News Summary
Atmos Energy has announced significant growth in its customer base, adding over 58,000 residential clients due to job growth and demand for natural gas. New legislation in Texas is set to bolster the company’s earnings, while a major capital investment focuses on safety and reliability. The company recognizes safe digging practices and plans to award Linetec for their efforts. Upcoming rate changes will affect customer bills, but Atmos remains committed to rewarding shareholders with steady dividends.
Exciting News for Texas from Atmos Energy!
Atmos Energy has announced significant growth and safety advancements that could positively impact communities across Texas. The company has reported the addition of 58,000 residential customers and 22 industrial clients, primarily due to ongoing job growth and a rising demand for natural gas.
Growing Customer Base
The increase in Atmos Energy’s customer base reflects Texas’s robust economy. With more individuals and businesses requiring natural gas, the company’s reach is expanding, indicating a brighter outlook for both job seekers and existing residents. This growth is a testament to the state’s economic resilience.
Legislative Changes Ahead
Recent legislative changes in Texas, specifically HB4384, have increased regulatory asset deferral to 80%. This enhancement is anticipated to boost Atmos Energy’s earnings per share (EPS) by approximately $0.10 in the fourth quarter of fiscal year 2025, promising further financial growth in the future.
Investing in the Future
Atmos Energy is dedicated to investing in safety and growth, evidenced by a 22% increase in capital spending, totaling $2.6 billion. Significantly, 86% of this funding is directed towards safety and reliability improvements as well as supporting customer growth. This commitment reflects the company’s focus on operational excellence and customer trust.
Impressive Financials
In terms of financial performance, Atmos Energy reported a net income of $1 billion for fiscal year 2025, equating to $6.40 per share. Additionally, they have updated their EPS guidance to range between $7.35 and $7.45 as a result of regulatory changes and strong operational performance, indicating a healthy financial trajectory.
Celebrating Safe Digging
On the safety front, Atmos Energy demonstrated its commitment to responsible practices by awarding the 2025 Gold Cup of Safe Digging to Linetec of Abilene for their outstanding safe digging practices. This recognition is particularly important as over 91% of damage to Atmos Energy pipelines in Texas last year was caused by third-party excavation. This data underscores the importance of following safe digging protocols to protect vital infrastructure.
Mark Your Calendars
For those interested in promoting safety, mark August 11 on your calendars, as this date coincides with the awards ceremony for Linetec and National 811 Day. Texas law mandates that excavators must call 811 at least two business days before starting any digging activities, a crucial step in preventing accidents and protecting underground utilities.
Upcoming Rate Changes
In financial news affecting consumers, the Lubbock city council has approved a new settlement that will revise natural gas billing. While customer charges will decrease, the usage rates are expected to increase. Customers using around 50 units of natural gas may see their average monthly bills rise from approximately $44 to $45.60, necessitating adjustments in budgeting for many residents.
Dividends on the Way
For shareholders, Atmos Energy has declared a quarterly dividend of 87.0 cents per share, with an annual dividend of $3.48 slated for payment on September 8, 2025. This marks the company’s 167th consecutive quarterly dividend declaration, reflecting its financial stability and commitment to returning value to its investors.
Overall, Atmos Energy’s recent announcements spotlight their growth opportunities and focus on safety. The developments are poised to benefit many Texans and highlight the company’s proactive approach in an evolving energy sector.
Deeper Dive: News & Info About This Topic
- MSN: Atmos Energy Growth Announcement
- Wikipedia: Atmos Energy
- ReporterNews: Atmos Energy Award
- Google Search: Atmos Energy
- Business Wire: Dividend Declaration
- Encyclopedia Britannica: Natural Gas
- KCBD: Rate Changes Announcement
- Google News: Atmos Energy
Author: STAFF HERE AUSTIN WRITER
The AUSTIN STAFF WRITER represents the experienced team at HEREAustinTX.com, your go-to source for actionable local news and information in Austin, Travis County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as SXSW, Austin City Limits Music Festival, Formula 1 United States Grand Prix, and the Austin Film Festival. Our coverage extends to key organizations like the Greater Austin Chamber of Commerce and Visit Austin, plus leading businesses in technology, automotive, and retail that power the local economy such as Dell Technologies, Tesla, and Apple. As part of the broader HERE network, including HERECollegeStation.com, HEREDallas.com, HEREHouston.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
