Atmos Energy
Atmos Energy Corporation is a leading natural gas-only distributor and pipeline operator in the United States. The company delivers natural gas to millions of residential, commercial, and industrial customers across eight states, primarily in the South. Its core value proposition centers on the safe, reliable delivery of energy through a modernized infrastructure and a regulatory strategy designed to minimize investment lag.
Financials
Based on Q1 2026 · FQ2 FY2026 filing
Revenue
View metricGross Profit
View metricNet Income
View metricOperating Cash Flow
View metricFree Cash Flow
View metricEPS (Diluted)
View metricBusiness Segments
Distribution
primaryRegulated natural gas distribution and related sales operations across eight states, serving residential, commercial, public authority, and industrial customers.
Natural Gas Sales, Natural Gas Transportation, Purchased Gas Cost Adjustment Mechanisms, Weather Normalization Adjustment (WNA) Mechanisms
Residential, Commercial, Public Authority, Industrial
Pipeline and Storage
majorManagement of one of the largest intrastate pipeline systems in Texas and transmission operations in Louisiana, providing transportation and storage services to internal and external customers.
Natural Gas Transportation Services, Underground Storage Services, Asset Management Plans
Local Distribution Companies, Industrial Customers, Electric Generation Customers, Marketers, Producers
Segment Financials
Distribution segment — Operating revenues
View metricDistribution segment — Purchased gas cost
View metricGas sales revenues — Revenues from contracts with customers
View metricPipeline and storage segment — Operating revenues
View metricPipeline and storage segment — Operation and maintenance expense
View metricPipeline and storage segment — Payments to Acquire Productive Assets
View metricBusiness Overview
Competitive Position
Atmos Energy holds a dominant position as a regulated monopoly in its distribution service areas, supported by extensive intrastate pipeline assets in the Permian Basin and Barnett Shale regions.
Geographies
Texas, Kentucky, Tennessee, Virginia, Louisiana, Mississippi, Colorado, Kansas
Customer Segments
Residential, Commercial, Industrial, Public Sector
Upstream Dependencies
Independent Natural Gas Producers, Energy Marketers, Interstate Pipeline Companies, Underground Storage Facilities
Downstream Customers
Residential Homeowners, Commercial Businesses, Industrial Manufacturers, Electric Power Generators
Competitors & Partners
Competitors
Partners
ARM Energy Management LLC
Natural gas supplier
ConocoPhillips
COP
Natural gas supplier
Targa Resources
TRGP
Natural gas supplier
Tenaska Marketing Ventures
Natural gas supplier
Subsidiaries
Atmos Pipeline-Texas
Intrastate pipeline and storage division
Atmos Energy FAQ
Common questions about Atmos Energy
Atmos Energy Corporation is a leading natural gas-only distributor and pipeline operator in the United States. The company delivers natural gas to millions of residential, commercial, and industrial customers across eight states, primarily in the South. Its core value proposition centers on the safe, reliable delivery of energy through a modernized infrastructure and a regulatory strategy designed to minimize investment lag.
Atmos Energy (ATO) has a market capitalization of $29.8B and trades on NYSE.
Atmos Energy generated $4.9B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 27.6%, with free cash flow of -$2.0B. These figures are based on the Q1 2026 filing.
Atmos Energy's key competitors include CenterPoint Energy, ONEOK, Enterprise Products Partners, and others. These companies compete in similar markets and product categories.
Atmos Energy has approximately 5,019 employees.