Atmos Energy Corp. (ATO) reported that its first-quarter net income was $93.3 million or $1.00 per share, compared to net income of $76.0 million or $0.83 per share, the prior-year quarter. Analysts polled by Thomson Reuters expected the company to report earnings of $0.91 per share for the quarter. Analysts' estimates typically exclude special items.
Atmos Energy continues to project fiscal 2010 earnings to be in the range of $2.15 to $2.25 per share, excluding any mark-to-market impact. Net income from regulated operations is expected to be in the range of $153 million to $159 million, and net income from nonregulated operations is expected to be in the range of $48 million to $52 million. Capital expenditures for fiscal 2010 are expected to range from $520 million to $535 million. Analysts expect the company to report earnings of $2.19 per share for fiscal 2010.
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