Atmos Energy: Q2 Earnings Insights

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Atmos Energy ATO reported its Q2 earnings results on Wednesday, May 3, 2023 at 04:36 PM.

Here's what investors need to know about the announcement.

Earnings

Atmos Energy beat estimated earnings by 0.81%, reporting an EPS of $2.48 versus an estimate of $2.46.

Revenue was down $109.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.01 which was followed by a 0.38% drop in the share price the next day.

Here's a look at Atmos Energy's past performance:

Quarter Q1 2023 Q4 2022 Q3 2022 Q2 2022
EPS Estimate 1.92 0.43 0.84 2.35
EPS Actual 1.91 0.51 0.92 2.37
Revenue Estimate 1.14B 559.54M 681.07M 1.39B
Revenue Actual 1.48B 722.63M 816.43M 1.65B

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Atmos Energy management provided guidance for FY 2023, expecting earnings between $6.0 and $6.1 per share.

To track all earnings releases for Atmos Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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