Atmos Historical Income Statement

ATO Stock  USD 150.05  0.21  0.14%   
Historical analysis of Atmos Energy income statement accounts such as Total Revenue of 2.4 B, Gross Profit of 3.5 B or Operating Income of 1.4 B can show how well Atmos Energy performed in making a profits. Evaluating Atmos Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Atmos Energy's future profits or losses.
 
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Housing Crash
 
Credit Downgrade
 
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Covid
Financial Statement Analysis is much more than just reviewing and examining Atmos Energy latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Atmos Energy is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.

About Atmos Income Statement Analysis

Atmos Energy Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Atmos Energy shareholders. The income statement also shows Atmos investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Atmos Energy Income Statement Chart

At this time, Atmos Energy's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Depreciation And Amortization is likely to grow to about 703.5 M, while Total Revenue is likely to drop about 2.4 B.

Total Revenue

Total revenue comprises all receipts Atmos Energy generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Atmos Energy minus its cost of goods sold. It is profit before Atmos Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Operating Income

Operating Income is the amount of profit realized from Atmos Energy operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Atmos Energy is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.
Most accounts from Atmos Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Atmos Energy current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.At this time, Atmos Energy's Income Tax Expense is very stable compared to the past year. As of the 24th of November 2024, Depreciation And Amortization is likely to grow to about 703.5 M, while Total Revenue is likely to drop about 2.4 B.
 2021 2022 2023 2024 (projected)
Gross Profit2.5B2.1B3.3B3.5B
Total Revenue4.2B4.3B4.2B2.4B

Atmos Energy income statement Correlations

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0.690.780.951.01.00.990.380.990.790.540.891.0-0.840.80.770.830.860.12-0.5-0.34-0.75-0.570.89
0.630.830.960.980.980.990.250.990.860.610.880.98-0.840.750.790.870.850.19-0.48-0.47-0.74-0.50.9
0.60.080.30.40.390.380.250.34-0.02-0.220.460.42-0.210.560.10.040.13-0.27-0.590.54-0.17-0.310.09
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0.320.980.820.760.760.790.86-0.020.850.850.680.8-0.710.390.820.920.720.29-0.43-0.63-0.63-0.130.84
0.140.820.460.480.490.540.61-0.220.610.850.280.53-0.380.110.640.720.580.3-0.28-0.63-0.48-0.040.66
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0.880.370.780.820.810.80.750.560.780.390.110.860.81-0.60.330.360.58-0.08-0.62-0.18-0.51-0.660.49
0.330.850.730.750.760.770.790.10.770.820.640.620.77-0.60.330.930.70.21-0.29-0.31-0.42-0.270.88
0.350.940.810.80.810.830.870.040.840.920.720.670.82-0.750.360.930.760.33-0.33-0.45-0.66-0.260.93
0.480.670.790.850.870.860.850.130.830.720.580.660.83-0.750.580.70.76-0.03-0.15-0.31-0.72-0.630.89
0.010.330.110.080.070.120.19-0.270.220.290.30.120.11-0.29-0.080.210.33-0.03-0.22-0.29-0.170.260.24
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Click cells to compare fundamentals

Atmos Energy Account Relationship Matchups

Atmos Energy income statement Accounts

201920202021202220232024 (projected)
Interest Expense84.5M83.6M102.8M137.3M190.6M200.2M
Total Revenue2.8B3.4B4.2B4.3B4.2B2.4B
Gross Profit2.2B2.4B2.5B2.1B3.3B3.5B
Operating Income824.1M905.0M921.0M1.1B1.4B1.4B
Ebit831.3M902.9M954.7M1.1B1.4B1.5B
Ebitda1.3B1.4B1.5B1.7B2.1B2.2B
Net Income601.4M665.6M774.4M885.3M1.0B1.1B
Income Tax Expense145.4M153.7M77.5M113.8M192.9M202.5M
Depreciation And Amortization429.8M478.0M535.7M604.3M670.0M703.5M
Other Operating Expenses2.0B2.5B3.3B3.2B2.8B2.2B
Cost Of Revenue658.9M1.0B1.7B2.2B819.1M778.2M
Total Operating Expenses1.3B1.5B1.6B991.1M2.0B2.1B
Income Before Tax746.8M819.3M851.9M999.6M1.2B1.3B
Total Other Income Expense Net(77.3M)(85.7M)(69.1M)(67.5M)(119.6M)(113.6M)
Net Income Applicable To Common Shares601.4M665.6M774.4M885.3M1.0B1.1B
Selling General Administrative630.3M908.4M991.8M1.1B1.2B840.7M
Net Income From Continuing Ops601.4M665.6M774.4M885.9M1.0B531.7M
Non Operating Income Net Other7.4M7.2M(2.1M)33.7M38.8M40.7M
Tax Provision145.4M153.7M77.5M113.8M192.9M115.3M
Interest Income84.5M83.6M102.8M7.2M22.9M21.7M
Net Interest Income(84.5M)(83.6M)(102.8M)(137.3M)(167.7M)(176.1M)
Reconciled Depreciation429.8M478.0M535.7M604.3M670.0M521.1M

Pair Trading with Atmos Energy

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Atmos Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Atmos Energy will appreciate offsetting losses from the drop in the long position's value.

Moving together with Atmos Stock

  0.93NI NiSourcePairCorr
  0.79BKH Black HillsPairCorr
  0.8CPK Chesapeake UtilitiesPairCorr

Moving against Atmos Stock

  0.71NFE New Fortress EnergyPairCorr
  0.6ES Eversource EnergyPairCorr
The ability to find closely correlated positions to Atmos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atmos Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Atmos Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Atmos Energy to buy it.
The correlation of Atmos Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Atmos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atmos Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Atmos Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Atmos Energy offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Atmos Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Atmos Energy Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Atmos Energy Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Atmos Energy. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
To learn how to invest in Atmos Stock, please use our How to Invest in Atmos Energy guide.
You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Is Gas Utilities space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Atmos Energy. If investors know Atmos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Atmos Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.148
Earnings Share
6.83
Revenue Per Share
27.161
Quarterly Revenue Growth
0.059
Return On Assets
0.0358
The market value of Atmos Energy is measured differently than its book value, which is the value of Atmos that is recorded on the company's balance sheet. Investors also form their own opinion of Atmos Energy's value that differs from its market value or its book value, called intrinsic value, which is Atmos Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Atmos Energy's market value can be influenced by many factors that don't directly affect Atmos Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Atmos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Atmos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Atmos Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.