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Atmos Energy Corporation Reports Earnings For The Fiscal 2012 Second Quarter And Six Months; Reaffirms Fiscal 2012 Guidance

Atmos Energy Corporation (NYSE: ATO) today reported consolidated results for its fiscal 2012 second quarter and six months ended March 31, 2012.

  • Fiscal 2012 second quarter consolidated results, excluding net unrealized margins were $116.8 million, or $1.28 per diluted share, compared with results in the prior-year quarter, excluding net unrealized margins, of $134.3 million, or $1.47 per diluted share.
  • After including noncash, unrealized net losses of $7.7 million, or ($0.08) per diluted share, fiscal 2012 second quarter net income was $109.1 million, or $1.20 per diluted share. Net income was $132.2 million, or $1.45 per diluted share in the prior-year quarter, after including unrealized net losses of $2.1 million or ($0.02) per diluted share.
  • Fiscal 2011 second quarter net income included the net positive impact of several one-time items totaling $11.1 million, or $0.12 per diluted share.
  • For the three months ended March 31, 2012, regulated operations contributed $116.1 million, or $1.27 per diluted share, compared with $136.3 million of net income, or $1.49 per diluted share in the prior-year quarter.
  • Nonregulated operations experienced a net loss of $7.0 million, or ($0.07) per diluted share, compared with a net loss of $4.1 million, or ($0.04) per diluted share for the same three-month period last year.

For the six months ended March 31, 2012, consolidated net income was $177.6 million, or $1.94 per diluted share, compared with net income of $206.2 million, or $2.26 per diluted share for the same period last year. Net income for the prior-year period included the positive impact of several one-time items totaling $11.1 million, or $0.12 per diluted share. Results from nonregulated operations include noncash, unrealized net gains of $5.3 million, or $0.06 per diluted share for the six months ended March 31, 2012, compared with net losses of $1.7 million, or ($0.02) per diluted share for the prior-year period. For the current six-month period, regulated operations contributed $180.2 million of net income, or $1.97 per diluted share, and nonregulated operations experienced a net loss of $2.5 million, or ($0.03) per diluted share.

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