ATMOS ENERGY CORP ATO

Utilities SIC 4924 - Natural Gas Distribution NAICS Utilities › Natural Gas Distribution derived NYSE

Atmos Energy Corporation, a natural gas-only distributor, is an S&P 500 company headquartered in Dallas and incorporated in Texas and Virginia. We safely deliver reliable, efficient, and abundant natural gas through regulated sales and transportation arrangements to approximately 3.4 million residential, commercial, public authority, and industrial customers in eight states located primarily in the South. We also operate one of the largest intrastate pipelines in Texas based on miles of pipe.

Atmos Energy's vision is to be the safest provider of natural gas services. We will be recognized for exceptional customer service, for being a great employer, and for achieving superior financial results.

Last close 172.21 2026-10-23
Market cap $29.10B 2026-06-30 share count
52-week range 154.72 - 192.51

Valuation FY2025 figures against the last close

P/S6.2x
P/E23.1x
P/FCF—
EV/EBITDA12.7x
Dividend yield1.9%
Diluted EPS7.46

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Distribution
  • Pipeline and Storage
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Distribution, FY2025: 4.4B (94.0%) 94% Distribution Pipeline and Storage, FY2025: 280.4M (6.0%) 6% FY2024 Distribution, FY2024: 3.9B (93.9%) 94% Pipeline and Storage, FY2024: 253.1M (6.1%) 6% FY2023 Distribution, FY2023: 4.1B (95.8%) 96% Pipeline and Storage, FY2023: 178.7M (4.2%) 4%
Segment FY2025FY2024FY2023
Distribution $4.42B $3.91B $4.10B
Pipeline and Storage $280.4M $253.1M $178.7M

As the company reported it, from the “Revenue and Accounts Receivable - Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.70B$4.17B$4.28B$4.20B$3.41B$2.82B$2.90B$3.12B$2.76B$2.45B
Cost of revenue ——$1.45B$1.68B$1.03B$658.9M$858.8M$1.17B——
Gross profit ——$2.82B$2.52B$2.37B$2.16B$2.04B$1.95B—$1.71B
Total operating expenses —————————$1.05B
Operating income $1.56B$1.36B$1.07B$921.0M$905.0M$824.1M$746.1M$727.9M$735.6M$657.2M
Interest expense $171.7M$190.6M$137.3M$102.8M$83.6M$84.5M$103.2M$106.6M$120.2M$114.8M
Pre-tax income $1.48B$1.24B$999.6M$851.9M$819.3M$746.8M$650.3M$611.1M$604.1M$542.2M
Income tax $279.3M$192.9M$113.8M$77.5M$153.7M$145.4M$138.9M$8.1M$221.4M$196.6M
Net income $1.20B$1.04B$885.9M$774.4M$665.6M$601.4M$511.4M$603.1M$396.4M$350.1M
EPS, basic 7.546.836.105.615.124.894.365.433.733.38
EPS, diluted 7.466.836.105.605.124.894.355.433.733.38
Shares, diluted (wtd. avg.) 160.6M152.7M145.2M138.1M129.8M122.9M117.5M111.0M106.1M103.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $202.7M$307.3M$19.2M$51.6M$116.7M$20.8M$24.6M$13.8M$26.4M$47.5M
Receivables $375.5M$365.9M$328.7M$363.7M$343.0M$230.6M$230.6M$253.3M$222.3M$215.9M
Total current assets $1.05B$1.13B$885.8M$3.05B$2.84B$471.3M$458.0M$478.9M$539.6M$681.7M
Goodwill $731.3M$731.3M$731.3M$731.3M$731.3M$731.3M$730.7M$730.4M$730.1M$727.0M
Other intangibles $75.1M$82.8M$92.2M$0——————
Total assets $28.25B$25.19B$22.52B$22.19B$19.61B$15.36B$13.37B$11.87B$10.75B$10.01B
Accounts payable $506.5M$445.4M$336.1M$496.0M$423.2M$235.8M$265.0M$217.3M$233.1M$196.5M
Short-term debt —$0$241.9M$185.0M$0$0$464.9M$575.0M$0$250.0M
Total current liabilities $1.36B$1.21B$1.35B$3.60B$3.51B$782.4M$1.21B$1.92B$1.01B$1.79B
Long-term debt ——————$3.53B$2.49B$3.07B$2.19B
Retained earnings $4.86B$4.22B$3.67B$3.21B$2.81B$2.47B$2.15B$1.88B$1.47B$1.26B
Total equity $13.56B$12.16B$10.87B$9.42B$7.91B$6.79B$5.75B$4.77B$3.90B$3.46B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.05B$1.73B$3.46B$977.6M-$1.08B$1.04B$968.8M$1.12B$867.1M$795.0M
Depreciation and amortisation $734.7M$670.0M$604.3M$535.7M$478.0M$429.8M$391.5M$361.1M$319.6M$293.1M
Stock-based compensation $12.7M$10.7M$10.2M$10.7M$11.3M$9.6M$11.1M$12.9M$14.1M$14.8M
Capital expenditure $3.56B$2.94B$2.81B$2.44B$1.97B$1.94B$1.69B$1.47B$1.14B$1.09B
Investing cash flow -$3.56B-$2.92B-$2.80B-$2.43B-$1.96B-$1.93B-$1.68B-$1.46B-$1.06B-$1.08B
Financing cash flow $1.41B$1.48B-$696.8M$1.39B$3.14B$883.8M$725.7M$326.3M$168.1M$303.6M
Dividends paid $553.8M$492.9M$430.3M$375.9M$323.9M$282.4M$245.7M$214.9M$191.9M$175.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000731802-25-000056.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2B 4B 6B Revenue, FY2016: 2.5B Gross profit, FY2016: 1.7B Net income, FY2016: 350.1M Revenue, FY2017: 2.8B Net income, FY2017: 396.4M Revenue, FY2018: 3.1B Gross profit, FY2018: 1.9B Net income, FY2018: 603.1M Revenue, FY2019: 2.9B Gross profit, FY2019: 2B Net income, FY2019: 511.4M Revenue, FY2020: 2.8B Gross profit, FY2020: 2.2B Net income, FY2020: 601.4M Revenue, FY2021: 3.4B Gross profit, FY2021: 2.4B Net income, FY2021: 665.6M Revenue, FY2022: 4.2B Gross profit, FY2022: 2.5B Net income, FY2022: 774.4M Revenue, FY2023: 4.3B Gross profit, FY2023: 2.8B Net income, FY2023: 885.9M Revenue, FY2024: 4.2B Net income, FY2024: 1B Revenue, FY2025: 4.7B Net income, FY2025: 1.2B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $2.45B $2.76B $3.12B $2.90B $2.82B $3.41B $4.20B $4.28B $4.17B $4.70B
Gross profit $1.71B — $1.95B $2.04B $2.16B $2.37B $2.52B $2.82B — —
Net income $350.1M $396.4M $603.1M $511.4M $601.4M $665.6M $774.4M $885.9M $1.04B $1.20B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Material agreement signed Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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OGS ONE Gas, Inc. $4.90B 17.8x —
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