Inside the research

Atmos Energy Corporation

ATO Research profile · latest available data

Price overview

$157.21

▲ +0.79 (+0.5%)

52w hi$190.06
52w lo$156.24
Vol1.04M
As of25 Sep 2026

The Verdict

Sell

Our score -0.52

Short-0.38
Medium-0.72
Long-0.38

computed 2026-09-27

Key fundamentals

Atmos Energy Corporation

Utilities · Utilities - Regulated Gas

Market cap$26.57B
Enterprise value$36.37B
Trailing P/E18.72x
Forward P/E17.43x
EV / EBITDA13.86x
P / S (ttm)5.40x
Profit margin28.5%
Return on equity9.8%
Revenue growth+4.8%
Earnings growth+23.3%
Debt / equity67.66

Layer Breakdown

LayerRawContribution
Fundamental+0.26
Sector-0.10
Technical-0.41
Earnings+0.00
Sentiment+0.05

macro × 1.00 · 2026-09-27

Business overview

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.4 million residential, commercial, public authority, and industrial customers; and owned 76,000 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,700 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is based in Dallas, Texas.

United States · www.atmosenergy.com

Risk Metrics

Beta vs SPX0.10
Corr SPX0.09
Annual vol16.4%
Annual ret+8.4%
Sharpe0.51
Max DD-18.7%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$190.27
High / Low$206.00 / $165.00
Median$192.00
Analysts11
Strong Buy1
Buy1
Hold11
Sell0
Strong Sell1

Recent rating actions

2026-05-08Citigroup→ Neutral
2026-04-21Truist Securities→ Hold
2026-04-21Morgan Stanley→ Equal-Weight
2026-04-08Barclays→ Equal-Weight
2026-01-27Barclays→ Equal-Weight
2026-01-15Barclays→ Equal-Weight

Material Events

DateEvent8-K
2026-08-10Officer / Director Change, Reg FD Disclosure…read
2026-08-05Earnings Release, Exhibitsread
2026-06-18Material Agreement, Exhibitsread
2026-06-18Other Material Event, Exhibitsread
2026-05-06Earnings Release, Exhibitsread
2026-03-30Material Agreement, Material Obligationread
2026-02-10Bylaws Amendment, Shareholder Vote…read
2026-02-03Earnings Release, Exhibitsread
2025-11-05Earnings Release, Exhibitsread
2025-10-01Material Agreement, Exhibitsread
2025-10-01Other Material Event, Exhibitsread
2025-08-06Earnings Release, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-11WARE WILLIAM JAMESBuy300$50.28K
2026-07-01GARZA RAFAEL GGrant65$11.24K
2026-05-02ROBBINS J MATTSR VP, HUMAN RESOURCESOption exercise2.81K$534.12K
2026-05-02ROBBINS J MATTSR VP, HUMAN RESOURCESWithheld for tax1.04K$197.71K
2026-05-02MCDILL JOHN SSR VP, UTILITY OPERATIONSOption exercise2.81K$534.12K
2026-05-02MCDILL JOHN SSR VP, UTILITY OPERATIONSWithheld for tax1.04K$197.71K
2026-05-02HARTSFIELD KAREN ESenior AdvisorOption exercise2.81K$534.12K
2026-05-02HARTSFIELD KAREN ESenior AdvisorWithheld for tax1.04K$197.71K
2026-05-02Forsythe Christopher TSR VICE PRESIDENT & CFOOption exercise3.97K$753.27K
2026-05-02Forsythe Christopher TSR VICE PRESIDENT & CFOWithheld for tax1.56K$296.56K

Flow & Concentration

Insider 180d net$50.28K
Insider buys / sells1 / 0
Insider biasNeutral
13F holders9
Top-5 share95.9%
HHI4,492 (concentrated)

Top Holders

HolderValueShares
State Street Corp$1.96B11.38M
AQR Capital Management$408.95M2.37M
Citadel Advisors$304.35M1.77M
Capital Research / Capital World$122.84M713.09K
Fidelity / FMR LLC$113.77M660.43K
Renaissance Technologies$77.16M447.90K
Millennium Management$46.99M272.77K
Bridgewater Associates$617.93K3.59K
T. Rowe Price Group$427.51K2.48M

As of 2026-06-30

Dividends

Yield (TTM)1.27%
$ / share (TTM)$2.00
5y CAGR+9.0%

Annual dividend per share

2021$2.56
2022$2.78
2023$3.02
2024$3.29
2025$3.61
2026$1.00

SEC Filings

DateFormDoc
2026-08-124view
2026-08-108-Kview
2026-08-0510-Qview
2026-08-058-Kview
2026-07-024view
2026-07-024view
2026-06-2511-Kview
2026-06-188-Kview
2026-06-188-Kview
2026-06-17424B2view
2026-06-15424B5view
2026-05-0610-Qview
2026-05-068-Kview
2026-05-044view
2026-05-044view

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$4.28B+4.6%
Gross profit$381.67M-18.7%
Operating income$1.07B+6.3%
Net income$1.04B+11.4%
Cash from ops$1.73B+10.8%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$156.11$157.50$155.39$157.211.04M
Sep 24$156.94$157.70$156.01$156.421.22M
Sep 23$156.53$157.32$155.00$156.241.07M
Sep 22$158.02$158.88$157.26$157.34999.10K
Sep 21$160.26$160.41$158.15$158.271.06M

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