Atmos Energy (ATO) investor relations material

Executive summary

• Year-to-date net income reached $1.23 billion, up 20% year-over-year, with diluted EPS at $7.33 and fiscal 2026 EPS guidance reaffirmed at $8.40–$8.50 per share.

• Capital expenditures totaled $3.1 billion year-to-date, with over 85%–88% focused on safety and reliability enhancements.

• Customer growth remained strong, with nearly 51,000 new customers added in the past 12 months, including 39,000 in Texas.

• Annual dividend increased 14.9% to $4.00 per share, marking 42 consecutive years of dividend growth.

• $2.2 billion in long-term debt and equity financing was completed to support capital needs and growth.

Financial highlights

• Q3 net income was $243 million, up from $186 million year-over-year; nine-month net income totaled $1,228 million, up from $1,024 million.

• EPS for the first nine months was $7.33, a 14.5% increase year-over-year.

• Operating revenues for the nine months ended June 30, 2026, were $4,184.0 million, up from $3,965.3 million year-over-year.

• Rate increases and customer growth contributed to a $41 million rise in operating income.

• Available liquidity stood at $4.6 billion as of June 30, 2026, with equity capitalization at 60%.

Outlook and guidance

• Fiscal 2026 EPS guidance reaffirmed at $8.40–$8.50.

• Fiscal 2026 capital expenditures projected at approximately $4.2 billion.

• O&M expenses (excluding bad debt) forecasted at $875–$885 million; D&A at $795–$805 million.

• Anticipates $26 billion in capital expenditures between 2026 and 2030, with over 80% dedicated to safety and reliability.

• Effective tax rate expected at 19–21%.