Atmos Energy Corporation Establishes Fiscal 2009 Guidance; Reaffirms Fiscal 2008 Guidance
October 01 2008 - 8:00AM
Business Wire
Atmos Energy Corporation (NYSE: ATO) today announced its fiscal
2009 guidance in the range of $2.05 to $2.15 per fully diluted
share, consistent with its goal of growing earnings, on average,
between 4 percent to 6 percent each year. For fiscal 2008, the
range remains unchanged at $1.95 to $2.05 per fully diluted share.
Guidance for both periods excludes any material mark-to-market
impact at the end of each fiscal year. Capital expenditures for
fiscal 2009 are expected to range from $510 million to $525
million. Operating and maintenance expense is expected to range
from $480 million to $490 million in fiscal 2009. The average
number of shares outstanding in fiscal 2009 is expected to be
between 91 million and 92 million. The Company will webcast its
analyst meeting today from 12:00 to 1:15 p.m. ET in New York City,
at which the company�s leadership will discuss the company�s
financial and operating performance, including projected
performance and earnings guidance for fiscal 2009. Interested
parties may listen to the webcast live, as well as view the
accompanying slide presentation, via the Analyst Meeting webcast
link on Atmos Energy�s Web site at www.atmosenergy.com. For those
unable to access the live webcast, the presentation will be
archived on the Company�s Web site until November 12, 2008.
Forward-Looking Statements The statements in this news release
concerning earnings guidance and projected financial and operating
performance are �forward-looking statements� within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. All statements other than
statements of historical fact included in this news release are
forward-looking statements made in good faith by the company and
are intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of
1995. When used in this news release or in any of the company�s
other documents or oral presentations, the words �anticipate,�
�believe,� �estimate,� �expect,� �forecast,� �goal,� �intend,�
�objective,� �plan,� �projection,� �seek,� �strategy� or similar
words are intended to identify forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from those
discussed in this news release, including the risks and
uncertainties relating to regulatory trends and decisions, the
company�s ability to continue to access the capital markets and the
other factors discussed in the company�s SEC filings. These factors
include the risks and uncertainties discussed in the company�s
Annual Report on Form 10-K for the fiscal year ended September 30,
2007, and in the company�s Quarterly Report on Form 10-Q for the
three and nine months ended June 30, 2008. Although the company
believes these forward-looking statements to be reasonable, there
can be no assurance that they will approximate actual experience or
that the expectations derived from them will be realized. The
company undertakes no obligation to update or revise
forward-looking statements, whether as a result of new information,
future events or otherwise. About Atmos Energy Atmos Energy
Corporation, headquartered in Dallas, is the country�s largest
natural-gas-only distributor, serving about 3.2 million natural gas
distribution customers in more than 1,600 communities in 12 states
from the Blue Ridge Mountains in the East to the Rocky Mountains in
the West. Atmos Energy also provides natural gas marketing and
procurement services to industrial, commercial and municipal
customers primarily in the Midwest and Southeast and manages
company-owned natural gas pipeline and storage assets, including
one of the largest intrastate natural gas pipeline systems in
Texas. Atmos Energy is a Fortune 500 company. For more information,
visit www.atmosenergy.com.
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