Tax and Regulatory Matters - The effective tax rates for the three months ended March 31, 2025, and 2024 were 19.5% and 15.7%, respectively, while for the six months ended March 31, 2025, and 2024, they were 19.0% and 15.3%[77]. - As of March 31, 2025, the regulatory excess net deferred tax liability was $178.6 million, with $115.5 million being returned to customers over 12 - 60 months[78]. - Atmos Energy implemented ratemaking regulatory actions that resulted in an increase in annual operating income of $152.6 million, with ongoing efforts seeking an additional increase of $224.7 million[118]. - The company is seeking $147.5 million in increased annual operating income through various ratemaking efforts as of March 31, 2025[139]. - The company made a GRIP filing on February 26, 2025, requesting an increase in operating income of $77.2 million for capital costs incurred in 2024[149]. - The demand fee for the Louisiana natural gas transmission pipeline is set to increase by 5% annually until September 30, 2027, as approved by the Louisiana Public Service Commission[150]. Financial Performance - For the six months ended March 31, 2025, Atmos Energy recorded net income of $837.4 million, or $5.26 per diluted share, compared to $743.3 million, or $4.93 per diluted share for the same period in 2024, reflecting a 13% year-over-year increase in net income[116]. - The increase in net income was primarily driven by positive rate outcomes from safety and reliability spending, partially offset by higher bad debt expense, depreciation, property tax expenses, and increased operating expenses[117]. - Net income for the six months ended March 31, 2025, was $620,856 thousand, an increase of $56,727 thousand from $564,129 thousand in the same period of 2024[132]. - The company reported a net income of $216.6 million for the six months ended March 31, 2025, an increase of $37.4 million compared to $179.2 million for the same period in 2024[154]. - Operating revenues for the distribution segment increased to $1,882,528 thousand for the three months ended March 31, 2025, compared to $1,589,181 thousand in the same period of 2024, reflecting a change of $293,347 thousand[128]. - Total operating revenue of $514.4 million for the six months ended March 31, 2025, an increase of $79.7 million compared to $434.7 million for the same period in 2024[154]. Capital Expenditures and Investments - The company anticipates capital expenditures of approximately $24 billion between fiscal years 2025 and 2029, with over 80% dedicated to safety and reliability[113]. - Capital expenditures for the six months ended March 31, 2025, were $1,730.9 million, with approximately 85% invested to enhance safety and reliability of distribution and transportation systems[119]. - Cash used for investing activities was $1,717.54 million for the six months ended March 31, 2025, compared to $1,409.26 million in the prior year, reflecting an increase of $308.27 million[166]. Debt and Liquidity - The carrying amount of Atmos Energy's long-term debt as of March 31, 2025, was $8.435 billion, with a fair value of $7.569 billion[101]. - The company completed approximately $1.0 billion of long-term debt and equity financing during the six months ended March 31, 2025[120]. - Total liquidity as of March 31, 2025, was approximately $5.3 billion, including $543.5 million in cash and cash equivalents[120]. - The company has a $1.5 billion commercial paper program and $3.1 billion in total availability from committed revolving credit facilities to support liquidity needs[155]. - Total capitalization as of March 31, 2025, included long-term debt of $8,425.44 million (39.1%) and shareholders' equity of $13,137.97 million (60.9%), totaling $21,563.40 million[161]. - The company maintained compliance with all debt covenants as of March 31, 2025[175]. Commodity and Interest Rate Management - For the 2024-2025 heating season, the company hedged approximately 24.0 Bcf of winter flowing gas requirements, representing about 25-50% of anticipated heating season gas purchases[82]. - As of March 31, 2025, the company had 4,017 MMcf of net long commodity contracts outstanding, which have not been designated as hedges[87]. - The net loss on settled interest rate agreements for the three months ended March 31, 2025, was $(5.1) million, compared to $(3.2) million for the same period in 2024[90]. - As of March 31, 2025, the company had $387.0 million of net realized gains in accumulated other comprehensive income (AOCI) associated with interest rate agreements[93]. - The total financial instruments on the balance sheet as of March 31, 2025, included $123.2 million in assets and $(561,000) in liabilities[89]. - The company manages interest rate risk by entering into financial instruments to fix the Treasury yield component of anticipated financings[83]. Customer and Service Metrics - Atmos Energy serves over 3.3 million customers across eight states, focusing on regulated natural gas distribution and pipeline operations[110]. - The total number of meters in service increased to 3,417,134 as of March 31, 2025, compared to 3,367,671 a year earlier[181]. - Total gas sales volumes for the six months ended March 31, 2025, were 215,077 MMcf, slightly up from 214,253 MMcf in the same period of 2024[181]. Market Risk and Financial Instruments - The company’s financial instruments include $123.209 million in financial instruments classified under Level 2 and Level 3 fair value measurements[98]. - The fair value of financial instruments at March 31, 2025, was $122.65 million, reflecting changes in value from previous periods[179]. - There were no material changes in the concentration of credit risk during the six months ended March 31, 2025[102]. - No material changes in quantitative and qualitative disclosures about market risk during the six months ended March 31, 2025[183]. - Information regarding market risk is disclosed in Item 7A of the Annual Report on Form 10-K for the fiscal year ended September 30, 2024[183].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 May 7, 2025 Date of Report (Date of earliest event reported) ATMOS ENERGY CORPORATION (Exact Name of Registrant as Specified in its Charter) Texas and Virginia 1-10042 75-1743247 --------------------------------- ------------------------ ---------------------- (State or Other Jurisdiction (Commission File (I.R.S. Employer of Incorporation) Num ...

Core Insights - Atos has launched the SecureHorizons NIS2 Compliance Manager Application, powered by ServiceNow, to automate compliance processes for organizations facing the NIS2 Directive [1][4] - The NIS2 Directive aims to enhance cybersecurity across the EU, making compliance mandatory for all companies operating within or trading in the EU [2][3] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [8] - The company specializes in cybersecurity, cloud services, and high-performance computing, providing tailored solutions across 68 countries [8] Product Features - The SecureHorizons application replaces manual processes with automated workflows, offering a unified dashboard for compliance monitoring [4][7] - It integrates people, processes, and technology to streamline compliance efforts and reduce enterprise risk [7] - The application is designed to help organizations proactively address compliance gaps and respond to audit requirements [5][6]

In its upcoming report, Atmos Energy (ATO) is predicted by Wall Street analysts to post quarterly earnings of $2.92 per share, reflecting an increase of 2.5% compared to the same period last year. Revenues are forecasted to be $1.88 billion, representing a year-over-year increase of 14.4%.The consensus EPS estimate for the quarter has been revised 2.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates dur ...

Core Points - Atos will hold its Annual General Meeting on June 13, 2025, to approve the 2024 financial statements and discuss changes in the Board of Directors [1][2][3] Board Composition Changes - The Board of Directors has proposed changes to its composition, which will be submitted for approval at the upcoming General Meeting [2] - Elizabeth Tinkham will not seek renewal of her term, which will expire at the end of the General Meeting [3] - If approved, the Board will consist of eight members (excluding the employee representative) and one censor, with 87.5% independent members (seven out of eight) and 50% women, representing six nationalities [4][22] Director Renewals and Appointments - The Board will propose the renewal of terms for Françoise Mercadal-Delasalles and Jean-Jacques Morin, both expiring at the end of the General Meeting for the fiscal year ending December 31, 2027 [7] - Surojit Chatterjee will be appointed as a new independent director, also expiring at the end of the General Meeting for the fiscal year ending December 31, 2027 [7] - Mandy Metten's appointment as a censor will be ratified for one year, expiring at the end of the General Meeting for the fiscal year ending December 31, 2025 [7] Leadership Statements - Philippe Salle, Chairman and CEO of Atos, expressed satisfaction with the upcoming appointments and renewals, emphasizing their importance for the Board's effectiveness and capabilities [5] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [19] - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, providing tailored solutions across various industries in 68 countries [19] - Atos is committed to decarbonization and aims to support clients in achieving secure and sustainable digital transformations [20]

Core Viewpoint - Atmos Energy (ATO) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The earnings report is scheduled for May 7, 2025, with expectations of quarterly earnings at $2.89 per share, reflecting a +1.4% change year-over-year, and revenues projected at $1.88 billion, up 14.4% from the previous year [3][2]. - The consensus EPS estimate has been revised 0.14% lower in the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that a positive Earnings ESP reading indicates a likely earnings beat, particularly when combined with a Zacks Rank of 1 (Strong Buy), 2 (Buy), or 3 (Hold) [8][10]. - Atmos has a positive Earnings ESP of +1.33% and a Zacks Rank of 2, suggesting a strong likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Atmos exceeded the expected earnings of $2.20 per share by delivering $2.23, resulting in a surprise of +1.36% [12]. - Over the past four quarters, Atmos has consistently beaten consensus EPS estimates [13]. Industry Comparison - New Jersey Resources (NJR), another player in the Zacks Utility - Gas Distribution industry, is expected to report earnings of $1.65 per share, indicating a year-over-year change of +17.9%, with revenues projected at $731.72 million, up 11.2% [17]. - NJR's consensus EPS estimate has been revised 750% lower in the last 30 days, but a higher Most Accurate Estimate has resulted in an Earnings ESP of 1.21%, suggesting a likely earnings beat [18].

Core Viewpoint - Atmos Energy Corporation (ATO) is expected to report its second-quarter fiscal 2025 results on May 7, with an earnings surprise of 1.4% in the previous quarter [1] Group 1: Factors Impacting Q2 Earnings - Strategic investments and modernization of transmission and distribution systems are likely to have positively impacted the company's bottom line [2] - An expanding customer base and implementation of new rates in service regions are expected to contribute positively to earnings [3] - Higher distribution revenues and lower interest expenses are anticipated to further benefit the quarterly performance [3] - However, increased operation and maintenance expenses, along with higher depreciation and amortization, may have negatively affected the bottom line [4] Group 2: Q2 Expectations - The Zacks Consensus Estimate for earnings is $2.89 per share, reflecting a year-over-year increase of 1.4% [5] - The revenue estimate stands at $1.88 billion, indicating a year-over-year improvement of 14.4% [5] Group 3: Earnings Prediction - The company's Earnings ESP is +1.33%, suggesting a strong likelihood of an earnings beat [6] - Atmos Energy currently holds a Zacks Rank 2 (Buy), which supports the prediction of an earnings beat [7]

Core Viewpoint - Atos Group has appointed Marie de Scorbiac as the new Head of Investor Relations and CSR, aiming to enhance financial reporting strategy and stakeholder relations while promoting a secure and decarbonized digital world [2][5]. Group 1: Appointment Details - Marie de Scorbiac's role will involve defining and implementing Atos Group's financial reporting strategy and developing relationships with shareholders, investors, and financial analysts [2]. - She will also oversee Atos's CSR strategy, focusing on creating sustainable value for all stakeholders [2]. Group 2: Professional Background - Prior to joining Atos, Marie de Scorbiac served as vice president of investor relations, public affairs, sustainability, and group financial planning and analysis at Adevinta [3]. - She has extensive experience in investor relations and financial communication, having worked with listed companies such as Areva and Elior Group from 2011 to 2019 [3]. Group 3: Educational Background - Marie de Scorbiac holds a master's degree in economic and social information from the University of Paris Dauphine [4]. - She began her career as a financial analyst at Thomson and Deutsche Bank [4]. Group 4: Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [6]. - The company is recognized as the European leader in cybersecurity, cloud, and high-performance computing, providing tailored end-to-end solutions across 68 countries [6]. - Atos is committed to decarbonization services and products, aiming for a secure and decarbonized digital environment for its clients [6].

Core Points - Atos SE has completed a reverse stock split as decided by its Board of Directors on March 6, 2025, following a delegation of powers by the shareholders' General Meeting on January 31, 2025 [1][2][3] Summary by Sections Reverse Stock Split Details - The reverse stock split is a technical exchange transaction that does not affect the total value of shares held by shareholders [2] - The exchange ratio is 10,000 old shares with a par value of €0.0001 for 1 new share with a par value of €1 [9] - The total number of old shares subject to the reverse stock split was 190,358,728,519, resulting in 19,035,872 new shares [9] Shareholder Actions - Shareholders holding multiples of 10,000 shares do not need to take any action as their shares were automatically consolidated [4] - Shareholders with fractional rights will be compensated by their financial intermediaries within 30 days of April 24, 2025 [5] Adjustments Related to Warrants - The exercise parity of the share subscription warrants issued on December 18, 2024, has been adjusted in accordance with the reverse stock split [6][7] - The new exercise parity corresponds to the product of the previous exercise parity and the ratio of new shares to old shares, resulting in a maximum of 1,107,589 new ordinary shares available upon exercise [7] Adjustments for Free Share Allocations - The rights of beneficiaries of free share allocations have been adjusted to reflect the reverse stock split, with the number of rights allocated being rounded down to the nearest whole number if necessary [10][11] Trading and Timetable - The new shares began trading on Euronext Paris on April 24, 2025, under ISIN code FR001400X2S4 [9][12] - The compensation period for shareholders with fractional rights runs from April 24 to May 25, 2025 [12] Company Overview - Atos is a global leader in digital transformation with approximately 74,000 employees and annual revenue of around €10 billion [13] - The company specializes in cybersecurity, cloud, and high-performance computing, providing tailored solutions across 68 countries [13]

Core Insights - The company reported Q1 2025 revenue of €2,068 million, representing a 15.9% organic decline compared to Q1 2024, primarily due to lower order entry and contract completions in 2024, prior to the financial restructuring completed on December 18, 2024 [2][8][4] - Despite the revenue decline, there is a confirmation of continued commercial recovery, supported by strategic large deal signatures, with order entry reaching €1.7 billion and a book-to-bill ratio of 81%, an increase of 17 points from Q1 2024 [6][19] - The company has limited cash consumption to approximately €-40 million in Q1 2025, a significant reduction from €-415 million in Q1 2024, with no use of account receivable factoring or specific optimization on trade payables [2][4] Financial Performance - Q1 2025 revenue by business segments shows Eviden at €973 million (down 14.0% organically) and Tech Foundations at €1,095 million (down 17.5% organically), contributing to the total revenue decline [5][9] - Regional performance indicates North America experienced a significant decline of 27.6% organically, while Southern Europe and UK/Ireland also faced substantial drops of 16.9% and 28.8% respectively [10][14][17] - The total liquidity position as of March 31, 2025, is estimated at €1,958 million, down from €2,179 million as of December 31, 2024, with cash and cash equivalents at €1,518 million [3][25] Strategic Outlook - The company plans to present an updated strategy and organizational structure during the Capital Markets Day on May 14, 2025, marking a new chapter focused on customer service through innovation and high-quality services [4][26] - The backlog at the end of March 2025 reached €12.6 billion, representing 1.3 years of revenue, with a qualified pipeline of €4.5 billion, indicating potential future growth [20][18] - The total headcount decreased by 5.2% to 74,074, reflecting ongoing restructuring efforts [21]