Atmos Energy Corp.
Atmos Energy Reports Q1 2024 Results and Reaffirms Guidance
Summary
Atmos Energy Corporation reported earnings per diluted share of $2.08 for the first quarter of fiscal 2024, on net income of $311.3 million. The company also announced that its Board of Directors increased the quarterly dividend by 8.8% to $0.805 per common share, with an indicated annual dividend for fiscal 2024 of $3.22. Atmos Energy affirmed its fiscal 2024 earnings per diluted share guidance in the range of $6.45 - $6.65 and expects capital expenditures to approximate $2.9 billion. The company will host a conference call on February 7, 2024, to discuss these results.
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About Atmos Energy Corp.
Atmos Energy Corp. is a major regulated natural gas utility company in the United States. Its primary function is the distribution and sale of natural gas to residential, commercial, and industrial customers. Atmos Energy serves over three million customers in various states, prominently in Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Texas. The company plays a critical role in the energy sector by maintaining and upgrading infrastructure such as pipelines and storage systems to ensure reliable and safe delivery of natural gas. Atmos Energy is known for its focus on safety, operational excellence, and customer service. Additionally, it engages in the transmission, storage, and transportation of natural gas. In the broader market, Atmos Energy Corp. contributes significantly to energy supply stability and supports economic activities across multiple regions. Its regulated status offers stability and predictability, reinforcing its position as a key player in the utility sector.
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