Last $47.70 USD
Change Today -0.14 / -0.29%
Volume 719.8K
ATO On Other Exchanges
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As of 8:04 PM 09/30/14 All times are local (Market data is delayed by at least 15 minutes).

atmos energy corp (ATO) Snapshot

Open
$47.84
Previous Close
$47.84
Day High
$48.16
Day Low
$47.56
52 Week High
07/1/14 - $53.47
52 Week Low
10/8/13 - $40.87
Market Cap
4.8B
Average Volume 10 Days
502.3K
EPS TTM
$2.87
Shares Outstanding
100.4M
EX-Date
08/21/14
P/E TM
16.6x
Dividend
$1.48
Dividend Yield
3.10%
Current Stock Chart for ATMOS ENERGY CORP (ATO)

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atmos energy corp (ATO) Details

Atmos Energy Corporation, together with its subsidiaries, is engaged in the distribution, transmission, and storage of natural gas in the United States. It operates in three segments: Natural Gas Distribution, Regulated Transmission and Storage, and Nonregulated. The Natural Gas Distribution segment is involved in regulated natural gas distribution and related sales operations. This segment distributes natural gas to approximately three million residential, commercial, public authority, and industrial customers. As of September 30, 2013, it owned approximately 67,146 miles of underground distribution and transmission mains. The Regulated Transmission and Storage segment is engaged in the regulated pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage reservoirs in Texas; and provides ancillary services in the pipeline industry, including parking arrangements, lending, and sales of excess gas. It owns 5,628 miles of gas transmission and gathering lines. The Nonregulated segment provides natural gas management, marketing, transportation, and storage services to municipalities, local gas distribution companies, and industrial customers primarily in the Midwest and Southeast. This segment owns 110 miles of gas transmission and gathering lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.

4,720 Employees
Last Reported Date: 11/13/13
Founded in 1906

atmos energy corp (ATO) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $868.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $374.8K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $351.5K
Senior Vice President of Utility Operations
Total Annual Compensation: $337.0K
Senior Vice President of Human Resources
Total Annual Compensation: $326.1K
Compensation as of Fiscal Year 2013.

atmos energy corp (ATO) Key Developments

Atmos Energy Corporation Enters into the Fourth Amendment to Revolving Credit Agreement

On August 22, 2014, Atmos Energy Corporation entered into the Fourth Amendment to Revolving Credit Agreement with The Royal Bank of Scotland plc, as Administrative Agent, and a syndicate of 13 other lenders identified therein (the Fourth Amendment), which amends the company's existing Revolving Credit Agreement dated May 2, 2011, which was previously amended on May 31, 2011, December 7, 2012 and August 22, 2013 (the RBS Facility). The primary changes to the RBS Facility, as reflected in the Fourth Amendment, were to (i) extend the expiration date of the RBS Facility for one (1) additional year to August 22, 2019, (ii) increase the committed loan amount from $950,000,000 to $1,250,000,000 and (iii) retain the $250,000,000 accordion feature (allowing for an increase in the total committed loan amount to $1,500,000,000). The RBS Facility, as amended (the Credit Facility), will continue to be used for working capital, capital expenditures and other general corporate purposes. There were no other material changes to the Credit Facility as a result of the execution of the Fourth Amendment. With respect to the other parties to the Credit Facility, the company has or may have had customary banking relationships based on the provision of a variety of financial services, including without limitation, cash management, investment banking, and equipment financing and leasing services, none of which are material individually or in the aggregate with respect to any individual party.

Atmos Energy Corporation Declares Quarterly Dividend Payable on September 8, 2014

The Board of Directors of Atmos Energy Corporation has declared a quarterly dividend of 37 cents per common share. The indicated annual dividend for fiscal 2014 is $1.48, which represents a 5.7% increase over fiscal 2013. The dividend will be paid on September 8, 2014, to shareholders of record on August 25, 2014.

Atmos Energy Corporation Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year of Fiscal 2014

Atmos Energy Corporation reported unaudited consolidated earnings and operating results for the third quarter and nine months ended June 30, 2014. For the quarter, net income was $45.7 million, or $0.45 per diluted share, after including unrealized net losses of $0.4 million, or $0.00 per diluted share. Net income was $38.8 million, or $0.42 per diluted share in the prior-year quarter, after including unrealized net losses of $5.9 million, or $0.06 per diluted share and the gain on sale. Operating income was $106.60 million against $86.39 million a year ago. Income from continuing operations was $45.72 million against $33.47 million a year ago. Diluted income per share from continuing operations was $0.45 against $0.36 a year ago. Income from continuing operations before income taxes was $74.39 million against $53.19 million a year ago. Natural gas distribution gross profit increased $18.2 million to $257.7 million for the fiscal 2014 third quarter, compared with $239.5 million in the prior-year quarter, excluding discontinued operations. For the nine months ended June 30, 2014, consolidated net income was $266.1 million, or $2.76 per diluted share, compared with net income of $235.7 million, or $2.57 per diluted share for the same period last year. Results from non-regulated operations include unrealized net gains of $7.0 million, or $0.07 per diluted share for the nine months ended June 30, 2014, compared with unrealized net gains of $9.7 million, or $0.11 per diluted share for the prior-year period. Capital expenditures decreased to $552.6 million for the nine months ended June 30, 2014, compared with $582.5 million in the prior-year period. The $29.9 million decrease is largely due to a $51.5 million decrease in spending in the regulated transmission and storage segment primarily associated with the completion of the Line WX expansion project, partially offset by a $22.0 million increase in spending in the natural gas distribution segment due to increased spending under infrastructure replacement programs. Operating income was $527.40 million against $451.49 million a year ago. Income from continuing operations was $266.10 million against $223.162 million a year ago. Income per share from continuing operations was $2.76 against $2.43 a year ago. Net cash provided by operating activities was $630.21 million against $509.57 million a year ago. Consolidated results for the current 9 month were favorably impacted by weather that was 20% colder than last year, which drove higher throughput across all segments of business and created natural gas price volatility. Natural gas distribution gross profit, excluding discontinued operations, increased $75.9 million to $942.0 million for the nine months ended June 30, 2014, compared with $866.1 million in the prior-year period. Income from continuing operations before income taxes was $427.83 million against $356.85 million a year ago. The company continues to expect fiscal 2014 earnings to be in the range of $2.80 to $2.90 per diluted share, excluding unrealized margins. Total capital expenditures for fiscal 2014 are expected to continue to range between $830 million and $850 million. The company anticipates annual operating income increases of between $110 million and $130 million from approved rate outcomes in fiscal 2014. The company projects regulated operations to generate net income in the range of $256 million to $267 million. Non regulated business is expected to generate net income of $17 million to $19 million in fiscal 2014. For the quarter, consolidated natural gas distribution throughput was 72,338 MMcf as metered against 72,369 MMcf as metered a year ago. Consolidated non-regulated delivered gas sales volumes were 82,074 MMcf against 83,341 MMcf a year ago. Natural gas distribution meters in service were 3,007,511 against 3,009,377 a year ago. For the nine months, consolidated natural gas distribution throughput was 394,310 MMcf as metered against 345,405 MMcf as metered a year ago. Consolidated non-regulated delivered gas sales volumes were 294,678 MMcf against 265,791 MMcf a year ago. Natural gas distribution meters in service were 3,007,511 against 3,009,377 a year ago.

 

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Industry Analysis

ATO

Industry Average

Valuation ATO Industry Range
Price/Earnings 16.4x
Price/Sales 1.0x
Price/Book 1.5x
Price/Cash Flow 9.1x
TEV/Sales 0.5x
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