News Summary
Atmos Energy has announced significant growth in its customer base, adding over 58,000 residential clients due to job growth and demand for natural gas. New legislation in Texas is set to bolster the company’s earnings, while a major capital investment focuses on safety and reliability. The company recognizes safe digging practices and plans to award Linetec for their efforts. Upcoming rate changes will affect customer bills, but Atmos remains committed to rewarding shareholders with steady dividends.
Texas – Atmos Energy has recently reported significant growth through the addition of 58,000 residential customers and 22 industrial clients across Texas, a trend that reflects the ongoing job growth and rising demand for natural gas in the region. As the state proceeds with new regulatory modifications, Atmos Energy is poised to make further financial advancements while maintaining a commitment to safety and customer service.
The introduction of new Texas legislation, HB4384, will increase the regulatory asset deferral rate to 80%. This legislative change is expected to boost Atmos Energy’s earnings per share (EPS) by an estimated $0.10 in the fourth quarter of fiscal year 2025 (Q4 FY25). With this enhancement, Atmos Energy has updated its EPS guidance for FY25, predicting it will fall within the range of $7.35 to $7.45. The company’s net income for FY25 has reached an impressive $1 billion, translating to $6.40 per share, indicating solid financial health bolstered by regulatory advantages and operational efficiencies.
Atmos Energy’s capital expenditures saw a notable increase of 22%, amounting to $2.6 billion. A significant portion of this spending, approximately 86%, has been earmarked for safety and reliability enhancements, alongside investments to support customer growth initiatives. This increase in investment is a testament to Atmos Energy’s ongoing commitment to ensuring the safety and dependability of its natural gas distribution systems.
In its efforts to promote safe excavation practices, Atmos Energy has awarded the 2025 Gold Cup of Safe Digging to Linetec of Abilene. This award recognizes Linetec’s outstanding record in maintaining safety standards while performing excavation work. It is important to note that third-party excavation damage accounts for more than 91% of all damage to Atmos Energy pipelines in Texas over the past year, emphasizing the critical need for heightened awareness about underground safety.
The award ceremony for Linetec is set to take place on August 11, aligning with National 811 Day, a campaign aimed at promoting safe digging practices and encouraging excavators to call 811 at least two business days before starting any digging project. This legal requirement enables utilities to mark underground lines, thereby preventing costly and dangerous accidents.
Moreover, Atmos Energy has declared a quarterly dividend of 87 cents per share, with an anticipated annual dividend of $3.48. This dividend is scheduled for payment on September 8, 2025, and reflects the company’s consistent performance, having declared dividends for 167 consecutive quarters.
In the backdrop of these developments, the Lubbock City Council has approved a settlement that will impact natural gas billing practices in the area. This agreement will lower the customer charge while raising usage rates. For a typical customer utilizing 50 units of natural gas, average monthly costs are projected to rise from $44 to approximately $45.60, effective just as Atmos Energy plans to implement forthcoming rate increases next month.
The combination of customer growth, increased safety measures, and strategic investments positions Atmos Energy favorably within Texas’s natural gas market, providing a roadmap for sustainable future operations while addressing both regulatory compliance and customer needs.
Deeper Dive: News & Info About This Topic
- MSN: Atmos Energy Growth Announcement
- Wikipedia: Atmos Energy
- ReporterNews: Atmos Energy Award
- Google Search: Atmos Energy
- Business Wire: Dividend Declaration
- Encyclopedia Britannica: Natural Gas
- KCBD: Rate Changes Announcement
- Google News: Atmos Energy
Author: STAFF HERE COLLEGE WRITER
The COLLEGE STATION STAFF WRITER represents the experienced team at HERECollegeStation.com, your go-to source for actionable local news and information in College Station, Brazos County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the Brazos Valley Fair & Rodeo, Chilifest, and Aggie Muster. Our coverage extends to key organizations like the Bryan-College Station Chamber of Commerce and United Way of the Brazos Valley, plus leading businesses in education, biotechnology, and retail that power the local economy such as Texas A&M University, Fujifilm Diosynth Biotechnologies, and H-E-B. As part of the broader HERE network, including HEREAustinTX.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
