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ATO

Atmos Energy
$173.91
+4.17% Oct 22 close
UtilitiesS&P 500 CompareTechnicals
-10%-3%+4%+11%+17%Oct 2025Oct 2026Apr 2026
ATOSPY
1W
+6.1%
1M
+10.5%
3M
-1.7%
6M
-6.3%
YTD
+5.5%
1Y
+0.5%

Live chart

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What they do

Atmos Energy Corporation engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states.

Utilities · Utilities - Regulated Gas

For information only · Important disclosures

Grades vs sector

Momentum
34th percentile in sector
C-
12-1 return: -6.8%
Percentile within its GICS sector across the S&P 1500.
Growth
54th percentile in sector
C+
Revenue growth (YoY): +4.8%
Percentile within its GICS sector across the S&P 1500.
Value
23rd percentile in sector
D
Forward E/P: 5.4% · EBITDA/EV: 6.9%
Percentile within its GICS sector across the S&P 1500.
Profitability
78th percentile in sector
B+
Profit margin: +28.5% · Return on equity: +9.8%
Percentile within its GICS sector across the S&P 1500.
Revisions
Not enough data yet
–
EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Systematic Models

Not held by any of our 5 live models right now.

Quality Growth
Outside this model's universe or screens
Momentum Top 15
ranked 340 of 499 · 12-month momentum -0.5%
Momentum Blend
Not in the current book
New Highs Growth
Outside this model's universe or screens
Coteau Long Book
Not in the current book

News

More news
No recent headlines.

Key stats

52-week range$156.24 – $190.06
Valuation and fundamentals

Valuation & fundamentals

Bottom line
Leans expensive
Model read-out from the numbers below, not advice. Score -2 (DCF counts double).
▼DCF (base case)below the price by 20%
•Piotroski F-score6/9
▲Net debt / EBITDA1.2x

Discounted cash flow

CyclicalValued on average-cycle margins
Bear
$81
-53%
growth -1% · disc. 10.2% · term. 2.0%
Base
$138
-20%
growth 4% · disc. 9.2% · term. 2.5%
Bull
$216
+24%
growth 7% · disc. 8.2% · term. 3.0%

Starting cash flow is mid-cycle: 32.8% average margin × current revenue = 1.6B (last 12 months: 2.0B at a 41% margin). On trailing cash flow the base case would be $178.

Reverse DCFfor context, not a signal
Not enough data to run a reverse DCF.
Edit assumptions · recalculates instantly
Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 1.00 (n/a) × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Utilities

P/E (trailing)
sector median 20.8×
–
Forward P/E
sector median 16.9×
–
EV / EBITDA
sector median 12.8×
–
Price / sales
sector median 3.0×
–
Price / book
sector median 1.9×
–
FCF yield
sector median 0.1%
–

Quality & financial health

Gross margin
36.2%
Operating margin
37.0%
FCF margin
41.0%
Net margin
28.5%
Return on equity
9.2%
Return on invested capital
8.0%
Net debt / EBITDA
1.2×
Current ratio
0.8×
Interest cover
12.8×
Cash conversion (OCF/NI)
1.4×
Piotroski F-score 6/9 · last two fiscal years
✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

No analyst targets available.

Annual history

FYRevenueNet incomeFree cash flow
2025$4.7B$1.2B$2.0B
2024$4.2B$1.0B$1.7B
2023$4.3B$885.9M$3.5B
2022$4.2B$774.4M$977.6M
2021$3.4B$665.6M$-1.1B
2020$2.8B$601.4M$1.0B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +3.8%.

Earnings

Next report: 2026-11-04 · during market · EPS est 1.14
24-1125-0225-0525-0825-1126-0226-0526-080.003.47
EstimateActual (beat)Actual (miss)
ReportEPS estActualSurprise
2026-08-051.351.43+5.6%
2026-05-063.413.47+1.8%
2026-02-032.442.44+0.1%
2025-11-061.001.07+6.8%
2025-08-061.151.16+1.2%
2025-05-072.883.03+5.3%
2025-02-042.212.23+0.8%
2024-11-180.810.83+2.7%
Insider trades
Ware William James
Director · 2026-08-11
Buy
$50.3K
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–
None
None · None
Sell
–

Stats refreshed 2026-10-21 18:17:23 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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coteau

Independent research · Not investment advice · Hypothetical unless marked Live · Data: Yahoo Finance (15-min delayed), SEC EDGAR, House Clerk · Important disclosures · Contact desk@coteau.app

Beta 0.9 · Oct 21, 2026