ATMOS ENERGY CORP has recently released its 10-K report, providing a detailed look at its business operations. The company, headquartered in Dallas, Texas, engages in regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and Pipeline and Storage. The Distribution segment distributes natural gas to approximately 3.3 million residential, commercial, public authority, and industrial customers and owns 73,689 miles of underground distribution and transmission mains. The Pipeline and Storage segment engages in pipeline and storage operations, managing five underground storage facilities in Texas and owning 5,645 miles of gas transmission lines.
In the ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations, ATMOS ENERGY CORP discussed its vision to be the safest provider of natural gas services, requiring significant levels of capital spending to modernize its natural gas distribution system and operating costs to deliver natural gas safely and reliably. The company anticipates making significant capital expenditures for the foreseeable future, with approximately $26 billion expected to be spent between fiscal years 2026 and 2030, with more than 80 percent dedicated to safety and reliability spending. The company also highlighted that its consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States, requiring it to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, and expenses.
In the RESULTS OF OPERATIONS section, ATMOS ENERGY CORP reported a net income of $1,198.8 million for the fiscal year ended September 30, 2025, compared to $1,042.9 million in the prior year. The year-over-year increase in net income of $155.9 million largely reflects positive rate outcomes driven by safety and reliability spending. The company also discussed its capital expenditures for fiscal 2025, which amounted to $3.6 billion, with approximately 87 percent invested to improve the safety and reliability of its distribution and transportation systems. As of September 30, 2025, the company's equity capitalization was 60.3 percent, and it had approximately $4.9 billion in total liquidity, consisting of cash and cash equivalents, funds available through equity forward sales agreements, and undrawn capacity under its credit facilities.
As a result of these announcements, the company's shares have moved -1.12% on the market, and are now trading at a price of $175.98. For the full picture, make sure to review ATMOS ENERGY CORP's 10-K report.
