Atmos Energy posts mixed Q4 results, raises dividend by nearly 9%

Nov. 10, 2021 5:23 PM ETAtmos Energy Corporation (ATO)By: Carl Surran, SA News Editor
  • Atmos Energy (NYSE:ATO) +1.6% post-market after Q4 GAAP earnings miss estimates but the company raises its quarterly dividend by 8.8% to $0.68/share.
  • Q4 consolidated operating income fell $9.8M to $91M, as rate case outcomes in both segments were more than offset by increased depreciation and property tax expenses, timing of system maintenance and increased employee costs.
  • Q4 distribution operating income increased $5.7M to $37.6M, reflecting a net $22.9M increase in rates and a $4.2M increase in customer growth.
  • Q4 pipeline and storage operating income fell $15.5M to $53.4M, mostly attributable to a $16.4M increase in system maintenance expenses primarily due to timing.
  • The company issues in-line guidance for FY 2022, seeing adjusted EPS of $5.40-$5.60 vs. $5.42 analyst consensus estimate, with full-year capital spending expected at $2.4B-$2.5B.
  • Atmos Energy's stock price is slightly in the red YTD and over the past year.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.