Texas Continues To Drive Growth Supported by Constructive Regulation
Favorable regulation and large infrastructure investments have driven strong earnings growth and steady dividend increases for Atmos Energy.
Atmos Energy Corp ATO
Bulls Say, Bears Say
Bulls
Constructive regulation allows Atmos to adjust customer rates within six months for 90% of capital investments. This reduces regulatory lag and, combined with customer growth, allows Atmos to earn returns at or above allowed returns.
Bears
Dividend-paying stocks like Atmos are sensitive to interest rates. As interest rates go up, dividend-paying stocks often underperform the broader market.
News
-
Atmos Energy Corporation Announces Retirement of John S. McDill and Appointment of Jeff D. Martinez to Senior Vice President, Utility Operations
-
Atmos Energy Corporation Names James H. Jeffries IV to Board of Directors
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Atmos Energy Corporation Reports Earnings for Fiscal 2026 Third Quarter; Reaffirms Fiscal 2026 Guidance
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Atmos Energy Declares Regular Quarterly Dividend
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Atmos Energy Corporation to Host Fiscal 2026 Third Quarter Earnings Conference Call on August 6, 2026
Trading Information
- Previous Close Price
- $156.38
- Day Range
- $156.59–158.62
- 52-Week Range
- $154.72–192.51
- Bid/Ask
- $155.77 / $158.56
- Shares Outstanding
- 168.99M
- Market Cap
- $26.56B
- Volume/Avg
- 843,835 / 1M
Key Statistics
- Price/Earnings (Normalized)
- 18.66
- Price/Sales
- 5.28
- Dividend Yield (Trailing)
- 2.55%
- Dividend Yield (Forward)
- 2.55%
- Dividend Payment Schedule
- Mar, Jun, Sep, Dec
- Total Yield
- 2.55%
Company Profile
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
- Sector
- Utilities
- Industry
- Utilities - Regulated Gas
- Stock Style Box
- Mid Core
- Total Number of Employees
- 5,487
- Website
- https://www.atmosenergy.com
Competitors
Valuation
|
Metric
|
ATO
|
CMS
|
NJR
|
|---|---|---|---|
Price/Earnings (Normalized) | 18.66 | 18.83 | 14.05 |
Price/Book Value | 1.73 | 2.09 | 1.96 |
Price/Sales | 5.28 | 2.21 | 2.32 |
Price/Cash Flow | 10.52 | 8.72 | 8.34 |
Price/Earnings
ATO
CMS
NJR
Financial Strength
|
Metric
|
ATO
|
CMS
|
NJR
|
|---|---|---|---|
Quick Ratio | 0.54 | 0.41 | 0.25 |
Current Ratio | 0.81 | 0.94 | 0.66 |
Interest Coverage | 13.10 | 2.31 | 4.41 |
Quick Ratio
ATO
CMS
NJR
Profitability
|
Metric
|
ATO
|
CMS
|
NJR
|
|---|---|---|---|
Return on Assets (Normalized) | 4.54% | 2.62% | 4.47% |
Return on Equity (Normalized) | 9.40% | 11.60% | 13.77% |
Return on Invested Capital (Normalized) | 6.00% | 5.80% | 7.16% |
Return on Assets
ATO
CMS
NJR
Utilities - Regulated Gas Industry Comparables
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United States