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| Statement |
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| I think our team's done a good job of identifying opportunities throughout the years and executing on those projects, but also very proud of our product |
| Obviously, we have folks out on the system ensuring reliability this past winter storm with Heather, which I think we did an exceptional job of continuing to serve our customers out there in that historic winter storm |
| So we have that mechanism with good organic growth |
| Finally, operating income was favorably impacted by a legislative change in Texas to reduce property tax expenses |
| So very proud of what we continue to do as an industry |
| So again, very proud of natural gas and what it does |
| So we're very proud of our systems, what we do, our relationships, our execution on that |
| Improving our infrastructure, that's what allows us to be able to serve during these historic periods when they come in |
| Effective April of 2022, we will now recur these costs for purchased gas cost mechanism over 24-month period, which will benefit our customers |
| This growing demand from all of our customer classes demonstrates the value and vital role natural gas plays in economic development across our service territories |
| Commercial customer growth remained solid as well with over 1,000 commercial customers connecting to the system during the first quarter |
| I think we did an exceptional job with this winter storm |
| Our customer support associates and service technicians continued their exceptional customer service and once again received a 98% satisfaction rating from customers during the first quarter |
| And again, we continue to see good diversified growth across the territory, particularly on the industrial side, with those 11 that we added this previous quarter, coming from fertilizer industry, vegetable oils, concrete, asphalt plants, a good mixture of a lot of things across all eight states |
| In APT, we completed several projects that will enhance the safety, reliability, versatility and supply diversification of our system and support the continued growth we are seeing in the local distribution companies behind APT system |
| Kevin Akers Yes, as I said at our opening, very proud of all 5000 Atmos Energy employees |
| The execution of our operational, financial and regulatory plans by our employees positions us well to sustain our success |
| Consolidated operating income increased to $399 million or 24% in the first quarter |
| It sounds like you’ve continued to see strong customer additions in the quarter |
| Hope you’re doing well |
| I want to begin today's call by thanking all 5,000 Atmos Energy employees for their exceptional effort and dedication to serving our customers under very challenging weather conditions recently |
| In closing, we are off to a good start for the fiscal year |
| We continue to expect fiscal 2024 earnings per share to be in the range $6.45 and $6.65 per share, inclusive of the favorable impact of the property tax legislation changes in Texas |
| As Kevin mentioned, our fiscal 2024 first quarter earnings per share was $2.08, which represents an 8.9% increase over the $1.91 per share reported in the prior year quarter |
| Our first quarter results reflect that effort, dedication and focus as we continue modernizing our natural gas distribution, transmission and storage systems on our journey to be the safest provider of natural gas services |
| Residential commercial customer growth, combined with higher industrial loads increased operating income by an additional $6 million |
| This financing provides the necessary funding for our operations, while maintaining the strength of our balance sheet and overall financial profile |
| Our 22-mile 36-inch line PC supports the current demand and forecasted growth to the north of Austin in both Williamson and Travis Counties located in Texas as well as increases supply diversity in this service area |
| Texas once again added jobs at a faster rate than the nation over the last 12 months, adding nearly 370,000 jobs in calendar 2023, representing a 2.7% annual growth rate |
| We continue to grow at close to 2% or above 2%, particularly in our Mid-Tex Division there |
| Statement |
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| The incident occurred at a Jackson, Mississippi residents on January 24 and resulted in one fatality |
| Before I turn the call over to Chris, I want to comment on an incident that the National Transportation Safety Board is investigating |
| O&M decreased an additional $5 million, primarily due to the timing of in-line inspection work at APT that we highlighted last fiscal year |
| So we think that’ll definitely impact housing, which is already low on an existing home sale on the current market basis |
| Just seen some media headlines around debris removal |
| I know that this inflation conversation is impacting over your peers |
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