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)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (ATO)

USDFY2021FY2022FY2023FY2024FY2025TTM
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 margin69.7%60.0%66.0%———
Operating margin26.6%21.9%25.0%32.5%33.2%37.0%
Net margin19.5%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 dateInsiderRoleSharesValueAvg priceInsider type
2026-08-11Ware William JamesDirector300$50K167.59Too 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:

DateFirmActionRatingPrice target
2026-10-21Morgan StanleyTarget raisedEqual-Weight$179 → $182
2026-10-15Truist SecuritiesTarget loweredHold$179 → $174
2026-10-06Argus ResearchReiteratedBuy$185
2026-10-01JefferiesTarget loweredHold$173 → $167
2026-09-18Morgan StanleyTarget loweredEqual-Weight$190 → $179
2026-09-11JP MorganDowngradeOverweight → Neutral$198 → $180
2026-08-21Morgan StanleyTarget loweredEqual-Weight$196 → $190
2026-08-13Truist SecuritiesTarget loweredHold$188 → $179
2026-07-17Truist SecuritiesTarget raisedHold$187 → $188
2026-07-14JP MorganTarget raisedOverweight$196 → $198
2026-07-14BarclaysTarget loweredEqual-Weight$184 → $183
2026-07-13Wells FargoInitiatedOverweight$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)

LineRevenueShare of totalYoY
Distribution$752.2M85.6%-1.3%
Pipeline and storage$406.3M46.2%+40.7%
Total revenue$879.1M100%—

ATO revenue by product line (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Gas sales revenues$709.7M80.7%-1.9%
Transportation revenues$39.5M4.5%+10.0%
Miscellaneous revenues$3.0M0.3%-9.5%
Total revenue$879.1M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

ATO suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerFinance“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)

Quoted word-for-word from the SEC 8-K results press release.

ATO analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$1.14$1.21-5.6%$873.8M9
Next quarter (ends Dec 2026)$2.62$2.63-0.3%$1.27B6
Current fiscal year (ends Sep 2026)$8.46$8.44+0.2%$5.13B13
Next fiscal year (ends Sep 2027)$9.04$9.02+0.2%$5.75B13

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.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262819.7%±4.5%
Dec 18, 20265618.0%±5.8%
Jan 15, 20278418.1%±7.1%
Apr 16, 202717517.7%±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)

PriceUSD 172.85
Change▼ 0.61% (down)
Previous CloseUSD 173.91
OpenUSD 173.76
Day RangeUSD 172.09 – 174.41
52-Week RangeUSD 154.72 – 192.51
Volume274,863 shares
Market Cap$29.21B
ExchangeNYQ

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 SignalBUY
RSI (14)68.53 (neutral)
vs SMA50Above (USD 164.1)
MACD2.18 (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 RatingHold
Analyst Count14
Mean TargetUSD 182.45
High TargetUSD 200
Low TargetUSD 167
Buy / Hold / Sell2 / 12 / 0

Earnings (ATO)

Next Earnings Date2026-11-04
EPS EstimateUSD 1.14
Revenue Estimate$873.77M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD 1.43 vs est 1.35 ▲ beat
2026-03-31USD 3.47 vs est 3.41 ▲ beat
2025-12-31USD 2.44 vs est 2.44 ▲ beat
2025-09-30USD 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 / Equity0.68
Current Ratio0.81
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.

GrowthSolid — Revenue +13% YoY (annual)
ProfitabilityStrong — Gross margin 62%, operating 37% (last 12 months)
Balance SheetMixed — $521M cash and investments vs $10.3B debt (Jun 2026, SEC)
Cash FlowWeak — FCF negative: -$2.02B (last 4 quarters to Jun 2026, SEC), burning cash
EfficiencyMixed — ROE 10%, ROA 3.9%

Ownership (ATO)

Insider Ownership+0.40%
Institutional Ownership+97.99%
Shares Outstanding168.99M
Float168.19M
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 & DirectorJohn Kevin Akers
Senior VP & CFOChristopher T. Forsythe
Senior Vice President of Human ResourcesJohn Matt Robbins
President of Mid-Tex DivisionJohn A. Paris
Senior Vice President of Utility OperationsJeff 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

InvestorStake
Wellington Management5.44%
Capital International Investors4.43%
Bank of America Corporation2.47%
Invesco1.88%
AMERICAN FUNDS FUNDAMENTAL INVESTORS1.87%
SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF1.77%

Index Funds (Passive)

FundStake
Vanguard Group11.98%
BlackRock9.02%
State Street6.73%
Geode Capital2.66%

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)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

Peers & Related Stocks

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BKHBlack Hills CorporationUSD 79.51▲ 0.25%
NJRNewJersey Resources CorporationUSD 53.11▼ 0.97%
SRSpire 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