Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Atmos Energy's shares outstanding for the quarter that ended in Mar. 2026 was 167 Mil.
Atmos Energy's quarterly shares outstanding
increased
from Dec. 2025 (165 Mil) to Mar. 2026 (167 Mil).
It means Atmos Energyissued new shares from Dec. 2025 to Mar. 2026 .
Atmos Energy's annual shares outstanding
increased
from Sep. 2024 (155 Mil) to Sep. 2025 (162 Mil).
It means Atmos Energyissued new shares from Sep. 2024 to Sep. 2025 .
Atmos Energy (NYSE:ATO) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Atmos Energy Shares Outstanding (EOP) Related Terms
Atmos Energy Shares Outstanding (EOP) Historical Data
* Premium members only.
The historical data trend for Atmos Energy's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ATO vs NI, UGI, SWX: Shares Outstanding (EOP) Comparison
For the Utilities - Regulated Gas subindustry, Atmos Energy's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Atmos Energy Shares Outstanding (EOP) vs Utilities - Regulated Industry
For the Utilities - Regulated industry and Utilities sector, Atmos Energy's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Atmos Energy's Shares Outstanding (EOP) falls into.
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
What does a Shares Outstanding (EOP) of 167 Mil mean?
Atmos Energy (ATO) has a Shares Outstanding (EOP) of 167 Mil as of Mar. 2026. The total shares a company has outstanding, at period-end. View historical data on Atmos Energy and its competitors.
Is Atmos Energy's Shares Outstanding (EOP) too high?
Atmos Energy's current Shares Outstanding (EOP) is 167 Mil. Overall, Atmos Energy has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Shares Outstanding (EOP) compare to NI and UGI?
Atmos Energy's Shares Outstanding (EOP) of 167 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (EOP) for an Utilities - Regulated company?
A good Shares Outstanding (EOP) depends on the Utilities - Regulated industry context. However, Shares Outstanding (EOP) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (EOP) mean?
A high Shares Outstanding (EOP) can signal that a stock is expensive relative to its fundamentals. The total shares a company has outstanding, at period-end. View historical data on Atmos Energy and its competitors. Atmos Energy's current Shares Outstanding (EOP) is 167 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atmos Energy stock overvalued right now?
Based on GuruFocus' analysis, Atmos Energy (ATO) is currently considered Modestly Overvalued. The stock's GF Value™ is $155.92, compared to a current price of $175.17 — trading 12.3% above its estimated fair value. The current Shares Outstanding (EOP) is 167 Mil. Atmos Energy's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Shares Outstanding (EOP) calculated?
Shares Outstanding (EOP) is calculated from a company's financial statements. For Atmos Energy (ATO), the current Shares Outstanding (EOP) is 167 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Atmos Energy (ATO) Overvalued in 2026?
Based on GuruFocus' analysis, Atmos Energy stock appears to be overvalued.
The current stock price of $175.17 is trading 12.3% above its estimated GF Value™ of $155.92.
GuruFocus considers Atmos Energy to be Modestly Overvalued.
Key valuation signals for ATO:
Shares Outstanding (EOP): 167 Mil
GF Value™: $155.92 vs. price of $175.17 (12.3% above fair value)
No single metric tells the full story. See the ATO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
84GF Score
Get the complete analysis for ATO
Shares Outstanding (EOP) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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