• November 21, 2019

Atmos: Fiscal 4Q Earnings Snapshot - Odessa American: State

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Atmos: Fiscal 4Q Earnings Snapshot

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Posted: Wednesday, November 6, 2019 3:45 pm | Updated: 4:17 pm, Wed Nov 6, 2019.

DALLAS (AP) — Atmos Energy Corp. (ATO) on Wednesday reported fiscal fourth-quarter profit of $58.4 million.

On a per-share basis, the Dallas-based company said it had net income of 49 cents.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.

The natural gas utility posted revenue of $443.7 million in the period.

For the year, the company reported profit of $511.4 million, or $4.35 per share. Revenue was reported as $2.9 billion.

Atmos expects full-year earnings to be $4.58 to $4.73 per share.

Atmos shares have risen 17% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $108.77, an increase of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATO at https://www.zacks.com/ap/ATO

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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