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Atmos Energy ATO Pipeline and storage segment — Alternative revenue program revenues

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NFGPipeline and Storage — Alternative Revenue Programs
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AVARevenue From Alternative Revenue Programs
$23M+388%
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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 pipeline and storage segment — alternative revenue program revenues?
Atmos Energy (ATO) reported pipeline and storage segment — alternative revenue program revenues of -$32.84M in Q1 2026.
How has Atmos Energy's pipeline and storage segment — alternative revenue program revenues changed year-over-year?
Atmos Energy's pipeline and storage segment — alternative revenue program revenues decreased by 178.9% year-over-year, from -$11.77M to -$32.84M.
What is the long-term trend for Atmos Energy's pipeline and storage segment — alternative revenue program revenues?
Over 4 years (2021 to 2025), Atmos Energy's pipeline and storage segment — alternative revenue program revenues has grown at a 30.1% compound annual growth rate (CAGR), from -$23.21M to -$66.46M.
What does pipeline and storage segment — alternative revenue program revenues mean?
Revenue generated through specific regulatory programs that allow the utility to recover costs or earn incentives outside of traditional volumetric rate structures. These programs are designed to decouple revenue from gas throughput, providing stability in earnings regardless of weather or usage fluctuations.