# Atmos Energy Corporation (ATO)

**Exchange:** NYSE  
**Sector:** Utilities

> Atmos Energy Corporation is a natural gas utility company that focuses on the distribution, transmission, and storage of natural gas in the United States. Headquartered in Dallas, Texas, it operates as a fully regulated, pure-play natural gas provider serving residential, commercial, industrial, and public-sector customers across multiple states, including large markets in Texas. The company’s core activities are organized into two primary segments: Distribution, which handles regulated natural gas delivery and related sales operations to end users, and Pipeline and Storage, which manages intrastate pipeline networks, storage facilities, and transmission services. Atmos Energy plays a central role in regional energy infrastructure by supplying fuel for heating, cooking, and industrial processes, as well as supporting power generation and large-scale gas transportation. As a regulated utility, it operates under state and local oversight, emphasizing system safety, reliability, and compliance while maintaining critical natural gas infrastructure that underpins everyday energy needs in its service territories.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $4.70B | — | $1.56B | $1.20B | — |
| 2024 | $4.17B | — | $1.36B | $1.04B | — |
| 2023 | $4.28B | $2.82B | $1.07B | $886M | — |
| 2022 | $4.20B | $2.52B | $921M | $774M | — |
| 2021 | $3.41B | $2.37B | $905M | $666M | — |
| 2020 | $2.82B | $2.16B | $824M | $601M | — |
| 2019 | $2.90B | $2.04B | $746M | $511M | — |
| 2018 | $3.12B | $1.95B | $728M | $603M | — |
| 2017 | $2.76B | — | $736M | $396M | — |
| 2016 | $2.45B | $1.74B | $657M | $350M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $28.25B | $14.69B | $13.56B | $203M | — |
| 2024 | $25.19B | $13.04B | $12.16B | $307M | — |
| 2023 | $22.52B | $11.65B | $10.87B | $15M | — |
| 2022 | $22.19B | $12.77B | $9.42B | $52M | — |
| 2021 | $19.61B | $11.70B | $7.91B | $117M | — |
| 2020 | $15.36B | $8.57B | $6.79B | $21M | — |
| 2019 | $13.37B | $7.62B | $5.75B | $25M | $3.53B |
| 2018 | $11.87B | $7.10B | $4.77B | $14M | $2.49B |
| 2017 | $10.75B | $6.85B | $3.90B | $26M | $3.07B |
| 2016 | $10.01B | $6.55B | $3.46B | $48M | $2.19B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.05B | — | — |
| 2024 | $1.73B | — | — |
| 2023 | $3.46B | — | — |
| 2022 | $978M | — | — |
| 2021 | -$1.08B | — | — |
| 2020 | $1.04B | — | — |
| 2019 | $969M | — | — |
| 2018 | $1.12B | — | — |
| 2017 | $867M | — | — |
| 2016 | $795M | — | — |
| 2015 | $812M | — | — |
| 2014 | $733M | — | — |
| 2013 | $613M | — | — |
| 2012 | $587M | — | — |
| 2011 | $583M | — | — |

Source: [CompaniesByCap](https://companiesbycap.com/company/ATO)