Atmos Energy Corporation

- As of March 31, the company had an equity capitalization of 61% and no short-term debt outstanding. - Extended 4 credit facilities during the second quarter, providing $3.1 billion in total liquidity. - Had $4.1 billion in available liquidity to support operations at quarter end. - Included in liquidity is approximately $890 million in net proceeds from existing forward sale agreements, expected to satisfy the remainder of anticipated fiscal ’26 equity needs and part of fiscal ’27 equity needs. - No ATM (at-the-market) equity pricing occurred during Q2; company remains cautious due to market volatility and will evaluate pricing opportunities going forward to address fiscal ’27 equity needs at the right time.

- Capital expenditures for the first half of fiscal 2026 totaled $2 billion, with over 89% focused on enhancing safety and reliability of distribution, transmission, and underground storage systems. - Completed Phase 2 of the Line WA project: installed ~44 miles of 36-inch pipeline west of Fort Worth to support growth in the Dallas-Fort Worth Metroplex. - APT completed 5 interconnect projects, adding nearly 100,000 Mcf/day of additional natural gas supply to enhance system supply optionality, reliability, and versatility. - Expected to spend approximately $4.2 billion in capital expenditures for fiscal 2026. - Ongoing investments support growth in local distribution companies (LDCs) behind APT’s system and improve system versatility and supply diversification.

- Atmos Energy expects 6% to 8% growth in earnings per share for fiscal year 2027 and beyond, based on an updated guidance range of $8.40 to $8.50 per share. - The company anticipates steady growth in customer additions, with over 51,000 new customers added in the past 12 months and strong growth especially in Texas. - Capital expenditures remain significant, with a focus on safety and reliability, supporting long-term volume growth. - The updated Texas Rule 7.7102 is expected to provide steady-state benefits post-2026, reflecting better visibility and no further rebasing impacting future earnings. - Customer demand across residential, commercial, and industrial sectors is strong, driving volume expansion across service territories. - Growth in APT’s pipeline and infrastructure enhancements aim to support expanding volumes and customer needs behind the city gate. - Equity capitalization and liquidity levels support ongoing capital investment to sustain growth.

- Updated fiscal 2026 EPS guidance raised to $8.40 to $8.50, serving as a base for future growth. - Expected long-term EPS growth of 6% to 8% annually starting fiscal 2027 and beyond. - Growth outlook incorporates impacts from Texas Rule 7.7102 and capital expenditure plans. - Stable post-2026 benefits from Texas legislation estimated at $155-$165 million pre-tax annually, supporting steady-state growth. - Customer growth remains strong, adding over 51,000 new customers in the past 12 months, fueling volume increases. - Capital expenditures of approximately $4.2 billion planned for fiscal 2026 focused on safety, reliability, system expansion, supporting growth. - APT’s Rider REV tariff provides variable revenue linked to pipeline capacity and natural gas pricing, adding to growth. - Dividend expected to incrementally grow aligned with 6%-8% EPS growth guidance.

The provided transcript from Atmos Energy's Q2 2026 earnings call does not explicitly mention current or expected orderbook or pending orders details. However, related insights include: - The company is advancing capital expenditures with $2 billion spent in the first half of fiscal 2026, primarily focused on safety and system reliability. - Major completed projects include Phase 2 of the Line WA pipeline project (44 miles) and 5 interconnect projects adding nearly 100,000 Mcf/day of supply. - There are 13 ongoing regulatory filings seeking nearly $600 million in annualized operating income increases, with about 40% expected to be implemented in the third quarter. - The largest pending regulatory filing is APT's request for $112 million in annualized operating income, pending consideration on May 12. - These filings and capital projects suggest a strong pipeline of activity but no explicit orderbook or pending orders snapshot is provided.