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Atmos Energy

ATO

Atmos Energy Corporation is a leading natural gas-only distributor and pipeline operator in the United States.

Market cap
$29.56B+22.2%
Revenue$4.9B+8.8%
Net income$1.3B+18.4%
Free cash flow-$2.0B-43.4%
EPS (diluted)$8.13+13.4%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 5, 2026 (In 3 weeks)
Revenue estimate$911.3M
EPS estimate$1.37

Financials

Q2 2026

Income statement

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Revenue$2.0B+0.6%
Operating income$764.8M+21.6%
Net income$581.9M+19.8%
EPS (diluted)$3.47+14.5%

Balance sheet

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Cash & equivalents$127.1M-76.7%
Total debt$9.7B+13.9%
Total equity$14.9B+13.5%
Total assets$30.4B+12.6%

Cash flow

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Operating cash flow$723.5M-21.6%
CapEx$1.0B+19.5%
Free cash flow-$280.1M

Valuation & ratios

Valuation

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Market cap$29.56B+22.2%
Enterprise value$39.16B+20.4%
P/E22×+1.1×
P/S6.1×+0.8×

Profitability

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Operating margin35.9%+2.6pp
Net margin27.6%+2.2pp
FCF margin-40.8%+19.0pp

Returns & leverage

See full
Return on equity9.6%+0.4pp
Debt / equity0.7×0.0×
Current ratio-0.3×

Segments

By product

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Gas sales revenues$1.7B-5.6%
Transportation revenues$363.1M+17.2%
Miscellaneous revenues$6.8M-19.7%

By segment

See full
Distribution segment$1.9B-1.1%
Pipeline and storage segment$322.1M+19.0%

Competitors

Profile

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.

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.

GeographiesTexas, Kentucky, Tennessee, Virginia, Louisiana, Mississippi, Colorado, Kansas
Customer segmentsResidential, Commercial, Industrial, Public Sector
Business modelRegulated Utility, Infrastructure-as-a-Service, Cost-plus Ratemaking
SuppliersIndependent Natural Gas Producers, Energy Marketers, Interstate Pipeline Companies, Underground Storage Facilities
CustomersResidential Homeowners, Commercial Businesses, Industrial Manufacturers, Electric Power Generators
Listed1983
Employees5.0K
CEOJohn Kevin Akers
SectorUtilities
FilingsSEC EDGAR

Questions, answered.

What is Atmos Energy's market cap?
Atmos Energy (ATO) has a market capitalization of $29.6B and trades on NYSE.
What is Atmos Energy's revenue and profitability?
Atmos Energy generated $4.9B in trailing twelve-month revenue with net income of $1.3B, representing a net margin of 27.6%. Gross margin stands at 75.1%, with free cash flow of -$2.0B. These figures are based on the Q1 2026 filing.
Who are Atmos Energy's competitors?
Atmos Energy's key competitors include CenterPoint Energy, Enterprise Products Partners, ONEOK, and others. These companies compete in similar markets and product categories.
Who does Atmos Energy partner with?
Atmos Energy's notable partners include ARM Energy Management LLC, Cima Energy, LP, ConocoPhillips Company, and others.
What subsidiaries does Atmos Energy have?
Atmos Energy's subsidiaries include Atmos Pipeline-Texas.
Where is Atmos Energy headquartered?
Atmos Energy is headquartered in United States of America and employs approximately 5,019 people. It has been publicly traded since 1983.