Atmos Energy (ATO) Tops Q1 EPS by 13c, Revenues Miss; Offers FY21 EPS Mid-Point Views Below Consensus

Atmos Energy (NYSE: ATO) reported Q1 EPS of $1.71, $0.13 better than the analyst estimate of $1.58. Revenue for the quarter came in at $914.48 million versus the consensus estimate of $985.11 million.

Highlights

• Earnings per diluted share was $1.71 for the three months ended December 31, 2020.
• Consolidated net income was $217.7 million for the three months ended December 31, 2020.
• Capital expenditures totaled $456.8 million for the three months ended December 31, 2020, with approximately 87 percent of capital spending related to system safety and reliability investments.

"I am so proud of our employees and their continued dedication to execute our strategy of investing in safety and reliability," said Kevin Akers, President and Chief Executive Officer of Atmos Energy. "Their resilience and hard work positions us for continued success in fiscal 2021."

GUIDANCE:

Atmos Energy sees FY2021 EPS of $4.90-$5.10, versus the consensus of $5.04.

• Earnings per diluted share for fiscal 2021 is expected to be in the previously announced range of $4.90 to $5.10.
• Capital expenditures are expected to be in the range of $2.0 billion to $2.2 billion in fiscal 2021.
• The company's Board of Directors has declared a quarterly dividend of $0.625 per common share. The indicated annual dividend for fiscal 2021 is $2.50, which represents an 8.7% increase over fiscal 2020.

For earnings history and earnings-related data on Atmos Energy (ATO) click here.

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