Atmos Energy Corporation — Fiscal 2026 Third Quarter Earnings Summary

Financial Performance

• Reported earnings per diluted share of $7.33 for the third quarter ended June 30, 2026.
• Reported net income of $1.2 billion for the quarter.
• Capital expenditures for the quarter totaled $3.1 billion, with over 85% allocated to safety and reliability.
• Maintained a financial profile with 60% equity capitalization.
• Held $4.6 billion in available liquidity.
• Implemented $355.0 million in annualized regulatory outcomes.

Guidance and Future Outlook

• Reaffirmed fiscal 2026 earnings per diluted share guidance in the range of $8.40 to $8.50.
• Expects fiscal 2026 capital expenditures to be approximately $4.2 billion.

Business Segments and Product Lines

• No specific segment performance data or product line details were provided in the release.

Market and Competitive Landscape

• No specific market share, competitive landscape, or market trend data was provided in the release.

Risks and Challenges

• Potential risks include federal, state, and local regulatory and political trends, including rate proceedings before state commissions.
• Risks related to increased federal regulatory oversight, potential penalties, and safety regulations.
• Possible significant costs and liabilities from pipeline integrity programs and repairs.
• Hazards inherent in distributing, transporting, and storing natural gas.
• Availability and accessibility of contracted gas supplies, interstate pipelines, and storage services.
• Increased competition from energy suppliers and alternative energy forms.
• Workforce attraction and retention challenges.
• Natural disasters, adverse weather, and terrorist activities.
• Technology failures and cyber-attacks.
• Impact of legislation to reduce greenhouse gas emissions or fossil fuels.
• Capital-intensive nature of the business and ability to access credit and capital markets.
• Market risks including commodity price volatility, counterparty performance, and interest rate risk.
• Concentration of operations in Texas.
• Adverse economic conditions affecting customers and changes in natural gas availability and price.
• Increased costs for health care, pension, and postretirement benefits.

Management Commentary and Tone

• No specific management quotes or commentary were included in the release.

Analyst Questions and Answers

• No analyst Q&A content was included in the release.

Other Key Points

• The Board of Directors declared a quarterly dividend of $1.00 per common share.
• The indicated annual dividend for fiscal 2026 is $4.00, representing a 14.9% increase over fiscal 2025.
• A conference call to discuss results is scheduled for August 6, 2026, at 10:00 a.m. Eastern Time.
• Atmos Energy serves approximately 3.4 million distribution customers in over 1,400 communities across eight states.
• The company manages proprietary pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas.