Atmos Energy Corporation

Atmos Energy Corporation

ATOยทNYSE

$167.97

-0.20%
UtilitiesRegulated Gas

Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment is involved in the regulated natural gas distribution and related sales operations in eight states. This segment distributes natural gas to approximately three million residential, commercial, public authority, and industrial customers. As of September 30, 2021, it owned 71,921 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in the pipeline and storage operations. This segment transports natural gas for third parties and manages five underground storage reservoirs in Texas; and provides ancillary services to the pipeline industry, including parking arrangements, lending, and inventory sales. As of September 30, 2021, it owned 5,699 miles of gas transmission lines. Atmos Energy Corporation was founded in 1906 and is headquartered in Dallas, Texas.

At a Glance

Live Snapshot
Market Cap$28.04B
EPS7.5400
P/E Ratio22.28
Earnings Date08/05/2026
Atmos Energy Corporation

Atmos Energy Corporation Fair Value Envelope

ATO ยท NYSE

Our analysis suggests that ATO has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $167.97, this represents a potential HIDDEN relative to our calculated worth for Atmos Energy Corporation.

Intrinsic Value
Current Price: $167.97

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$3.4B
+ Cash & Equivalents$203.8M
Firm Value$3.6B
- Debt$9.3B
Equity Value-$5.7B
/ Shares Outstanding161,632,382B
DCF Value-$35
OVERVALUED BY 121%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$1.5B
$1.1B
$842.6M
$626.6M
$465.9M
$346.4M
$257.6M
$191.5M
$142.4M
$105.9M
Maintenance CapEx
-$529.6M
-$393.8M
-$292.8M
-$217.8M
-$161.9M
-$120.4M
-$89.5M
-$66.6M
-$49.5M
-$36.8M
Owner Earnings
$994.3M
$739.3M
$549.8M
$408.8M
$304.0M
$226.0M
$168.1M
$125.0M
$92.9M
$69.1M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$920.7M
$633.9M
$436.4M
$300.5M
$206.9M
$142.4M
$98.1M
$67.5M
$46.5M
$32.0M
Terminal Value represents 15.9% of Enterprise Value