ATO

Atmos EnergyD

NYSE / Utilities

At close

2026-06-02

Current thesis

The post-earnings bull read is straightforward: management raised FY2026 EPS guidance to $8.40-$8.50, highlighted strong customer additions, maintained a large regulated capex program, and showed ample liquidity with about $4.1 billion available and 60.9% equity capitalization [#8-K-2026-05-06] [#10-Q-2026-05-06].

Posture

Defensive

Lead driver

Sentiment

What changed

1 setup hits (3d) with net bearish as of 2026-06-03.

What can break

APT earnings sensitivity to through-system spreads and Permian/Waha pricing remains a swing factor if the recent favorable spread environment softens.

Momentum

Value

Sentiment

Setup hits (3d)

1 · Net Bearish

AI TargetsBase $182.00 · Bull $190.00 · Bear $170.00

Data freshness

Prices

As of 2026-06-02

Fundamentals

As of 2026-06-01 • Vendor: Data Vendor v1

Scores

As of 2026-06-02 • Model: HYBRID_IC_RP

AI Memo

As of 2026-05-08 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-06-02

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Bearish

Target $182.67

Why

Momentum36 · Δ7d -7.6

Value43 · Δ7d +0.8

Sentiment51 · Δ7d +9.2

So what

Weak posture (Net Bearish). Prioritize risk control and patience.

Lead driver: Sentiment · See AI snapshot

Momentum

34% active weight

Current posture

7d trendSoftening

Δ7d

-7.6

Δ21d

-8.2

Value

32% active weight

Current posture

7d trendFlat

Δ7d

+0.8

Δ21d

+1.3

Sentiment

33% active weight

Current posture

7d trendImproving

Δ7d

+9.2

Δ21d

+17.0

Why this grade

Composite grade D. Momentum 35.9 / Value 42.5 / Sentiment 51.1

Fundamentals (TTM)

As of 2026-06-01

Market Cap

$27.9B

Beta

0.75

Shares Out

161.69M

P/E (TTM)

22.3

P/S (TTM)

5.74

P/FCF (TTM) · Derived

-13.41

Rev YoY

+12.1%

EPS YoY

+25.1%

Gross Margin

+58.1%

Op Margin

+33.2%

Net Debt

$8.79B

Current Ratio

0.77

As of 2026-06-02 • Updated nightlySource: Internal modelMethodology