Atmos Energy (ATO) Q1 Earnings and Revenues Miss Estimates

Atmos Energy (ATO) posted first-quarter fiscal 2024 earnings of $2.08 per share, which missed the Zacks Consensus Estimate of$2.09 by 0.47%. However, the bottom line improved by 8.9% from the year-ago quarter’s $1.91 per share.The year-over-year increase in earnings was due to rate-case outcomes in both the Distribution and Pipeline and Storage segments and customer growth in the Distribution segment. This was partially offset by increased depreciation expenses and higher interest expenses.RevenuesTotal re ...