Atmos Energy Corp.: Q1 FY2026 earnings call

What management said about Q1 FY2026, from the documents filed with the SEC on 3 February 2026: press release. Guidance figures: 3 kept. The quarter’s numbers.

Key takeaways

Diluted EPS of $2.44: The company reported diluted EPS of $2.44 on net income of $403.0 million for the first fiscal quarter ended December 31, 2025. Source
Fiscal 2026 EPS guidance affirmed: The company affirmed its fiscal 2026 diluted EPS guidance of $8.15 to $8.35, the range first given in the November 5, 2025 release. Source
Capital expenditures of $1.0 billion: Capital expenditures were $1.0 billion, with over 85% focused on safety and reliability. Fiscal 2025 capital expenditures were $3.6 billion, about 87% on safety and reliability. Source
$122.5 million annualized regulatory outcomes: The company reported $122.5 million in annualized regulatory outcomes under its Fiscal Year Highlights. The November 5, 2025 release reported $333.6 million for the same measure. Source
Equity capitalization and liquidity: The company reported 59.9% equity capitalization and $4.6 billion in available liquidity. The previous release gave 60.3% and $4.9 billion. Source
Quarterly dividend of $1.00: The Board declared a quarterly dividend of $1.00 per common share. The indicated fiscal 2026 annual dividend is $4.00, up 14.9% over fiscal 2025. Source

Guidance

Area	Period	Figure	Against last quarter
Diluted EPS Source	fiscal 2026	$8.15 - $8.35 per diluted share	Kept
Capital expenditures Source	fiscal 2026	approximately $4.2 billion	Kept
Dividend (indicated annual) Source	fiscal 2026	$4.00 per common share	Kept

What changed from last quarter

Guidance kept: Fiscal 2026 EPS guidance was affirmed at $8.15 to $8.35 per diluted share, the same range as the November 5, 2025 release. Source
Guidance kept: Fiscal 2026 capital expenditure guidance remains approximately $4.2 billion, the same as the November 5, 2025 release. Source
Guidance kept: The quarterly dividend is $1.00 per common share, and the indicated fiscal 2026 annual dividend is $4.00, the same as the previous release. Source

Quarterly results and earnings

Diluted EPS of $2.44: The company reported diluted EPS of $2.44 on net income of $403.0 million for the first fiscal quarter ended December 31, 2025. Source
Fiscal 2026 EPS guidance affirmed: The company affirmed its fiscal 2026 diluted EPS guidance of $8.15 to $8.35, the range first given in the November 5, 2025 release. Source

Capital spending and safety focus

Capital expenditures of $1.0 billion: Capital expenditures were $1.0 billion, with over 85% focused on safety and reliability. Fiscal 2025 capital expenditures were $3.6 billion, about 87% on safety and reliability. Source
Fiscal 2026 capital plan held: Fiscal 2026 capital expenditure guidance remains at approximately $4.2 billion. Source

Regulatory outcomes implemented

$122.5 million annualized regulatory outcomes: The company reported $122.5 million in annualized regulatory outcomes under its Fiscal Year Highlights. The November 5, 2025 release reported $333.6 million for the same measure. Source

Balance sheet and liquidity

Equity capitalization and liquidity: The company reported 59.9% equity capitalization and $4.6 billion in available liquidity. The previous release gave 60.3% and $4.9 billion. Source

Dividend and shareholder returns

Quarterly dividend of $1.00: The Board declared a quarterly dividend of $1.00 per common share. The indicated fiscal 2026 annual dividend is $4.00, up 14.9% over fiscal 2025. Source

Customers and pipeline footprint

About 3.4 million customers: The company describes itself as delivering natural gas to approximately 3.4 million distribution customers in over 1,400 communities across eight states, located primarily in the South. Source
Texas pipeline and storage assets: The company manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Source

Figures management reported

Figure	Reported
Rate cases Source	$122.5 million in annualized regulatory outcomes implemented
Capital plan Source	fiscal 2026 capital expenditures approximately $4.2 billion
Customer count Source	approximately 3.4 million distribution customers
EPS growth target Source	fiscal 2026 diluted EPS guidance $8.15 - $8.35 per diluted share

Other quarters

Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.

As filed with the SEC

Open the filing on EDGAR

Atmos Energy Corporation Reports Earnings for Fiscal 2026 First Quarter;

Affirms Fiscal 2026 Guidance

DALLAS (February 3, 2026) - Atmos Energy Corporation (NYSE: ATO) today reported consolidated results for its first fiscal quarter ended December 31, 2025. This news release should be read in conjunction with our earnings slides which are concurrently being posted at www.atmosenergy.com.

Fiscal Year Highlights

Earnings per diluted share of $2.44 on net income of $403.0 million.
Capital expenditures were $1.0 billion; over 85% focused on safety and reliability.
Strong financial profile with 59.9% equity capitalization and $4.6 billion in available liquidity.
Implemented $122.5 million in annualized regulatory outcomes.

Outlook

Fiscal 2026 earnings per diluted share guidance affirmed in the range of $8.15 - $8.35 per diluted share.
Fiscal 2026 capital expenditure guidance expected to be approximately $4.2 billion.
The company's Board of Directors has declared a quarterly dividend of $1.00 per common share. The indicated annual dividend for fiscal 2026 is $4.00, which represents a 14.9% increase over fiscal 2025.

Conference Call to be Webcast February 4, 2026

Atmos Energy will host a conference call with financial analysts to discuss the fiscal 2026 first quarter financial results on Wednesday, February 4, 2026, at 9:00 a.m. Eastern Time. The domestic telephone number is 800-715-9871 and the international telephone number is 646-307-1963. The conference ID is 15904. The conference call will be webcast live on the Atmos Energy website at www.investors.atmosenergy.com/events-and-presentations. A playback of the call will be available on the website later that day.

Forward-Looking Statements

Forward-looking statements notice

The matters discussed in this news release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical fact included in this news release are forward-looking statements made in good faith by the company and are intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. When used in this news release or any of the company’s other documents or oral presentations, the words “anticipate”, “believe”, “estimate”, “expect”, “forecast”, “goal”, “intend”, “objective”, “plan”, “projection”, “seek”, “strategy” or similar words are intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those discussed in this release, including the risks relating to regulatory trends and decisions, the company’s ability to continue to access the credit and capital markets, and the other factors discussed in the company’s reports filed with the Securities and Exchange Commission. These risks and uncertainties include the following: federal, state, and local regulatory and political trends and decisions, including the impact of rate proceedings before various state regulatory commissions; increased federal regulatory oversight and potential penalties; possible increased federal, state, and local regulation of the safety of our operations; possible significant costs and liabilities resulting from pipeline integrity and other similar programs and related repairs; the inherent hazards and risks involved in distributing, transporting, and storing natural gas; the availability and accessibility of contracted gas supplies, interstate pipeline, and/or storage services; increased competition from energy suppliers and alternative forms of energy; failure to attract and retain a qualified workforce; natural disasters, adverse weather, terrorist activities, or other events and other risks and uncertainties discussed herein, all of which are difficult to predict and many of which are beyond our control; failure of technology that affects the Company's business operations; the threat of cyber-attacks or acts of cyber-terrorism that could disrupt our business operations and information technology systems or result in the loss or exposure of confidential or sensitive customer, employee, or Company information; the impact of new cybersecurity compliance requirements; adverse weather conditions; the impact of legislation to reduce or eliminate greenhouse gas emissions or fossil fuels; the impact of climate change; the capital-intensive nature of our business; our ability to continue to access the credit and capital markets to execute our business strategy; market risks beyond our control affecting our risk management activities, including commodity price volatility, counterparty performance or creditworthiness, and interest rate risk; the concentration of our operations in Texas; the impact of adverse economic conditions on our customers; changes in the availability and price of natural gas; and increased costs of providing health care benefits, along with pension and postretirement health care benefits and increased funding requirements.

Accordingly, while we believe these forward-looking statements to be reasonable, there can be no assurance that they will approximate actual experience or that the expectations derived from them will be realized. Further, the company undertakes no obligation to update or revise any of our forward-looking statements whether as a result of new information, future events or otherwise.

About Atmos Energy

Atmos Energy Corporation, a natural gas-only distributor, is an S&P 500 company headquartered in Dallas. We safely deliver reliable, efficient, and abundant natural gas to approximately 3.4 million distribution customers in over 1,400 communities across eight states located primarily in the South. As part of our vision to be the safest provider of natural gas services, we are modernizing our business and infrastructure while continuing to invest in safety, innovation, environmental sustainability, and our communities. Atmos Energy manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas. Find us online at http://www.atmosenergy.com, Facebook, Twitter, Instagram and YouTube.

Contacts
Analysts and Media Contact:
Dan Meziere (972) 855-3729