What is Atmos Energy's purchased gas cost?

Atmos Energy (ATO) reported purchased gas cost of $667.32M in Q1 2026.

How has Atmos Energy's purchased gas cost changed year-over-year?

Atmos Energy's purchased gas cost decreased by 14.4% year-over-year, from $779.23M to $667.32M.

What does purchased gas cost mean?

Represents the direct costs incurred to acquire the natural gas commodity that is subsequently sold to end-use customers. This cost is often subject to pass-through mechanisms in regulated utility environments, meaning it is largely recovered from customers. It reflects the volatility of commodity markets and the company's procurement efficiency.

Atmos Energy ATO Purchased gas cost

Purchased gas cost at other companies

CNX ResourcesCNX

$12.25M+9.3%

MTD

Matador ResourcesMTDR

$42.34M-21.8%

WEC Energy GroupWEC

$941.2M+21.4%

MDU Resources GroupMDU

$239.39M-24.5%

MDU Resources GroupMDU

$0—

BKH

Black HillsBKH

$337.9M-6.1%

Segments

By segment

See full

Distribution segment$870.91M-10.1%

Pipeline and storage segment$721K-25.5%

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$723.5M-21.6%

CapEx$1.0B+19.5%

Free cash flow-$280.1M—

Valuation

See full

Market cap$29.72B+18.6%

Enterprise value$39.32B+17.8%

P/E22.1×+0.4×

P/S6.1×+0.7×

Profitability

See full

Gross margin75.1%+15.5pp

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 ratio1×-0.3×

Where this comes from

Reported directly by Atmos Energy in its filing.

Tagged under the XBRL concept ato:CostOfRevenueNet.

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 purchased gas cost?: Atmos Energy (ATO) reported purchased gas cost of $667.32M in Q1 2026.
How has Atmos Energy's purchased gas cost changed year-over-year?: Atmos Energy's purchased gas cost decreased by 14.4% year-over-year, from $779.23M to $667.32M.
What does purchased gas cost mean?: Represents the direct costs incurred to acquire the natural gas commodity that is subsequently sold to end-use customers. This cost is often subject to pass-through mechanisms in regulated utility environments, meaning it is largely recovered from customers. It reflects the volatility of commodity markets and the company's procurement efficiency.