{ "ok": true, "cik": "731802", "ticker": "ATO", "name": "Atmos Energy Corp", "filings": [ { "form": "8-K", "filed": "2026-08-10", "items": [ "5.02 Departure or Election of Directors; Appointment of Officers", "7.01 Regulation FD Disclosure", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/731802/000119312526341096/0001193125-26-341096-index.htm" }, { "form": "10-Q", "filed": "2026-08-05", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/731802/000073180226000102/0000731802-26-000102-index.htm" }, { "form": "8-K", "filed": "2026-08-05", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/731802/000073180226000100/0000731802-26-000100-index.htm" }, { "form": "8-K", "filed": "2026-06-18", "items": [ "1.01 Entry into a Material Definitive Agreement", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/731802/000119312526276088/0001193125-26-276088-index.htm" }, { "form": "8-K", "filed": "2026-06-18", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/731802/000119312526275070/0001193125-26-275070-index.htm" }, { "form": "10-Q", "filed": "2026-05-06", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/731802/000073180226000089/0000731802-26-000089-index.htm" } ], "events12m": 11, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-08-10", "url": "https://www.sec.gov/Archives/edgar/data/731802/000119312526341096/0001193125-26-341096-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000731802.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=731802" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Atmos Energy Corp ($ATO). Last filing: 8-K (5.02 Departure or Election of Directors; Appointment of Officers), 2026-08-10. 11 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-09-30", "revenue": 4702755000, "revenueGrowth1y": 0.12906215255161424, "revenueGrowthPerYear": 0.08387560330016508, "yearsOfData": 5, "operatingMargin": 0.33171428237277933, "operatingMarginPrior": 0.3254024369133967, "netMargin": 0.25490462505488803, "operatingCashFlow": 2049456000, "capitalSpending": 3561399000, "freeCashFlow": -1511943000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 202687000, "longTermDebt": 8982234000, "longTermDebtChange": 0.14658668937143626, "revenueHistory": [ { "fiscalYearEnd": "2021-09-30", "revenue": 3407490000 }, { "fiscalYearEnd": "2022-09-30", "revenue": 4201662000 }, { "fiscalYearEnd": "2023-09-30", "revenue": 4275357000 }, { "fiscalYearEnd": "2024-09-30", "revenue": 4165187000 }, { "fiscalYearEnd": "2025-09-30", "revenue": 4702755000 } ], "totalEquity": 13558890000, "totalAssets": 28249522000, "equityRatio": 0.47996882920709244, "returnOnEquity": 0.08841092449308166, "dividendsPaid": 553761000, "payoutRatio": 0.46194715512940937, "dividendPerShare": 3.48, "dividendYearsRising": 16, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 7.54, "sharesOutstanding": 160573000, "bookValuePerShare": 84.4406593885647, "revenuePerShare": 29.287333486949862, "range80": { "low": 4323686418.415865, "high": 5734524155.385052, "baseline": 5096216665.881349, "n": 4599, "band": "b1", "bandLabel": "$1B–10B", "method": "v4.1", "credibility": 0.5, "growthYears": 4, "ownVolatility": 0.10592761629806953, "classVolatility": 0.07701947805587882, "volatility": 0.09260847664925455 }, "ifPaceHeld": { "low": 4323686418.415865, "high": 5734524155.385052 } }, "edgarette": "🔖 Exposure: revenue $4.7B (FY2025), total debt $9.0B. Experience: revenue up 12.9% on the year, up 8.4% a year over 4 years; operating margin 33.2%, up from 32.5%. Soundness: equity 48.0% of assets, return on equity 8.8%, payout 46.2% of profit, dividend per share up 16 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $4.3B and $5.7B next year (method v4.1: its own 4-year record of growth weighed at 50% against $1B–10B filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $3.9B to $6.4B. A statistical range, not company guidance. Against peers (12 filers, $50M+ revenue, natural gas distribution): operating margin 33.2% against a 33.8% median; growth 12.9% against 17.1%.", "peers": { "sic": 4924, "sicDescription": "Natural Gas Distribution", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4924", "growth": [ 0.1711, 13 ], "opMargin": [ 0.3381, 12 ], "equityRatio": [ 0.264, 8 ] }, "summary": "Atmos Energy (ATO) grew revenue 12.9% in FY2025 to $4.7 billion, operating margin 33.2% against a 33.8% median for natural gas distribution, equity 48.0% of assets, and dividend per share up 16 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Atmos Energy Corp against its own record and its peers
Operating marginPeer median 33.8%33.2%Revenue, on the yearPeer median 17.1%12.9%Equity of assetsPeer median 26.4%48.0%Return on equity8.8%Payout of profit46.2%Gold tick: the median of 8–8 peers with $50M+ revenue in natural gas distribution
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit46.2% paid out53.8% keptHanded back per share$3.48up 16 years runningGrowth its own profit can fund4.8%retained x return on equityRevenue growth it managed12.9%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:40.812Z", "hash": "e1201fcd4328584c", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Atmos Energy (ATO) grew revenue 12.9% in FY2025 to $4.7 billion, operating margin 33.2% against a 33.8% median for natural gas distribution, equity 48.0% of assets, and dividend per share up 16 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-09-30", "revenue": 4702755000, "totalDebt": 8982234000, "cash": 202687000 }, "experience": { "revenueGrowth1y": 0.12906215255161424, "revenueGrowthPerYear": 0.08387560330016508, "operatingMargin": 0.33171428237277933, "operatingMarginPrior": 0.3254024369133967, "netMargin": 0.25490462505488803, "freeCashFlow": -1511943000 }, "soundness": { "equityRatio": 0.47996882920709244, "returnOnEquity": 0.08841092449308166, "payoutRatio": 0.46194715512940937, "dividendPerShare": 3.48, "dividendYearsRising": 16, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 4924, "sicDescription": "Natural Gas Distribution", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "4924", "growth": [ 0.1711, 13 ], "opMargin": [ 0.3381, 12 ], "equityRatio": [ 0.264, 8 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "5.02", "label": "Director or officer change", "count": 1, "latest": { "filed": "2026-08-10", "url": "https://www.sec.gov/Archives/edgar/data/731802/000119312526341096/0001193125-26-341096-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 4323686418.415865, "high": 5734524155.385052, "baseline": 5096216665.881349, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 4599, "sizeBand": "$1B–10B", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.5, "growthYears": 4, "ownVolatility": 0.10592761629806953, "classVolatility": 0.07701947805587882, "pricedVolatility": 0.09260847664925455, "k": 3 }, "stress": { "low": 3899993443.028838, "high": 6358152643.929375, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 6, "hits": 5, "rate": 0.8333333333333334, "method": "v4", "byYear": { "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 1, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T16:33:40.812Z", "hash": "e1201fcd4328584c", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000731802.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=731802" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.4358, "growth3y": 0.0383, "volatility": 0.1059, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4793, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 43.6% of revenue into operating cash; revenue growing 3.8% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 92nd percentile for cash, 46th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 92, "growthPctInClass": 46, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-09-30", "operating": 2049456000, "investing": -3561282000, "financing": 1406773000, "capitalSpending": 3561399000, "free": -1511943000, "trend": [ { "fiscalYearEnd": "2021-09-30", "operating": -1084251000, "free": -3053791000 }, { "fiscalYearEnd": "2022-09-30", "operating": 977584000, "free": -1466836000 }, { "fiscalYearEnd": "2023-09-30", "operating": 3459743000, "free": 653770000 }, { "fiscalYearEnd": "2024-09-30", "operating": 1733746000, "free": -1203378000 }, { "fiscalYearEnd": "2025-09-30", "operating": 2049456000, "free": -1511943000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-09-30", "cash": 202687000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 28249522000, "ladder": null, "currentRatio": 0.77, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.4358, "growth3y": 0.0383, "volatility": 0.1059, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.4793, "quadrant": { "code": "sj", "label": "Slow and jumpy", "plain": "growing slower than its size class, with revenue that swings more" }, "compass": { "code": "between", "inside": "Turns 43.6% of revenue into operating cash; revenue growing 3.8% a year over three years; pays and raised its dividend.", "outside": "Among $1B-10B companies: 92nd percentile for cash, 46th for growth.", "emoji": "🌊", "label": "In between", "plain": "no clear cash pattern yet" }, "band": "$1B-10B", "cashPctInClass": 92, "growthPctInClass": 46, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "slowjumpy", "text": "slow and jumpy: growing slower than its size class, with revenue that swings more" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-09-30", "operating": 2049456000, "investing": -3561282000, "financing": 1406773000, "capitalSpending": 3561399000, "free": -1511943000, "trend": [ { "fiscalYearEnd": "2021-09-30", "operating": -1084251000, "free": -3053791000 }, { "fiscalYearEnd": "2022-09-30", "operating": 977584000, "free": -1466836000 }, { "fiscalYearEnd": "2023-09-30", "operating": 3459743000, "free": 653770000 }, { "fiscalYearEnd": "2024-09-30", "operating": 1733746000, "free": -1203378000 }, { "fiscalYearEnd": "2025-09-30", "operating": 2049456000, "free": -1511943000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-09-30", "cash": 202687000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 28249522000, "ladder": null, "currentRatio": 0.77, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }