Atmos Energy Corporation reported a significant increase in its financial performance for the three months ended December 31, 2025, with net income rising to $402.964 million, or $2.44 per diluted share, compared to $351.858 million, or $2.23 per diluted share, for the same period in 2024. This represents a 15% year-over-year increase in net income, attributed to favorable rate outcomes driven by safety and reliability spending, as well as a $35.2 million positive impact from Texas legislation related to infrastructure spending. Total operating revenues for the quarter reached $1.343 billion, up from $1.176 billion in the prior year, reflecting growth across both the distribution and pipeline segments.
The company’s distribution segment generated $1.259 billion in operating revenues, a 14% increase from $1.109 billion in the previous year. This growth was supported by a $47.7 million increase in rate adjustments and a $14.4 million rise in consumption, net of weather normalization adjustments. The pipeline and storage segment also saw revenue growth, with operating revenues increasing to $286.633 million from $255.390 million, driven by higher capacity contracted by tariff-based customers and increased throughput activities.
Atmos Energy's capital expenditures for the quarter totaled $1.033 billion, with over 85% allocated to enhancing the safety and reliability of its distribution and transportation systems. The company reported a total of approximately 3.4 million customers across its service areas in eight states, reflecting a steady increase in customer counts. The total assets of the company rose to $29.798 billion as of December 31, 2025, compared to $28.250 billion at the end of the previous fiscal year, indicating ongoing investment in infrastructure and operational capacity.
In terms of liquidity, Atmos Energy maintained a strong position with approximately $4.6 billion available, including $367 million in cash and cash equivalents and $3.1 billion in undrawn credit facilities. The company successfully completed a public offering of $600 million in senior notes during the quarter, further bolstering its financial resources. Looking ahead, Atmos Energy anticipates continued capital investments of approximately $26 billion between fiscal years 2026 and 2030, primarily focused on safety and reliability improvements, while also navigating regulatory environments and market conditions that may impact its operations and financial performance.
About ATMOS ENERGY CORP
Atmos Energy Corporation is the largest U.S. natural-gas-only distributor, serving over 3.3 million residential, commercial, public authority, and industrial customers across eight primarily Southern states. Its core operations include regulated natural gas distribution, pipeline transportation, and storage, with a significant intrastate pipeline system in Texas. The company operates under regulatory frameworks that establish rates to recover costs and provide returns, emphasizing safety, reliability, and infrastructure modernization.
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