August 11, 2025

Atmos Energy Reports Growth and Safety Achievements

News Summary

Atmos Energy has announced significant growth in its customer base, adding over 58,000 residential clients due to job growth and demand for natural gas. New legislation in Texas is set to bolster the company’s earnings, while a major capital investment focuses on safety and reliability. The company recognizes safe digging practices and plans to award Linetec for their efforts. Upcoming rate changes will affect customer bills, but Atmos remains committed to rewarding shareholders with steady dividends.

Texas

Atmos Energy recently reported significant growth and safety milestones, bolstered by a strong demand for natural gas. The company added 58,000 residential customers and 22 industrial clients in Texas, driven by an upswing in job opportunities and increased consumption of natural gas. However, this growth comes alongside upcoming rate changes that will impact customers’ monthly bills.

In light of new legislation, Texas House Bill 4384 enables the company to enhance its regulatory asset deferral to 80%, a change anticipated to positively influence the company’s earnings per share (EPS) for the fourth quarter of fiscal year 2025 by approximately $0.10. The company has notably increased its capital spending, which rose by 22% to reach $2.6 billion, with 86% of this budget earmarked for safety and reliability enhancements as well as support for customer growth.

In fiscal year 2025, Atmos Energy reported a net income of $1 billion, equating to $6.40 per share. The company’s updated guidance projects the EPS to fall between $7.35 and $7.45, reflecting both regulatory gains and operational strengths. These financial milestones come at a time when the company is being recognized for its commitment to safety and responsible operation, demonstrated by the award of its 2025 Gold Cup of Safe Digging to Linetec of Abilene, which had the best record for safe digging practices.

In Texas, third-party excavation damage is a significant concern; it accounts for over 91% of all damage to Atmos Energy pipelines, highlighting the critical need for safety compliance. An awards ceremony for Linetec is set for August 11, coinciding with National 811 Day, aimed at promoting safe digging practices among excavators. Texas law mandates that anyone planning to dig must call 811 at least two business days prior to commencing work to ensure underground utility lines are clearly marked.

In addition to the operational updates, Atmos Energy has declared a quarterly dividend of 87.0 cents per share, with an indicated annual dividend of $3.48. This dividend is scheduled for payment on September 8, 2025, marking a notable achievement with the company having now declared 167 consecutive quarterly dividends.

Meanwhile, changes affecting natural gas bills for Lubbock residents are imminent as the city council approved a settlement related to Atmos Energy’s planned rate increase next month. This new settlement aims to reduce the customer charge while increasing usage rates, which could lead to an average monthly cost rising from $44 to approximately $45.60 for typical customers using about 50 units of natural gas.

Overall, while Atmos Energy celebrates its growth and safety achievements, customers should prepare for adjustments in their billing as regulatory changes take effect alongside the company’s expansion plans and enhanced safety measures.

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Author: STAFF HERE GEORGETOWN

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