Atmos Energy Corporation (NYSE:ATO) Q3 2024 Earnings Conference Call August 8, 2024 10:00 AM ET
Company Participants
Daniel Meziere - VP. IR & Treasurer
Christopher Forsythe - CFO & SVP
Kevin Akers - President, CEO & Director
Conference Call Participants
Nicholas Campanella - Barclays Bank
Richard Sunderland - JPMorgan Chase & Co.
Ryan Levine - Citigroup
Operator
Thank you for standing by. My name is Krista, and I'll be your conference operator today. At this time, I'd like to welcome everyone to the Atmos Energy Corporation Fiscal 2024 Third Quarter Earnings Conference Call. [Operator Instructions].
I would now like to turn the conference over to Dan Meziere, Vice President of Investor Relations and Treasurer. Dan, you may begin.
Daniel Meziere
All right. Thank you, Krista. Good morning, everyone, and thank you for joining our fiscal 2024 third 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 32, and are more fully described in our SEC filings.
With that, I will turn the call over to Chris Forsythe, our Senior Vice President and CFO. Chris?
Christopher Forsythe
Thank you, Dan, and good morning, everyone. We appreciate your joining us and your interest in Atmos Energy. Yesterday, we announced fiscal year to date diluted earnings per share of $6 compared to $5.33 per diluted share in the prior year period. Our third quarter and fiscal year to date results continued to be driven by two things: regulatory outcomes reflecting increased safety and reliability spending and customer growth. Additionally, strong through system revenues of APT, particularly during the third fiscal quarter, contribute to our performance.
Regulatory outcomes in both of our segments increased operating income by $238 million and residential customer growth and rising industrial load and our distribution segment increased operating income by an additional $18 million. Our pipeline and storage segment increased $19 million period over period. $11 million of this amount [Technical Difficulty] mechanism was realized during our third fiscal quarter.