Citi Keeps Neutral Rating on Atmos Energy (ATO) While Raising PT

Atmos Energy Corporation (NYSE:ATO) is included among the 10 Best Inflation-Hedge Stocks to Buy for 2026.

On May 8, Citi raised its price recommendation on Atmos Energy Corporation (NYSE:ATO) to $191 from $182. It maintained a Neutral rating on the stock.

During the Q1 2026 earnings call, CEO John Akers said the company generated fiscal year-to-date net income of $985 million, or $5.92 per diluted share. He also said Atmos grew its earnings-per-share guidance range to between $8.40 and $8.50. Akers spent part of the call discussing the company’s infrastructure investment plans, saying capital expenditures totaled $2 billion during the first half of the fiscal year, with more than 89% of that amount going toward improving the safety and reliability of its distribution, transmission, and underground storage systems.

On customer growth, Akers asserted the company added more than 51,000 new customers over the 12 months ended March 31, 2026. Texas accounted for more than 39,000 of those additions. He also pointed to ongoing growth in the Dallas-Fort Worth region. During the second quarter, the company completed Phase 2 of its Line WA project, which included installing roughly 44 miles of 36-inch pipeline west of Fort Worth. Akers said the expansion was aimed at meeting rising demand across the DFW Metroplex.

Atmos Energy Corporation (NYSE:ATO) is a natural gas-only distributor serving more than 3.3 million customers across over 1,400 communities in eight states, mainly in the southern U.S. The company also operates pipeline and storage assets, including intrastate natural gas pipeline systems in Texas.

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