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Atmos Energy fiscal Q3 net income meets analyst expectations

Atmos Energy Corp. on Aug. 7 posted consolidated net income of $80.5 million, or 68 cents per share, for its fiscal third quarter, up from $71.2 million, or 64 cents per share, in the year-ago period.

The S&P Global Market Intelligence consensus normalized EPS estimate for the most recent quarter was 68 cents.

Atmos' operating income came in at $122.2 million, a decrease from $124.3 million in the prior-year quarter.

Operating revenue stood at $485.7 million, down from $562.2 million in the year-earlier quarter. Contribution margin was $454.4 million, an increase from $431.4 million in the prior-year period.

Atmos, which serves over 3 million customers in eight states, reaffirmed its fiscal 2019 earnings guidance at the higher end of the range of $4.25 to $4.35 per share. The Market Intelligence consensus normalized EPS guidance for the year is $4.32.

Capital expenditures for the fiscal year are projected to range from $1.65 billion to $1.75 billion.