ATO
Premium GrowerAtmos Energy Corporation · Utilities · United States · $29.1B cap · $187.3M/day traded
$175.65 +0.2% · close 11 Nov · scored 12 Nov
Premium Grower: Strong business with the market behind it, priced at a premium.
After its 4 Nov results, analysts raised next year's EPS estimate 8.0%.
As of 12 Nov 2026, the MoatMap Score for Atmos Energy Corporation (ATO) is 55/100, ranked against 25,000+ stocks in 38 markets (Quality 56, Value 29, Momentum 66, each scored against its sector).
Does the score work? Each tenth of the ranking, tracked monthly. See the record →
ABOUT ATMOS ENERGY CORPORATION
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Atmos Energy Corporation is the largest natural gas-only distributor in the United States, operating regulated natural gas distribution and transmission segments. The company benefits from a stable, regulated revenue stream and a vast infrastructure network, serving millions of customers across multiple states. Its focus on pipeline safety and infrastructure modernization provides a strong operational foundation.
FINANCIAL SUMMARY (USD)
| Year | 2022 | 2023 | 2024 | 2025 | CAGR | TTM | 2026E | 2027E | Fwd CAGR |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 4.2B | 4.3B | 4.2B | 4.7B | 3.8% | 4.9B | 5.7B | 6.3B | 15.7% |
| EPS | 5.61 | 6.10 | 6.83 | 7.54 | 10.4% | 8.39 | 8.08 | 8.67 | 7.2% |
| Shares | 140.9M | 148.5M | 155.3M | 161.6M | +14.7% | 169.0M | — | — | — |
| Debt | 8.4B | 7.1B | 8.1B | 9.3B | 3.6% | 10.3B | — | — | — |
| Equity | 9.4B | 10.9B | 12.2B | 13.6B | 12.9% | — | — | — | — |
| Op CF | 977.6M | 3.5B | 1.7B | 2.0B | 28.0% | 2.0B | — | — | — |
| Inv CF | -2.4B | -2.8B | -2.9B | -3.6B | — | — | — | — | — |
| Fin CF | 1.4B | -696.8M | 1.5B | 1.4B | — | — | — | — | — |
No clear trend: not near its 52-week low, and not in a steady uptrend.
Calmer than 96% of stocks we rank over the past year (volatility 16% a year).
How this is worked out
The MoatMap Score weighs the business, its price and its trend. The price check reads only the chart: the price side of the Momentum score, in words.
The rules: Still falling is a new 52-week low in the last two weeks, at least 25% below the high. Finding a floor is no new low since. Turning up is 20 or more trading days without a new low, at least 10% off it, and back above a rising 50-day average. In an uptrend is above the 200-day average and within 15% of the high.
In 2,112 US drawdowns since 2001, buying while the price was still falling was followed by a further 20% drop 42% of the time. Waiting for a turn (the Turning up rule above) cut that to 33%, at about 7% higher prices and with no better returns. Part of that cut is simply not buying: 13% of falls never turned, and waiting kept those out. Among turns that were bought, 38% still fell another 20%, and 33% of turns were followed by a new low within six months. The benefit was largest in crashes such as 2008 and 2020.
What it measures: how much the price moved day to day over the past year, scaled to a yearly figure (annualised volatility) and ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.
What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.
Calm is not safe: a calm stock can still slide steadily.
Rules fixed before any data was fetched. Describes the chart, not a recommendation.
SCORE BREAKDOWN
FUNDAMENTALS
SECTOR PEERS
Closest peers in Utilities, ranked by industry match, size, and score similarity. Cross-listings of ATO are excluded.
| Ticker | Company | Mkt Cap | Score |
|---|---|---|---|
| ATO | Atmos Energy Corporation(you) | $29.1B | 55 |
| NI | NiSource Inc. | $20.8B | 42 |
| BKH | Black Hills Corporation | $6.1B | 59 |
| SWX | Southwest Gas Holdings, Inc. | $6.6B | 50 |
| OGS | ONE Gas, Inc. | $4.9B | 57 |
| SR | Spire Inc. | $5.0B | 50 |
| BIPC | Brookfield Infrastructure Corporation | $4.6B | 49 |
| NJR | New Jersey Resources Corporation | $5.4B | 43 |
| UGI | UGI Corporation | $8.3B | 79 |
| CPK | Chesapeake Utilities Corporation | $3.4B | 47 |
Peer medians: ROE 9.1% · P/E 20.5x · Gross margin 45.3%
Company Deep Dive
A 10,000-word report: the business and its segments, what management promised on earnings calls and whether it delivered, the competition, and how things could turn out.