ATO
ATMOS ENERGY CORPEvidence as of 2026-09-02Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.8 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
What the evidence shows
The evidence balance is constructive (+0.8 of a possible +2; was +0.8 before debate) with high confidence. Reported revenues for the fiscal quarter 2026 (2026-04-01 to 2026-06-30) were $ 879,059,000, up from $ 838,774,000 in the comparable fiscal quarter 2025. Operating income rose to $ 320,414,000 from $ 252,067,000 and net income increased to $ 242,689,000 from $ 186,429,000; diluted EPS moved to $ 1.43 from $ 1.16 for the same quarter comparison. Shares outstanding have trended upward to 168,988,553 as of 2026-07-31, cash and cash equivalents show quarter-to-quarter variability with $ 520,953,000 as of 2026-06-30, and trailing-twelve-month free cash flow is negative at $ -2,719,272,000 while operating cash flow (TTM) is positive at $ 1,024,262,000 and capital expenditures (TTM) total $ 3,743,532,000, producing free cash flow per share (TTM) of $ -16.0548. The company appears as a small holding in the IVV ETF at 0.04% of that fund, and filing-based disclosures show institutional purchases of 53,090 and 6,134 shares by two separate filers in the second quarter.
What the debate changed
The desk’s debate did not drop or materially weaken any surviving claims; all 18 surviving claims across 8 sources stood. Because nothing was removed or substantially downgraded, the constructive read and the numeric balance of stronger quarter-over-quarter profitability alongside a large negative free cash flow position remain intact. The only noise reduced in the packet was non-company audio/format media coverage that was judged irrelevant to Atmos Energy Corporation; that weakening of extraneous items did not alter the core financial picture.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Reported revenues for the fiscal quarter 2026 (2026-04-01 to 2026-06-30, 3mo) were $879,059,000, up from $838,774,000 in the comparable fiscal quarter 2025 (2025-04-01 to 2025-06-30, 3mo).
XBRL companyfacts · 0000731802-26-000102Operating income increased to $320,414,000 in the fiscal quarter 2026 (2026-04-01 to 2026-06-30, 3mo) from $252,067,000 in the fiscal quarter 2025 (2025-04-01 to 2025-06-30, 3mo).
XBRL companyfacts · 0000731802-26-000102Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Nothing in this slice of the evidence rose to a claim — a quiet read, which itself is information.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
No computed signal history for this symbol yet — signals need roughly 70 trading days of price history.
Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02T13:45:47.228469+00:00, ATO is a holding in the ETF with symbol IVV at a weight of 0.04% of that fund.
ETF constituents · market dataThe provided ETF membership data shows ATO's inclusion in a major index-tracking ETF (IVV) at a small fractional weight (0.04% of fund) as of the timestamped snapshot.
ETF constituents · market dataReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple consumer-technology pieces referencing 'Dolby Atmos' (titles about Dolby Atmos for Headphones, Dolby Atmos vs lossless, and a 4K Blu-ray testing piece) are present and are market-wide audio/format coverage rather than reporting on Atmos Energy Corporation.
News · engadget.com · 2026-09-01weakened in debateA filing-based item reports that the Public Employees Retirement System of Ohio acquired 53,090 shares in Atmos Energy Corporation in the second quarter, per a Form 13F disclosure.
News · thelincolnianonline.com · 2026-09-01Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
No insider transactions on file in the trailing 180 days.
Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Free cash flow for the trailing twelve months (FCF TTM) is -2,719,272,000.
Valuation inputs · SEC XBRL + stored EOD closeNet cash provided by (used in) operating activities for the trailing twelve months is 1,024,262,000.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Company-filed quarterly results show sequentially higher revenues, operating income, net income and diluted EPS in the comparable quarter year-over-year (claims fundamentals-0 through fundamentals-3), and those line-item improvements are drawn directly from the firm's filing (source 0000731802-26-000102), which is high-strength primary evidence for operational improvement. Trailing-twelve-month operating cash flow and EBITDA (valuation-1 and valuation-3) are positive and sizable in the valuation snapshot, providing corroborating cash-generation and profitability context beyond GAAP earnings; that dataset is a firm-sourced summary (valuation:ATO:2026-09-02) and is moderate-to-high strength for cash/EBITDA metrics. The strongest negative points (large negative free cash flow, heavy capital expenditures, and negative FCF per share: valuation-0, valuation-2, valuation-4) come from the same valuation snapshot and are internally consistent with one another, indicating the negative FCF signal is driven by elevated capex rather than weak operating performance; therefore those negatives appear explainable rather than contradictory to the operating profit improvements. Rising share count (fundamentals-4) is a valid dilution observation from the filing but is modest in scale relative to reported earnings increases; ownership inclusion in a major ETF (ownership-0 and ownership-1) is a low-weight but credible sign of institutional indexing exposure. Taken together, the claims jointly support a favorable read on recent operating and earnings performance while flagging capital intensity and modest share dilution as the primary evidence-based constraints.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.39
18 surviving claims rest on 8 distinct sources; the heaviest analyst carries 33% of them, and 92% of what the desk raised survived the debate.
The read rests on a moderate number of independent sources but is concentrated: a third of surviving claims rely on a single analyst and eight sources carry the 18 claims. The high survival rate from the desk debate suggests internal consistency, but source concentration and an influential analyst mean the read should carry caution — it's informative but not highly resilient to new contrary filings or a re-evaluation of that dominant source.
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
12 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.5 to the score
1 holdings record
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+1.0 to the score
7 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only — it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on ATO Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.