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Atmos Energy Corporation (ATO)

Utilities Balanced

Atmos Energy is a major American utility company that manages the pipes and infrastructure to deliver natural gas to millions of homes and businesses.

$172.78

Is Atmos Energy Corporation a good stock for a UK beginner?

The honest version: There's no rating here and nothing for sale. In its favour: Provides an essential service that people need regardless of the economy. Worth weighing: Growth is often capped by government regulators. Below, we lay out what it does, what its numbers mean, and the honest risks, so you can decide for yourself.

No rating · no target price · nothing for sale here
Price+32.8%
= past earnings-report date
Priced in USD - as a UK investor your £ return also moves with the pound-to-dollar exchange rate, on top of the share price itself.
52-week range+13% past year
$172.78
Low $155.56High $192.51
Where today's price sits versus its past year - context, not a signal.
If you had put $1,000 into Atmos Energy Corporation
$1,328+33%

Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.

How much has Atmos Energy Corporation actually fallen?

−13%

Over the last 2 years of daily prices, Atmos Energy Corporation fell as much as −13% from a high to a later low. Drops of this size are a normal part of owning a share - worth knowing in advance, so a dip doesn't come as a shock.

Worst peak-to-trough fall in the daily closing price over the period we hold. Past falls are not a forecast - it can fall further, or recover.

Market cap: The company's total value on the stock market - share price times the number of shares. Big = 'large-cap', small = 'small-cap'.
$28.84B
Avg volume: How many shares change hands on a typical day. Higher means it's easy to buy or exit without moving the price.
1.43M
Day range: The lowest and highest price the shares traded at during the latest day.
$172.22 – $174.92
52-week range: The lowest and highest the shares have traded over the past year - a sense of how wide the swings have been.
$155.56 – $192.51
P/E ratio: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth.
21.3
Dividend yield: The yearly dividend as a percentage of the share price - roughly the income you'd earn from dividends alone.
2.3%
Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down.
0.60
How bumpy is it?Beta: How bumpy the share price is versus the whole market. Above 1 swings more than the market; below 1 is calmer. It's about the ride, not whether it goes up or down. 0.60
Calm
Wild
Steadier than most

Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.

Why has it been moving?▲ +1% past week · ▲ +13% past year

Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.

The bull case

successful transition to renewable gas or hydrogen infrastructure

The bear case

long-term shift away from natural gas due to environmental policies

What does Atmos Energy Corporation do?

Atmos Energy acts as the middleman for natural gas, maintaining the vast network of pipelines required to keep the lights on and the heating running for customers across several US states. They make their money through regulated fees charged for this delivery service, which tends to provide a steady, predictable income regardless of the wider economy. Their ongoing investment in upgrading infrastructure is worth following closely, since that is how they justify their rates to regulators and grow the business over time.

VQGMI
Factor profile

On our factor screen it looks strongest on quality and income, and weakest on growth.

Value: How cheap the stock looks versus profits, sales and assets (higher = cheaper). 48Quality: How profitable and financially healthy the company is (higher = stronger). 62Growth: How fast revenue and earnings are growing (higher = faster). 29Momentum: How the share price has been trending recently (higher = stronger recent run). 44Income: The dividend income on offer and how sustainable it looks (higher = more/steadier). 57
Quick checks
What's strong
  • Provides an essential service that people need regardless of the economy
  • Strong profit margins compared to many other utility providers
  • Lower volatility than the broader stock market
What to watch
  • Growth screens low (29/100)
  • Strict government regulation can limit how much profit they are allowed to make
  • Long-term environmental policies may discourage the use of natural gas
  • Rising interest rates make borrowing money for infrastructure more expensive

What do Atmos Energy Corporation's numbers mean?

P/E
21.7
This shows how much you are paying for every pound of the company's annual profit; a higher number suggests investors are willing to pay more for future growth.
Around the middle of the 40 Utilities shares we cover
Dividend yield
2.3%
This is the annual cash payout to shareholders as a percentage of the share price, acting as a regular income stream.
Lower than most of the 42 Utilities shares we cover
Beta
0.6
This measures how much the share price jumps around compared to the wider market; a number below 1 suggests it is generally less volatile than the average stock.
Net margin
27.6%
This represents the percentage of revenue that actually turns into profit after all expenses are paid, showing how efficiently the company operates.
Higher than most of the 42 Utilities shares we cover

How much money does Atmos Energy Corporation make?

Revenue and profit by quarter, and how much of each sale turns into profit.

RevenueNet income
$0$490.60M$981.20M$1.47B$1.96BQ1 25Q2 25Q3 25Q4 25Q1 26
Gross margin
61.0%
Net margin
27.6%
Return on equity
9.6%

Does Atmos Energy Corporation pay a dividend?

Yes - Atmos Energy Corporation currently pays a dividend of about 2.3% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.

What do the numbers say about Atmos Energy Corporation's dividend?

There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.

Dividend yield2.3%The yearly dividend as a percentage of today's price. A very high figure often means the price has fallen because the market expects a cut, so a big yield is a question to look into, not a prize.
Payout ratio46%The share of profit paid out as dividends. A lower figure leaves headroom; near or above 100% means most or all of the profit is going out as dividends.
Dividend cover2.2×Profit divided by the dividend (the payout ratio the other way up). As a rough convention many income investors like around 2× or more; below 1× means the company paid out more than it earned that year.

Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.

When does Atmos Energy Corporation report earnings, and how did recent quarters go?

Atmos Energy Corporation is next scheduled to report on about 2026-08-05 - dates can move, and we don't predict results; this just tells you when to look.

Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.

Atmos Energy Corporation: reported versus expected earnings per share, recent quarters
ReportedExpected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number.Actual EPSvs expected
2026-05-06$3.41$3.47Beat +2%
2026-02-03$2.44$2.44In line
2025-11-06$1.00$1.07Beat +7%
2025-08-06$1.15$1.16Beat +1%
2025-05-07$2.88$3.03Beat +5%
2025-02-04$2.21$2.23In line

Across the last 6 quarters here, Atmos Energy Corporation came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.

See who else reports over the next two weeks →

Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.

More in Utilities

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What are the scenarios for Atmos Energy Corporation?

An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.

$192$173$157today · $173▲ Bull · $184• Base · $173▼ Bear · $162in 1 yearILLUSTRATIVE · NOT A PREDICTION OR PRICE TARGET
Bull
+5% to +8%colder winter weather increases demand for gas heating
Base
-2% to +2%steady, predictable utility usage patterns continue
Bear
-5% to -8%unusually mild weather leads to lower customer consumption

What are the pros and cons of Atmos Energy Corporation?

4bull points
6bear points

How many points the write-up makes each way — a balance check, not a score or verdict.

The bull case4
  • Provides an essential service that people need regardless of the economy
  • Strong profit margins compared to many other utility providers
  • Lower volatility than the broader stock market
  • Consistent history of paying dividends to shareholders
The catch3
  • Growth is often capped by government regulators
  • Requires massive, ongoing spending to maintain and replace old pipes
  • Revenue growth: How fast the company's sales grew versus a year ago. has been quite slow recently
Key risks3
  • Strict government regulation can limit how much profit they are allowed to make
  • Long-term environmental policies may discourage the use of natural gas
  • Rising interest rates make borrowing money for infrastructure more expensive
What would flip the thesis

The write-up's own warning lights — if these start happening, the case above changes.

Confidence: medium · data: USD · flags: none · Charts by TradingView Lightweight Charts™
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Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →

This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.

Figures as of 2026-08-02. Prices may be delayed and numbers can go stale - always double-check before acting.