# Atmos Energy Corporation (ATO)

**Exchange:** NYSE  
**Sector:** Utilities  
**Market cap:** $27.29B  
**Price:** $169.96 (+1.03%)

> 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 | $7.46 |
| 2024 | $4.17B | — | $1.36B | $1.04B | $6.83 |
| 2023 | $4.28B | $2.82B | $1.07B | $886M | $6.10 |
| 2022 | $4.20B | $2.52B | $921M | $774M | $5.60 |
| 2021 | $3.41B | $2.37B | $905M | $666M | $5.12 |
| 2020 | $2.82B | $2.16B | $824M | $601M | $4.89 |
| 2019 | $2.90B | $2.04B | $746M | $511M | $4.35 |
| 2018 | $3.12B | $1.95B | $723M | $603M | $5.43 |
| 2017 | $2.76B | — | $728M | $396M | $3.73 |
| 2016 | $2.45B | $1.74B | $668M | $350M | $3.38 |
| 2015 | — | $1.68B | $631M | $315M | $3.09 |
| 2014 | — | $1.58B | $611M | $290M | $2.96 |
| 2013 | — | $1.41B | $502M | $243M | $2.64 |
| 2012 | — | $1.32B | $446M | $217M | $2.37 |
| 2011 | — | $1.33B | $442M | $208M | $2.27 |

## 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 |
| 2015 | $9.09B | — | $3.19B | $29M | $2.46B |
| 2014 | $8.59B | — | $3.09B | $42M | $2.46B |
| 2013 | $7.94B | — | $2.58B | $66M | $2.46B |
| 2012 | $7.50B | — | $2.36B | $64M | $1.96B |
| 2011 | $7.28B | — | $2.26B | $131M | $2.21B |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $2.05B | $3.56B | -$1.51B |
| 2024 | $1.73B | $2.94B | -$1.20B |
| 2023 | $3.46B | $2.81B | $654M |
| 2022 | $978M | $2.44B | -$1.47B |
| 2021 | -$1.08B | $1.97B | -$3.05B |
| 2020 | $1.04B | $1.94B | -$898M |
| 2019 | $969M | $1.69B | -$725M |
| 2018 | $1.12B | $1.47B | -$343M |
| 2017 | $867M | $1.14B | -$270M |
| 2016 | $795M | $1.09B | -$292M |
| 2015 | $812M | $975M | -$139M |
| 2014 | $733M | $835M | -$95M |
| 2013 | $613M | $845M | -$232M |
| 2012 | $587M | $733M | -$146M |
| 2011 | $583M | $623M | -$40M |

Source: [DividendWall](https://dividendwall.com/company/ATO)