Atmos Energy Corporation (ATO) Stock Price & Analysis
Atmos Energy Corporation (ATO) is trading at USD 172.85, down 0.61% today, as of October 23, 2026 at 16:37 UTC (US market open; quotes may be delayed), according to Nexqual market data.
ATO last closed at USD 173.91; today's session has ranged USD 172.09–174.41 on volume of 274,863 shares. Market capitalization is $29.21B, with a 52-week range of USD 154.72–192.51 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 16:38 UTC.
Also available as compact Markdown for AI agents: nexqual.com/ATO.md
Key facts (ATO)
- Last four reported quarters (through Jun 30, 2026): revenue $4.92B, net income $1.40B (28.5% margin), free cash flow -$2.02B (SEC filings).
- Valuation: P/E 20.8x (avg 20.2x at the last 3 fiscal year-ends), EV/EBITDA 15.0x, net debt $9.81B.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $50K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Hold (mean 2.86 on a 1–5 scale) (14 analysts), mean target USD 182.45 (range 167–200).
- Total return with dividends: 1Y +0.6% vs S&P 500 +14.6%; 5Y +112.3% vs S&P 500 +77.3%.
- Next earnings: 2026-11-04, EPS estimate USD 1.14, revenue estimate $874M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ATO)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $3.41B | $4.20B | $4.28B | $4.17B | $4.70B | $4.92B |
| Gross profit | $2.37B | $2.52B | $2.82B | — | — | — |
| Operating income | $905M | $921M | $1.07B | $1.36B | $1.56B | $1.82B |
| Net income | $666M | $774M | $886M | $1.04B | $1.20B | $1.40B |
| EPS (diluted) | $5.12 | $5.60 | $6.10 | $6.83 | $7.46 | — |
| Free cash flow | -$3.05B | -$1.47B | $654M | -$1.20B | -$1.51B | -$2.02B |
| Gross margin | 69.7% | 60.0% | 66.0% | — | — | — |
| Operating margin | 26.6% | 21.9% | 25.0% | 32.5% | 33.2% | 37.0% |
| Net margin | 19.5% | 18.4% | 20.7% | 25.0% | 25.5% | 28.5% |
| Revenue growth | +20.8% | +23.3% | +1.8% | -2.6% | +12.9% | — |
| Cash + short-term investments | $117M | $51.6M | $15.4M | $307M | $203M | — |
| Total debt | $7.38B | $8.01B | $6.80B | $7.83B | $8.98B | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (ATO)
P/E 20.8x · P/S 5.9x · EV/EBITDA 15.0x · EV/Sales 7.9x · P/B 1.9x · FCF yield -6.92% · Earnings yield 4.80% · Dividend yield (paid, TTM) 2.16% · Net debt $9.81B · EV $39.0B
P/E at fiscal year-ends: Sep 2025 22.9x, Sep 2024 20.3x, Sep 2023 17.4x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (ATO)
1 purchase, $50K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-08-11 | Ware William James | Director | 300 | $50K | 167.59 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (ATO)
Consensus Hold (mean 2.86 on a 1–5 scale), 14 analysts; mean target USD 182.45 (low 167, high 200).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-21 | Morgan Stanley | Target raised | Equal-Weight | $179 → $182 |
| 2026-10-15 | Truist Securities | Target lowered | Hold | $179 → $174 |
| 2026-10-06 | Argus Research | Reiterated | Buy | $185 |
| 2026-10-01 | Jefferies | Target lowered | Hold | $173 → $167 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $190 → $179 |
| 2026-09-11 | JP Morgan | Downgrade | Overweight → Neutral | $198 → $180 |
| 2026-08-21 | Morgan Stanley | Target lowered | Equal-Weight | $196 → $190 |
| 2026-08-13 | Truist Securities | Target lowered | Hold | $188 → $179 |
| 2026-07-17 | Truist Securities | Target raised | Hold | $187 → $188 |
| 2026-07-14 | JP Morgan | Target raised | Overweight | $196 → $198 |
| 2026-07-14 | Barclays | Target lowered | Equal-Weight | $184 → $183 |
| 2026-07-13 | Wells Fargo | Initiated | Overweight | $200 |
Total return (dividends reinvested) (ATO)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +0.6% | +112.3% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +0.6% | +16.3% |
| Volatility (annualized) | 16.1% | 18.0% |
| Max drawdown | -17.8% (Apr 2026→Sep 2026) | -18.7% (Jul 2022→Oct 2022) |
ATO revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Distribution | $752.2M | 85.6% | -1.3% |
| Pipeline and storage | $406.3M | 46.2% | +40.7% |
| Total revenue | $879.1M | 100% | — |
ATO revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Gas sales revenues | $709.7M | 80.7% | -1.9% |
| Transportation revenues | $39.5M | 4.5% | +10.0% |
| Miscellaneous revenues | $3.0M | 0.3% | -9.5% |
| Total revenue | $879.1M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
ATO suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Finance | “We began collecting the customer rate relief charges on October 1, 2023, and any such property collected is solely owned by the Finance Corporation and not available to pay creditors of Atmos Energy.” |
Quoted from the company's 10-K filed Nov 14, 2025.
ATO company outlook (results filed Aug 5, 2026)
- “Outlook • Fiscal 2026 earnings per diluted share guidance reaffirmed in the range of $8.40 - $8.50 per diluted share. • Fiscal 2026 capital expenditure guidance expe cted to be approximately $4.2 billion. • The company's Board of Directors has declared a quarterly dividend of $1.00 per common share.”
Quoted word-for-word from the SEC 8-K results press release.
ATO analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.14 | $1.21 | -5.6% | $873.8M | 9 |
| Next quarter (ends Dec 2026) | $2.62 | $2.63 | -0.3% | $1.27B | 6 |
| Current fiscal year (ends Sep 2026) | $8.46 | $8.44 | +0.2% | $5.13B | 13 |
| Next fiscal year (ends Sep 2027) | $9.04 | $9.02 | +0.2% | $5.75B | 13 |
ATO options: expected move
Options price a move of about ±4.5% (±$7.78) by Nov 20, 2026, which includes earnings on Nov 4, 2026. Over the last 8 reports the stock moved ±1.9% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 19.7% | ±4.5% |
| Dec 18, 2026 | 56 | 18.0% | ±5.8% |
| Jan 15, 2027 | 84 | 18.1% | ±7.1% |
| Apr 16, 2027 | 175 | 17.7% | ±9.8% |
30-day implied volatility 17.4% vs 17.3% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 16:38 UTC)
| Price | USD 172.85 |
|---|---|
| Change | ▼ 0.61% (down) |
| Previous Close | USD 173.91 |
| Open | USD 173.76 |
| Day Range | USD 172.09 – 174.41 |
| 52-Week Range | USD 154.72 – 192.51 |
| Volume | 274,863 shares |
| Market Cap | $29.21B |
| Exchange | NYQ |
Technical Analysis (ATO)
Nexqual's technical model rates ATO "BUY" based on 5 bullish and 2 bearish signals across 128 daily candles, as of October 23, 2026 at 16:38 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 68.53 (neutral) |
| vs SMA50 | Above (USD 164.1) |
| MACD | 2.18 (positive) |
Analyst Ratings (ATO)
Wall Street analysts rate ATO "Hold" based on 14 analysts, with a mean price target of USD 182.45 (range USD 167–200), per Nexqual as of October 23, 2026 at 16:38 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 14 |
| Mean Target | USD 182.45 |
| High Target | USD 200 |
| Low Target | USD 167 |
| Buy / Hold / Sell | 2 / 12 / 0 |
Earnings (ATO)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 1.14 |
| Revenue Estimate | $873.77M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.43 vs est 1.35 ▲ beat |
| 2026-03-31 | USD 3.47 vs est 3.41 ▲ beat |
| 2025-12-31 | USD 2.44 vs est 2.44 ▲ beat |
| 2025-09-30 | USD 1.07 vs est 1 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
Financials & Fundamentals (ATO)
| Total Revenue | $4.92B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +4.80% |
| Gross Margin | +62.21% |
| Operating Margin | +37.22% |
| Profit Margin | +28.50% |
| ROE | +9.79% |
| Debt / Equity | 0.68 |
| Current Ratio | 0.81 |
| Total Cash | $520.95M |
| Total Debt | $10.32B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | -$2.02B (-41.1% of revenue) |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
Financial Health Score (ATO)
Nexqual rates Atmos Energy Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:38 UTC.
| Growth | Solid — Revenue +13% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 62%, operating 37% (last 12 months) |
| Balance Sheet | Mixed — $521M cash and investments vs $10.3B debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$2.02B (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Mixed — ROE 10%, ROA 3.9% |
Ownership (ATO)
| Insider Ownership | +0.40% |
|---|---|
| Institutional Ownership | +97.99% |
| Shares Outstanding | 168.99M |
| Float | 168.19M |
| Short % of Float | +3.02% |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
Leadership (ATO)
Atmos Energy Corporation is led by John Kevin Akers, CEO, President & Director, per Nexqual as of October 23, 2026 at 16:38 UTC.
| CEO, President & Director | John Kevin Akers |
|---|---|
| Senior VP & CFO | Christopher T. Forsythe |
| Senior Vice President of Human Resources | John Matt Robbins |
| President of Mid-Tex Division | John A. Paris |
| Senior Vice President of Utility Operations | Jeff D. Martinez |
Major Backers & Investors (ATO)
Notable institutional backers of Atmos Energy Corporation include Wellington Management, Capital International Investors, Bank of America Corporation, according to Nexqual as of October 23, 2026 at 16:38 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Wellington Management | 5.44% |
| Capital International Investors | 4.43% |
| Bank of America Corporation | 2.47% |
| Invesco | 1.88% |
| AMERICAN FUNDS FUNDAMENTAL INVESTORS | 1.87% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 1.77% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 11.98% |
| BlackRock | 9.02% |
| State Street | 6.73% |
| Geode Capital | 2.66% |
Source: Nexqual, October 23, 2026 at 16:38 UTC.
From Atmos Energy Corporation's Latest SEC 10-K Filing (filed 2025-11-14)
Key Strengths & Strategy (as disclosed to the SEC)
- Our customers' demand on our system is not necessarily indicative of our ability to meet current or anticipated market demands or immediate delivery requirements because of factors such as the physical limitations of gathering, storage and transmission systems, the duration and severity of cold weather, the availability of gas reserves from our suppliers, the ability to purchase additional supplies on a short-term basis, and actions by federal and state regulatory authorities.
- GRIP allows us to include in our rate base annually approved capital costs incurred in the prior calendar year provided that we file a complete rate case at least once every five years; the most recent of which was completed in December 2023.
- As an instrument to reduce regulatory lag, formula rate mechanisms allow us to refresh our rates on an annual basis without filing a formal rate case.
Partnerships
- We currently have specific infrastructure programs in all of our distribution divisions with tariffs in place to permit the investment associated with these programs to have their surcharge rate adjusted annually to recover approved capital costs incurred in a prior test-year period.
Legal & Regulatory Risks (Item 1A, quoted)
- We may experience increased federal, state, and local regulation of the safety of our operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| NI | NiSource Inc | USD 43.28 | ▼ 0.95% |
| UGI | UGI Corporation | USD 38.82 | ▲ 0.54% |
| SWX | Southwest Gas Holdings, Inc. | USD 91.53 | ▲ 0.49% |
| BKH | Black Hills Corporation | USD 79.51 | ▲ 0.25% |
| NJR | NewJersey Resources Corporation | USD 53.11 | ▼ 0.97% |
| SR | Spire Inc. | USD 84.88 | ▼ 0.8% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:38 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt