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Atmos Energy Reports Strong Fiscal 2024 Earnings
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Atmos Energy Reports Strong Fiscal 2024 Earnings

Atmos Energy ( (ATO) ) has released its Q4 earnings. Here is a breakdown of the information Atmos Energy presented to its investors.

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Atmos Energy Corporation, headquartered in Dallas, is the largest natural gas-only distributor in the United States, providing services to over 3.3 million customers across eight states. The company is dedicated to safety and innovation in its operations.

Atmos Energy recently reported its earnings for fiscal 2024, highlighting a net income of $1 billion and earnings per diluted share of $6.83. The company emphasized its commitment to safety and reliability, with capital expenditures reaching $2.9 billion, mainly focused on these areas.

Key financial metrics from the report include a strong equity capitalization of 61% and available liquidity of $4.8 billion. Additionally, Atmos Energy has successfully implemented $376.3 million in annualized regulatory outcomes. Looking forward, the company has projected fiscal 2025 earnings per diluted share to range between $7.05 and $7.25, with anticipated capital expenditures of approximately $3.7 billion. The board has also declared a quarterly dividend increase to $0.87 per common share, reflecting an 8.1% rise for fiscal 2025.

Concluding the fiscal year, Atmos Energy continues to modernize its natural gas distribution, transmission, and storage systems, striving to be the safest provider in the industry. The company remains focused on its strategic vision and is prepared to navigate the challenges and opportunities of the coming fiscal year.

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