Atmos Benefits From Tax Reform, Customer Growth and Cold Weather in 1Q
We are reaffirming our $83 fair value estimate, along with our narrow economic moat and stable moat trend ratings, after Atmos Energy reported strong fiscal 2018 first-quarter adjusted earnings and increased full-year earnings guidance.Adjusted earnings per share from continuing operations were $1.40 in the recently ended quarter versus $1.08 in the same period last year. The strong performance in the first quarter was due in large part to the benefits of tax reform on some small legacy unregul...
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