Atmos Energy Corporation Price, Consensus and EPS Surprise
Atmos Energy Corporation price-consensus-eps-surprise-chart | Atmos Energy Corporation Quote
Quarterly HighlightsTotal operating expenses in the reported quarter increased 8.2% from the year-ago level to $332.2 million due to higher operation and maintenance expenses, as well as depreciation and amortization costs.
Operating income in the reported quarter was down 1.7% year over year to $122.2 million. Lower consumption and increased operating expenses completely offset the gains from positive rate case outcomes, customer growth in its distribution segment, as well as higher margins in the pipeline and storage segment.
The company incurred interest expenses of $19.6 million, down 16.3% from the year-ago period.
Financial HighlightsAs of Jun 30, 2019, Atmos Energy had cash and cash equivalents of $46.2 million compared with $13.8 million on Sep 30, 2018.
Long-term debt was $3.53 billion as of Jun 30, 2019, up from $2.49 billion on Sep 30, 2018.
The company’s cash flow from operating activities over the nine-month period ended Jun 30, 2019 was $808.9 million, down from $1,035.3 million recorded in the prior-year comparable period.
It invested $1.2 billion in the nine-month period ended Jun 30, 2019. Of the total spending, majority was assigned for improving system safety and reliability investments.
GuidanceAtmos Energy reiterated its fiscal 2019 earnings guidance in the range of $4.25-$4.35 per share. The midpoint of the revised guided range is $4.30, which is lower than the current Zacks Consensus Estimate for fiscal 2019 of $4.32.
Capital expenditure for fiscal 2019 is expected in the range of $1.65-$1.75 billion.
Zacks RankAtmos Energy currently has a Zacks Rank #3 (Hold). You can see
the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Other ReleasesPlains All American Pipeline, L.P. (NYSE:) reported second-quarter 2019 adjusted earnings of 67 cents per unit, beating the Zacks Consensus Estimate of 44 cents by 52.3%.
ONEOK Inc. (NYSE:) reported second-quarter 2019 operating earnings of 75 cents per share, which surpassed the Zacks Consensus Estimate of 70 cents by 7.1%.
National Fuel Gas Company (NYSE:) posted third-quarter fiscal 2019 operating earnings of 71 cents per share, beating the Zacks Consensus Estimate of 63 cents by nearly 12.7%.
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