Atmos Energy said net income for fiscal 2024 was $1,042.9 million ($6.83 per diluted share), up $157.0 million from $885.9 million ($6.10 per share) a year earlier. The company said the increase largely reflects rate outcomes from safety and reliability spending.

1. 01

   Atmos Energy said net income for fiscal 2024 was $1,042.9 million ($6.83 per diluted share), up $157.0 million from $885.9 million ($6.10 per share) a year earlier. The company said the increase largely reflects rate outcomes from safety and reliability spending.

2. 02

   The company said ratemaking regulatory actions in fiscal 2024 increased annual operating income by $376.3 million. Operating income rose in the pipeline and storage segment by 33.8% and in the distribution segment by 23.4%, and as of September 30, ratemaking efforts in progress were seeking a total increase in annual operating income of $218.0 million.

3. 03

   The company said capital expenditures for fiscal 2024 were $2.9 billion, and about 83% was invested to improve the safety and reliability of its distribution and transportation systems. It said it completed about $2.0 billion of long-term debt and equity financing during the same period, and its equity capitalization as of September 30 was 61.0%.

4. 04

   The company said cash flow provided by operating activities for fiscal 2024 was $1,733.7 million, compared with $3,459.7 million in the prior year. It said the prior year included $2,021.9 million of cash received from the conclusion of the Texas securitization proceedings. As of September 30, total liquidity was about $4.8 billion.

Key figures

Fiscal year ended September 30, 2024

Revenue

$4.2B

Operating income

$1.4B

Net income

$1.0B

EPS

$6.83

Operating cash flow

$1.7B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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