Atmos Energy Corporation
- Branche
- Electric Utilities
- Börse
- USA
- Land / Region
- USA
- Börsengang
- 1. Januar 1987
- Mitarbeiter
- 5.487
- Website
- www.atmosenergy.com
Zusammengesetzter Bewertungsbereich · konservativ $120–$145 / fair $145–$170 / optimistisch $170–$195. Bei $178.22, Innerhalb des optimistischen Bereichs des inneren Werts · viele Erwartungen eingepreist.
Bei Veröffentlichung $177.81 (23. Mai 2026)
Daten von EODHD, dargestellt in der Berichtswährung; nur zu Informationszwecken, keine Anlageberatung.
Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately 3.4 million residential, commercial, public authority, and industrial customers; and owned 76,000 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage facilities in Texas; provides ancillary services customary to the pipeline industry, including parking arrangements, lending, and inventory sales; and owned 5,700 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is based in Dallas, Texas.
Geschichte
Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas, and became a publicly listed company in 1987. The company has grown into a pure-play natural gas utility built around two reporting segments: a regulated natural gas distribution business spanning eight states, and a regulated pipeline and storage business centered in Texas and Louisiana. It now serves approximately 3.4 million residential, commercial, public-authority, and industrial customers and owns about 76,000 miles of distribution and transmission mains, while its pipeline and storage segment operates roughly 5,700 miles of intrastate transmission lines, around 53 Bcf of working gas storage capacity, and five underground storage facilities in Texas. Rather than expanding through large acquisitions, the company has pursued a safety-driven organic growth strategy, lifting annual capital expenditure from $1.97 billion in fiscal 2021 to $3.56 billion in fiscal 2025 and growing its rate base toward a planned $26 billion of capital investment over 2026-2030, with rate base targeted to rise from $21.4 billion in 2025 to an estimated $42 billion by 2030. This growth has been partly funded by equity issuance, with year-end shares outstanding increasing from 119.3 million in fiscal 2019 to 161.6 million in fiscal 2025 and 166.9 million by the end of March 2026.
Branchenposition
Atmos Energy describes itself as the largest pure-play natural gas local distribution company, with distribution operations across eight states and roughly 65% of its distribution rate base located in Texas. Its competitive position rests on several structural sources: regulated franchise barriers, since natural gas distribution networks are geographic near-monopolies that require state regulatory approval and recover invested capital through rate base over time; scale and network density across approximately 3.4 million customers and about 76,000 miles of mains, with a network connected to 38 different pipelines that improves supply diversity; and customer switching costs rooted in the housing stock and equipment-replacement economics, reinforced by natural gas costing roughly 2-4 times less than electricity on an equivalent-heat basis in the company's service territories. The company reports that 100% of its earnings come from a fully regulated transportation and distribution platform, that 96% of its rate base sits in states supporting natural gas infrastructure investment policy, and that annual filing mechanisms allow over 90% of yearly capital spending to begin earning a return within six months and roughly 99% within twelve months. For the distribution business, the relevant competitive pressures are electrification trends and changes in regulatory treatment rather than a rival gas network in the same city, while the pipeline and storage business has historically faced limited competition, primarily from existing or new intrastate pipelines and gas marketers, with new pipeline completions potentially increasing competition.
Noch keine Analysen zu dieser Aktie in Ihrer Sprache.