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!
Hey, folks! If you’re living in the great state of Texas, we have some exciting news to share about Atmos Energy. This company has been at the forefront of delivering natural gas and has just announced some remarkable growth and safety achievements that could be significant for our communities. So let’s break it down, shall we?
Growing Customer Base
First up is the news about Atmos Energy‘s expanding customer base. They’ve added a whopping 58,000 residential customers and 22 industrial clients in Texas. This surge is primarily attributed to the ongoing job growth across the state and a rising demand for natural gas. It’s always great to see the economy booming and bringing more people into the fold!
Legislative Changes Ahead
Now, turning our attention to new legislation that’s about to shake things up a bit. Texas’s HB4384 legislation has recently increased the regulatory asset deferral to an impressive 80%. This move is expected to enhance Atmos Energy’s earnings per share (EPS) by about $0.10 in Q4 of fiscal year 2025. It looks like these changes could bring even more benefits down the line for the company’s overall growth!
Investing in the Future
In the spirit of growth, Atmos Energy has ramped up its capital spending by 22%, with a total of $2.6 billion. Here’s the kicker: a massive 86% of that investment is focused on safety and reliability improvements, along with supporting customer growth. It’s heartening to see a company prioritize its customers and the safety of its operations. What can be better than knowing that your natural gas provider is investing in making sure everything runs smoothly?
Impressive Financials
When we dive into their financials, we see that Atmos Energy reported a net income of $1 billion for fiscal year 2025, translating to an impressive $6.40 per share. The company has also updated its EPS guidance to be between $7.35 and $7.45, thanks to the regulatory gains and overall operational strength. It paints a rosy picture for the future!
Celebrating Safe Digging
On a more cheerful note, Atmos Energy is committed to safety, as seen in their decision to award the 2025 Gold Cup of Safe Digging to Linetec of Abilene. This award highlights their exceptional safe digging practices. It’s essential to keep our pipelines safe, especially since over 91% of all damage to Atmos Energy pipelines in Texas last year came from third-party excavation. So, it’s super important that everyone digs responsibly!
Mark Your Calendars
And speaking of safe digging, mark your calendars for August 11! On this day, the awards ceremony for Linetec will take place, coinciding with National 811 Day. Remember, Texas law requires all excavators to call 811 at least two business days before they dig. It’s a small step that can save a whole lot of trouble!
Upcoming Rate Changes
As for your wallets, make note that the Lubbock city council has recently approved a settlement that will affect natural gas bills. While it does lower the customer charge, the usage rates will see an increase. For a typical customer using around 50 units of natural gas, this means your average monthly costs may rise from about $44 to $45.60. Keep that in mind as you budget for the upcoming month!
Dividends on the Way
Lastly, Atmos Energy is also keeping its shareholders happy by declaring a quarterly dividend of 87.0 cents per share. If you’re into dividends, you’ll be pleased to hear they have declared an annual dividend of $3.48, with payment scheduled for September 8, 2025. Remarkably, this is their 167th consecutive quarterly dividend declaration!
There you have it – lots of updates from Atmos Energy that could affect many Texans in various ways. It’s clear that this company is not only focused on growth but also on ensuring the safety and reliability of their services. Until next time, take care and stay informed!
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 HOUSTON TX WRITER
HOUSTON STAFF WRITER The HOUSTON STAFF WRITER represents the experienced team at HEREHouston.com, your go-to source for actionable local news and information in Houston, Harris 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 Houston Livestock Show and Rodeo, Art Car Parade, and Chevron Houston Marathon. Our coverage extends to key organizations like the Greater Houston Partnership and Houston Area Urban League, plus leading businesses in energy and healthcare that power the local economy such as ExxonMobil, Schlumberger, and Houston Methodist. As part of the broader HERE network, including HEREAustinTX.com, HERECollegeStation.com, HEREDallas.com, and HERESanAntonio.com, we provide comprehensive, credible insights into Texas's dynamic landscape.
