| ATO |
Report |
Adjusted diluted EPS (fiscal Q3, Apr–Jun 2026) |
BEAT |
pred ~$1.30 vs. cons ~$1.24 |
MEDIUM |
| ATO |
Report |
Pipeline & Storage (APT) segment net income / Waha through-system spread contribution |
BEAT |
pred ~$0.10 YoY H2 run-rate tracking high end vs. cons ~$0.08 |
MEDIUM |
| ATO |
Report |
Consolidated revenue (fiscal Q3) |
IN-LINE |
pred ~$1.03B vs. cons ~$1.01B |
LOW |
| ATO |
Guide |
FY2026 adjusted EPS guidance |
BETTER |
guide ~$8.50–$8.60 (raise/narrow to high end) vs. cons ~$8.49 (FY2026) |
MEDIUM |
| ATO |
Guide |
APT through-system H2 contribution (Waha/Permian spreads) |
BETTER |
guide ~$0.10–$0.14 vs. prior/cons ~$0.08–$0.12 (H2 FY2026) |
MEDIUM |
| ATO |
Guide |
FY2027 base / long-term EPS growth algorithm |
UNCHANGED |
reaffirm 6–8% off ~$8.45 base vs. cons ~7% (FY2027) |
HIGH |
| ATO |
Guide |
FY2026 capital expenditure plan |
UNCHANGED |
reaffirm ~$4.2B vs. cons ~$4.2B (FY2026) |
HIGH |
| ATO |
Return |
Day-1 residual (stock − beta × S&P 500) |
+1.3% |
— |
MEDIUM |
| ATO |
Return |
5-day cumulative residual |
+1.0% (STABILIZE) |
A modest Q3 beat plus a high-end guidance narrowing on strong summer Waha spreads supports a small positive day-1 residual for this beaten-down, low-beta defensive name. Over 5 days the pop largely stabilizes: because management frames H2 as 'evenly by quarter,' a Q3 beat mechanically pulls implied Q4 estimates lower unless the full-year is raised, capping follow-through. Net FY26/FY27 revisions are only modestly higher (higher Waha base offset by out-period math and 'clean rebase, no further rebasing' framing), so gains hold but don't compound. |
MEDIUM |