Atmos Power Corp. has reported a web revenue of $311.3 million for the primary quarter of fiscal 12 months 2024, up from $271.8 million for the corresponding quarter of the earlier fiscal 12 months.
The corporate stated in a media launch that it had spent $769.7 million in annual capital with roughly 82 % targeted on security and reliability, in comparison with a capital expenditure of $795.6 million a 12 months prior.
Trying ahead, Atmos Power reaffirmed its anticipated earnings steerage per diluted share within the vary of $6.45–$6.65, up from $6.10 a 12 months prior. This may bump up Atmos’ web revenue for FY2024 to anyplace between $985 million and $1.0 billion, it stated. Fiscal 2024 capital expenditures are anticipated to be roughly $2.9 billion, some $100 million above the earlier 12 months’s spending.
The corporate’s board of administrators has elevated Atmos’ quarterly dividend 8.8 % to $0.805 per widespread share. The indicated annual dividend for fiscal 2024 is $3.22.
“Our first quarter outcomes mirror the continued execution of our confirmed technique by all of our 5,000 devoted workers of working safely and reliably whereas we modernize our pure gasoline distribution, transmission, and storage techniques”, stated Kevin Akers, president and chief govt.
“This technique, together with our workers’ continued concentrate on our imaginative and prescient to be the most secure supplier of pure gasoline providers, continues to learn our prospects, our communities, and it positions us to proceed delivering annual earnings per share development within the six to eight % vary”, Akers concluded.
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