Income StatementBalance SheetCash FlowSegments
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Atmos Energy Cash Flow Statement

Operating, investing, and financing cash movements

Atmos Energy generated $1.9B in operating cash flow over the trailing twelve months. After $3.9B in capital expenditures, free cash flow was -$2.0B. Free cash flow decreased 0.4% year-over-year. Based on the Q1 2026 filing.

Net Cash From Operating (TTM)$1.9BNet Cash From Investing (TTM)-$3.9BNet Cash From Financing (TTM)$1.6BCapital Expenditures (TTM)$3.9BDepreciation And Amortization Cf (TTM)$761.8MNet Change In Cash (TTM)-$418.0M
Latest FilingQ1 2026
Report Date2026-05-06
Market Cap$29.8B
P/E Ratio22.14
ROE9.6%

Operating

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Allowance for equity funds used during construction$18.9M$18.9M$18.9M$18.9M——
Amortization of debt issuance costs-$3.7M-$3.7M-$3.7M-$3.7M——
Change in accounts payable$7.9M$7.9M$7.9M$7.9M——
Change in accounts receivable$354.3K$354.3K$354.3K$354.3K——
Change in inventories$562.0K$562.0K$562.0K$562.0K——
Change in other assets$52.8M$52.8M$52.8M$52.8M——
Change in other current assets-$4.9M-$4.9M-$4.9M-$4.9M——
Change in other liabilities$11.6M$11.6M$11.6M$11.6M——
Other working capital changes$304.1M——-$45.8M$366.3M$173.7M
Deferred income taxes$71.1M$99.9M$43.6M$54.0M$93.0M$135.4M
Depreciation and amortization$180.5M$182.8M$185.8M$185.7M$194.6M$195.7M
Net cash from operating activities$282.0M$922.9M$496.4M$348.1M$308.1M$723.5M
Net income$351.9M$485.6M$186.4M$174.9M$403.0M$581.9M
Stock-based compensation$3.2M$3.2M$3.2M$3.2M——

Investing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Capital expenditures$891.2M$839.7M$866.9M$963.6M$1.0B$1.0B
Investments in unconsolidated affiliates$490.0K-$1.2M$3.1M—$4.5M$789.0K
Net cash from investing activities-$888.9M-$828.6M-$876.1M-$967.6M-$1.0B-$1.0B
Other investing activities-$2.7M-$9.9M——-$2.2M-$4.3M
Proceeds from maturities/sales of investments$5.7M$5.7M$5.7M$5.7M——
Purchases of investments$8.6M$8.6M$8.6M$8.6M——

Financing

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Proceeds from issuance of debt$645.4M—$498.1M—$596.5M—
Repayments of debt$0.0$0.0——$10.0M—
Dividends paid$135.5M$138.4M$138.4M$141.4M$160.4M$164.1M
Repayments of Long-Term Securitized Debt———$4.0M——
Net cash from financing activities$887.5M$0.0$548.2M$109.7M$895.3M$32.2M
Payment of debt issuance costs$6.0M$0.0$4.2M$244.0K$5.5M—
Proceeds from issuance of common stock$379.5M$0.0$189.1M$129.9M$472.0M$199.6M

Free Cash Flow

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Free cash flow-$609.2M$0.0-$370.6M-$615.5M-$725.3M-$280.1M

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net increase (decrease) in cash$280.6M-$44.3M$168.5M-$509.8M$167.7M-$244.4M