Atmos Energy Corporation Price, Consensus and EPS Surprise
Atmos Energy Corporation price-consensus-eps-surprise-chart | Atmos Energy Corporation Quote
Segment RevenuesDistribution: Revenues from the segment decreased 0.9% to $403.8 million from $407.5 million in the prior-year quarter.
Pipeline and Storage: Revenues from the segment increased 11.3% to $147.7 million from $132.7 million in the year-ago quarter. The improvement was driven by increase in rates, wider spreads, and positive supply and demand dynamics in the Permian Basin.
Quarterly HighlightsTotal operating expenses in the reported quarter increased 9.5% from the year-ago level to $340.3 million due to higher operation and maintenance expenses, as well as depreciation and amortization costs.
Operating income in the reported quarter was down 1.1% year over year to $89.7 million due to higher operating expenses. Higher contribution from distribution and pipeline, and storage segments was more than offset by increased operation and maintenance, and depreciation expenses in the quarter.
The company incurred interest expenses of $28.8 million, up 17.6% from the year-ago period.
Financial HighlightsAs of Sep 30, 2019, Atmos Energy had cash and cash equivalents of $24.5 million compared with $13.8 million in the corresponding period of 2018.
Long-term debt was $3.53 billion as of Sep 30, 2019, up from $2.49 billion in the comparable year-ago period.
The company’s cash flow from operating activities in fiscal 2019 was $968.8 million, down from $1,124.6 million recorded a year ago.
It invested $1.69 billion in fiscal 2019 compared with $15 billion in fiscal 2018. The increase in capital spending was due to continued spending for infrastructure replacements and enhancements.
GuidanceAtmos Energy expects fiscal 2020 earnings in the range of $4.58-$4.73 per share. The Zacks Consensus Estimate for fiscal 2020 is $4.63 per share. Capital expenditure is expected in the range of $1.85-$1.95 billion for fiscal 2020.
Zacks RankAtmos Energy currently has a Zacks Rank #2 (Buy). You can see
the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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