Core Insights - Paradiem, LLC has established a new position in Atmos Energy, acquiring 86,407 shares valued at approximately $14.75 million, representing 3.44% of its reportable U.S. equity assets under management as of September 30, 2025 [1][2][3] Company Overview - Atmos Energy is a leading regulated natural gas utility in the U.S., serving about three million customers across eight states, with a focus on essential utility services and a stable customer base [5][9] - The company has a market capitalization of $28.32 billion and reported revenue of $4.62 billion and net income of $1.16 billion for the trailing twelve months [4] Financial Performance - As of October 17, 2025, Atmos Energy's share price was $176.41, reflecting a 22.7% increase over the past year, outperforming the S&P 500 by 11.27 percentage points [3][4] Business Model - Atmos Energy operates a resilient business model, generating revenue primarily through regulated distribution of natural gas and ancillary pipeline services, which provides predictable returns [6][9] - The company focuses on expanding and modernizing its infrastructure, enhancing safety measures, and returning cash to shareholders through a consistently rising dividend [10][11] Market Position - Atmos Energy's extensive underground infrastructure includes approximately 71,921 miles of distribution and transmission mains, creating a competitive moat that is costly to replicate [6][9]

Core Viewpoint - The market is misjudging Ranger Energy Services by categorizing it with drilling-dependent peers despite its unique position in the oil sector [1] Company Analysis - Ranger Energy Services (NYSE: RNGR) is not solely reliant on drilling activities, distinguishing it from other companies in the sector [1] Market Context - There is a notable decline in U.S. rig counts and a sluggish macro environment for oil, which is affecting perceptions of companies in the industry [1]