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Atmos Energy ATO Distribution segment — Alternative revenue program revenues

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Other financials

Income statement

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Revenue$2.0B+0.6%
Gross profit$1.2B+14.5%
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

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Market cap$29.24B+17.7%
Enterprise value$38.84B+17.1%
P/E21.7×+0.3×
P/S+0.6×

Profitability

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Gross margin75.1%+15.5pp
Operating margin35.9%+2.6pp
Net margin27.6%+2.2pp
FCF margin-40.8%+19.0pp

Returns & leverage

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

Where this comes from

Reported directly by Atmos Energy in its filing.

Tagged under the XBRL concept ato:AlternativeRevenueProgramRevenues.

The official record: Atmos Energy’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Atmos Energy's distribution segment — alternative revenue program revenues?
Atmos Energy (ATO) reported distribution segment — alternative revenue program revenues of $77.18M in Q1 2026.
How has Atmos Energy's distribution segment — alternative revenue program revenues changed year-over-year?
Atmos Energy's distribution segment — alternative revenue program revenues increased by 483.7% year-over-year, from -$20.12M to $77.18M.
What is the long-term trend for Atmos Energy's distribution segment — alternative revenue program revenues?
Over 4 years (2021 to 2025), Atmos Energy's distribution segment — alternative revenue program revenues has grown at a 37.8% compound annual growth rate (CAGR), from -$13.67M to $49.22M.
What does distribution segment — alternative revenue program revenues mean?
This represents revenue recognized under specific regulatory programs that allow utilities to decouple earnings from sales volume or recover costs through alternative rate mechanisms. These programs are designed to stabilize utility cash flows by adjusting rates based on weather, conservation efforts, or other regulatory mandates.