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Atmos Energy Corp

ATO: XNYS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
$639.00LkxnpldLzdzzsfqc

High Growth in Texas Supports Atmos' Earnings Outlook

Business Strategy and Outlook

Favorable rate regulation and large infrastructure investment opportunities have driven strong earnings growth and steady dividend increases for Atmos Energy. We expect Atmos to invest $14 billion during the next five years, the high end of management's $13 billion-$14 billion target. Over 85% of the total investment is for safety and reliability, replacing bare steel, cast iron, and vintage plastic pipes. We expect this investment to receive regulatory support and continue beyond our five-year forecast.

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