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NYSE · Utilities

ATMOS ENERGY CORP (ATO)

As-reported financials and SEC filings for ATMOS ENERGY CORP. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ATMOS ENERGY CORP

Atmos Energy Corporation is a natural gas distributor serving approximately 3.4 million residential, commercial, public authority, and industrial customers across eight states primarily in the southern United States. The company operates regulated natural gas distribution systems and pipeline and storage facilities, including one of the largest intrastate pipelines in Texas. Its services include delivering natural gas through sales and transportation arrangements, as well as providing pipeline transportation and storage services to various customers.

Snapshot

Revenue
$4.70B
Revenue growth (YoY)
12.9%
Net income
$1.20B
Diluted EPS
$7.46
Gross margin
Operating margin
33.2%
Net margin
25.5%
FCF margin
-32.2%
ROE
8.8%
net income / fiscal-year-end equity
P/E
19.9×
trailing when available, otherwise FY EPS
Market cap
$28.15B
Long-term debt / equity
0.66×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Atmos Energy

  • Revenue grew 12.9% to $4.7B in FY2025, after a 2.6% decline the year before.
  • Operating margin is 33.2% in FY2025, +6.6 pp against 26.6% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $879M, up 4.8% from Q3 FY2025.
  • Free cash flow was negative $1.5B in FY2025.
  • Net income rose 14.9% to $1.2B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Atmos Energy’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin33.2%
87th percentile of 86
Net margin25.5%
92nd percentile of 91
FCF margin-32.2%
7th percentile of 76
Revenue growth (YoY)+12.9%
69th percentile of 94
ROE8.8%
51st percentile of 89
P/E19.9×
39th percentile of 83
Long-term debt / equity0.66×
14th percentile of 84
Short interest3.13d
26th percentile of 98

Atmos Energy’s FCF margin of -32.2% ranks in the 7th percentile of the 76 Utilities companies reporting it. Atmos Energy’s net margin of 25.5% ranks in the 92nd percentile of the 91 Utilities companies reporting it. Atmos Energy’s operating margin of 33.2% ranks in the 87th percentile of the 86 Utilities companies reporting it.

1 reported insider purchase (code P) totaling $50,278 in the last 90 days. For context, about 14% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 2 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
2
+7 quant / multi-strat
Initiated / added
9
3 new, 6 added
Reduced / exited
0
0 trimmed, 0 exited
Combined position
$1.15B
reported long value
InvestorAs ofPosition valueSharesChange
AQR Capital ManagementquantQ2 2026$409.0M2.4MAdded
Citadel AdvisorsquantQ2 2026$299.1M1.7MAdded
Point72 Asset ManagementquantQ2 2026$234.5M1.4MNew
Renaissance TechnologiesquantQ2 2026$77.2M447.9KAdded
Millennium ManagementquantQ2 2026$47.0M272.8KAdded
Two Sigma InvestmentsquantQ2 2026$31.5M183.1KAdded
Gotham Asset ManagementQ2 2026$25.3M146.8KAdded
D. E. ShawquantQ2 2026$21.8M126.3KNew
Bridgewater AssociatesQ2 2026$617,9323.6KNew

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
1
1 insider
Bought (90d)
$50K
code P value
Sells (90d)
0
Reported activity
Net buying
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-11
filed 2026-08-12
WARE WILLIAM JAMESDirectorBuy300$167.59$50K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
3.5M
settled 2026-08-14
Change vs prior
+2.8%
vs previous settlement
Days to cover
3.13
at avg daily volume
Avg daily volume
1.1M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-143.5M+2.8%3.13
2026-07-313.4M-3.1%3.48
2026-07-153.5M-3.2%3.21
2026-06-303.6M+7.3%2.48
2026-06-153.4M-0.9%1.89
2026-05-293.4M+0.8%1.56
2026-05-153.4M-8.3%2.97
2026-04-303.7M-4.1%4.81

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$4.70B$4.17B$4.28B$4.20B$3.41B
Gross profit$2.82B$2.52B$2.37B
Operating income$1.56B$1.36B$1.07B$921.0M$905.0M
Net income$1.20B$1.04B$885.9M$774.4M$665.6M
Diluted EPS$7.46$6.83$6.10$5.60$5.12

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$202.7M$307.3M$15.4M$51.6M$116.7M
Current assets$1.05B$1.13B$885.8M$3.05B$2.84B
Total assets$28.25B$25.19B$22.52B$22.19B$19.61B
Current liabilities$1.36B$1.21B$1.35B$3.60B$3.51B
Long-term debt$8.91B$7.78B$6.55B$5.76B$4.93B
Total liabilities$14.69B$13.04B$11.65B$12.77B$11.70B
Total equity$13.56B$12.16B$10.87B$9.42B$7.91B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$2.05B$1.73B$3.46B$977.6M$-1.08B
Capital expenditure$3.56B$2.94B$2.81B$2.44B$1.97B
Free cash flow$-1.51B$-1.20B$653.8M$-1.47B$-3.05B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$879.1M4.8%$242.7M$1.43
Q2 FY2026$1.96B0.6%$581.9M$3.47
Q1 FY2026$1.34B14.2%$403.0M$2.44
Q4 FY2025$737.5M12.1%$174.9M$1.07
Q3 FY2025$838.8M19.6%$186.4M$1.16
Q2 FY2025$1.95B18.4%$485.6M$3.03
Q1 FY2025$1.18B1.5%$351.9M$2.23
Q4 FY2024$657.9M12.0%$134.0M$0.86

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorUtilities
SIC industryNatural Gas Distribution
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2014
SEC CIK731802

Selected SEC filings

10-K2025-11-14
View on EDGAR →
10-K2024-11-18
View on EDGAR →
10-Q2026-08-05
View on EDGAR →
10-Q2026-05-06
View on EDGAR →
10-Q2026-02-03
View on EDGAR →
10-Q2025-08-06
View on EDGAR →
8-K2026-08-10
View on EDGAR →
8-K2026-08-05
View on EDGAR →

Largest Utilities peers

All Utilities companies →

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.