Atmos Energy Corporation (NYSE: ATO) said that it continues to expect
fiscal 2014 earnings to be in the previously announced range of between
$2.66 to $2.76 per diluted share, excluding unrealized margins,
following the completion of its stock offering on February 18, 2014.
Fiscal year 2014 net income from regulated operations is expected to be
in the range of $251 million to $261 million, while net income from
nonregulated operations is expected to range between $10 million and $12
million. Total capital expenditures for fiscal 2014 are unchanged, and
are expected to range between $830 million and $850 million.
The company completed the sale of 9.2 million shares of common stock in
its public offering, including the underwriters’ exercise of their
option to purchase an additional 1.2 million shares. Net proceeds from
the offering of approximately $390.3 million will be used to fund
infrastructure spending to enhance the safety and reliability of the
company’s system, to repay short-term debt outstanding under its
commercial paper program and for general corporate purposes.
An updated slide presentation is available in the Investor section of
the company website at www.atmosenergy.com.
The matters discussed in this news release may contain “forward-looking
statements” within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. All
statements other than statements of historical fact included in this
news release are forward-looking statements made in good faith by the
company and are intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
When used in this news release or in any of the company's other
documents or oral presentations, the words “anticipate,” “believe,”
“estimate,” “expect,” “forecast,” “goal,” “intend,” “objective,” “plan,”
“projection,” “seek,” “strategy” or similar words are intended to
identify forward-looking statements. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from those discussed in this news release, including
the risks and uncertainties relating to regulatory trends and decisions,
the company's ability to continue to access the capital markets and the
other factors discussed in the company's reports filed with the
Securities and Exchange Commission. These factors include the risks and
uncertainties discussed in the company's Annual Report on Form 10-K for
the fiscal year ended September 30, 2013 and in the company's Quarterly
Report on Form 10-Q for the three months ended December 31, 2013.
Although the company believes these forward-looking statements to be
reasonable, there can be no assurance that they will approximate actual
experience or that the expectations derived from them will be realized.
The company undertakes no obligation to update or revise forward-looking
statements, whether as a result of new information, future events or
About Atmos Energy
Atmos Energy Corporation, headquartered in Dallas, is one of the
country's largest natural-gas-only distributors, serving over three
million natural gas distribution customers in over 1,400 communities in
eight states from the Blue Ridge Mountains in the East to the Rocky
Mountains in the West. Atmos Energy also manages company-owned natural
gas pipeline and storage assets, including one of the largest intrastate
natural gas pipeline systems in Texas and provides natural gas marketing
and procurement services to industrial, commercial and municipal
customers primarily in the Midwest and Southeast. For more information,
Atmos Energy Corporation
Susan Giles, 972-855-3729
Source: Atmos Energy Corporation