EarningsQ3 2026 Earnings Report
MX:ATO Q3 2026 EPS Results
Actual EPS$25.97
Consensus EPS$24.55
Beat/MissBeat by +$1.42
One Year Ago EPS$21.07
MX:ATO Q3 2026 Revenue Results
Actual Revenue$15.96B
Expected Revenue$16.36B
Beat/MissMissed by -$395.12M
YoY Revenue Growth+4.80%
Earnings Announcement Details
QuarterQ3 2026
Date08/05/2026
TimeAfter Close
Conference CallWednesday, August 5, 2026
MX:ATO Upcoming Earnings
Atmos Energy's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q3 2026 Earnings Call Audio
MX:ATO Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted strong core operating performance: double-digit EPS growth (14.5% YTD), substantial customer additions, large capital investments focused on safety and reliability, meaningful regulatory wins and solid liquidity. These positives outweigh near-term headwinds tied to narrowing APT spreads as additional takeaway capacity came online and modestly higher O&M expectations. Management reaffirmed full-year guidance and outlined project and regulatory drivers that support future growth, although APT earnings are sensitive to market and capacity timing.Company Guidance
Strong Year-to-Date Earnings and EPS Growth
Reported year-to-date net income of $1.2 billion and diluted EPS of $7.33, representing a 14.5% increase in EPS versus the prior year. Company reaffirmed full-year fiscal '26 EPS guidance of $8.40 to $8.50.
Robust Customer Growth Across Classes
Added nearly 51,000 new customers for the 12 months ending June 30, 2026 (nearly 39,000 in Texas). Added ~600 commercial customers in Q3 and over 2,500 commercial customers fiscal year-to-date; added 5 industrial customers in Q3 and 12 industrial YTD (anticipated consumption ~950,000 Mcf/year, volumetrically equivalent to ~18,000 residential customers).
Significant Capital Investment Focused on Safety and Reliability
Year-to-date capital expenditures of $3.1 billion with over 87% targeted to distribution, transmission and underground storage safety and reliability; company remains on track for approximately $4.2 billion in fiscal '26 total capital spending.
Regulatory and Rate Progress Driving Revenue
Implemented $396 million of annualized operating income increases since the start of the fiscal year (with $260 million implemented during Q3 and Q4). Seven filings in progress seek nearly $334 million in additional annualized operating income, with most expected to be implemented in fiscal Q1 '27.
Strong APT Through-System Performance Year-to-Date
APT through-system revenues (net of Rider REV) increased about $34 million (approx. $0.16 EPS equivalent) for the first nine months. Spreads captured averaged $4.66 versus $1.77 in the prior year period — an increase of roughly 163% year-over-year, reflecting constrained takeaway capacity and production dynamics.
Customer Satisfaction and Assistance
Customer satisfaction above 97% for the first nine months of fiscal '26. Customer advocacy helped nearly 49,000 customers receive about $16.2 million in funding assistance year-to-date.
Balance Sheet and Liquidity Strength
Equity capitalization of 60% as of June 30, no short-term debt outstanding, and $4.6 billion in available liquidity (including approximately $937 million in net proceeds under forward sale agreements) expected to satisfy remaining fiscal '26 equity needs and a significant portion of fiscal '27 needs.
Infrastructure Projects Supporting Growth
APT is constructing multiple projects (including 29 miles of 36-inch pipeline to connect compressor stations, a bilateral compressor in Carthage, and a 15-mile 36-inch final phase to complete a 92-mile loop) scheduled for service by the end of the calendar year to enhance reliability and capacity for the DFW Metroplex.
Rider REV Customer Savings
APT to submit annual Rider REV tariff seeking $160 million to $165 million in revenue credits for LDC customers (Nov 1, 2026–Oct 31, 2027). If approved as filed, customers will have received over $300 million in savings through Rider REV from Nov 2023 through Oct 2027.
MX:ATO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed