Intrinsic value of Atmos Energy - ATO

Previous Close

$92.60

  Intrinsic Value

$7.47

stock screener

  Rating & Target

str. sell

-92%

Previous close

$92.60

 
Intrinsic value

$7.47

 
Up/down potential

-92%

 
Rating

str. sell

We calculate the intrinsic value of ATO stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 9.8

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  12.40
  11.66
  10.99
  10.39
  9.86
  9.37
  8.93
  8.54
  8.19
  7.87
  7.58
  7.32
  7.09
  6.88
  6.69
  6.52
  6.37
  6.23
  6.11
  6.00
  5.90
  5.81
  5.73
  5.66
  5.59
  5.53
  5.48
  5.43
  5.39
  5.35
Revenue, $m
  3,102
  3,464
  3,845
  4,244
  4,663
  5,100
  5,555
  6,030
  6,523
  7,036
  7,570
  8,124
  8,700
  9,298
  9,921
  10,568
  11,241
  11,942
  12,672
  13,432
  14,225
  15,051
  15,913
  16,813
  17,753
  18,735
  19,761
  20,835
  21,957
  23,131
Variable operating expenses, $m
  2,262
  2,517
  2,786
  3,068
  3,363
  3,671
  3,992
  4,327
  4,675
  5,037
  5,341
  5,732
  6,138
  6,561
  7,000
  7,456
  7,931
  8,426
  8,941
  9,477
  10,036
  10,619
  11,228
  11,863
  12,526
  13,219
  13,943
  14,700
  15,492
  16,320
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,262
  2,517
  2,786
  3,068
  3,363
  3,671
  3,992
  4,327
  4,675
  5,037
  5,341
  5,732
  6,138
  6,561
  7,000
  7,456
  7,931
  8,426
  8,941
  9,477
  10,036
  10,619
  11,228
  11,863
  12,526
  13,219
  13,943
  14,700
  15,492
  16,320
Operating income, $m
  840
  947
  1,059
  1,177
  1,300
  1,429
  1,563
  1,702
  1,848
  1,999
  2,229
  2,392
  2,562
  2,738
  2,921
  3,112
  3,310
  3,516
  3,731
  3,955
  4,188
  4,432
  4,686
  4,951
  5,227
  5,517
  5,819
  6,135
  6,465
  6,811
EBITDA, $m
  1,981
  2,212
  2,455
  2,710
  2,977
  3,256
  3,547
  3,850
  4,165
  4,492
  4,833
  5,187
  5,554
  5,937
  6,334
  6,747
  7,177
  7,624
  8,090
  8,576
  9,082
  9,609
  10,160
  10,734
  11,334
  11,961
  12,617
  13,302
  14,018
  14,768
Interest expense (income), $m
  157
  190
  235
  283
  334
  388
  444
  502
  563
  627
  693
  762
  833
  907
  984
  1,064
  1,148
  1,234
  1,324
  1,418
  1,516
  1,618
  1,724
  1,834
  1,950
  2,070
  2,196
  2,327
  2,465
  2,608
  2,759
Earnings before tax, $m
  651
  712
  776
  842
  912
  985
  1,060
  1,139
  1,221
  1,306
  1,467
  1,559
  1,654
  1,754
  1,857
  1,964
  2,076
  2,192
  2,313
  2,439
  2,571
  2,708
  2,851
  3,001
  3,157
  3,321
  3,491
  3,670
  3,857
  4,052
Tax expense, $m
  176
  192
  209
  227
  246
  266
  286
  308
  330
  353
  396
  421
  447
  473
  501
  530
  560
  592
  625
  659
  694
  731
  770
  810
  852
  897
  943
  991
  1,041
  1,094
Net income, $m
  475
  520
  566
  615
  666
  719
  774
  831
  891
  953
  1,071
  1,138
  1,208
  1,280
  1,355
  1,434
  1,515
  1,600
  1,688
  1,781
  1,877
  1,977
  2,081
  2,191
  2,305
  2,424
  2,549
  2,679
  2,815
  2,958

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  12,071
  13,478
  14,960
  16,515
  18,143
  19,843
  21,615
  23,461
  25,382
  27,378
  29,454
  31,610
  33,851
  36,181
  38,602
  41,121
  43,740
  46,467
  49,307
  52,265
  55,348
  58,564
  61,919
  65,421
  69,078
  72,899
  76,893
  81,068
  85,436
  90,005
Adjusted assets (=assets-cash), $m
  12,071
  13,478
  14,960
  16,515
  18,143
  19,843
  21,615
  23,461
  25,382
  27,378
  29,454
  31,610
  33,851
  36,181
  38,602
  41,121
  43,740
  46,467
  49,307
  52,265
  55,348
  58,564
  61,919
  65,421
  69,078
  72,899
  76,893
  81,068
  85,436
  90,005
Revenue / Adjusted assets
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
  0.257
Average production assets, $m
  10,672
  11,916
  13,226
  14,601
  16,040
  17,543
  19,110
  20,742
  22,439
  24,205
  26,039
  27,946
  29,927
  31,987
  34,128
  36,354
  38,670
  41,081
  43,591
  46,206
  48,932
  51,775
  54,741
  57,837
  61,071
  64,449
  67,979
  71,671
  75,532
  79,572
Working capital, $m
  -56
  -62
  -69
  -76
  -84
  -92
  -100
  -109
  -117
  -127
  -136
  -146
  -157
  -167
  -179
  -190
  -202
  -215
  -228
  -242
  -256
  -271
  -286
  -303
  -320
  -337
  -356
  -375
  -395
  -416
Total debt, $m
  4,353
  5,250
  6,194
  7,184
  8,221
  9,304
  10,433
  11,609
  12,832
  14,104
  15,426
  16,800
  18,228
  19,711
  21,254
  22,858
  24,527
  26,264
  28,073
  29,957
  31,921
  33,970
  36,107
  38,337
  40,667
  43,101
  45,645
  48,305
  51,087
  53,997
Total liabilities, $m
  7,689
  8,586
  9,530
  10,520
  11,557
  12,640
  13,769
  14,945
  16,168
  17,440
  18,762
  20,136
  21,563
  23,047
  24,590
  26,194
  27,863
  29,600
  31,408
  33,293
  35,257
  37,305
  39,442
  41,673
  44,003
  46,437
  48,981
  51,640
  54,422
  57,333
Total equity, $m
  4,382
  4,893
  5,431
  5,995
  6,586
  7,203
  7,846
  8,516
  9,214
  9,938
  10,692
  11,475
  12,288
  13,134
  14,013
  14,927
  15,878
  16,868
  17,898
  18,972
  20,092
  21,259
  22,477
  23,748
  25,075
  26,462
  27,912
  29,428
  31,013
  32,672
Total liabilities and equity, $m
  12,071
  13,479
  14,961
  16,515
  18,143
  19,843
  21,615
  23,461
  25,382
  27,378
  29,454
  31,611
  33,851
  36,181
  38,603
  41,121
  43,741
  46,468
  49,306
  52,265
  55,349
  58,564
  61,919
  65,421
  69,078
  72,899
  76,893
  81,068
  85,435
  90,005
Debt-to-equity ratio
  0.990
  1.070
  1.140
  1.200
  1.250
  1.290
  1.330
  1.360
  1.390
  1.420
  1.440
  1.460
  1.480
  1.500
  1.520
  1.530
  1.540
  1.560
  1.570
  1.580
  1.590
  1.600
  1.610
  1.610
  1.620
  1.630
  1.640
  1.640
  1.650
  1.650
Adjusted equity ratio
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363
  0.363

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  475
  520
  566
  615
  666
  719
  774
  831
  891
  953
  1,071
  1,138
  1,208
  1,280
  1,355
  1,434
  1,515
  1,600
  1,688
  1,781
  1,877
  1,977
  2,081
  2,191
  2,305
  2,424
  2,549
  2,679
  2,815
  2,958
Depreciation, amort., depletion, $m
  1,140
  1,265
  1,396
  1,533
  1,677
  1,827
  1,984
  2,147
  2,317
  2,493
  2,604
  2,795
  2,993
  3,199
  3,413
  3,635
  3,867
  4,108
  4,359
  4,621
  4,893
  5,178
  5,474
  5,784
  6,107
  6,445
  6,798
  7,167
  7,553
  7,957
Funds from operations, $m
  1,615
  1,784
  1,962
  2,148
  2,343
  2,546
  2,758
  2,979
  3,208
  3,447
  3,675
  3,933
  4,200
  4,479
  4,768
  5,069
  5,382
  5,708
  6,048
  6,401
  6,770
  7,154
  7,556
  7,974
  8,412
  8,869
  9,347
  9,846
  10,369
  10,915
Change in working capital, $m
  -6
  -7
  -7
  -7
  -8
  -8
  -8
  -9
  -9
  -9
  -10
  -10
  -10
  -11
  -11
  -12
  -12
  -13
  -13
  -14
  -14
  -15
  -16
  -16
  -17
  -18
  -18
  -19
  -20
  -21
Cash from operations, $m
  1,621
  1,791
  1,969
  2,155
  2,350
  2,554
  2,766
  2,987
  3,217
  3,456
  3,685
  3,943
  4,211
  4,490
  4,779
  5,081
  5,394
  5,721
  6,061
  6,415
  6,784
  7,169
  7,571
  7,991
  8,429
  8,887
  9,365
  9,865
  10,389
  10,937
Maintenance CAPEX, $m
  -949
  -1,067
  -1,192
  -1,323
  -1,460
  -1,604
  -1,754
  -1,911
  -2,074
  -2,244
  -2,420
  -2,604
  -2,795
  -2,993
  -3,199
  -3,413
  -3,635
  -3,867
  -4,108
  -4,359
  -4,621
  -4,893
  -5,178
  -5,474
  -5,784
  -6,107
  -6,445
  -6,798
  -7,167
  -7,553
New CAPEX, $m
  -1,179
  -1,244
  -1,310
  -1,375
  -1,439
  -1,503
  -1,567
  -1,632
  -1,698
  -1,765
  -1,835
  -1,907
  -1,981
  -2,059
  -2,141
  -2,226
  -2,316
  -2,411
  -2,510
  -2,615
  -2,726
  -2,843
  -2,966
  -3,096
  -3,233
  -3,378
  -3,531
  -3,691
  -3,861
  -4,040
Cash from investing activities, $m
  -2,128
  -2,311
  -2,502
  -2,698
  -2,899
  -3,107
  -3,321
  -3,543
  -3,772
  -4,009
  -4,255
  -4,511
  -4,776
  -5,052
  -5,340
  -5,639
  -5,951
  -6,278
  -6,618
  -6,974
  -7,347
  -7,736
  -8,144
  -8,570
  -9,017
  -9,485
  -9,976
  -10,489
  -11,028
  -11,593
Free cash flow, $m
  -507
  -521
  -533
  -542
  -549
  -553
  -555
  -556
  -555
  -553
  -571
  -568
  -565
  -562
  -560
  -558
  -557
  -557
  -558
  -560
  -563
  -567
  -573
  -580
  -588
  -599
  -610
  -624
  -639
  -657
Issuance/(repayment) of debt, $m
  839
  897
  944
  991
  1,037
  1,083
  1,129
  1,176
  1,223
  1,272
  1,322
  1,374
  1,428
  1,484
  1,543
  1,604
  1,669
  1,737
  1,809
  1,884
  1,964
  2,048
  2,137
  2,231
  2,330
  2,434
  2,544
  2,660
  2,782
  2,911
Issuance/(repurchase) of shares, $m
  8
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  847
  897
  944
  991
  1,037
  1,083
  1,129
  1,176
  1,223
  1,272
  1,322
  1,374
  1,428
  1,484
  1,543
  1,604
  1,669
  1,737
  1,809
  1,884
  1,964
  2,048
  2,137
  2,231
  2,330
  2,434
  2,544
  2,660
  2,782
  2,911
Total cash flow (excl. dividends), $m
  339
  376
  411
  448
  488
  530
  574
  620
  668
  719
  751
  806
  863
  921
  982
  1,046
  1,112
  1,180
  1,251
  1,325
  1,402
  1,481
  1,565
  1,651
  1,741
  1,835
  1,933
  2,036
  2,143
  2,254
Retained Cash Flow (-), $m
  -483
  -511
  -538
  -564
  -591
  -617
  -643
  -670
  -697
  -725
  -753
  -783
  -814
  -846
  -879
  -914
  -951
  -990
  -1,031
  -1,074
  -1,119
  -1,167
  -1,218
  -1,271
  -1,328
  -1,387
  -1,450
  -1,516
  -1,585
  -1,659
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  14
  16
  17
  19
  21
  23
  25
  28
  30
  33
  35
  38
  41
  43
  46
  50
  53
  56
  60
  63
  67
  71
  75
  80
  84
  89
  94
  99
  104
  110
Cash available for distribution, $m
  -144
  -135
  -127
  -116
  -103
  -87
  -69
  -50
  -29
  -6
  -2
  23
  49
  76
  103
  132
  161
  190
  220
  251
  282
  314
  347
  380
  414
  448
  484
  520
  557
  596
Discount rate, %
  7.00
  7.35
  7.72
  8.10
  8.51
  8.93
  9.38
  9.85
  10.34
  10.86
  11.40
  11.97
  12.57
  13.20
  13.86
  14.55
  15.28
  16.04
  16.85
  17.69
  18.57
  19.50
  20.48
  21.50
  22.58
  23.70
  24.89
  26.13
  27.44
  28.81
PV of cash for distribution, $m
  -134
  -117
  -102
  -85
  -68
  -52
  -37
  -24
  -12
  -2
  -1
  6
  11
  13
  15
  15
  14
  13
  11
  10
  8
  6
  5
  4
  3
  2
  1
  1
  0
  0
Current shareholders' claim on cash, %
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9
  99.9

Atmos Energy Corporation is a fully-regulated, natural-gas-only distributor engaged primarily in the regulated natural gas distribution and pipeline businesses, as well as other nonregulated natural gas businesses. It operates through three segments: regulated distribution segment, which includes its regulated distribution and related sales operations; regulated pipeline segment, which includes pipeline and storage operations of its Atmos Pipeline-Texas Division, and nonregulated segment, which includes its nonregulated natural gas management, nonregulated natural gas transmission, storage and other services. Its nonregulated businesses provide natural gas management, transportation and storage services to local gas distribution companies, including certain of its natural gas distribution divisions and industrial customers in the Midwest and Southeast. It also manages its natural gas pipeline and storage assets, including its intrastate natural gas pipeline systems in Texas.

FINANCIAL RATIOS  of  Atmos Energy (ATO)

Valuation Ratios
P/E Ratio 24.8
Price to Sales 3.6
Price to Book 2.5
Price to Tangible Book
Price to Cash Flow 11.3
Price to Free Cash Flow -36.4
Growth Rates
Sales Growth Rate 12.4%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.6%
Cap. Spend. - 3 Yr. Gr. Rate 6.4%
Financial Strength
Quick Ratio 0
Current Ratio 0.1
LT Debt to Equity 78.7%
Total Debt to Equity 90.2%
Interest Coverage 5
Management Effectiveness
Return On Assets 4.8%
Ret/ On Assets - 3 Yr. Avg. 4.7%
Return On Total Capital 5.6%
Ret/ On T. Cap. - 3 Yr. Avg. 5.5%
Return On Equity 10.8%
Return On Equity - 3 Yr. Avg. 10.4%
Asset Turnover 0.3
Profitability Ratios
Gross Margin 0%
Gross Margin - 3 Yr. Avg. 0%
EBITDA Margin 39.2%
EBITDA Margin - 3 Yr. Avg. 37%
Operating Margin 26.4%
Oper. Margin - 3 Yr. Avg. 24.7%
Pre-Tax Margin 21.9%
Pre-Tax Margin - 3 Yr. Avg. 20.3%
Net Profit Margin 14.3%
Net Profit Margin - 3 Yr. Avg. 13.1%
Effective Tax Rate 36.6%
Eff/ Tax Rate - 3 Yr. Avg. 37%
Payout Ratio 48.5%

ATO stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the ATO stock intrinsic value calculation we used $2760 million for the last fiscal year's total revenue generated by Atmos Energy. The default revenue input number comes from 2017 income statement of Atmos Energy. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our ATO stock valuation model: a) initial revenue growth rate of 12.4% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 7%, whose default value for ATO is calculated based on our internal credit rating of Atmos Energy, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Atmos Energy.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of ATO stock the variable cost ratio is equal to 73.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for ATO stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Atmos Energy.

Corporate tax rate of 27% is the nominal tax rate for Atmos Energy. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the ATO stock is equal to 0.5%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for ATO are equal to 344%.

Life of production assets of 10 years is the average useful life of capital assets used in Atmos Energy operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for ATO is equal to -1.8%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $3899 million for Atmos Energy - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 106 million for Atmos Energy is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Atmos Energy at the current share price and the inputted number of shares is $9.8 billion.

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COMPANY NEWS

▶ Atmos: Fiscal 3Q Earnings Snapshot   [05:37PM  Associated Press]
▶ Benzinga's Top Analyst Calls From May 4, 2018   [May-04-18 11:17AM  Benzinga]
▶ Atmos: Fiscal 2Q Earnings Snapshot   [May-03-18 05:05AM  Associated Press]
▶ Earnings Preview For Atmos Energy   [07:30AM  Benzinga]
▶ Atmos investigated leaks before fatal Dallas house blast   [Mar-10-18 01:12PM  Associated Press]
▶ Ray Dalio's Bridgewater Bets on Utilities in 4th Quarter   [Feb-14-18 12:56PM  GuruFocus.com]
▶ Atmos beats 1Q profit forecasts   [Feb-06-18 05:47PM  Associated Press]
▶ Mississippi's largest gas utility to raise rates for 260,000   [Dec-05-17 06:03PM  Associated Press]
▶ Atmos Energy Earns IBD Rating Upgrade   [Dec-01-17 03:00AM  Investor's Business Daily]
▶ Atmos Energy's Long Rally Should Continue   [08:56AM  TheStreet.com]
▶ Atmos Energy Shows Rising Relative Strength; Still Shy Of Key Benchmark   [Nov-10-17 03:00AM  Investor's Business Daily]
▶ 3 Dividend Stocks That Thrive in Market Crashes   [Oct-28-17 09:45AM  Motley Fool]
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