluted EPS Before Extra, 5 Yr. CAGR %	8.98	9.24	2.36	9.44	8.81
Normalized Net Income, 5 Yr. CAGR %	8.61	7.31	10.31	13.66	14.5
Net Property, Plant and Equip., 5 Yr. CAGR %	13.08	13.52	13.84	13.76	13.5
Inventory, 5 Yr. CAGR %	0.93	15.21	10.01	6.51	10.06
Accounts Receivable, 5 Yr. CAGR %	7.31	10.82	5.18	10.09	10.1
Total Assets, 5 Yr. CAGR %	14.39	15.6	13.65	13.51	12.96
Common Equity, 5 Yr. CAGR %	17.95	19.29	17.91	16.15	14.83
Tangible Book Value, 5 Yr. CAGR %	21.27	22.35	19.99	17.71	16.04
Cash From Operations, 5 Yr. CAGR %	6.4	2.43	25.2	12.34	14.57
Capital Expenditures, 5 Yr. CAGR %	12.62	16.54	13.84	11.64	12.97
Levered Free Cash Flow, 5 Yr. CAGR %	41.21	32.12	-4.28	11.44	11.84
Unlevered Free Cash Flow, 5 Yr. CAGR %	44.73	36.45	1.74	11.02	11.39
Dividend Per Share, 5 Yr. CAGR %	8.27	8.61	8.82	8.92	8.64