Atmos Energy
Q2 2022 Earnings Call
May 05, 2022, 10:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Greetings, and welcome to the Atmos Energy second quarter earnings conference call. At this time, all participants are in a listen only mode. A question-and-answer session will follow the presentation. [Operator instructions] Please note that this conference is being recorded.
I will now turn the conference over to our host, Dan Meziere, vice president of Investor Relations and treasurer. Thank you. You may begin.
Dan Meziere -- Vice President of Investor Relations and Treasurer
Thank you, Diego. Good morning, everyone, and thank you for joining our fiscal 2022 second quarter earnings call. With me today are Kevin Akers, president and chief executive officer; and Chris Forsythe, senior vice president and chief financial officer. Our earnings release and conference call slide presentation, which we will reference in our prepared remarks, are available at atmosenergy.com under the Investor Relations tab.
As we review these financial results and discuss future expectations, please keep in mind that some of our discussion might contain forward-looking statements within the meaning of the Securities Act and the Securities Exchange Act. Our forward-looking statements and projections could differ materially from actual results. The factors that could cause such material differences are outlined on Slide 33 and are more fully described in our SEC filings. With that, I will turn the call over to Chris Forsythe, our senior VP and CFO.
Chris?
Chris Forsythe -- Senior Vice President and Chief Financial Officer
Thank you, Dan, and good morning, everyone. We appreciate you joining us and your interest in Atmos Energy. Last night, we reported fiscal '22 second quarter net income of $325 million, or $2.37 per diluted share compared to $297 million, or $2.30 per diluted share in the prior year quarter. Year-to-date, earnings were $574 million or $4.24 per diluted share, compared with earnings of $540 million, or $4.01 per diluted share in the prior year period.
Consolidated operating income decreased to $661 million for the six months ended March 31st. As a reminder, beginning in the second quarter of fiscal '21 including end of last fiscal year, we've reached agreement with regulators in various states to begin refunding excess deferred tax liabilities, generally over a 3 to 5 year period. These refunds reduced revenues throughout the fiscal year when those revenues are billed. The corresponding reduction in our -- interim annual effective income tax rate was recognized in the prior year when those agreements were completed.