Analyst Consensus ?
ConsensusHold21 ratings
Bullish838.1%
Neutral1361.9%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
Atmos Energy Corporation · ATO · FY2026 Q3 · Calendar Q3 2026
Atmos Energy Reaffirms FY26 EPS Guidance Amid Spread Pressure
The supplied analysis supports a constructive but qualified view: customer growth, infrastructure investment, and regulatory initiatives underpin the outlook, while spread compression, O&M increases, and regulatory uncertainty could limit earnings momentum.
Reported After market closeNYSEUtilities
$26.42B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.43
Consensus $1.35
EPS surprise
+5.9%
Reported versus consensus
Reported revenue
$879.1M
Consensus $900.8M
Revenue surprise
-2.4%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
-0.1%
Event window
SPY move
-0.2%
Same window
Abnormal move
+0.0%
Stock minus SPY
Volume
1.1×
Versus trailing sessions
Subsequent drift
-1.7%
Up to 20 sessions
ATOSPY benchmark
Ask FN2 about ATO FY2026 Q3
Transcript, numbers and history already loaded
Why did ATO fall 0.1% after beating EPS estimates in FY2026 Q3?What changed in ATO's guidance and outlook in FY2026 Q3?Give me the bull and bear case for ATO after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The current-quarter analysis shows FY26 EPS guidance was maintained rather than raised. It highlights 51,000 year-to-date customer additions, five new industrial customers, continued $4.2 billion FY26 capital spending, narrowing spreads, and a four-percent annual O&M increase in the five-year plan.
Guidance delta
Maintained: FY26 EPS guidance of $8.40–$8.50 was reaffirmed.
Key takeaways
- Management reaffirmed FY26 EPS guidance of $8.40–$8.50.
- Customer acquisition remained strong, with 51,000 new customers year to date and about 39,000 in Texas.
- The company continues targeting $4.2 billion of FY26 capital spending for pipeline, storage, safety, and reliability projects.
- Narrowing spreads and planned O&M increases are the main operating offsets in the supplied analysis.
Management priorities
- Complete pipeline and storage expansion projects planned for year-end.
- Advance the Rider REV tariff filing and customer-savings program.
- Execute the five-year O&M cost plan.
- Continue customer growth and supply diversification in Texas.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$158.41Current
$113Low
$162.57Average
$200High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 22, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 18, 2026 |
| JP Morgan | Neutral | Overweight | Downgrade | Sep 11, 2026 |
| Truist Securities | Hold | Hold | Maintain | Aug 13, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 14, 2026 |
| Argus Research | Buy | Buy | Maintain | Jul 2, 2026 |
| Mizuho | Neutral | Neutral | Maintain | May 29, 2026 |
| TD Cowen | Hold | Hold | Maintain | May 15, 2026 |
| Citigroup | Neutral | Neutral | Maintain | May 8, 2026 |
| UBS | Neutral | Neutral | Maintain | Dec 17, 2025 |
| B of A Securities | Neutral | Buy | Downgrade | Oct 16, 2025 |
| Ladenburg Thalmann | Neutral | Buy | Downgrade | Aug 8, 2025 |
| Wells Fargo | Overweight | Overweight | Maintain | Oct 16, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Nov 14, 2022 |
| Goldman Sachs | Neutral | Buy | Downgrade | May 13, 2022 |
| Seaport Global | Neutral | Buy | Downgrade | Apr 7, 2021 |
| Bank of America | Buy | Neutral | Upgrade | Jan 7, 2020 |
| Argus | Buy | Hold | Upgrade | May 5, 2018 |
| BB&T Capital | Buy | Buy | Maintain | Mar 30, 2016 |
| Edward Jones | Buy | Hold | Upgrade | Aug 8, 2014 |
| U.S. Capital Advisors | Hold | Underweight | Upgrade | Mar 19, 2014 |
| Hilliard Lyons | Long Term Buy | Maintain | Aug 10, 2012 | |
| Bank oferica | Buy | Buy | Maintain | May 17, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $158.41. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $179 | $160.21 | +13.0% | Sep 18, 2026 |
| Truist Financial | Analyst unavailable | $179 | $170.02 | +13.0% | Aug 13, 2026 |
| Morgan Stanley | Analyst unavailable | $196 | $176.52 | +23.7% | Jul 22, 2026 |
| Barclays | Analyst unavailable | $183 | $179.5 | +15.5% | Jul 14, 2026 |
| Wells Fargo | Constantine Lednev | $200 | $176.2 | +26.3% | Jul 13, 2026 |
| Argus Research | Marie Ferguson | $185 | $174.76 | +16.8% | Jul 2, 2026 |
| Morgan Stanley | Analyst unavailable | $190 | $172.4 | +19.9% | Jun 24, 2026 |
| Mizuho Securities | Gabriel Moreen | $184 | $173.01 | +16.2% | May 29, 2026 |
| Morgan Stanley | Analyst unavailable | $183 | $175.58 | +15.5% | May 21, 2026 |
| Truist Financial | Analyst unavailable | $187 | $176.48 | +18.0% | May 18, 2026 |
| Morgan Stanley | Analyst unavailable | $195 | $184.19 | +23.1% | Apr 21, 2026 |
| Morgan Stanley | Analyst unavailable | $192 | $180.38 | +21.2% | Feb 20, 2026 |
| Barclays | Analyst unavailable | $167 | $168.5 | +5.4% | Jan 27, 2026 |
| Morgan Stanley | Analyst unavailable | $180 | $167.87 | +13.6% | Jan 21, 2026 |
| Barclays | Analyst unavailable | $165 | $168.72 | +4.2% | Jan 15, 2026 |
| UBS | Analyst unavailable | $174 | $168 | +9.8% | Dec 17, 2025 |
| Morgan Stanley | Analyst unavailable | $172 | $170.77 | +8.6% | Dec 16, 2025 |
| Mizuho Securities | Gabriel Moreen | $180 | $171.72 | +13.6% | Dec 2, 2025 |
| Morgan Stanley | Analyst unavailable | $182 | $174.87 | +14.9% | Nov 20, 2025 |
| Morgan Stanley | David Arcaro | $181 | $177.54 | +14.3% | Oct 22, 2025 |
| Barclays | Analyst unavailable | $172 | $174.93 | +8.6% | Oct 9, 2025 |
| Barclays | Analyst unavailable | $175 | $175.75 | +10.5% | Oct 9, 2025 |
| Mizuho Securities | Analyst unavailable | $170 | $169.23 | +7.3% | Sep 26, 2025 |
| Morgan Stanley | Analyst unavailable | $167 | $166.46 | +5.4% | Sep 25, 2025 |
| Argus Research | Marie Ferguson | $172 | $161.82 | +8.6% | Sep 18, 2025 |
| UBS | Analyst unavailable | $159 | $156.2 | +0.4% | Jul 30, 2025 |
| Morgan Stanley | David Arcaro | $156 | $152.39 | -1.5% | Jun 18, 2025 |
| Wells Fargo | Sarah Akers | $156 | $142 | -1.5% | Oct 16, 2024 |
| Mizuho Securities | Gabriel Moreen | $148 | $136.48 | -6.6% | Sep 25, 2024 |
| Wells Fargo | Sarah Akers | $132 | $116.84 | -16.7% | May 14, 2024 |
| Mizuho Securities | Gabriel Moreen | $138 | $116.77 | -12.9% | May 13, 2024 |
| UBS | William Appicelli | $124 | $114.38 | -21.7% | Apr 12, 2024 |
| Mizuho Securities | Gabriel Moreen | $131 | $111.6 | -17.3% | Oct 11, 2023 |
| J.P. Morgan | Analyst unavailable | $115 | $112.39 | -27.4% | Jan 9, 2023 |
| Morgan Stanley | Analyst unavailable | $128 | $116.6 | -19.2% | Dec 15, 2022 |
| Morgan Stanley | Analyst unavailable | $120 | $111.54 | -24.2% | Nov 11, 2022 |
| Barclays | Analyst unavailable | $115 | $111.9 | -27.4% | Jul 18, 2022 |
| Goldman Sachs | Insoo Kim | $113 | $112.09 | -28.7% | May 12, 2022 |
| Mizuho Securities | Analyst unavailable | $131 | $114.58 | -17.3% | Apr 29, 2022 |
| Morgan Stanley | Analyst unavailable | $140 | $118 | -11.6% | Apr 26, 2022 |
| Credit Suisse | Analyst unavailable | $133 | $117.7 | -16.0% | Apr 26, 2022 |
| Morgan Stanley | Analyst unavailable | $139 | $122.28 | -12.3% | Apr 20, 2022 |
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Start freeCompany context
Snapshot as of publicationAtmos Energy Corporation, alongside its subsidiaries, is a U.S.-based enterprise primarily involved in the regulated distribution of natural gas, as well as operating pipeline and storage facilities. The company functions through two core divisions: Distribution, and Pipeline and Storage. The Distribution division manages the regulated delivery and associated sales of natural gas across eight states. This division supplies natural gas to approximately three million customers, encompassing homeowners, businesses, public agencies, and industrial clients.…
Historical context
All ATO earningsLatest beats and misses
Who reports nextBeat on EPS
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- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% move
- KRFY2026 Q2 · September 11, 2026+2.8% EPS+2.7% move
- ADBEFY2026 Q3 · September 10, 2026+0.8% EPS+1.4% move
- ORCLFY2027 Q1 · September 10, 2026+10.3% EPS-1.7% move
- CASYFY2027 Q1 · September 8, 2026+8.7% EPS-14.2% move
Get the ATO recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-08-06T17:15:47.823318+00:00
- FN2 earnings calendar · 2026-09-10T01:23:13.706414+00:00
- Polygon adjusted daily market bars · 2026-09-22T13:20:53.483791+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-22T13:20:53.480894+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-09-22. For educational purposes only; not investment advice.