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NYSE · NATURAL GAS DISTRIBUTION · LARGE CAP

Atmos Energy Corp. ATO

18 fiscal years on record · USD · FY2025 reported · SEC filings only
17 YEARS OF DIVIDEND GROWTH
$4.7B
▲ 12.9% YoY
$1.2B
▲ 14.9% YoY
$-1.5B

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Atmos Energy operates in its service areas under non-exclusive franchise agreements granted by the cities and towns it serves, holding 1,010 franchises as of September 30, 2025, with terms generally ranging from five to 35 years. At September 30, 2025, Atmos Energy had 5,487 employees; as of December 31, 2024, the last date for which information was available, 62 percent of its employees worked in field roles and 38 percent worked in support/shared services roles. Atmos Energy estimates its peak-day availability of natural gas supply at approximately 5.4 Bcf; the peak-day demand for its distribution operations in fiscal 2025 occurred on February 19, 2025, when sales to customers reached approximately 4.2 Bcf. Atmos Energy manages and reviews its consolidated operations through two reportable segments: the distribution segment, comprised of its regulated natural gas distribution and related sales operations in eight states, and the pipeline and storage segment, comprised primarily of the regulated pipeline and storage operations of its Atmos Pipeline-Texas division and its natural gas transmission operations in Louisiana.

Written from the business description in Atmos Energy Corp's annual report to the U.S. Securities and Exchange Commission, filed 14 November 2025. Every sentence was checked against that document before publication.

Growth

USD 4.7B
Revenue, FY2025 · full 18-year series below
Revenue $B Net income $B
FY2025 · Revenue 4.7 · Net income 1.2
2B4B
2008201120142017202020232025
Compound annual growth
+3.8%
+10.8%
+4.9%
+0.1%
+15.7%
+14.8%
+14.3%
+12.5%
+10.0%
+8.8%
+9.2%
+8.5%
+8.6%
+8.6%
+8.4%
+6.6%
+13.8%
+14.4%
+13.2%
+10.5%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +10.8% a year over the five years to FY2025 — but profit grew faster: net income at +14.8%, earnings per share at +8.8%.

The share count rose from 0.13B to 0.16B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

25 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 33.2% · Net 25.5%
10%20%30%
200820162025
ROE
FY2025 · ROE 9.3%
5%10%
200820162025
Three returns, three denominators.
Gross margin·
Operating margin33.2%
Net margin25.5%
EBITDAUSD 2.3B

Each USD of equity produced 9 cents of profit this year.

Cash & shareholders

USD 553.8M
returned in FY2025 · dividends + net buybacks
Free cash flow $B
FY2025 · FCF -1.5
0.25B0.50B-1.50B-3.00B
200820162025
Net buybacks $M Dividends $M
FY2025 · Dividends 553.8 · Net buybacks ·
200M400M
2008201120142017202020232025
Dividends paidUSD 553.8M
Net buybacks·
Share of profit46.2%
Consecutive raises17 years

USD 553.8M in dividends — 46% of the year's profit went back to shareholders.

Total assetsUSD 28.2B
EquityUSD 13.6B
CashUSD 202.7M
Gross debtUSD 8.9B
Net debtUSD 8.7B
Current ratio0.77×

Net debt stands at 64% of equity.

The 18-year record

18 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
ATO, 18-year financial record
Metric 202520242023202220212020201920182017201620152014201320122011201020092008
Revenue $B4.74.24.34.23.42.82.93.12.82.52.94.93.93.44.34.74.9◌
Operating income $B1.61.41.10.90.90.80.70.70.70.70.60.60.50.40.40.50.40.4
EBITDA $B2.32.01.71.51.41.31.11.11.11.00.9◌◌◌◌◌◌◌
Income tax $B0.30.20.10.10.20.10.10.00.20.20.20.20.10.10.10.10.10.1
Net income $B1.21.00.90.80.70.60.50.60.40.40.30.30.20.20.20.20.20.2
Free cash flow $B−1.5−1.20.7−1.5−3.1−0.9−0.7−0.3−0.3−0.3−0.2−0.1−0.2−0.1−0.00.20.4−0.1
EPS, diluted $7.466.836.105.605.124.894.355.433.733.383.092.962.642.372.272.202.07◌
Dividend / sh $3.483.222.962.722.502.302.101.941.801.681.561.481.401.381.361.341.32◌
Payout %464749494947483648505150535860606465
ROE %9.39.18.78.99.19.69.713.910.810.510.010.29.89.49.49.59.08.8
Shares out B0.160.160.150.140.130.130.120.110.11◌◌◌◌◌◌◌◌◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

Compare

This company against its peers

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Provenance

Company facts, as filed

How we verify · 0 failures in 70 reconciliationsAUDITED

Reconciled in 18 of the 18 fiscal years we could check. Four checks were skipped: the balance sheet is not tagged before 2009. Two checks were skipped: revenue is not tagged before 2009. One check was skipped: EPS is not tagged before 2008.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityNatural Gas Distribution
Listed onNYSE
Incorporated inTexas
Fiscal year endsSeptember 30
Data on record since2008

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