Atmos Energy Corp. Reports Operating Results (10-Q)

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Feb 09, 2013
Atmos Energy Corp. (ATO, Financial) filed Quarterly Report for the period ended 2012-12-31.

Atmos Energy Corp has a market cap of $3.42 billion; its shares were traded at around $37.85 with a P/E ratio of 16.6667 and P/S ratio of 1.0192. The dividend yield of Atmos Energy Corp stocks is 3.66%. Atmos Energy Corp had an annual average earning growth of 3.3% over the past 10 years.

Highlight of Business Operations:

We reported net income of $80.5 million, or $0.88 per diluted share for the three months ended December 31, 2012 compared with net income of $68.5 million, or $0.75 per diluted share in the prior-year quarter. Regulated operations contributed 90 percent of our net income during this period with our nonregulated operations contributing the remaining ten percent. Excluding the impact of unrealized margins, diluted earnings per share increased $0.13 compared with the prior-year quarter. The $0.13 per diluted share increase primarily reflects recent rate increases approved in our regulated transmission and storage segment and improved asset optimization margins in our nonregulated segment, coupled with an $8.1 million decrease in operating and maintenance expense and a $5.2 million decrease in interest expense due primarily from interest capitalized related to Rule 8.209 spending in the current quarter and the early redemption of the 5.125% $250 million senior notes due January 2013, with funds borrowed under a $260 million short-term debt facility in August 2012.

Realized margins for gas delivery, storage and transportation services and other services were $14.6 million during the three months ended December 31, 2012 compared with $15.3 million for the prior-year quarter. The decrease primarily reflects a seven percent decrease in consolidated sales volumes, which was largely attributable to warmer weather. Gas delivery per-unit margins remained consistent with prior-year per-unit margins at $0.10/Mcf.

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