Atmos Energy (ATO)
F42011 Earnings Call
November 10, 2011 10:00 AM ET
Susan Giles - VP, IR
Kim Cocklin - President and CEO
Fred Meisenheimer - SVP and CFO
Ted Durbin - Goldman Sachs
Mark Barnett - Morningstar
Amit Marwaha - Citi
Peter Hark - Talon Capital
Good morning everyone. Thank you all for joining us. This call is open for the general public and media but confined for financial analysts. It is being webcast live over the internet. We have placed additional slides in an appendix for those that on our website. We will not speak to them directly but are happy to take questions after our prepared remarks. If you would like to access the webcast and slides, please go to our website at atmosenergy.com and click on the conference call link.
Our speakers today are Kim Cocklin, President and CEO and Fred Meisenheimer, Senior Vice President and CFO. There are other members of the leadership team here to discuss your questions as needed. As we review this financial results and discuss future expectations, please keep in mind that some of our discussion might contain forward-looking statements and are intended to follow them with Safe Harbor rules and the Private Securities Litigation Reform 1995. With that, I’ll like to turn the call over to Kim Cocklin.
Thank you Susan and good morning everyone and thank you very much for taking time out of your busy schedule to join us. Certainly appreciate that and we appreciate your interest in Atmos Energy. Yesterday as you are aware, we recorded earnings of $2.27 for diluted share for fiscal '11 which represents very importantly the ninth consecutive year of earnings per share growth for Atmos Energy. Additionally, our Board of Directors declared the 112 consecutive quarterly dividends and weighed the annual dividend by $0.02. Making the indicated annual dividend for fiscal '12, $1.38. We had a very good year at Atmos Energy in 2011. The excellent financial performance in the regulated operations was primarily from the execution of the regulatory strategy again and in fiscal 2011 we did achieve over $7 million from authorized rate outcomes.