InsiderStreet Equity Research

Produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation for any investor. Do not rely on it for any investment decision.

Last Close

$167.34

2026-10-16

Market Cap

$28.3B

Volume

0.9M

52-Wk High

$192.51

52-Wk Low

$154.72

Trailing PE

19.7

P/S

5.75

Gross Margin

61.0%

Net Margin

28.5%

ROE

10%

ROIC

5%

Piotroski

5/9

Altman Z

1.6

1-Yr Return

-4.6%

5-Yr Return

+77.9%

Atmos Energy Corporation, alongside its subsidiaries, is a U.S.-based enterprise primarily involved in the regulated distribution of natural gas, as well as operating pipeline and storage facilities. The company functions through two core divisions: Distribution, and Pipeline and Storage. The Distribution division manages the regulated delivery and associated sales of natural gas across eight states. This division supplies natural gas to approximately three million customers, encompassing homeowners, businesses, public agencies, and industrial clients. By September 30, 2021, its extensive infrastructure comprised 71,921 miles of subterranean distribution and transmission lines. Conversely, the Pipeline and Storage division focuses on pipeline and storage activities. It is responsible for transporting natural gas on behalf of other entities and oversees five underground storage facilities located in Texas. Additionally, it offers various support services to the pipeline sector, such as gas parking, lending, and inventory transactions. As of September 30, 2021, this division maintained a network of 5,699 miles of gas transmission lines. Established in 1906, Atmos Energy Corporation maintains its principal office in Dallas, Texas.

SectorUtilitiesIndustryRegulated GasExchangeNYSEMarket Cap$28.3BEmployees5,487 (SEC-filed)CEOJohn Kevin AkersIPO1983-12-28CountryUS

1800 Three Lincoln Centre, Dallas, TX 75240 · Tel 972 934 9227 · atmosenergy.com

INSIDERSTREET SCORE47 / 100Street mean $179.00 (5 analysts, last qtr) — their number, not ours

INSIDER CONSENSUS SIGNALNET BUYING$0.1M open-market purchases vs $0.0M sales / 6 mo

1 Year vs S&P 500 · ATO -4.6% · S&P 500 +15.9% · spread -20.4pp

7 Years vs S&P 500 · ATO +77.9% · S&P 500 +189.9% · spread -111.9pp

Both charts indexed to 100 at the start of their window and drawn on a single shared scale, so the gap to the benchmark is the gap you see. Adjusted closes throughout.

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INSIDERSTREET
SCORE47of 100

Score Breakdown

Profitability	73/100
Growth	59/100
Momentum	87/100
Quality	78/100
Earnings Quality	86/100
Balance Sheet	57/100
Value	56/100
Risk (safety)	30/100
Overall	46.9/100

Each component is a diagnostic reading on its own 0-100 scale. The overall score is computed separately from the underlying financials and is not the average of the rows above — components are not equally weighted and three of them (Momentum, Value, Risk) are derived partly from price rather than from the business.

Peer Comparison — IS Score

Symbol	IS Score
NI	36
UGI	40
SWX	32
BKH	37
NJR	33
SR	41
ATO	47

IS Score Trend — quarterly

15 quarters, 23 Q1 to 26 Q3. Peak 56 in 26 Q2, latest 47 — -9 since. Fell in 1 of the last 4 quarters. Dashed line marks 40 on the 0-100 scale.

BUSINESS QUALITY47 / 100IS Score 46.9 / 100 · -8.6 from peak of 56

Fundamental factor model, quarterly. Measures how the business is doing - not where the price is going.

PRICE STRUCTUREBULLISHTechnical Score 78 / 100 · Power +57 · 19 of 22 indicator votes bullish

Vote share across trend, momentum, volume, volatility and pattern families. Describes where the price is, not where it is going.

These two disagree — business quality 47, price structure 78 out of 100, so the price reads better than the business does. We publish the disagreement rather than resolving it: they answer different questions, and the gap between them is information, not an error.

Trigger	Where it stands now	What it would mean
IS Score reaches 55 and holds two consecutive quarters	now 46.9	would move us up one band
IS Score stops falling - one quarter higher than the prior	last four: 46 → 48 → 56 → 47	the direction matters more than the level
Technical vote share back above 50%	now 82%	price structure no longer broken
Institutional holder count rises two quarters running	peak 1,047 → now 1,047	fewer institutions willing to hold is our clearest warning

We publish these so the view can be shown to be wrong. If none of them move and our reading does, we owe you an explanation.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

This page is InsiderStreet's own reading, produced from the data in the rest of this document. It is not a price target and not investment advice. Analyst consensus and street price targets appear later under their own heading and are the street's numbers, not ours.

Site Convergence Score3 of 4top 4% of 29,420 symbols

Sources Aligned— of 3independent disclosures

Congress (180d)0 buysnone disclosed

Insider Buys (180d)1$0.05M

ETF Funds (30d)992 up / 679 downnet +313 funds

Institutions Added (13F)26managers opening or increasing

Congressional and insider figures are disclosed purchases in the trailing 180 days; ETF figures are COUNTS OF FUNDS whose holding changed in 30 days, not dollars. Coincidence of separate disclosures, not coordination. An absent source means nothing qualifying was disclosed in its window.

Institutions holding — 12 quarters

Peak 1,047 · latest 1,047 (+0 from peak).

Quarter	Holders	13F shares	Value	Reported own%
2026 Q2	1,047	163.7M	$27.4B	97.3%
2026 Q1	1,021	160.0M	$28.7B	95.1%
2025 Q4	983	162.1M	$25.8B	96.3%
2025 Q3	915	159.6M	$25.6B	94.8%
2025 Q2	875	160.6M	$23.4B	95.4%
2025 Q1	864	158.0M	$23.1B	93.9%
2024 Q4	819	156.6M	$20.5B	93.0%
2024 Q3	757	149.7M	$19.3B	88.9%
2024 Q2	736	143.3M	$16.2B	85.1%
2024 Q1	735	139.0M	$16.3B	82.5%
2023 Q4	723	136.1M	$15.6B	80.8%
2023 Q3	669	135.6M	$14.2B	80.6%

How to read ownership above 100%. A 13F reports the positions a manager has investment discretion over, and where two or more managers share discretion over the same block, each one reports it. Summed across filers, the total can therefore exceed the shares actually outstanding without anything being wrong. We publish the figure as filed rather than netting it down, and flag separately any quarter where the arithmetic is not merely high but impossible.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Insider	Role	Date	Type	Shares	Value	Post-Txn Owned
Martinez Jeffery D	SR VP, UTILITY OPERATIONS	2026-10-01	—	1,715	—	0
Geiser Edward	director	2026-10-01	A-Award	225	—	1,923
Garza Rafael G	director	2026-10-01	A-Award	77	$0.01M	334
Robbins J Matt	SR VP, HUMAN RESOURCES	2026-09-15	GIFT	1,500	—	25,866
Jeffries James Henry Iv	director	2026-09-01	A-Award	1,000	—	1,000
Ware William James	director	2026-08-11	BUY	300	$0.05M	488
Geiser Edward	director	2026-07-01	A-Award	188	—	1,689
Garza Rafael G	director	2026-07-01	A-Award	65	$0.01M	257

6-mo decomposition (Form 4)	Txns	Shares	Value	Signal weight
P — Open-market purchases	1	300	$0.1M	Counted
M — Exercises (paired A/D)	9	32,686	—	None — mechanics
F — Tax withholding	6	10,994	$2.1M	None — compensation
G — Gifts	1	1,500	—	None

Monthly Net Insider Flow (000 shares)

Net of acquisitions minus dispositions, all Form 4 types.

Signal Summary

SignalNet Buying

Open-Market Sells$0.0M0 txns / 6 mo

Open-Market Buys$0.1M1 txns / 6 mo

ClusterNone active3+ insiders / 21 days

Filed	Filer	Shares registered	Est. proceeds
2025-12-03	Sean Donohue	452	$0.1M
2025-05-14	Cocklin Kim R	15,000	$2.3M
2024-12-10	Atmos Energy Corporation Master Retirement Trust	210,000	$30.9M
2024-03-27	Cocklin Kim R	15,000	$1.7M
Trailing 12 mo	1 filings	452	$0M

Filed	Form	Reporting person	% of class	Shares
2026-07-27	SCHEDULE 13G/A	BlackRock, Inc.	8.70%	14.5M sh
2026-05-14	SCHEDULE 13G/A	Capital International Investors	4.70%	7.7M sh
2026-04-29	SCHEDULE 13G	Vanguard Capital Management	7.53%	12.5M sh
2026-04-28	SCHEDULE 13G	Vanguard Portfolio Management	5.62%	9.3M sh

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Member	Chamber	Trade	Size band	Traded	Disclosed
Ro Khanna	House	SELL	$1,001 - $15,000	2026-01-29	2026-02-10
Jared Moskowitz	House	BUY	$1,001 - $15,000	2025-12-02	2026-01-19
Jared Moskowitz	House	BUY	$1,001 - $15,000	2025-12-02	2026-01-19
John Boozman	Senate	SELL	$1,001 - $15,000	2026-06-12	2026-07-13
John Boozman	Senate	SELL	$1,001 - $15,000	2026-06-12	2026-07-12
John Boozman	Senate	BUY	$1,001 - $15,000	2025-05-20	2025-07-09

House 12-Mo4 trades3 purchases

Senate 12-Mo2 trades0 purchases

CoverageSTOCK Act filings30-45 day disclosure lag

13F Filers (last complete Q)1,021

13F Shares160M95.1% of shares out

New / Closed144 / 88positions, QoQ

Increased / Reduced409 / 306positions, QoQ

Put/Call (13F)0.86option positions

Free Float99.5%168M sh

2.8 · Largest Reporting 13F Managers

Manager	Shares	Value
Perpetual Ltd	1.1M	$177M
Assenagon Asset Management S.A.	267,609	$42M
Wealth Enhancement Advisory Servic	109,464	$16M
Mather Group, Llc.	86,046	$13M
Asr Vermogensbeheer N.V.	75,002	$12M
Ifm Investors Pty Ltd	53,444	$8M

EDGAR 13F holdings as of 2026-09-30; filer values normalized to dollars.

2.9 · Top ETF & Fund Ownership

Fund	Weight	Position
VITSX	0.0%	$838M
VTSAX	0.0%	$838M
VTI	0.0%	$838M
VSMPX	0.0%	$838M
VFFSX	0.0%	$694M
VFIAX	0.0%	$694M

13F Filers Holding ATO — quarterly

Institutional Put/Call — quarterly

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Daily short-sale volume as % of volume reported in FINRA's short-sale file — a flow measure, not short interest; dashed = 50-day average.

Latest Session51.4%2026-10-15

20-Day Avg44.9%50-day 44.3%

TrendRising20d vs 50d

By Market CenterQ: 48% · N: 81% · B: 20%latest session

Weekly Notional ($B)

Where ATO Trades in the Dark

ATS Venue (4-wk)	Shares	Avg trade
Incr Intelligent Cross Llc	2.1M	46 sh
Ubsa Ubs Ats	1.8M	58 sh
Sgmt Sigma X2	1.2M	42 sh
Mlix Instinct X	0.8M	57 sh
Ebxl Level Ats	0.8M	19 sh
Mspl Ms Pool (Ats-4)	0.6M	151 sh

Where a dollar of Atmos Energy Corporation revenue goes. All values FY2025 filings, live.

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ATO (live moat model)Peer median: NI · UGI · SWX · BKH · NJR

Component scores from the live moat model. Peer median illustrative.

Moat score 67/100 — Narrow; primary source Intangible Assets.

3.8 · Employees (SEC filings)

Officer	Title
John Kevin Akers	Chief Executive Officer, President & Director
Christopher T. Forsythe	Senior Vice President & Chief Financial Officer
Jeff D. Martinez	Senior Vice President of Utility Operations
John S. McDill	Executive Officer

Revenue ($B)

EPS ($) — GAAP diluted actual, street-basis estimate

Actual bars are GAAP diluted EPS from the filed income statement; the lighter forward bars are street-basis consensus. The two are different measures and are not comparable quarter to quarter.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Quarterly EPS — Actual vs. Consensus

Beats (>2%)3 of 6recent quarters

Avg Surprise+3.7%

Next Report2026-11-04

Income Quality1.44OCF ÷ net income

Beat Rate—%0 of 0 quarters

Current Streak0longest 0

Avg EPS Surprise—%median —%

Surprise Trend—last 4 vs prior 4

Period	EPS est.	EPS actual	EPS surprise	Rev est. ($M)	Rev actual ($M)	Rev surprise

Announcement dates to . Consensus as it stood at each report. Revenue surprise shown where both estimate and actual are filed. A beat record is history, not a forecast.

Profit Margins (%)

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Revenue by Segment — Stacked

Live segmentation data.

YoY Growth Heatmap — Income Lines

YoY growth	FY21	FY22	FY23	FY24	FY25
Revenue	+20.8%	+23.3%	+1.8%	-2.6%	+12.9%
Gross profit	+10.6%	+6.7%	+13.8%	+17.2%	+2.1%
Operating income	+9.8%	+1.8%	+15.9%	+27.0%	+15.1%
Net income	+10.7%	+16.4%	+14.3%	+17.8%	+14.9%

$B · FY ends	FY21	FY22	FY23	FY24	FY25
Revenue	3.4	4.2	4.3	4.2	4.7
Cost of revenue	1.7	2.4	2.2	1.8	2.2
Gross profit	1.7	1.8	2.1	2.4	2.5
R&D expense	0.0	0.0	0.0	0.0	0.0
SG&A expense	0.0	0.0	0.0	0.0	0.0
Operating income	0.9	0.9	1.1	1.4	1.6
EBITDA	1.4	1.5	1.7	2.1	2.4
D&A	0.5	0.5	0.6	0.7	0.7
Pretax income	0.8	0.9	1.0	1.2	1.5
Income tax	0.2	0.1	0.1	0.2	0.3
Net income	0.7	0.8	0.9	1.0	1.2
Diluted EPS ($)	5.12	5.61	6.10	6.83	7.46
Diluted shares (M)	130	138	145	153	161

Operating CF$2B

CapEx$4B

Free cash flow$-2B

SBC$0B

Buybacks$0B

Net cash change$-0B

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Shown instead of the usual cash-distribution diagram because operating cash flow was not positive this year — there was no internally generated cash to distribute, so the decision-relevant question is what funded the spending. Sources left, uses right; cash is fungible and the statement does not trace which rupee of borrowing bought which asset, so the band is proportional, not a claim about specific flows. Any residual from FX translation is carried explicitly as Other / FX.

Balance Sheet — Full

$B	FY22	FY23	FY24	FY25
Cash & equivalents	0.1	0.0	0.3	0.2
ST investments	0.0	0.0	0.0	0.0
Receivables (net)	0.4	0.3	0.4	0.4
Total current assets	3.0	0.9	1.1	0.9
PP&E (net)	17.5	19.8	22.5	25.6
Goodwill + intangibles	0.7	0.8	0.8	0.8
Total assets	22.2	22.5	25.2	28.9
Accounts payable	0.3	0.2	0.3	0.4
Short-term debt	2.4	0.3	0.0	0.1
Deferred revenue	0.1	0.1	0.1	0.0
Total current liabilities	3.6	1.4	1.2	1.4
Long-term debt	5.8	6.6	7.9	8.9
Total liabilities	12.8	11.6	13.0	15.3
Shareholders' equity	9.4	10.9	12.2	13.6

Cash Flow Statement — Full

$B	FY22	FY23	FY24	FY25
Net income	0.8	0.9	1.0	1.2
D&A	0.5	0.6	0.7	0.7
Stock-based compensation	0.0	0.0	0.0	0.0
Working capital change	(0.4)	1.9	(0.1)	(0.1)
Operating cash flow	1.0	3.5	1.7	2.0
Capital expenditures	(2.4)	(2.8)	(2.9)	(3.6)
Investing cash flow	(2.4)	(2.8)	(2.9)	(3.6)
Buybacks	0.0	0.0	0.0	0.0
Dividends paid	(0.4)	(0.4)	(0.5)	(0.6)
Debt issuance / (repay)	0.8	(1.3)	1.0	1.1
Financing cash flow	1.4	(0.7)	1.5	1.4
Free cash flow	(1.5)	0.7	(1.2)	(1.5)

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Balance Sheet Structure ($B)

Cash Generation vs Capex ($B)

Left: what the balance sheet is made of — the gap between the assets bar and the liabilities bar is book equity. Right: whether the capex bar is covered by the operating-cash bar; where it is not, the difference was funded externally and free cash flow goes negative.

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
PROFITABILITY
ROE	9.1%	8.9%	8.7%	9.1%	9.3%	10%
ROA	3.8%	3.7%	4.0%	4.4%	4.4%	4.4%
ROIC	4.8%	4.7%	5.3%	5.7%	5.6%	4.8%
Gross margin	49.8%	43.1%	48.1%	57.9%	52.4%	61.0%
Operating margin	26.6%	21.9%	25.0%	32.5%	33.2%	37.0%
Net margin	19.5%	18.4%	20.7%	25.0%	25.5%	28.5%
EBITDA margin	40.5%	35.5%	40.7%	50.3%	50.7%	54.2%
FCF margin	-89.6%	-34.9%	15.3%	-28.9%	-32.2%	—
VALUATION
P/E	15.93	17.13	16.82	19.79	22.74	19.7
P/B	1.34	1.41	1.37	1.70	2.01	1.8
P/S	3.11	3.16	3.48	4.95	5.80	5.75
P/FCF	-3.47	-9.04	22.79	-17.15	-18.03	-14.0
EV/EBITDA	13.07	14.48	12.64	13.58	15.25	14.3
EV/Revenue	5.30	5.14	5.15	6.83	7.73	7.7
Earnings yield	6.3%	5.8%	5.9%	5.1%	4.4%	4.98%
FCF yield	-28.8%	-11.1%	4.4%	-5.8%	-5.5%	-7.14%

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
LEVERAGE & SOLVENCY
Current ratio	0.81	0.85	0.65	0.94	0.67	0.81
Quick ratio	0.75	0.74	0.45	0.78	0.53	0.73
Debt / equity	0.96	0.89	0.66	0.67	0.69	0.67
Debt / assets	38.6%	37.7%	31.6%	32.3%	32.2%	32.5%
Net debt / EBITDA	5.39	5.58	4.08	3.73	3.82	3.65
Interest coverage	11.09	9.54	8.74	8.50	9.61	—

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Ratio	FY21	FY22	FY23	FY24	FY25	TTM
EFFICIENCY
Asset turnover	0.19	0.20	0.19	0.17	0.17	0.16
Receivables turnover	15.41	14.46	14.40	14.58	13.77	10.5
DSO (days)	24	25	25	25	27	35
DPO (days)	39	37	39	58	59	83
Cash conversion cycle	18	32	41	15	-2	-19
GROWTH (YoY)
Revenue growth	20.8%	23.3%	1.8%	-2.6%	12.9%	—
Net income growth	10.7%	16.4%	14.4%	17.7%	14.9%	—
EPS growth	2.7%	10.1%	8.7%	14.4%	9.5%	—
FCF growth	-240.2%	52.0%	144.6%	-284.1%	-25.6%	—
PER SHARE ($)
EPS (diluted, TTM)	4.98	5.48	5.96	6.81	7.47	8.33
Book value / share	59.14	66.70	73.11	79.45	84.44	90.64
Revenue / share	25.49	29.75	28.76	27.22	29.29	29.23
FCF / share	-22.84	-10.39	4.40	-7.86	-9.42	-12.00
Cash / share	0.87	0.37	0.10	2.01	1.27	3.12
SHAREHOLDER RETURN & SCORES
Buyback yield	0.0%	0.0%	0.0%	0.0%	0.0%	—
Altman Z-Score	1.03	1.13	1.33	1.53	1.63	1.6
Piotroski F-Score	3	7	7	6	6	5/9
Beneish M-Score	-1.55	-2.31	-3.22	-2.56	-2.33	-2.66

Model	Score	Zone	Note
Piotroski F-Score	5 / 9	Middling
Altman Z-Score	1.6	Distress (<1.81)	Distress
Income quality	1.44	Cash-backed	OCF ÷ net income
Beneish M-Score	-2.66	Non-manipulator	vs −2.22 threshold

DuPont Decomposition (TTM)	Value
Tax burden	0.80
Interest burden	0.93
Operating margin	38.4%
Asset turnover	0.17×
Financial leverage	2.07×
= ROE	10%

Growth Quality (live)	Value
Revenue stability	0.86
Earnings stability	0.96
Earnings persistence	0.92
Revenue CAGR 3y	3.7%
EPS CAGR 3y	13.0%
FCF CAGR 3y	—

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Buyback Yield0.00%

Dividend Yield2.39%

Total Shareholder Return-1.48%cash yield

SBC / Revenue0.0%dilution pressure

Company	Mkt cap	P/E	ROE	Net margin	Rev growth	Piotroski	1-yr ret
NI	$20.5B	22.5	10%	3.4%	+12.3%	5/9	-0.6%
UGI	$8.2B	12.3	13%	-10.0%	-0.5%	8/9	+20.7%
SWX	$6.3B	12.2	13%	11.8%	-57.0%	6/9	+13.7%
BKH	$5.8B	19.3	8%	8.4%	+2.5%	6/9	+27.6%
NJR	$5.3B	14.4	14%	2.8%	+7.0%	6/9	—
SR	$4.8B	9.1	16%	50.2%	+4.1%	5/9	—
OGS	$4.8B	16.2	9%	11.4%	-0.8%	6/9	—
BIPC	$4.6B	-13.4	25%	-8.8%	+1.4%	6/9	—

1-yr returns computed from adjusted price history; peers without a tracked series show —.

Hold

23 Analysts

Str Sell (0)Sell (0)Hold (14)Buy (9)Str Buy (0)

Mean Target (qtr)$179.005 targets

Target vs. Price+7.0%last-quarter mean

Next Report2026-11-04street $1.14

Consensus estimates	Revenue mean	High / Low	EPS mean	High / Low	# EPS est.
FY2026	$5.11B	$5.18B / $4.96B	$8.45	$8.48 / $8.43	8
FY2027	$5.57B	$5.94B / $5.27B	$9.04	$9.12 / $8.99	9
FY2028	$6.07B	$6.53B / $5.60B	$9.77	$9.99 / $9.57	7

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Street Price Target — Trajectory

Window	Avg Target	vs. Price	# Targets
Last Month	$170.50	+1.9%	2
Last Quarter	$179.00	+7.0%	5
Last Year	$181.59	+8.5%	22
All Time	$162.02	-3.2%	44

Rolling mean of published targets vs. last close $167.34. Aggregated from StreetInsider, Benzinga.

Third-Party Composite Rating

B+

DCF

4/5

ROE

3/5

ROA

4/5

Debt/Eq

4/5

P/E

2/5

P/B

2/5

Independent quant composite as of 2026-10-16; components scored 1–5 (5 best). Shown for contrast with the InsiderStreet Score — methodologies differ.

ATO -4.6% vs S&P 500 +15.9% — spread -20.4pp

Sector — XLU -8.1%

Peer Set — indexed to 100

All series indexed to 100 at the start of the window, adjusted closes.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Candlesticks with SMA 20/50 overlay, Bollinger (20,2σ) band, volume, and Wilder RSI(14) — computed from live daily OHLCV.

Moving Average	Value	Distance	% Distance	Signal
SMA 20	$159.53	+7.81	+4.90%	Above
SMA 50	$163.92	+3.42	+2.09%	Above
SMA 200	$173.93	-6.59	-3.79%	Below
EMA 9	$162.95	+4.39	+2.69%	Above
EMA 21	$161.79	+5.55	+3.43%	Above
EMA 50	$164.12	+3.22	+1.96%	Above
EMA 200	$169.59	-2.25	-1.33%	Below

Series and readings from the nightly technical-indicator history — identical data to the site's ribbon chart. Supertrend segments colored by direction.

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

TECHNICAL VERDICTBULLISHPower Score +5719 of 22 indicator votes bullish

Family Scores (site weights)

Trend 30%80

Momentum 25%91

Volume 20%88

Volatility 10%67

Patterns 15%50

This Week82% bullishof 11 price-based votes

4 Weeks Ago0%+82 pts since

12 Weeks Ago91%-9 pts since

ReadImprovingweek-over-week trajectory

Price vs SMA 20$159.53

Price vs SMA 50$163.92

Price vs SMA 200$173.93

EMA 9/21 Cross162.9/161.8

SMA 50/200Death

ADX DirectionADX 27

Supertrend$159

Parabolic SAR$161

SMA Slope0.350

RSI69.3

Stochastic K/D89/89

StochRSI K/D100/100

Williams %R-4

CCI188

TSI vs Signal3.5

CMO38.7

ROC6.47%

OBV SignalAccum

Chaikin MF0.120

MFI87

Force Index1M

Elder Ray Bull6.01

RSI (14)30 oversold · 70 overbought

Stochastic %Kvs %D 89

Money Flowvolume-weighted RSI

ADXtrend strength · <20 weak

Williams %Rinverted scale

Level	Value	Level	Value
Pivot / R1 / R2	$164.48 / $165.53 / $167.10	S1 / S2	$162.91 / $161.86
Bollinger (20,2)	$153.22 – $165.83	Squeeze	Off
52-wk range	$154.72 – $192.51	Off 52-wk high	-13.1%
ATR (14)	$2.45 (1.5%)	Historical vol	11.8%

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

+1.8%Jan65%

-0.9%Feb50%

+3.3%Mar81%

+2.5%Apr85%

-0.3%May55%

+0.8%Jun60%

+2.3%Jul70%

-0.7%Aug40%

-0.7%Sep55%

+2.1%Oct75%

+2.6%Nov70%

+1.2%Dec55%

Sample: 20 years — treat short histories as suggestive, not statistical.

Computed from live weekly prices	ATO	S&P 500
Weekly volatility (σ, 1y)	1.99%	1.83%
Best / worst week (1y)	+3.5% / -5.5%	—
Max drawdown (5y, monthly)	-27.4%	—
1-week VaR (95%)	-3.7%	—
Beta (5y)	0.59	1.00

ATO EQUITY WEATHER (LIVE)PARTLY CLOUDY · +17

Trend+22

Momentum+58

Volume+34

Volatility-60

Breadth-18

MARKET REGIME (2026-10-16)NEUTRAL

VIX19.99Normal

Dow TheoryConfirmed Bearish

SPY / QQQ TSI7.2 / 4.7trend strength

Sector Strength46/100breadth average

Average sentiment of 176 stories, weekly buckets, −1 to +1.

This space intentionally left blank — the next section begins on the following page

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Overall+17.1+29.8 vs industry

Trend+21.7+32.3 vs industry

Momentum+58.4+65.1 vs industry

Volume+34.0+32.5 vs industry

Reading	ATO	Regulated Gas n=171	Utilities n=1,247	All US symbols n=70,435
Overall	+17.1	-12.7	-13.6	-20.5
Trend	+21.7	-10.6	-17.2	-21.3
Momentum	+58.4	-6.7	-4.2	-15.8
Volume	+34.0	+1.5	+0.0	-3.8

Trend, momentum and volume are computed per company. Volatility and breadth are market-regime values shared by every symbol in the universe, so they are reported once under Market Regime rather than compared here - a company cannot differ from its sector on a constant.

Executive	Total comp	Structure
J. Kevin Akers President and Chief Executive	$10.0M	73% equity+incentive
Christopher T. Forsythe Senior Vice Presiden	$3.1M	65% equity+incentive
Jessica W. Bateman Senior Vice President, Ge	$2.8M	82% equity+incentive
John S. McDill Senior Vice President, Utilit	$2.3M	60% equity+incentive
Karen E. Hartsfield Senior Advisor	$2.3M	61% equity+incentive

Pillar (live disclosure scores)	Score
Environmental	51
Social	65
Governance	71
Composite ESG	62

Composite ESG Trend

Filed	8-K contents	Items
2026-10-09	Other Events; Exhibits	8.01,9.01
2026-10-09	Material Agreement; Exhibits	1.01,9.01
2026-08-10	Officer/Director Change; Regulation FD; Exhibits	5.02,7.01,9.01
2026-08-05	Earnings Release; Exhibits	2.02,9.01
2026-06-18	Other Events; Exhibits	8.01,9.01
2026-06-18	Material Agreement; Exhibits	1.01,9.01
2026-05-06	Earnings Release; Exhibits	2.02,9.01
2026-03-30	Material Agreement; Financial Obligation	1.01,2.03

NOT INVESTMENT ADVICE — FOR INFORMATIONAL PURPOSES ONLY

Methodology. Every figure originates in InsiderStreet's production data layer and is computed deterministically by the same engines that power insiderstreet.ai. This factsheet contains no model-written text. Sections without underlying data are omitted rather than estimated.

DISCLOSURES. This document is produced by InsiderStreet.ai from live production data. It is not investment advice, not an offer or solicitation to buy or sell any security, and not a recommendation tailored to any person. Data is sourced as of the dates shown and may no longer be current. InsiderStreet.ai is not a registered investment adviser or broker-dealer. Investing involves risk, including loss of principal. Past performance does not guarantee future results. Do not make any investment decision based on this document. © 2026 InsiderStreet.ai — all rights reserved. Redistribution prohibited.

Data domain	Source	Coverage for this report
Price & volume	market_db.historical_prices	52 rows
Fundamentals	income_statements_annual	6 rows · 2020 to 2025
Reported vs consensus	fact/earnings_calendar	24 rows · 2020-11-11 to 2026-08-05
Analyst estimates	dim/forward_estimates	3 rows · 2026-09-30 to 2028-09-30
Institutional ownership (13F)	holdings_db.institutional_ownership_summary	113 rows · 1998 to 2026
Insider transactions (Form 4)	edgar/form4	12 rows · 2026-05-02 to 2026-10-01
Proposed sales (Form 144)	edgar/form144	1 record
Beneficial ownership (13D/G)	edgar/13dg	4 rows · 2026-04-28 to 2026-07-27
Short-sale volume (FINRA)	edgar/short_volume_daily	60 rows · 2026-07-23 to 2026-10-15
Dark pool (ATS, tier 1)	edgar/darkpool_weekly	12 rows · 2026-06-15 to 2026-08-31
ETF & fund holding	etf_holdings_changelog (30d)	1 record
Peer set	stock_peers_dynamic	8 rows
Industry medians	industry_medians	1 record
Congressional trades	congress_db (House + Senate)	1 record
ESG	fact/esg_disclosures	1 record

Method. Every figure in this factsheet is looked up from a named field computed in code. It contains no model-written text.

Not covered. Short interest as a percent of float and days-to-cover are not in this data set — the short-sale figures above are FINRA volume, a flow, and cannot support squeeze or covering analysis. Options positioning and intraday data are also absent. 13F ownership is filed 45 days after quarter end and congressional trades are disclosed on a lag, so both describe a past position, not a current one.

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Score Breakdown

Peer Comparison — IS Score

IS Score Trend — quarterly

Atmos Energy Corporation (ATO)

Institutions holding — 12 quarters

Atmos Energy Corporation (ATO)

Monthly Net Insider Flow (000 shares)

Signal Summary

Atmos Energy Corporation (ATO)

2.8 · Largest Reporting 13F Managers

2.9 · Top ETF & Fund Ownership

13F Filers Holding ATO — quarterly

Institutional Put/Call — quarterly

Atmos Energy Corporation (ATO)

Where ATO Trades in the Dark

Atmos Energy Corporation (ATO)

3.8 · Employees (SEC filings)

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Balance Sheet — Full

Cash Flow Statement — Full

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Street Price Target — Trajectory

Third-Party Composite Rating

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Family Scores (site weights)

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)

Atmos Energy Corporation (ATO)