10 Best Utility Stocks that Beat Earnings Estimates

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6. Atmos Energy Corporation (NYSE:ATO)

On May 6, 2026, Atmos Energy Corporation (NYSE:ATO) reported results for its fiscal second quarter ended March 31, 2026. The company posted net income of $984.9M. During the quarter, capital expenditures totaled $2.0B, with more than 85% allocated toward safety and reliability-related investments. Atmos Energy also reported a strong financial position, including an equity capitalization ratio of 60.9% and approximately $4.1B in available liquidity.

Atmos Energy Corporation (NYSE:ATO) raised its FY26 earnings per diluted share guidance to a range of $8.40-$8.50 from its prior outlook of $8.15-$8.35. The company also said FY26 capital expenditures are expected to total approximately $4.2B.

The board of directors declared a quarterly dividend of $1.00 per common share. Atmos Energy said the indicated annual dividend for fiscal 2026 is now $4.00 per share, representing a 14.9% increase from fiscal 2025.

Last month, Morgan Stanley lowered its price target on Atmos Energy Corporation (NYSE:ATO) to $195 from $197 while maintaining an Overweight rating. The firm said it updated price targets across the regulated and diversified utilities and independent power producer sectors in North America.

Atmos Energy Corporation (NYSE:ATO) operates regulated natural gas distribution, pipeline, and storage businesses across the United States.

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Click to continue reading and see the 5 Best Utility Stocks that Beat Earnings Estimates.

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