Atmos Energy earnings: date, guidance and results
MyStockButler's October 2026 analysis: Atmos Energy’s next results are expected on November 4, 2026. Watch whether Atmos Energy’s rate recovery keeps pace with construction.
What has Atmos Energy guided for the year?
Management guides to FY2026 diluted EPS of US$8.40–US$8.50 and capital spending of US$4,200 million. It indicates an annual dividend of US$4.00. For FY2027–2030, it targets annual EPS and dividend-per-share growth of 6%–8%. It also expects 90% of annual capital spending to begin earning within six months.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Diluted EPS | Year to Sep 2026 | 8.40 | 8.50 | Sep 11, 2026 |
| Capital Spending | Year to Sep 2026 | 4,200 | 4,200 | Sep 11, 2026 |
| Indicated annual dividend | Year to Sep 2026 | 4.00 | 4.00 | Aug 5, 2026 |
| earnings per share and dividend per share growth | Years to Sep 2027–2030 | 6.0% | 8.0% | Sep 11, 2026 |
| Annual Capital Spend Begins to Earn Within Six Months | Years to Sep 2026–2030 | 90.0% | 90.0% | Sep 11, 2026 |
What this means. “Distribution” and “Pipeline & Storage” are parts of the company’s net income, not cash payments to shareholders or storage costs.
Did Atmos Energy keep its past promises?
Management also kept a financial promise. On November 6, 2024, it forecast fiscal 2025 EPS of $7.05–$7.25 and an annual dividend of $3.48 per share. It delivered EPS of $7.46 and dividends of $3.48. Financial delivery supports confidence, but it cannot substitute for a safety scorecard.
| What management forecast | Checked | Above | Within | Below |
|---|---|---|---|---|
| Earnings per diluted share | 4 years | 2 | 2 | 0 |
| Capital expenditures | 4 years | 2 | 1 | 1 |
| Indicated annual dividend | 4 years | 0 | 4 | 0 |
What this means. The headline says four of five promises were kept, but the table lists four years for each of three forecasts, so the total is unclear.
What do Atmos Energy’s last eight quarters show?
Revenue rose from 838,774 in June 2025 to 879,059 in June 2026. Operating income rose from 252,067 to 320,414. Net income increased from 186,429 to 242,689, while diluted EPS rose from $1.16 to $1.43. The smaller per-share increase again reflects a larger share base.
Quarter-to-quarter comparisons are misleading because winter demand dominates. The eight-quarter record is therefore most useful for year-over-year comparisons, which show continuing improvement through a seasonal business.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 879,059 | 1,962,402 | 1,342,585 | 737,480 | 838,774 | 1,950,502 | 1,175,999 | 657,944 |
| Operating income | 320,414 | 764,804 | 514,764 | 219,485 | 252,067 | 628,939 | 459,480 | 185,000 |
| Net income | 242,689 | 581,899 | 402,964 | 174,891 | 186,429 | 485,576 | 351,858 | 134,016 |
| EPS, diluted | 1.43 | 3.47 | 2.44 | 1.07 | 1.16 | 3.03 | 2.23 | 0.86 |
| Cash from operations | 639,919 | 723,489 | 308,058 | 348,124 | 496,373 | 922,937 | 282,022 | 330,682 |
| = Free cash flow | -399,427 | -280,099 | -725,289 | -615,488 | -370,557 | 83,271 | -609,169 | -477,305 |
What this means. Gross margin can be above 100 percent here because credits for gas costs were larger than the gas costs, so the company is not keeping more than all its sales as profit.
What should investors watch in Atmos Energy’s next results?
The next scheduled earnings call is November 5, 2026. It should compare fiscal 2026 results with the raised target and provide the next annual outlook. Management also expects most of seven pending rate filings to take effect in fiscal 2027’s first quarter, October–December 2026. Their actual dates will show whether regulatory recovery is keeping pace with construction.