Atmos Energy Corp (ATO) financial statements: income statement, balance sheet and cash flow

Atmos Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), Atmos Energy Corp reported revenue of $4.7B (+12.9% year on year) and net income of $1.2B (+14.9% year on year).

Income statement

Atmos Energy Corp income statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Operating revenues	$4.7B	$4.2B	$4.3B	$4.2B
Purchased gas cost	$1.1B	$933.7M	$1.5B	$1.7B
Operation and maintenance expense	$902.9M	$819.1M	$764.9M	$710.2M
Depreciation and amortization expense	$734.7M	$670.0M	$604.3M	$535.7M
Taxes, other than income	$439.0M	$387.0M	$386.8M	$352.2M
Operating income	$1.6B	$1.4B	$1.1B	$921.0M
Other non-operating income	$89.7M	$71.0M	$69.8M	$33.7M
Interest charges	$171.7M	$190.6M	$137.3M	$102.8M
Income before income taxes	$1.5B	$1.2B	$999.6M	$851.9M
Income tax expense	$279.3M	$192.9M	$113.8M	$77.5M
Net income	$1.2B	$1.0B	$885.9M	$774.4M
Basic net income per share (USD per share)	$7.54	$6.83	$6.10	$5.61
Diluted net income per share (USD per share)	$7.46	$6.83	$6.10	$5.60
Basic (in shares)	158.9M	152.5M	145.1M	137.8M
Diluted (in shares)	160.6M	152.7M	145.2M	138.1M
Net unrealized holding gains (losses) on available-for-sale securities, net of tax of $(3), $168 and $37	($4.0K)	$582.0K	$126.0K	($542.0K)
Amortization and unrealized gains (losses) on interest rate agreements, net of tax of $1,103, $(15,432) and $43,148	$9.3M	($53.4M)	$149.3M	$299.9M
Total other comprehensive income (loss)	$9.3M	($52.8M)	$149.4M	$299.3M
Total comprehensive income	$1.2B	$990.1M	$1.0B	$1.1B

Atmos Energy Corp income statement, quarters

Line item	Jun 30, 2026 · Q3	Mar 31, 2026 · Q2	Dec 31, 2025 · Q1	Jun 30, 2025 · Q3
Operating revenues	$879.1M	$2.0B	$1.3B	$838.8M
Purchased gas cost	$8.2M	$667.3M	$296.0M	$53.8M
Operation and maintenance expense	$223.2M	$195.8M	$229.8M	$222.1M
Depreciation and amortization expense	$201.5M	$195.7M	$194.6M	$185.8M
Taxes, other than income	$125.7M	$138.8M	$107.4M	$125.0M
Operating income	$320.4M	$764.8M	$514.8M	$252.1M
Other non-operating income	$16.0M	$17.5M	$22.2M	$20.1M
Interest charges	$33.1M	$48.7M	$33.4M	$41.5M
Income before income taxes	$303.3M	$733.6M	$503.6M	$230.6M
Income tax expense	$60.6M	$151.7M	$100.6M	$44.2M
Net income	$242.7M	$581.9M	$403.0M	$186.4M
Basic net income per share (USD per share)	$1.44	$3.49	$2.48	$1.17
Diluted net income per share (USD per share)	$1.43	$3.47	$2.44	$1.16
Cash dividends per share (USD per share)	$1.00	$1.00	$1.00	$0.87
Basic weighted average shares outstanding (in shares)	168.3M	166.5M	162.7M	159.3M
Diluted weighted average shares outstanding (in shares)	169.4M	167.8M	164.9M	161.2M
Net unrealized holding gains (losses) on available-for-sale securities, net of tax	($85.0K)	($158.0K)	$1.0K	$31.0K
Amortization and unrealized gains (losses) on interest rate agreements, net of tax	($4.8M)	($4.8M)	($4.8M)	$1.4M
Total other comprehensive income (loss)	($4.9M)	($4.9M)	($4.8M)	$1.4M
Total comprehensive income	$237.8M	$577.0M	$398.2M	$187.8M

Balance sheet

Atmos Energy Corp balance sheet, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Property, plant and equipment	$28.0B	$24.8B	$22.0B	$19.4B
Construction in progress	$1.2B	$1.1B	$939.9M	$835.9M
Total property, plant and equipment and construction in progress	$29.3B	$25.8B	$22.9B	$20.2B
Less accumulated depreciation and amortization	$4.0B	$3.6B	$3.3B	$3.0B
Net property, plant and equipment	$25.3B	$22.2B	$19.6B	$17.2B
Cash and cash equivalents	$202.7M	$307.3M	$15.4M	$51.6M
Restricted cash and cash equivalents	$1.1M	$1.5M	$3.8M	—
Cash and cash equivalents and restricted cash and cash equivalents	$203.8M	$308.9M	$19.2M	—
Accounts receivable, less allowance for uncollectible accounts of $45,259 in 2025 and $37,056 in 2024	$375.5M	$365.9M	$328.7M	$363.7M
Gas stored underground	$171.8M	$169.5M	$245.8M	$357.9M
Other current assets	$301.6M	$288.1M	$292.0M	$2.3B
Total current assets	$1.1B	$1.1B	$885.8M	$3.0B
Securitized intangible asset, less accumulated amortization of $18,473 in 2025 and $10,756 in 2024 (See Note 10)	$75.1M	$82.8M	$92.2M	—
Goodwill	$731.3M	$731.3M	$731.3M	$731.3M
Deferred charges and other assets	$1.1B	$1.0B	$1.2B	$1.2B
Total assets	$28.2B	$25.2B	$22.5B	$22.2B
Common stock, no par value (stated at $0.005 per share); 200,000,000 shares authorized; issued and outstanding: 2025 — 161,568,384 shares; 2024 — 155,258,845 shares	$808000.00	$776000.00	$742000.00	$704000.00
Additional paid-in capital	$8.2B	$7.5B	$6.7B	$5.8B
Accumulated other comprehensive income	$475.0M	$465.7M	$518.5M	$369.1M
Retained earnings	$4.9B	$4.2B	$3.7B	$3.2B
Shareholders’ equity	$13.6B	$12.2B	$10.9B	$9.4B
Long-term debt	$8.9B	$7.8B	$6.6B	$5.8B
Securitized long-term debt (See Note 10)	$68.2M	$76.9M	$85.1M	—
Total capitalization	$22.5B	$20.0B	$17.5B	$15.2B
Accounts payable and accrued liabilities	$506.5M	$445.4M	$336.1M	$496.0M
Other current liabilities	$835.6M	$750.6M	$763.1M	$720.2M
Current maturities of long-term debt	$11.8M	$1.7M	$1.6M	$2.2B
Current maturities of securitized long-term debt (See Note 10)	$8.8M	$8.2M	$9.9M	—
Total current liabilities	$1.4B	$1.2B	$1.4B	$3.6B
Deferred income taxes	$2.9B	$2.6B	$2.3B	$2.0B
Regulatory excess deferred taxes (See Note 15)	$117.5M	$177.3M	$253.2M	$385.2M
Regulatory cost of removal obligation	$532.5M	$507.8M	$497.0M	$487.6M
Deferred credits and other liabilities	$784.3M	$691.9M	$599.9M	$538.3M
Total shareholders' equity and liabilities	$28.2B	$25.2B	$22.5B	$22.2B

Atmos Energy Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Jun 30, 2025
Property, plant and equipment	$32.2B	$31.2B	$30.3B	$28.3B
Less accumulated depreciation and amortization	$4.2B	$4.1B	$4.1B	$3.9B
Net property, plant and equipment	$28.0B	$27.1B	$26.3B	$24.4B
Cash and cash equivalents	$521.0M	$125.7M	$367.0M	$709.4M
Restricted cash and cash equivalents	$4.9M	$1.4M	$4.5M	$4.2M
Cash and cash equivalents and restricted cash and cash equivalents	$525.8M	$127.1M	$371.5M	$713.6M
Accounts receivable, net	$469.5M	$644.6M	$731.1M	$399.5M
Gas stored underground	$154.4M	$135.9M	$159.5M	$139.1M
Other current assets	$351.1M	$354.4M	$373.7M	$299.8M
Total current assets	$1.5B	$1.3B	$1.6B	$1.6B
Securitized intangible asset, net (See Note 9)	$68.0M	$70.4M	$72.8M	$77.2M
Goodwill	$731.3M	$731.3M	$731.3M	$731.3M
Deferred charges and other assets	$1.3B	$1.2B	$1.1B	$973.9M
Total assets	$31.6B	$30.4B	$29.8B	$27.7B
Common stock, no par value (stated at $0.005 per share), June 30, 2026 — authorized: 400,000,000 shares, issued and outstanding: 168,986,249 shares; September 30, 2025 — authorized: 200,000,000, issued and outstanding: 161,568,384 shares	$845000.00	$835000.00	$827000.00	$803000.00
Additional paid-in capital	$9.2B	$8.9B	$8.7B	$8.1B
Accumulated other comprehensive income	$460.4M	$465.3M	$470.2M	$478.0M
Retained earnings	$5.6B	$5.5B	$5.1B	$4.8B
Shareholders’ equity	$15.3B	$14.9B	$14.3B	$13.4B
Long-term debt, net	$9.7B	$9.6B	$9.6B	$8.9B
Securitized long-term debt (See Note 9)	$63.8M	$63.8M	$68.2M	$72.6M
Total capitalization	$25.1B	$24.5B	$23.9B	$22.4B
Accounts payable and accrued liabilities	$436.7M	$467.0M	$616.9M	$397.6M
Other current liabilities	$896.3M	$780.2M	$819.1M	$712.7M
Current maturities of long-term debt	$502.5M	$2.4M	$2.3M	$11.7M
Current maturities of securitized long-term debt (See Note 9)	$8.9M	$8.9M	$8.8M	$8.4M
Total current liabilities	$1.8B	$1.3B	$1.4B	$1.1B
Deferred income taxes	$3.3B	$3.2B	$3.0B	$2.9B
Regulatory excess deferred taxes	$100.3M	$103.2M	$106.1M	$133.6M
Regulatory cost of removal obligation	$493.0M	$509.9M	$520.0M	$529.8M
Deferred credits and other liabilities	$814.4M	$801.6M	$792.2M	$695.5M
Total capitalization and liabilities	$31.6B	$30.4B	$29.8B	$27.7B

Cash flow statement

Atmos Energy Corp cash flow statement, fiscal years

Line item	Sep 30, 2025 · FY	Sep 30, 2024 · FY	Sep 30, 2023 · FY	Sep 30, 2022 · FY
Net income	$1.2B	$1.0B	$885.9M	$774.4M
Depreciation and amortization	$734.7M	$670.0M	$604.3M	$535.7M
Deferred income taxes	$268.6M	$172.7M	$108.2M	$53.7M
Stock-based compensation	$12.7M	$10.7M	$10.2M	$10.7M
Amortization of debt issuance costs	($15.0M)	($6.9M)	$3.6M	$9.1M
Equity component of AFUDC	($75.4M)	($58.2M)	($64.0M)	($45.5M)
Other	$11.0M	$1.5M	($591.0K)	$3.3M
(Increase) decrease in accounts receivable	($1.4M)	($40.9M)	$46.9M	($34.3M)
(Increase) decrease in gas stored underground	($2.2M)	$76.3M	$112.1M	($179.8M)
Decrease in Winter Storm Uri current regulatory asset (see Note 10)	$0	$0	$2.0B	$0
(Increase) decrease in other current assets	$19.5M	$17.1M	($36.0M)	($66.0M)
Increase in deferred charges and other assets	($211.3M)	($195.4M)	($172.6M)	$13.3M
Increase (decrease) in accounts payable and accrued liabilities	$31.6M	($4.6M)	($132.6M)	$40.4M
Increase (decrease) in other current liabilities	$31.4M	($10.3M)	$30.7M	($152.3M)
Increase in deferred credits and other liabilities	$46.5M	$58.7M	$41.8M	$15.0M
Net cash provided by operating activities	$2.0B	$1.7B	$3.5B	$977.6M
Capital expenditures	($3.6B)	($2.9B)	($2.8B)	($2.4B)
Purchases of debt and equity securities	($34.3M)	($19.7M)	($46.8M)	($28.3M)
Proceeds from sale of debt and equity securities	$7.3M	$6.0M	$25.1M	$4.9M
Maturities of debt securities	$22.8M	$12.1M	$13.3M	$27.6M
Other, net	$4.4M	$16.1M	$19.0M	$10.3M
Net cash used in investing activities	($3.6B)	($2.9B)	($2.8B)	($2.4B)
Net increase (decrease) in short-term debt	$0	($241.9M)	$57.0M	$185.0M
Proceeds from issuance of long-term debt, net of premium/discount	$1.1B	$1.2B	$797.3M	$798.8M
Proceeds from issuance of securitized long-term debt by AEK	$0	$0	$95.0M	—
Net proceeds from equity offering	$698.5M	$750.0M	$806.9M	$776.8M
Issuance of common stock through stock purchase and employee retirement plans	$15.3M	$15.1M	$15.4M	$15.4M
Settlement of interest rate swaps	$122.9M	$231.1M	$171.1M	$197.1M
Proceeds from term loan	$0	$0	$2.0B	—
Repayment of term loan	$0	$0	($2.0B)	—
Repayment of long-term debt	$0	$0	($2.2B)	($200.0M)
Repayment of securitized long-term debt by AEK	($8.1M)	($9.9M)	—	—
Cash dividends paid	($553.8M)	($492.9M)	($430.3M)	($375.9M)
Debt issuance costs	($10.4M)	($11.8M)	($7.9M)	($8.2M)
Securitized debt issuance costs	$0	$0	($1.3M)	—
Other	($1.1M)	($1.1M)	$0	($1.7M)
Net cash provided by (used in) financing activities	$1.4B	$1.5B	($696.8M)	$1.4B
Net increase (decrease) in cash and cash equivalents and restricted cash and cash equivalents	($105.1M)	$289.6M	($32.3M)	($65.2M)
Cash and cash equivalents and restricted cash and cash equivalents at beginning of year	$308.9M	$19.2M	$51.6M	$116.7M
Cash and cash equivalents and restricted cash and cash equivalents at end of year	$203.8M	$308.9M	$19.2M	—

Atmos Energy Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · YTD	Dec 31, 2025 · Q1	Jun 30, 2025 · YTD
Net income	$1.2B	$984.9M	$403.0M	$1.0B
Depreciation and amortization expense	$591.9M	$390.3M	$194.6M	$549.1M
Deferred income taxes	$300.6M	$228.5M	$93.0M	$214.6M
Other	($50.4M)	($35.0M)	($23.3M)	($49.4M)
Net assets / liabilities from risk management activities	$1.4M	$2.8M	$7.0M	($2.0M)
Net change in other operating assets and liabilities	($399.6M)	($540.0M)	($366.3M)	($34.8M)
Net cash provided by operating activities	$1.7B	$1.0B	$308.1M	$1.7B
Capital expenditures	($3.1B)	($2.0B)	($1.0B)	($2.6B)
Debt and equity securities activities, net	($6.2M)	($5.3M)	($4.5M)	($2.3M)
Other, net	$6.3M	$6.5M	$2.2M	$6.5M
Net cash used in investing activities	($3.1B)	($2.0B)	($1.0B)	($2.6B)
Net proceeds from equity issuances	$941.7M	$671.6M	$472.0M	$568.6M
Issuance of common stock through stock purchase and employee retirement plans	$4.8M	$3.7M	$2.6M	$11.5M
Proceeds from issuance of long-term debt	$1.3B	$596.5M	$596.5M	$1.1B
Repayment of long-term debt	($10.0M)	($10.0M)	($10.0M)	—
Repayment of securitized long-term debt by AEK	($4.4M)	($4.4M)	—	($4.1M)
Cash dividends paid	($490.7M)	($324.5M)	($160.4M)	($412.3M)
Debt issuance costs	($10.9M)	($5.5M)	($5.5M)	($10.1M)
Net cash provided by financing activities	$1.7B	$927.5M	$895.3M	$1.3B
Net increase in cash and cash equivalents and restricted cash and cash equivalents	$322.0M	($76.7M)	$167.7M	$404.7M
Cash and cash equivalents and restricted cash and cash equivalents at beginning of period	$203.8M	$203.8M	$203.8M	$308.9M
Cash and cash equivalents and restricted cash and cash equivalents at end of period	$525.8M	$127.1M	$371.5M	$713.6M

Atmos Energy Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.