Atmos EnergyATOEarnings & Financial Report
Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors, serving about three million natural gas distribution customers in over 1,400 communities in nine states from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.
Revenue
$1.2B
Gross Profit
$942.0M
Operating Profit
$459.5M
Net Profit
$351.9M
Gross Margin
80.1%
Operating Margin
39.1%
Net Margin
29.9%
YoY Growth
1.5%
EPS
$2.23
Atmos Energy Q1 FY2025 Financial Summary
Atmos Energy reported revenue of $1.2B (up 1.5% YoY) for Q1 FY2025, with a net profit of $351.9M (up 13.0% YoY) (29.9% margin). Cost of goods sold was $234.0M, operating expenses totaled $482.5M.
Key Financial Metrics
| Total Revenue | $1.2B |
|---|---|
| Net Profit | $351.9M |
| Gross Margin | 80.1% |
| Operating Margin | 39.1% |
| Report Period | Q1 FY2025 |
Revenue Breakdown
Atmos Energy Q1 FY2025 revenue of $1.2B breaks down across 4 segments, led by Distribution Segment at $1.1B (94.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Distribution Segment | $1.1B | 94.3% |
| Transportation Revenue | $36.7M | 3.1% |
| Other | $26.9M | 2.3% |
| Miscellaneous Revenue | $3.0M | 0.3% |
Atmos Energy Revenue by Segment — Quarterly Trend
Atmos Energy revenue by segment across the last 4 reported quarters, showing how each business line (such as Distribution Segment and Transportation Revenue) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Distribution Segment | $1.3B | $666.4M | $767.1M | $1.9B |
| Transportation Revenue | $41.5M | — | $35.9M | $43.4M |
| Other | $39.4M | $71.1M | $32.4M | — |
| Miscellaneous Revenue | $2.8M | — | $3.3M | $4.2M |
Atmos Energy Annual Revenue by Year
Atmos Energy annual revenue history includes year-by-year totals (for example, 2025 revenue was $4.7B).
| Year | Annual Revenue |
|---|---|
| 2025 | $4.7B |
| 2024 | $4.2B |
| 2023 | $4.3B |
| 2022 | $4.2B |
Atmos Energy Quarterly Revenue & Net Profit History
Atmos Energy results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $1.3B | +14.2% | $403.0M | 30.0% |
| Q4 FY2025 | $737.5M | +12.1% | $174.9M | 23.7% |
| Q3 FY2025 | $838.8M | +19.6% | $186.4M | 22.2% |
| Q2 FY2025 | $2.0B | +18.4% | $485.6M | 24.9% |
| Q1 FY2025 | $1.2B | +1.5% | $351.9M | 29.9% |
| Q4 FY2024 | $657.9M | +12.0% | $134.0M | 20.4% |
| Q3 FY2024 | $701.5M | +5.9% | $165.6M | 23.6% |
| Q2 FY2024 | $1.6B | +6.9% | $432.0M | 26.2% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.65B | $701.5M | $657.9M | $1.18B | $1.95B | $838.8M | $737.5M | $1.34B |
| YoY Growth | 6.9% | 5.9% | 12.0% | 1.5% | 18.4% | 19.6% | 12.1% | 14.2% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $24.00B | $24.89B | $25.19B | $26.50B | $26.98B | $27.71B | $28.25B | $29.80B |
| Liabilities | $12.39B | $12.71B | $13.04B | $13.72B | $13.84B | $14.33B | $14.69B | $15.52B |
| Equity | $11.62B | $12.18B | $12.16B | $12.78B | $13.14B | $13.39B | $13.56B | $14.28B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $746.6M | $411.2M | $330.7M | $282.0M | $922.9M | $496.4M | $348.1M | $308.1M |