Atmos Energy Corporation (ATO) Q2 2023 Earnings Call Transcript

Atmos Energy Corporation (NYSE:ATO) Q2 2023 Results Conference Call May 4, 2023 10:00 AM ET

Company Participants

Daniel Meziere - VP of IR & Treasurer

John Akers - CEO, President & Director

Chris Forsythe - Senior VP & CFO

Conference Call Participants

Julian Dumoulin-Smith - Bank of America

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Atmos Energy Corporation Fiscal 2023 Second Quarter Earnings Conference Call.

I would now like to turn the call over to Dan Meziere Vice President of Investor Relations and Treasurer. Please go ahead.

Daniel Meziere

Thank you, Mandy. Good morning, everyone, and thank you for joining our fiscal 2023 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 32 and more fully described in our SEC filings. With that, I will turn the call over to Kevin Akers, our President and CEO. Kevin?

John Akers

Thank you, Dan, and good morning, everyone. We appreciate you joining us today and your interest in Atmos Energy. Yesterday, we reported year-to-date fiscal 2023 net income of $630 million or $4.40 per diluted share. As you will hear from Chris, results were in line with our expectations and positions us for another successful fiscal year.

This performance continues to reflect the commitment, dedication, focus and effort of all 4,800 Atmos Energy employees to successfully modernize our natural gas distribution, transmission and storage systems while safely providing reliable natural gas service to our 3.4 million customers and 1,400 communities across our 8 states.

We also narrowed our fiscal 2023 earnings per share guidance to a range of $6 to $6.10. We continue to experience strong customer growth, driven by robust employment trends in Texas. For the 12 months ended March 31, we added 65,000 new customers across the company with nearly 49,000 of those new customers located in Texas.