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Atmos Energy (ATO) - 2025 Q2 - Earnings Call Presentation

Financial Performance - The company increased its fiscal year 2025 indicated annual dividend by 8.1% to $3.48 per diluted share[3] - Year-to-date diluted EPS reached $5.26[6] - The company raised its fiscal year 2025 EPS guidance range from $7.05-$7.25 to $7.20-$7.30[6] - Q2 2025 net income was $486 million, compared to $432 million in Q2 2024[8] - Capital expenditures year-to-date totaled $1.7 billion, with 85% allocated to safety and reliability spending[6] Financing and Liquidity - The company issued $650 million in 30-year senior notes at a 5.00% interest rate[6] - The company settled $380 million of equity forwards[6] - Available liquidity stood at approximately $5.3 billion[6] - Equity capitalization was at 61% as of March 31, 2025[6] Regulatory and Rate Activity - Implemented $153.2 million in approved annualized operating income increases as of May 7, 2025[6] - $389.1 million in annualized operating income increases are currently in progress[6] - Mid-Tex Cities filed a Rate Review Mechanism (RRM) requesting an increase of $165.0 million in annual operating income[62] Outlook - The company anticipates total net income between $1.15 billion and $1.17 billion for fiscal year 2025[43] - Capital spending is projected to be approximately $3.7 billion for fiscal year 2025[43] - The effective tax rate is expected to be between 18% and 20% for fiscal year 2025[45]