1-Star Price
PREMIUM
5-Star Price
PREMIUM
Economic Moat
PREMIUM
Capital Allocation
PREMIUM
We are reaffirming our $108 per share fair value estimate after Atmos Energy reported strong fiscal 2021 second-quarter earnings and reaffirmed full-year guidance. Reported EPS were $2.30 in the recently ended quarter versus $1.95 in the same period last year. The strong results were driven by rate increases from infrastructure investment and solid customer growth.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About 70% of its earnings come from Texas, where it distributes natural gas in northern Texas, including Dallas, and has a 5,700-mile intrastate gas transmission pipeline spanning several key shale gas formations and interconnected with five storage facilities.
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