Atmos Energy

Aristotle Value Equity Fund sold its position in Atmos Energy after holding it since early 2022, saying the balance-sheet strength and regulatory/regulatory support that initially attracted them have largely played out. The fund noted Atmos benefited from system replacement programs, population growth and supportive rate mechanisms, but expects future growth to require significantly more equity capital. Aristotle redeployed the proceeds into Autodesk and flagged its limited exposure to the AI infrastructure rally as a factor in recent underperformance. » Plus sur finance.yahoo.com

Atmos Energy reported adjusted EPS of $1.43 for Q3 (expectation $1.37); revenue of $879.1 million, however, was below the $911.3 million estimate. The company reaffirmed its full-year guidance of $8.40–$8.50 per share, raised planned 2026 investments to around $4.2 billion, and reported net income of $1.2 billion for the first nine months. Management pointed to narrowed APT pipeline spreads, continued customer growth and slightly higher O&M costs; the stock barely reacted. » Plus sur de.investing.com

Atmos Energy announced a public offering of $700 million principal amount of senior notes with a 4.750% coupon due 2032; expected net proceeds are approximately $693.9 million. The offering was arranged under an S-3 registered prospectus with J.P. Morgan, Mizuho and Wells Fargo as joint bookrunners and is expected to close later this week subject to customary conditions. The company also reported strong Q2 results (EPS $5.92 vs. $3.38 estimate; revenue $2.06 billion) and saw Mizuho lower its price target while maintaining a neutral rating. » Plus sur de.investing.com