Atmos Energy Corporation Reports Strong Q3 Financial Performance with $838.8M in Revenues

Atmos Energy Corporation reported significant financial performance for the third quarter and nine months ended June 30, 2025, with total operating revenues reaching $838.8 million for the quarter, up from $701.5 million in the same period last year. For the nine-month period, revenues increased to $3.97 billion from $3.51 billion, reflecting a year-over-year growth of 13%. The company’s net income for the quarter was $186.4 million, or $1.16 per diluted share, compared to $165.6 million, or $1.08 per diluted share, in the prior year. For the nine months, net income rose to $1.02 billion, or $6.40 per diluted share, from $908.9 million, or $6.00 per diluted share.

The financial results indicate a robust increase in operating income, which rose to $252.1 million for the quarter, up from $220.3 million, and $1.34 billion for the nine months, compared to $1.17 billion in the previous year. This growth was primarily driven by rate adjustments and increased customer demand, particularly in the distribution segment, which serves over 3.3 million customers across eight states. The distribution segment alone generated $767.1 million in revenues for the quarter, a notable increase from $633.2 million in the prior year.

In terms of operational developments, Atmos Energy has continued to expand its infrastructure, with capital expenditures totaling $2.6 billion for the nine months, a significant increase from $2.1 billion in the same period last year. Approximately 86% of this investment was directed towards enhancing safety and reliability in its distribution and transportation systems. The company also reported a slight increase in customer counts, with 3.39 million meters in service as of June 30, 2025, compared to 3.36 million a year earlier.

Strategically, Atmos Energy has been active in the capital markets, completing public offerings of senior notes totaling $1.15 billion during the nine months, which were utilized for general corporate purposes and capital investments. The company’s liquidity position remains strong, with approximately $5.5 billion available, including $709.4 million in cash and cash equivalents. Looking ahead, Atmos Energy anticipates continued growth driven by ongoing regulatory rate adjustments and infrastructure investments, with plans to spend approximately $24 billion over the next five years to modernize its systems and meet customer needs.