NYSE · ATO
Atmos Energy Corporation
Utilities · Regulated Gas
$172.41▲ 0.78% ($1.34)at close
As of 4:02 PM ET
Valuation
Revenue & margin DCF
Verdict: fairly priced. Price above Base.
The price needs 5.8% revenue growth a year for 10 years. Our scenarios assume 2.3–4.4%.
That's below its past 4-year pace of 8.4%.
Value per share
Base case
$128.62
Price used $172.41 is 34% above this
USD · TTM ending Jun 30, 2026 · Price Oct 30, 8:02 PM UTC
Revenue each value needs
Revenue today $4.9B. The price needs $8.7B by 2036. Base case: $6.7B. At its recent pace: $11B. Bear to Bull: $6.2B to $7.6B.
Revenue today $4.9B. The price needs $8.7B by 2036. Base case: $6.7B. At its recent pace: $11B. Bear to Bull: $6.2B to $7.6B.
Revenue in 2036
today $4.9B
+$1.9Bmore than the Base case · 1.3×
Value per share · Base case
$128.62
Price $172.41
34% above this
- 10-yr revenue CAGR
- 3.2%
- Ending operating margin
- 30.0%
- Discount rate
- 5.7%
USD · TTM ending Jun 30, 2026 · Price Oct 30, 8:02 PM UTC
What each scenario assumes. Click a column to start from it.
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock fell 0.54% over the last year. Revenue grew 6.45% over the trailing twelve months. Operating margin moved from 33% to 36.97%. Free cash flow declined 47.06% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower 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 36.97%. A decisive move in revenue — currently up 6.45% — would be the clearest signal to resolve the ambiguity.
Return analysis
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.
Market multiples
Stock splits
Every 2 shares became 3
Every 1 shares became 2
Profitability & growth
Analyst consensus
9
Buy
14
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Actuals vs estimates by quarter, or any quarter against the same one a year earlier.
Next report
Nov 4, 2026
Q4 FY26 · EPS est $1.14 · Revenue est $873.8M
Same quarter, year over year
FY26 YTD +14.3%Each cell vs the same quarter a year earlier (the cell below) · Q1–Q3 combined $7.34 vs $6.42 · all 3 quarters up
Q1
Q2
Q3
Q4
FY total
FY26
—
FY25
FY24
FY23
—
—
—
—
Fiscal year totals
- FY25
- $7.49
- +9.0%
- FY24
- $6.87
- —
Q3 FY26
Reported Aug 5, 2026 · Latest
HoverTap a cell to inspect
Actual
$1.43
Estimate
$1.35
Year over year
+23.3%
Vs prior quarter
-58.8%
Institutional Sentiment
Atmos Energy Corporation · ATO
From Form 13F filings (managers with $100M+). Filings land up to 45 days after quarter end — read this as positioning context, not live fund flow.