Atmos Energy reports rise in Q4 profit on higher rates, raises 2025 dividend
Nov 6 (Reuters) -Atmos Energy ATO.N raised its quarterly dividend for 2025 on Wednesday and reported a rise in fourth-quarter profit, as the natural gas utility was helped by higher rates.
The company said higher rates in the distribution segment boosted its operating income by $33.4 million in the quarter, helping it report about a 20% rise in the segment at $64.6 million, from the previous year.
Atmos delivers natural gas to about 3 million distribution customers across eight U.S. states.
The company, which also operates about 5,700 miles of transmission pipelines in Texas, said quarterly operating earnings in its pipeline and storage unit rose 20.2% to $120.4 million, from the previous year.
Lower storage build and hotter weather in the quarter boosted the amount of gas needed to keep air conditioners humming, creating demand for natgas pipelines in the U.S.
The gas utility also raised its dividend to 87 cents per share for fiscal 2025, 8.1% higher than fiscal 2024.
The company said it expects diluted earnings of $7.05 to $7.25 per share and capital expenditure at about $3.7 billion for fiscal 2025.
The Dallas, Texas-based company's net income was at $134 million, or 86 cents per share, in the quarter ended Sept. 30, compared with $119 million, or 80 cents per share, a year earlier.
Reporting by Tanay Dhumal and Pooja Menon in Bengaluru; editing by Alan Barona
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
