Atmos Energy

Atmos Energy

Regulated natural gas distribution utility

Overview

Atmos Energy is a regulated natural-gas distributor that serves more than three million customers in eight states from its Dallas, Texas headquarters. It delivers natural gas to residential, commercial, and industrial customers and earns most of its revenue from the rates charged for gas distribution. The company actively invests in its pipeline infrastructure, replacing and upgrading pipelines to improve safety and reliability. Atmos Energy differentiates itself by being one of the largest gas-only utilities in the United States, operating under a regulated framework with a broad service footprint, and prioritizing infrastructure modernization to maintain safe delivery. The company’s goal is to provide safe, reliable natural gas service while earning a reasonable return for its investors within the regulatory environment.

About Atmos Energy

Simplify's Rating
Why Atmos Energy is rated
C+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated D+ on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Dallas, Texas

Founded

1906

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Simplify's Take

What believers are saying

  • August 5, 2026 earnings rose to $243 million, driven by rate increases.
  • Atmos reaffirmed fiscal 2026 EPS guidance of $8.40-$8.50 despite narrower pipeline spreads.
  • Dividend reached $4.00 annually in 2026, extending a 42-year growth streak.

What critics are saying

  • Oak Cliff explosion litigation after May 28, 2026 killed three people in Dallas.
  • NTSB said the gas line was unmarked; investigation remains open through 2026.
  • Atmos’s $4.2 billion 2026 capex depends on regulators approving more customer bill hikes.

What makes Atmos Energy unique

  • Atmos operates one of America’s largest pure natural-gas distribution networks.
  • Texas RRM filings let Atmos seek $291.1 million annually, effective October 1, 2026.
  • Management succession stayed internal: Jeff D. Martinez replaces John McDill in 2026.

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Funding

Total Funding

$2.2B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

Hybrid Work Options

401(k) Retirement Plan

401(k) Company Match

Wellness Program

Employee Assistance Program

Stock Price

Company News

Yahoo Finance
Sep 16th, 2026
Atmos Energy nears Dividend King status with 42-year growth streak and 15% payout increase

Atmos Energy has raised its dividend for 42 consecutive years, placing it among utilities with the longest dividend growth streaks alongside Consolidated Edison and NextEra Energy. The gas utility currently offers a forward yield of nearly 2.5%. The company's latest dividend increase, implemented last autumn, raised quarterly payouts from $0.87 per share to $1 per share — nearly 15%. During the June quarter, Atmos reported revenue growth of 4.8% and earnings per share growth of 12.8%. Atmos benefits from a favourable regulatory regime in Texas, its largest market, which allows quick implementation of price increases. Management has guided to 6%–8% earnings per share growth moving forward. With a forward payout ratio just under 45%, the company has room for dividend increases that outpace earnings growth. However, at around 18 times forward earnings, Atmos trades at the upper end of the valuation range for gas utility stocks.

Citybiz
Aug 31st, 2026
citybiz+ CivilGrid raises $26M Series A to build 'google Maps for underground'

citybiz+ CivilGrid raises $26M Series A to build 'google Maps for underground' August 31, 2026 CivilGrid, a civil design platform whose founder Josh Mackanic says he is building the "Google Maps for the underground," has closed a $26 million Series A led by Spark Capital, with participation from Energy Impact Partners, Afore Capital, A*, Ford Street Ventures, and SNR Ventures. The San Francisco startup consolidates site data into a collaborative map of underground assets and conditions with design workflows to enable builders to deliver safe and affordable projects. CivilGrid team during a meeting in its Kansas City office. (Courtesy: CivilGrid) CivilGrid, a civil design platform whose founder Josh Mackanic says he is building the "Google Maps for the underground," has closed a $26 million Series A led by Spark Capital, with participation from Energy Impact Partners, Afore Capital, A*, Ford Street Ventures, and SNR Ventures. The San Francisco startup consolidates site data into a collaborative map of underground assets and conditions, with design workflows to enable builders to deliver safe and affordable projects. CivilGrid's early customers include Pacific Gas and Electric Company (PG&E), Atmos Energy, California consulting firm Mark Thomas, and GHD. "America is entering a once-in-a-generation period of infrastructure renewal with experts calling for over $3.7 trillion in investment," said Mackanic, who has a BS degree in Mechanical Engineering from UC Berkeley and an MBA from the Wharton School. His work experience includes PG&E, and real estate firm Cushman & Wakefield. Legacy data and antiquated systems cause teams to build with incomplete site data and disconnected workflows, CivilGrid said, leading to 200,000 utility strikes annually in the United States, in addition to slowing projects and raising costs. Damages range from cutting water service for entire communities to rupturing natural gas lines that endanger lives. These mistakes reportedly cost the industry $30 billion annually in delays, rework, and emergency response. CivilGrid, Mackanic said, gives cross-functional teams at leading utilities the confidence they need to plan effectively, reduce risk, and deliver projects affordably. Site data the company maps include utility assets, municipal projects, environmental regulations, and land ownership. "CivilGrid isn't just improving preconstruction workflows, it is establishing a new standard for how America builds," said Alex Finkelstein, partner at Spark Capital. "Every major capital investment trend right now - AI data centers, defense infrastructure, grid modernization, affordable housing - requires flawless execution in the physical world." Christine Cowsert, senior vice president of Enterprise Business and Technology Modernization at PG&E, said the deployment of CivilGrid helped the utility save over $60 million, 40% reduction in field research and survey activities and up to four months savings in project scoping, planning, and design timelines

McGuireWoods
Aug 25th, 2026
James H. Jeffries IV to Retire From McGuireWoods, Join Atmos Energy Corporation Board of Directors

James H. Jeffries IV to Retire From McGuireWoods, Join Atmos Energy Corporation Board of Directors Related Insights

MarketBeat
Aug 21st, 2026
Atmos Energy (NYSE:ATO) price target cut to $190.00 by analysts at Morgan Stanley.

Atmos Energy (NYSE:ATO) price target cut to $190.00 by analysts at Morgan Stanley. August 21, 2026 Key points. * Morgan Stanley cut Atmos Energy's price target to $190 from $196 while maintaining an "equal weight" rating, implying 11.73% upside from the stock's $170.05 price. * Analyst sentiment remains cautious, with four Buy ratings and nine Holds; the consensus rating is "Hold" and the average price target is $187.73. * Atmos Energy beat quarterly EPS estimates, reporting $1.43 versus the expected $1.35, although revenue of $879.06 million fell short of forecasts. Management issued fiscal 2026 EPS guidance of $8.40-$8.50. * Five stocks we like better than Atmos Energy. Atmos Energy (NYSE:ATO - Get Free Report) had its price objective dropped by stock analysts at Morgan Stanley from $196.00 to $190.00 in a report issued on Friday,Benzinga reports. The firm currently has an "equal weight" rating on the utilities provider's stock. Morgan Stanley's price objective would suggest a potential upside of 11.73% from the company's current price. Other research analysts have also recently issued reports about the company. Argus reduced their price objective on Atmos Energy from $190.00 to $185.00 and set a "buy" rating for the company in a research report on Thursday, July 2nd. Citigroup boosted their target price on Atmos Energy from $182.00 to $191.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Truist Financial reduced their price target on Atmos Energy from $188.00 to $179.00 and set a "hold" rating for the company in a research report on Thursday, August 13th. Barclays decreased their price target on shares of Atmos Energy from $184.00 to $183.00 and set an "equal weight" rating for the company in a research note on Tuesday, July 14th. Finally, TD Cowen lifted their price objective on shares of Atmos Energy from $193.00 to $196.00 and gave the company a "hold" rating in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $187.73. Atmos Energy stock down 0.3%. Shares of NYSE:ATO traded down $0.47 during midday trading on Friday, reaching $170.05. 169,128 shares of the company were exchanged, compared to its average volume of 1,271,399. The firm has a market cap of $28.74 billion, a PE ratio of 20.22, a P/E/G ratio of 2.97 and a beta of 0.60. Atmos Energy has a fifty-two week low of $160.10 and a fifty-two week high of $192.51. The stock has a fifty day simple moving average of $173.62 and a two-hundred day simple moving average of $178.34. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.64. Discover more Derivatives Company News Atmos Energy (NYSE:ATO - Get Free Report) last announced its earnings results on Wednesday, August 5th. The utilities provider reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. Atmos Energy had a net margin of 28.50% and a return on equity of 9.67%. The firm had revenue of $879.06 million during the quarter, compared to analyst estimates of $900.82 million. During the same period in the prior year, the business earned $1.16 EPS. Atmos Energy has set its FY 2026 guidance at 8.400-8.500 EPS. As a group, sell-side analysts forecast that Atmos Energy will post 8.46 earnings per share for the current year. Insider transactions at Atmos Energy. In other Atmos Energy news, Director William James Ware acquired 300 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $167.59 per share, with a total value of $50,277.00. Following the completion of the transaction, the director directly owned 488 shares in the company, valued at approximately $81,783.92. This represents a 159.57% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.43% of the stock is owned by corporate insiders. Hedge funds weigh in on Atmos Energy. Several large investors have recently modified their holdings of the stock. Garner Asset Management Corp acquired a new stake in Atmos Energy during the 4th quarter worth approximately $25,000. Frazier Financial Advisors LLC acquired a new stake in Atmos Energy in the 2nd quarter worth about $25,000. Kingdom Financial Group LLC. bought a new stake in Atmos Energy in the 4th quarter valued at about $26,000. Elevation Wealth Partners LLC boosted its holdings in Atmos Energy by 627.3% in the 2nd quarter. Elevation Wealth Partners LLC now owns 160 shares of the utilities provider's stock valued at $28,000 after purchasing an additional 138 shares during the period. Finally, Pin Oak Investment Advisors Inc. acquired a new position in shares of Atmos Energy during the 2nd quarter worth approximately $28,000. 90.17% of the stock is owned by institutional investors. About Atmos Energy. Atmos Energy Corporation NYSE: ATO is a U.S.-based natural-gas utility that primarily focuses on the regulated distribution of natural gas. Headquartered in Dallas, Texas, the company operates through local distribution systems to deliver natural gas to residential, commercial, industrial and electric generation customers. Atmos's core activities include pipeline operations, gas distribution, system maintenance and reliability programs designed to ensure safe and continuous service to its customers. The company's services encompass gas delivery, system integrity and maintenance, storage and transmission connections, and customer-facing programs such as billing, conservation initiatives and energy-efficiency offerings. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Atmos Energy, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atmos Energy wasn't on the list. While Atmos Energy currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. The AI wave will soon hit public markets with Anthropic and OpenAI set to go public later this year. However, you don't have to wait to invest. This report shows seven AI stocks that you can buy today while the big model providers get ready to go public.

City of De Soto, Kansas
Aug 17th, 2026
De Soto Chamber August luncheon highlights 811 Day and natural gas safety.

De Soto Chamber August luncheon highlights 811 Day and natural gas safety. Last Updated 8/17/2026 The De Soto Chamber of Commerce welcomed members and community partners for its August Chamber Luncheon, sponsored and hosted by Atmos Energy Corporation. In recognition of 811 Day and the message "Always Call Before You Dig," the luncheon gave members an opportunity to learn more about natural gas safety, damage prevention and the work Atmos Energy does to safely serve its communities. Aaron Bishop and Matt Mosier with Atmos Energy led the conversation, sharing important safety information and answering questions from Chamber members. De Soto Chamber of Commerce were also pleased to have several Atmos Energy employees join De Soto Chamber of Commerce for lunch, providing an opportunity for members to connect directly with their team and learn more about their work in its area. One of the key reminders from the afternoon was simple: call 811 before you dig. Whether you are planting a tree, installing a fence, building a deck or beginning a larger construction project, contacting 811 allows underground utility-owned lines to be located and marked before work begins. Atmos Energy emphasizes that this free service is an important step in preventing damage to underground utilities and keeping individuals, crews and communities safe. Following lunch, attendees had the opportunity to tour Atmos Energy's new office space and employee training area. The tour provided a behind-the-scenes look at the company's investment in its employees, training and safety. Thank you to Atmos Energy, Aaron, Matt and the entire Atmos Energy team for hosting De Soto Chamber of Commerce, supporting the De Soto Chamber of Commerce and creating an informative and engaging afternoon for its members. Its Chamber Luncheons are about more than sharing a meal. They provide an opportunity for local business and community leaders to build relationships, learn from one another and have conversations about the businesses, organizations and issues that impact its community. De Soto Chamber of Commerce appreciate everyone who joined De Soto Chamber of Commerce for August's luncheon and helped make those connections possible. Remember: Always Call 811 Before You Dig! Click an image below to display the larger version. Take the next step in growing your business,. Partner in strengthening its community

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