NYSE: ATO
Atmos Energy Corporation
Utilities · Regulated Gas
Market Cap
$28.39B
52w High
$192.51
52w Low
$149.98
P/E
21.21
Volume
2.23M
Outstanding Shares
166.92M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 11.63% over the last year. Revenue grew 8.81% over the trailing twelve months. Operating margin moved from 33.3% to 35.87%. Free cash flow declined 52.53% over the trailing twelve months.
What the market seems to be pricing
The stock has moved higher against modestly improving underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 35.87%. A decisive move in revenue — currently up 8.81% — would be the clearest signal to resolve the ambiguity.
Company profile
Atmos Energy Corporation, alongside its subsidiaries, is a U.S.-based enterprise primarily involved in the regulated distribution of natural gas, as well as operating pipeline and storage facilities.
Valuation
Stock splits
Every 2 shares became 3
Every 1 shares became 2
Profitability & growth
Analyst consensus
9
Buy
13
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 5, 2026
Q3 FY26 · EPS est $1.32 · Revenue est $911.26M
View
Dividends
$3.87/shareQuarterlyDividend Aristocrat · 40yrAt RiskATO pays a dividend with a 2.27% dividend yield, 40 consecutive years of growth, growing at 9.57% annually, covered -2.7× by free cash flow.
Dividend Yield
2.27%
Annual Div / Share
$3.87
5yr CAGR
+9.57%
Doubles every ~7.6yr
Payout Ratio
44.9%
At Risk
Dividend Growth Rate
3yr CAGR
+10.1%
5yr CAGR
+9.57%
10yr CAGR
+8.9%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$2/mo
In 5 yrs
$3/mo
In 10 yrs
$5/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$23/yr $2/mo | $36/yr+58% $3/mo | $57/yr+150% $5/mo |
Yield-on-cost grows from 2.27% → 5.68% over 10yr
Analysis
Dividend Strengths
Dividend Aristocrat
ATO has raised its dividend for 40 consecutive years — qualifying as a Dividend Aristocrat, demonstrating long-term commitment to shareholder income.
Strong dividend growth rate
The 5-year CAGR of 9.57% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
Dividend exceeds free cash flow
Free cash flow covers only -2.73× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.