Financial Data and Key Metrics Changes - For fiscal year to date 2025, the company reported net income of $1 billion or $6.4 per diluted share, with updated earnings per share guidance ranging from $7.35 to $7.45 [3][10] - Consolidated capital spending increased by 22% to $2.6 billion, with 86% dedicated to improving safety and reliability [13][14] - Operating income increased by $322 million due to regulatory outcomes, with residential customer growth contributing an additional $22 million [10][14] Business Line Data and Key Metrics Changes - The pipeline and storage segment saw revenue increase by $12.5 million primarily due to increased throughput [10] - The distribution segment experienced strong residential and industrial customer growth, adding nearly 58,000 new residential customers and 22 new industrial customers with an anticipated annual load of approximately 3.4 Bcf [4][5] Market Data and Key Metrics Changes - Texas added over 198,000 jobs in the last twelve months, reflecting a 1.4% annual growth rate, which supports the demand for natural gas [4] - The company achieved a 97% customer satisfaction rating, indicating strong customer service performance [6] Company Strategy and Development Direction - The company is focused on modernizing natural gas distribution, transmission, and storage systems while expanding customer service [3][6] - Recent Texas legislation allows for increased capital spending deferral treatment, which is expected to enhance financial flexibility and support future growth [8][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the role of natural gas in economic development and anticipates continued customer growth [4][6] - The company expects earnings per share to grow at a rate of 6% to 8% annually, with a full update on the five-year plan to be provided in November [16] Other Important Information - The company has been recognized as the most trusted brand in 2025 among U.S. utility companies, reflecting its strong reputation in the market [7] - The company finished the third fiscal quarter with an equity capitalization of 60% and approximately $5.5 billion in liquidity [15] Q&A Session Summary Question: Clarification on the $0.10 increase from Texas legislation - The $0.10 reflects the impact of legislation from June 20 through the end of fiscal 2025, effectively one quarter [21] Question: Inquiry about the through system commentary - The company anticipates a more normal operating environment for fiscal 2026, adjusting based on market conditions [23][24] Question: Capital outlay for the data center project in Abilene - The company continues to receive inquiries for projects across its service territory, with updates to be provided once contracts are signed [30] Question: Clarification on the percentage of capital spending eligible for deferral - The 80% figure refers to Atmos as a whole, with the majority of the increase associated with APT's investments [32] Question: Impact of stronger operating cash flow on future financing - The company plans to finance future growth using a balanced mix of equity and long-term debt, anticipating increased operating cash flow [41]

Atmos Energy (ATO) Q3 2025 Earnings Call August 07, 2025 10:00 AM ET Speaker0Thank you for standing by. My name is Greg, and I will be your conference operator today. At this time, I would like to welcome everyone to today's Atmos Energy Corporation Fiscal twenty twenty five Third Quarter Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session.Thank you. I would now like to turn the call over to Da ...