Wed, May 7, 8:46 PM (5 days ago)
**Atmos Energy Corporation (ATO) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** Q1 2025 revenue was $1.95B, up 18.4% from Q1 2024 ($1.65B). H1 2025 revenue was $3.13B, up 11.6% from H1 2024 ($2.81B). - **Net Income:** Q1 2025 net income was $485.6M, up 12.4% from Q1 2024 ($432M). H1 2025 net income was $837.4M, up 12.6% from H1 2024 ($743.3M). - **Earnings per Share (EPS):** Q1 2025 EPS was $3.05, up 7% from Q1 2024 ($2.85). H1 2025 EPS was $5.31, up 7.7% from H1 2024 ($4.93). - **Operating Income:** Q1 2025 operating income was $628.9M, up 14.3% from Q1 2024 ($551M). H1 2025 operating income was $1.09B, up 14.5% from H1 2024 ($950.1M). - **Cash Flow:** Operating cash flow for H1 2025 was $1.20B, up 21.4% from H1 2024 ($991.9M). Capital expenditures for H1 2025 were $1.73B, up 22.1% from H1 2024 ($1.42B). **Segment Performance:** - **Distribution Segment:** Q1 2025 operating income was $483.7M, up 13.5% from Q1 2024 ($426.2M). H1 2025 operating income was $799.8M, up 13.2% from H1 2024 ($706.7M). - **Pipeline & Storage Segment:** Q1 2025 operating income was $145.2M, up 16.4% from Q1 2024 ($124.8M). H1 2025 operating income was $288.7M, up 18.6% from H1 2024 ($243.4M). **Key Drivers:** - Positive rate outcomes driven by safety and reliability spending. - Higher bad debt expense, depreciation, property taxes, and operating expenses. - Increased capital expenditures for system modernization and customer growth. **Uncertainties & Future Operations:** - Regulatory changes and rate proceedings. - Weather normalization adjustments and gas cost fluctuations. - Access to capital markets and financing needs. - Competitive factors and economic conditions in service areas. **Liquidity & Capital Resources:** - Total liquidity of $5.3B as of March 31, 2025. - $1.5B commercial paper program and $3.1B in committed revolving credit facilities. - $8B shelf registration statement for common stock and/or debt securities. - $1.7B ATM equity sales program and $1.7B in available proceeds from forward sale agreements.