Atmos Energy First Quarter 2024 Earnings: Revenues Disappoint
Atmos Energy (NYSE:ATO) First Quarter 2024 Results
Key Financial Results
Revenue: US$1.16b (down 22% from 1Q 2023).
Net income: US$311.3m (up 15% from 1Q 2023).
Profit margin: 27% (up from 18% in 1Q 2023). The increase in margin was driven by lower expenses.
EPS: US$2.08 (up from US$1.92 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Atmos Energy Revenues Disappoint
Revenue missed analyst estimates by 32%. Earnings per share (EPS) was mostly in line with analyst estimates.
Looking ahead, revenue is forecast to grow 8.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Gas Utilities industry in the US.
Performance of the American Gas Utilities industry.
The company's shares are down 1.8% from a week ago.
Risk Analysis
You still need to take note of risks, for example - Atmos Energy has 2 warning signs we think you should be aware of.
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