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Stocks/Utilities/Gas Utilities

Atmos EnergyATO

Gas Utilities · Dallas, Texas · In the S&P 500
Solid business
$172.41+0.78%After hours: $172.41 (0.00%)At the close, 30 Oct · Prices from CNBC, may be delayed
▲ 0.4% over 1 year
Atmos Energy over 1 yearDaily close, $, to 30 Oct 2026
$160$180$190Nov2026MarMayJulSep$172.41$160$180NovMarJul$172.41
Source: Nasdaq daily closes
Market value$29.14B
Price to earnings20.5x
Forward P/E19.3x
Dividend yield2.32%
Year to date+2.9%
One year+0.4%
Next earningsWed 4 Nov, after the close
SectorUtilities
52-week range (closes)
$156.24$192.29

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Quality and valuation

How Atmos Energy compares with other utilities stocks. A description, not a recommendation.

Atmos Energy and 7 gas utilities peers. Across: valuation (P/E) against the sector. Up: business quality against the sector. Hover or tap a logo for its numbers.

Business quality: about averageValuation: in line with its sector

An average business among utilities companies, priced about in line with them.

Atmos Energy trades at 19.3 times the next 12 months of expected earnings, against a median of 18.6x for the 33 utilities stocks we cover. The quality score blends where it ranks on revenue growth, gross margin, operating margin and free-cash-flow margin (net margin for banks and insurers) over the last 12 months, from SEC filings.

  • Revenue grew slower than the sector median: +6.5% vs +8.3%
  • More profitable (operating margin): 37.0% vs 23.0%
  • Turns less of its sales into cash: −41.1% vs −14.5%
ATO trades at 19.3x forward earnings, above the sector medianForward p/e, Gas Utilities peers
SRE16.6xD17.5xDUK18.8xATO19.3xAEP19.6xSO20.1xNEE20.8xCEG21.4xSector median 18.6xSRE16.6xD17.5xDUK18.8xATO19.3xAEP19.6xSO20.1xNEE20.8xCEG21.4xSector median 18.6x
Source: CNBC quotes; Mostly Markets
At 20.5x earnings, ATO is cheaper than its average since Aug 2024Price over the last 12 months of reported (GAAP) diluted EPS
P/EUsual range (±1 s.d.)
22x24xAverage 21.6x2025202620.5x22xAverage 21.6x2025202620.5x
Source: Nasdaq prices; SEC filings

Financials

From Atmos Energy's SEC filings, through the quarter ending 30 Jun 2026. Hover or tap a bar for its value.

Revenue grew 4.8% from a year earlierQuarterly revenue, $bn, latest Q3 ’26
$0.0bn$0.5bn$1.0bn$1.5bnQ4 ’24Q2 ’25Q4 ’25$0.9bnQ3 ’26$0bn$1bnQ4 ’24Q2 ’25Q4 ’25$0.9bnQ3 ’26
Source: SEC filings
Growth sped up to +4.8% last quarterRevenue growth, year on year, %
0%5%10%15%Q4 ’24Q2 ’25Q4 ’254.8%Q3 ’260%10%Q4 ’24Q2 ’25Q4 ’254.8%Q3 ’26
Source: SEC filings
Operating margin was 36.4% last quarterOperating income as a share of revenue, %
0%10%20%30%Q4 ’24Q2 ’25Q4 ’2536.4%Q3 ’260%20%Q4 ’24Q2 ’25Q4 ’2536.4%Q3 ’26
Source: SEC filings
Free cash flow was −$2.0 billion over 12 monthsQuarterly free cash flow (operating cash flow minus capex), $m
−$500m−$250m$0mQ4 ’24Q2 ’25Q4 ’25−$399mQ3 ’26−$500m$0mQ4 ’24Q2 ’25Q4 ’25−$399mQ3 ’26
Source: SEC filings
Last 12 monthsATOSector median
Revenue growth+6.5%+8.3%
Operating margin37.0%23.0%
Free cash flow margin−41.1%−14.5%
Price to earnings20.5x21.1x

Similar companies

Gas Utilities, by market value.

CompanyPriceTodayYTDValue
NEENextEra Energy$83.71+1.91%+4.3%$176B
SOSouthern$93.71+0.77%+7.5%$108B
DUKDuke Energy$127.39+1.18%+8.7%$99.33B
CEGConstellation Energy$262.38−0.83%−25.7%$92.96B
AEPAmerican Electric Power$130.21+0.67%+12.9%$70.90B
DDominion Energy$66.62+2.30%+13.7%$58.59B
SRESempra$86.06+0.20%−2.5%$56.27B
ETREntergy$110.11+0.13%+19.1%$52.61B