Analyst Report: Atmos Energy Corp.

Argus

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Jan 15, 2026

Summary

Atmos Energy Corp., headquartered successful Dallas, is simply a earthy state organisation institution with six main inferior subsidiaries and nary energy operations. As of the opening of 2026, the institution serves much than 3.4 cardinal customers with regulated utilities successful 8 states from Colorado to Virginia. The company's state distribution, pipeline, and retention operations service Texas, Louisiana, and Mississippi, and see 1 of the largest intrastate earthy state pipeline systems successful Texas. Atmos presently has astir 76,000 miles of organisation and pipeline and 5,700 miles of intrastate pipeline. Management feels that its regulatory and legislative situation is favorable.

The institution is unsocial among peers, arsenic its fiscal twelvemonth ends successful September. With earthy state arsenic a starring home heating fuel, the institution has importantly stronger results successful cold-weather quarters. The institution has had favorable yearly net comparisons for 23 consecutive years and issued dividend inc