Atmos Energy Corporation (ATO) SEC Filings & Earnings Calls
EquiReason read 15 Atmos Energy Corporation SEC filings in the last 12 months. Latest: 8-K on 2026-10-09 — Atmos Energy entered into an underwriting agreement for a $700M public offering of 6.000% Senior Notes due 2036, expected net proceeds ~$691.4M, closing Oct 9, 2026..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 29.1B
- P/E TTM
- 20.5
- Dividend yield
- 2.2%
- 52-week
- —
- Next earnings
- 4 Nov, in 11 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
9 Oct 20268-K · 8.01Atmos Energy entered into an underwriting agreement for a $700M public offering of 6.000% Senior Notes due 2036, expected net proceeds ~$691.4M, closing Oct 9, 2026.open
Risks flagged
Increased leverage from $700M debt issuance may pressure credit metrics.
“$700 million aggregate principal amount of its 6.000% Senior Notes due 2036” · word for word
9 Oct 20268-K · 1.01Atmos Energy completed a public offering of $700M 6.000% Senior Notes due 2036, net proceeds ~$691.4M, for general corporate purposes.open
Risks flagged
Increased leverage from $700M debt issuance.
“$700 million aggregate principal amount of 6.000% Senior Notes due 2036.”
5 Aug 202610-QAtmos Energy reported strong earnings growth driven by rate outcomes and infrastructure spendingearningsopen
Figures in the filing · each found in the filing text
| Net income · 9M-2026 | $1.23B | +20% y/y |
| Capital expenditure · 9M-2026 | $3.08B | +19% y/y |
| Equity capitalization · 2026-06-30 | 59.8% | |
| Total liquidity · 2026-06-30 | $4.60B | |
| Operating cash flow · 9M-2026 | $1.67B | -2% y/y |
| Total meters in service · Distribution · 2026-06-30 | 3,424,601 | +1% y/y |
Guidance
Anticipates spending approximately $26 billion between fiscal years 2026 and 2030
Company reaffirms long-term capex plan and expects continued rate base growth
Risks flagged
Concentration in Texas operations
“the concentration of our operations in Texas” · word for word
Regulatory recovery risk
“Although we believe these costs are ultimately recoverable through our rates based on the regulatory frameworks currently available to us, full recovery is not assured.” · word for word
5 Aug 20268-K · 2.02Earnings per diluted share $7.33; Net income $1.20B; Capital expenditures $3.10B; Guidance: EPS $8.40-$8.50, capex ~$4.2Bearningsopen
Figures in the filing · each found in the filing text
| Earnings per diluted share · Q3-2026 | $7.33 | |
| Net income · Q3-2026 | $1.20B | |
| Capital expenditures · FY2026 | $3.10B | |
| Available liquidity · Q3-2026 | $4.60B | |
| Annualized regulatory outcomes · FY2026 | $355M | |
| Guidance capital expenditures · FY2026 | $4.20B | |
| Quarterly dividend per share · Q4-2026 | $1.00 | +15% y/y |
| Equity capitalization · Q3-2026 | 60.0% |
Guidance
EPS $8.40-$8.50, capex ~$4.2B
Reaffirmed fiscal 2026 EPS guidance, increased capex guidance, and raised dividend 14.9%.
Risks flagged
Regulatory and political risk from rate proceedings and safety regulations.
“federal, state, and local regulatory and political trends and decisions, including the impact of rate proceedings” · word for word
Operational hazards from natural gas distribution and storage.
“the inherent hazards and risks involved in distributing, transporting, and storing natural gas” · word for word
Climate and environmental regulation risk.
“the impact of legislation to reduce or eliminate greenhouse gas emissions or fossil fuels; the impact of climate change” · word for word
18 Jun 20268-K · 8.01Aggregate principal amount of Notes $700,000.00B; Expected net proceeds $694M; Interest rate 4.75open
Figures in the filing · each found in the filing text
| Aggregate principal amount of Notes · 2026-06-15 | $700000.00B | |
| Expected net proceeds · 2026-06-15 | $694M | |
| Interest rate · 2026-06-15 | 4.8% |
Risks flagged
Increased debt obligations with covenants limiting liens, sale-leaseback, mergers, and asset sales.
“The Indenture includes covenants that limit the ability of Atmos Energy...to grant specified liens, engage in sale and leaseback transactions, consolidate or merge, or sell all or substantially all assets.”
18 Jun 20268-K · 1.01Atmos Energy completed a public offering of $700M 4.750% Senior Notes due 2032, receiving net proceeds of ~$693.9M. The notes are unsecured senior obligations ranking equally with existing unsubordinated debt. This is a routine debt financiopen
Figures in the filing · each found in the filing text
| Aggregate principal amount of Notes · 2026-06-18 | $700000.00B | |
| Net proceeds · 2026-06-18 | $694M | |
| Interest rate · 2026-06-18 | 4.8% |
Risks flagged
Increased debt obligations with covenants limiting liens, sale-leaseback, mergers, and asset sales.
“The Indenture includes covenants that limit the ability of Atmos Energy...to grant specified liens, engage in sale and leaseback transactions, consolidate or merge, or sell all or substantially all assets.” · word for word
6 May 20268-K · 2.02Earnings per diluted share $5.92; Net income $985M; Capital expenditures $2.00B; Guidance: EPS guidance raised from $8.15-$8.35 to $8.40-$8.50earningsopen
Figures in the filing · each found in the filing text
| Earnings per diluted share · Q2-2026 | $5.92 | |
| Net income · Q2-2026 | $985M | |
| Capital expenditures · H1-2026 | $2.00B | |
| Equity capitalization | 60.9% | |
| Available liquidity | $4.10B | |
| Annualized regulatory outcomes | $135M | |
| Guidance EPS range low · FY2026 | $8.40 | |
| Guidance EPS range high · FY2026 | $8.50 | |
| Capital expenditure guidance · FY2026 | $4.20B | |
| Quarterly dividend per share | $1.00 |
Guidance
EPS guidance raised from $8.15-$8.35 to $8.40-$8.50
Raised EPS guidance, strong Q2 results, increased dividend, and maintained capex plan.
Risks flagged
Regulatory outcomes and capex execution are key to maintaining guidance.
“Guidance raise supported by regulatory outcomes and capex plan.”
6 May 202610-QNet income $985M (+18% y/y); Operating revenues - Distribution $3.14B (+5% y/y); Operating income - Distribution $915M (+14% y/y)open
Figures in the filing · each found in the filing text
| Net income · 6M-2026 | $985M | +18% y/y |
| Operating revenues - Distribution · Distribution · 6M-2026 | $3.14B | +5% y/y |
| Operating income - Distribution · Distribution · 6M-2026 | $915M | +14% y/y |
| Operating revenues - Pipeline & Storage · Pipeline & Storage · 6M-2026 | $576M | +12% y/y |
| Operating income - Pipeline & Storage · Pipeline & Storage · 6M-2026 | $364M | +26% y/y |
| Capital expenditures · 6M-2026 | $2.04B | +19% y/y |
| Operating cash flow · 6M-2026 | $1.03B | -14% y/y |
| Total meters · Distribution · Q2-2026 | 3,442,408 | +1% y/y |
| Total distribution throughput · Distribution · Q2-2026 | 159,403,000 | -16% y/y |
| Pipeline transportation volumes · Pipeline & Storage · Q2-2026 | 230,341,000 | -6% y/y |
Risks flagged
Regulatory recovery not assured
“Although we believe these costs are ultimately recoverable through our rates based on the regulatory frameworks currently available to us, full recovery is not assured.” · word for word
Higher gas costs impact bad debt and interest
“higher gas costs may adversely impact our accounts receivable collections, resulting in higher bad debt expense.” · word for word
30 Mar 20268-K · 1.01, 2.03Atmos Energy extends maturity of two $1.5B revolving credit facilities by one year each, to 2029 and 2031.open
Figures in the filing · each found in the filing text
| Three Year Credit Facility size · FY2026 | $1.50B | |
| Five Year Credit Facility size · FY2026 | $1.50B |
3 Feb 202610-QAtmos Energy reported Q1 FY2026 net income +15% YoY, driven by positive rate outcomes and Texas infrastructure legislation.earningsopen
Figures in the filing · each found in the filing text
| Net income · Q1-2026 | $403M | +15% y/y |
| Diluted earnings per share · Q1-2026 | $2.44 | +9% y/y |
| Capital expenditures · Q1-2026 | $1.03B | |
| Total liquidity · 2025-12-31 | $4.60B | |
| Equity capitalization · 2025-12-31 | 59.9% | |
| Distribution sales volumes · Distribution · Q1-2026 | 75,133,000 | +5% y/y |
Guidance
Anticipates ~$26B capex FY2026-2030, >80% safety and reliability
Atmos reaffirms long-term capex plan of $26B through 2030, with positive regulatory momentum and strong liquidity.
Risks flagged
Regulatory disallowance risk
“Although we believe these costs are ultimately recoverable through our rates based on the regulatory frameworks currently available to us, full recovery is not assured.” · word for word
Interest rate and financing risk
“A significant degradation in our operating performance or a significant reduction in our liquidity...could trigger a negative change in our ratings outlook or even a reduction in our credit ratings.” · word for word
3 Feb 20268-K · 2.02Earnings per diluted share $2.44; Net income $403M; Capital expenditures $1.00B; Guidance: FY2026 EPS guidance affirmed $8.15-$8.35; capex ~$4.2Bearningsopen
Figures in the filing · each found in the filing text
| Earnings per diluted share · total · Q1-2026 | $2.44 | |
| Net income · total · Q1-2026 | $403M | |
| Capital expenditures · total · Q1-2026 | $1.00B | |
| Equity capitalization · total · Q1-2026 | 59.9% | |
| Available liquidity · total · Q1-2026 | $4.60B | |
| Annualized regulatory outcomes · total · Q1-2026 | $123M | |
| FY2026 capex guidance · total · FY2026 | $4.20B | |
| Indicated annual dividend · total · FY2026 | $4.00 | +15% y/y |
Guidance
FY2026 EPS guidance affirmed $8.15-$8.35; capex ~$4.2B
Guidance affirmed; strong Q1 results; dividend increase and capex plan support positive outlook.
Risks flagged
Regulatory and political risks; climate change legislation; cybersecurity threats.
“Standard risk factors disclosed in forward-looking statements.”
19 Dec 2025DEF 14AAtmos Energy filed its definitive proxy statement for the 2026 annual meeting, including proposals to increase authorized shares, adopt plurality voting, limit officer liability, clarify indemnification, and make technical amendments.open
Figures in the filing · each found in the filing text
| Net Income · FY2025 | $1.20B | +15% y/y |
| Diluted Earnings Per Share · FY2025 | $7.46 | +9% y/y |
| Capital Expenditures · FY2025 | $3.60B | |
| Dividends Declared Per Share · FY2025 | $3.48 | +8% y/y |
| Annualized Regulatory Outcomes · FY2025 | $334M | |
| Equity Capitalization Ratio · 2025-09-30 | 60.0% | |
| CEO Total Compensation · FY2025 | $10M | |
| Median Employee Total Compensation · FY2025 | $94123.00 | |
| CEO Pay Ratio · FY2025 | $106.00 | |
| Say-on-Pay Support · 2025 | 92.0% |
Risks flagged
Capital-intensive business requires external financing
“Our business is capital intensive, requiring significant resources to fund operating expenses and capital project expenditures.” · word for word
Regulatory lag and legislative changes impact earnings
“Due to the passage of Texas House Bill 4384 and Senate Bill 2780 on June 20, 2025, we recorded an additional $27 million in pre-tax income, or $0.12 per diluted share.” · word for word
14 Nov 202510-KOperating cash flow $2.05B (+18% y/y); Capital expenditures $3.60B (+24% y/y); Customer meters 3,400,000; Guidance: capital expenditures guided to $3.6B in FY2025 vs $2.9B in FY2024, +24%open
Figures in the filing · each found in the filing text
| Operating cash flow · FY2025 | $2.05B | +18% y/y |
| Capital expenditures · FY2025 | $3.60B | +24% y/y |
| Customer meters · 2025-09-30 | 3,400,000 | |
| Employees · 2025-09-30 | 5,487 | |
| Net proceeds from long-term debt and equity issuance · FY2025 | $1.80B | |
| Dividend rate increase · FY2025 | 8.1% |
Guidance
capital expenditures guided to $3.6B in FY2025 vs $2.9B in FY2024, +24%
Strong capex growth supported by regulatory mechanisms; operating cash flow and dividend growth positive.
Risks flagged
Regulatory lag risk
“Regulatory lag could significantly increase if the regulatory authorities modify or terminate these rate mechanisms.” · word for word
Concentration in Texas
“Approximately 75 percent of our consolidated operations are located in the State of Texas.” · word for word
Climate regulation risk
“Legislation to reduce or eliminate greenhouse gas emissions or fossil fuels could increase our operating costs, adversely affecting our financial results.” · word for word
5 Nov 20258-K · 2.02Earnings per diluted share $7.46; Net income $1.20B; Capital expenditures $3.60B; Guidance: FY2026 EPS guidance $8.15-$8.35 (up ~10% YoY); capex guidance ~$4.2B (up ~17% YoY); dividend raised 14.9%earningsopen
Figures in the filing · each found in the filing text
| Earnings per diluted share · FY2025 | $7.46 | |
| Net income · FY2025 | $1.20B | |
| Capital expenditures · FY2025 | $3.60B | |
| Equity capitalization · FY2025 | 60.3% | |
| Available liquidity · FY2025 | $4.90B | |
| Annualized regulatory outcomes · FY2025 | $334M | |
| FY2026 capital expenditure guidance · FY2026 | $4.20B | +17% y/y |
| Indicated annual dividend · FY2026 | $4.00 | +15% y/y |
Guidance
FY2026 EPS guidance $8.15-$8.35 (up ~10% YoY); capex guidance ~$4.2B (up ~17% YoY); dividend raised 14.9%
Strong guidance initiation with EPS growth, capex increase, and dividend raise reflecting confidence in future performance.
Risks flagged
Regulatory risk from rate proceedings and potential changes in natural gas regulation.
“Risks relating to regulatory trends and decisions, including the impact of rate proceedings before various state regulatory commissions.” · word for word
Capital-intensive business model requires continued access to capital markets.
“The capital-intensive nature of our business; our ability to continue to access the credit and capital markets to execute our business strategy.” · word for word
Atmos Energy Corporation — questions
- What did Atmos Energy Corporation file recently?
- 15 SEC filings in the last 12 months. Latest: 8-K on 2026-10-09 — Atmos Energy entered into an underwriting agreement for a $700M public offering of 6.000% Senior Notes due 2036, expected net proceeds ~$691.4M, closing Oct 9, 2026.
Every figure on this page comes from Atmos Energy Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.