Q4 2024 Atmos Energy Corp Earnings Call Transcript
Key Points
- Atmos Energy Corp (ATO) reported earnings per share of $6.83, marking the 22nd consecutive year of earnings per share growth.
- The company achieved its 40th consecutive year of dividend growth, reflecting strong financial performance.
- Atmos Energy Corp (ATO) added over 59,000 new residential and commercial customers in fiscal 2024, with significant growth in Texas.
- The company completed significant infrastructure projects, including the modernization of natural gas distribution and transmission systems.
- Atmos Energy Corp (ATO) has a strong balance sheet with approximately $4.8 billion of available liquidity, supporting future operations and growth.
- The company faces increased operational and maintenance costs, driven by higher employee-related expenses and system monitoring activities.
- Atmos Energy Corp (ATO) anticipates a 4% annual increase in operational and maintenance expenses, which could impact future profitability.
- The company is exposed to market conditions that could affect pricing and spreads, as seen with unplanned maintenance impacting fiscal 2024 results.
- There is uncertainty regarding future regulatory changes and their potential impact on the company's operations and financial performance.
- The company plans significant capital investments, which may require substantial financing and could impact debt levels and interest expenses.
Thank you for standing by. My name is Amy and I will be your conference operator for today. At this time. I would like to welcome everyone to the Atmos Energy Corporation fiscal 2024 4th quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad to enter the queue.
If you would like to withdraw your question again, press the star and the number one, it is now my pleasure to turn the call over to Daniel M. Meziere Vice President, Investor Relations and treasurer. You may begin.
Thank you, Amy.
Good morning, everyone. And thank you for joining us with me. Today are Kevin Akers, President and Chief Executive Officer and Chris Forsyth, senior Vice President and Chief Financial Officer. Our earnings release and
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