Non-Current Assets

Construction work in progress

Atmos Energy Construction work in progress increased by 16.1% to $1.24B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 16.1%, from $1.06B to $1.24B. Over 5 years (FY 2020 to FY 2025), Construction work in progress shows an upward trend with a 24.2% CAGR.

Analysis

StatementBalance Sheet Statement
SectionNon-Current Assets
CategoryCapital Allocation
SignalContext dependent
VolatilityModerate
First reportedQ4 2022
Last reportedQ4 2024

How to read this metric

An increase suggests significant ongoing capital investment for future capacity expansion, while a decrease may indicate project completions or reduced infrastructure spending.

Detailed definition

Represents the total costs incurred for utility infrastructure projects, such as power plants and transmission lines, th...

Peer comparison

Common across all regulated utilities; peers with higher growth targets typically maintain higher WIP balances.

Metric ID: utility_construction_wip

Historical Data

5 periods
 Q3 '21Q3 '22Q3 '23Q3 '24Q3 '25
Value$626.55M$835.87M$939.93M$1.06B$1.24B
QoQ Change+33.4%+12.4%+13.2%+16.1%
YoY Change+33.4%+12.4%+13.2%+16.1%
Range$626.55M$1.24B
CAGR+97.2%
Avg YoY Growth+18.8%
Median YoY Growth+14.7%
Current Streak4+ quarters growth

Frequently Asked Questions

What is Atmos Energy's construction work in progress?
Atmos Energy (ATO) reported construction work in progress of $1.24B in Q3 2025.
How has Atmos Energy's construction work in progress changed year-over-year?
Atmos Energy's construction work in progress increased by 16.1% year-over-year, from $1.06B to $1.24B.
What is the long-term trend for Atmos Energy's construction work in progress?
Over 5 years (2020 to 2025), Atmos Energy's construction work in progress has grown at a 24.2% compound annual growth rate (CAGR), from $418.06M to $1.24B.
What does construction work in progress mean?
The total cost of utility infrastructure projects currently being built but not yet operational.