Atmos Energy (ATO) Quarterly and Annual Segment Results by Country and Region - CSIMarket
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Atmos Energy Corp  (NYSE: ATO)
    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities

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Description of Atmos Energy's Business Segments


Atmos Energy Corp is a significant player in the natural gas distribution industry, headquartered in Dallas, Texas, and serving over three million customers across eight states. The company is engaged in regulated natural gas distribution, along with pipeline and storage operations. Its structure is organized into three primary segments, each contributing to its overall mission of delivering safe and reliable energy while maintaining a commitment to customer service and community welfare.

Segments of Atmos Energy Corp

1. Distribution Segment:
- The Distribution segment is at the core of Atmos Energy’s operations, responsible for the regulated natural gas distribution business serving residential, commercial, and industrial customers.
- The company operates approximately 78,000 miles of natural gas distribution and transmission pipelines, making it one of the largest pipeline operators in its service areas.
- Key services within this segment include:
- Installation and Maintenance: Atmos Energy provides installation, repair, and maintenance services for gas meters, regulators, and other equipment, ensuring the safe and efficient delivery of natural gas.
- Leak Detection and Emergency Response: The company implements programs for monitoring pipeline integrity and responding promptly to any leaks or emergencies.
- Customer Support: This includes setting up new services, responding to customer inquiries, and providing assistance with bill management.
- Energy Efficiency Programs: Atmos offers tailored solutions to help customers reduce energy usage and costs, including rebates for energy-efficient appliances and home audits.

2. Pipeline and Storage Segment:
- This segment focuses on the ownership and operation of natural gas transmission and storage facilities, crucial for maintaining supply and demand balance throughout the region.
- Atmos Energy operates four storage facilities with a total capacity of approximately 172 billion cubic feet, which is vital for managing seasonal demand fluctuations and ensuring reliability.
- Services provided in this segment include:
- Natural Gas Transportation: Movement of gas from production areas to distribution systems or end-users via a network of interstate pipelines.
- Storage Services: Offering storage options to utilities, municipalities, and other customers, facilitating better inventory management and operational flexibility.
- Balancing and Peaking Services: Ensuring energy availability during peak demand times through strategic storage and delivery on short notice.

3. Midstream Segment:
- The Midstream segment encompasses gas gathering, processing, and marketing services, playing a critical role in the supply chain of natural gas.
- Functions include:
- Gathering Systems: Developing and maintaining systems that collect natural gas from production sites for processing and transportation.
- Processing Facilities: Facilities that treat and purify natural gas to meet quality standards before it enters the distribution system.
- Marketing: The company actively markets natural gas to various end-users, including power plants and industrial facilities, facilitating optimized pricing and delivery arrangements.

Products and Services Offered by Atmos Energy Corp

1. Residential Services:
- Natural gas service tailored for heating, hot water, and cooking needs.
- Energy efficiency programs that educate and assist homeowners in reducing their gas consumption and costs.
- Flexible billing options and convenient payment plans for customers.

2. Commercial Services:
- Tailored natural gas solutions for businesses across different sectors such as retail, healthcare, and manufacturing.
- Advisory services that help businesses optimize their natural gas usage and manage costs effectively, including energy audits and efficiency upgrades.

3. Pipeline Services:
- Provision of natural gas transportation for other utilities, industrial users, and marketers.
- Offering storage and balancing services to help customers manage their supply needs efficiently.

4. Construction Services:
- Services related to the construction and installation of distribution infrastructure, including pipelines and gas distribution systems.
- Ongoing maintenance and upgrades to existing systems to ensure compliance with safety and regulatory standards.

5. Marketing and Trading Services:
- Engaging in the buying and selling of natural gas, providing flexible pricing and contracting options to various markets.
- Supporting customers in contract management and risk mitigation strategies related to volatile pricing in the natural gas market.

Conclusion

Atmos Energy Corp has established a comprehensive portfolio of products and services designed to meet the diverse needs of its customers, spanning residential, commercial, and industrial sectors. With a strong emphasis on safety, reliability, and customer satisfaction, the company remains dedicated to providing its services efficiently and sustainably while navigating the evolving landscape of the energy sector.


Composition of Atmos Energy Corp Revenues by Segments

 
Distribution    95.68 % of total Revenue
Pipeline and Storage    16.42 % of total Revenue
InterEliminations    -10.42 % of total Revenue
InterEliminations Distribution    -0.04 % of total Revenue
InterEliminations Pipeline and Storage    -10.39 % of total Revenue
Gas sales revenues Distribution    89.11 % of total Revenue
Transportation revenues Distribution    2.26 % of total Revenue
Transportation revenues Pipeline and Storage    16.24 % of total Revenue
Miscellaneous revenues Distribution    0.18 % of total Revenue
Miscellaneous revenues Pipeline and Storage    0.17 % of total Revenue
Residential Gas sales revenues Distribution    62.16 % of total Revenue
Commercial Gas sales revenues Distribution    23.9 % of total Revenue
Industrial Gas sales revenues Distribution    2.27 % of total Revenue
Public authority and other Gas sales revenues Distribution    0.79 % of total Revenue

Q2 three months ended (Mar 31 2026)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Distribution 1,877.68 95.68 %
Pipeline and Storage 322.13 16.42 %
InterEliminations -204.57 -10.42 %
InterEliminations Distribution -0.77 -0.04 %
InterEliminations Pipeline and Storage -203.80 -10.39 %
Gas sales revenues Distribution 1,748.73 89.11 %
Transportation revenues Distribution 44.36 2.26 %
Transportation revenues Pipeline and Storage 318.78 16.24 %
Miscellaneous revenues Distribution 3.46 0.18 %
Miscellaneous revenues Pipeline and Storage 3.35 0.17 %
Residential Gas sales revenues Distribution 1,219.79 62.16 %
Commercial Gas sales revenues Distribution 469.00 23.9 %
Industrial Gas sales revenues Distribution 44.48 2.27 %
Public authority and other Gas sales revenues Distribution 15.46 0.79 %
Total 1,962.40 100 %




Q2 three months ended (Mar 31 2026)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Distribution -1.13 % 49.16 %
Pipeline and Storage 18.97 % 0.66 %
InterEliminations - -
InterEliminations Distribution - -
InterEliminations Pipeline and Storage - -
Gas sales revenues Distribution -5.56 % 53.54 %
Transportation revenues Distribution 2.33 % 6.96 %
Transportation revenues Pipeline and Storage 19.61 % 0.43 %
Miscellaneous revenues Distribution -18.02 % 21.95 %
Miscellaneous revenues Pipeline and Storage -21.32 % 27.41 %
Residential Gas sales revenues Distribution -6.79 % 56.3 %
Commercial Gas sales revenues Distribution -2.31 % 48.62 %
Industrial Gas sales revenues Distribution 14.39 % 35.35 %
Public authority and other Gas sales revenues Distribution -35.38 % 53.4 %
Total 0.61 % 46.17 %




Q2 three months ended (Mar 31 2026)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 581.90 29.65 %




Q2 three months ended (Mar 31 2026)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total 19.84 % 44.4 %




Annual Report on Atmos Energy Corp Divisions, Sales by Country

 
Distribution   Distribution Segment contribution to total sales 94.1 % of total Revenue
Pipeline and Storage   Pipeline and Storage Segment contribution to total sales 24.07 % of total Revenue
InterEliminations   InterEliminations Segment contribution to total sales -16.75 % of total Revenue
InterEliminations Distribution   InterEliminations Distribution Segment contribution to total sales -0.06 % of total Revenue
InterEliminations Pipeline and Storage   InterEliminations Pipeline and Storage Segment contribution to total sales -16.69 % of total Revenue
Distribution Gas sales revenues   Distribution Gas sales revenues Segment contribution to total sales 89.24 % of total Revenue
Distribution Transportation revenues   Distribution Transportation revenues Segment contribution to total sales 3.23 % of total Revenue
Distribution Other gas revenues   Distribution Other gas revenues Segment contribution to total sales 0.56 % of total Revenue
Distribution Residential Gas sales revenues   Distribution Residential Gas sales revenues Segment contribution to total sales 62.01 % of total Revenue
Distribution Commercial Gas sales revenues   Distribution Commercial Gas sales revenues Segment contribution to total sales 24.55 % of total Revenue
Distribution Industrial Gas sales revenues   Distribution Industrial Gas sales revenues Segment contribution to total sales 2.61 % of total Revenue
Distribution Public authority and other Gas sales revenues   Distribution Public authority and other Gas sales revenues Segment contribution to total sales 1.12 % of total Revenue
Distribution Gas sales revenues Residential   Distribution Gas sales revenues Residential Segment contribution to total sales 61.19 % of total Revenue
Distribution Gas sales revenues Commercial   Distribution Gas sales revenues Commercial Segment contribution to total sales 24.36 % of total Revenue
Distribution Gas sales revenues Industrial   Distribution Gas sales revenues Industrial Segment contribution to total sales 2.6 % of total Revenue
Distribution Gas sales revenues Public authority and other   Distribution Gas sales revenues Public authority and other Segment contribution to total sales 1.09 % of total Revenue
Distribution Miscellaneous revenues   Distribution Miscellaneous revenues Segment contribution to total sales 0.28 % of total Revenue
Pipeline and Storage Transportation revenues   Pipeline and Storage Transportation revenues Segment contribution to total sales 23.79 % of total Revenue
Pipeline and Storage Miscellaneous revenues   Pipeline and Storage Miscellaneous revenues Segment contribution to total sales 0.27 % of total Revenue


Twelve months ended 2025
ATO s Annual Revenue by Geography and Business Segments Sales
(in millions $)
%
(of total Sales)
Distribution 4,425.40 94.1 %
Pipeline and Storage 1,131.76 24.07 %
InterEliminations -787.94 -16.75 %
InterEliminations Distribution -3.04 -0.06 %
InterEliminations Pipeline and Storage -784.90 -16.69 %
Total 4,702.76 100 %
Distribution Gas sales revenues 4,196.80 89.24 %
Distribution Transportation revenues 151.88 3.23 %
Distribution Other gas revenues 26.48 0.56 %
Distribution Residential Gas sales revenues 2,916.25 62.01 %
Distribution Commercial Gas sales revenues 1,154.59 24.55 %
Distribution Industrial Gas sales revenues 122.58 2.61 %
Distribution Public authority and other Gas sales revenues 52.61 1.12 %
Distribution Gas sales revenues Residential 2,877.46 61.19 %
Distribution Gas sales revenues Commercial 1,145.71 24.36 %
Distribution Gas sales revenues Industrial 122.28 2.6 %
Distribution Gas sales revenues Public authority and other 51.35 1.09 %
Distribution Miscellaneous revenues 13.12 0.28 %
Pipeline and Storage Transportation revenues 1,119.02 23.79 %
Pipeline and Storage Miscellaneous revenues 12.75 0.27 %


Twelve months ended 2025
ATO s Annual Income by Country and Business Segments Income
(in millions $)
%
(Profit Margin)
Distribution 746.78 16.87 %
Pipeline and Storage 451.97 39.94 %
Total 1,198.75 25.49 %

Twelve months ended 2025
Annual Revenue and Income Growth by Country and Business Segments % Y/Y Sales Growth % Y/Y Income Growth
Distribution 13.03 % 11.23 %
Pipeline and Storage 13.33 % 21.67 %
InterEliminations - -
InterEliminations Distribution - -
InterEliminations Pipeline and Storage - -
Total 12.91 % 14.94 %
Eliminations - -
Eliminations Distribution - -
Eliminations Pipeline and Storage - -
Distribution Gas sales revenues 13.4 % -
Distribution Transportation revenues 12.84 % -
Distribution Other gas revenues 0.34 % -
Distribution Residential Gas sales revenues 12.87 % -
Distribution Commercial Gas sales revenues 13.57 % -
Distribution Industrial Gas sales revenues 21.85 % -
Distribution Public authority and other Gas sales revenues 0.82 % -
Distribution Gas sales revenues Residential 13.18 % -
Distribution Gas sales revenues Commercial 13.82 % -
Distribution Gas sales revenues Industrial 21.84 % -
Distribution Gas sales revenues Public authority and other 0.03 % -
Distribution Miscellaneous revenues 10.87 % -
Pipeline and Storage Transportation revenues 13.86 % -
Pipeline and Storage Miscellaneous revenues -19.78 % -



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