Discontinued — last reported Q1 '24
Purchased gas cost — Purchased gas cost
Atmos Energy Purchased gas cost — Purchased gas cost increased by 10613.5% to $338.87M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 54.1%, from $738.25M to $338.87M. Over 2 years (FY 2021 to FY 2023), Purchased gas cost — Purchased gas cost shows an upward trend with a 22.5% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in purchased gas costs often reflects higher market commodity prices or increased customer demand, while a decrease may signal lower market prices or reduced consumption. Because these costs are generally recovered through regulatory mechanisms, a significant rise may lead to higher customer bills and potential regulatory scrutiny regarding cost-recovery efficiency.
Detailed definition
This metric represents the total direct expenditure incurred by a natural gas utility to acquire the commodity from thir...
Peer comparison
This metric is highly comparable to 'Cost of Gas Sold' or 'Purchased Gas Expense' reported by other regulated natural gas distribution utilities, though variations exist based on whether the company includes pipeline transportation and storage fees within this line item.
ato_segment_purchased_gas_cost_purchased_gas_costHistorical Data
| Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$115.87M | $83.78M | $371.16M | $871.38M | $249.16M | $190.96M | $738.25M | $666.21M | -$161.3M | $3.16M | $338.87M |
| QoQ Change | — | +172.3% | +343.0% | +134.8% | -71.4% | -23.4% | +286.6% | -9.8% | -124.2% | +102.0% | >999% |
| YoY Change | — | — | — | — | +315.0% | +127.9% | +98.9% | -23.5% | -164.7% | -98.3% | -54.1% |
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Frequently Asked Questions
- What is Atmos Energy's purchased gas cost — purchased gas cost?
- Atmos Energy (ATO) reported purchased gas cost — purchased gas cost of $338.87M in Q4 2023.
- How has Atmos Energy's purchased gas cost — purchased gas cost changed year-over-year?
- Atmos Energy's purchased gas cost — purchased gas cost decreased by 54.1% year-over-year, from $738.25M to $338.87M.
- What is the long-term trend for Atmos Energy's purchased gas cost — purchased gas cost?
- Over 2 years (2021 to 2023), Atmos Energy's purchased gas cost — purchased gas cost has grown at a 22.5% compound annual growth rate (CAGR), from $829.98M to $1.25B.
- What does purchased gas cost — purchased gas cost mean?
- The total amount spent by the utility to purchase the natural gas that it subsequently sells and delivers to its customers.