ATO · 10-Q · 2026Q2 · Full report
Revenue Performance and Mix
ATMOS ENERGY CORP · 2026-08-05 · Importance 64 · Surprise 56 · No source text
Distribution-segment operating revenue increased $152.2 million, or 4.0%, year over year to $3,911.2 million for the nine months ended June 30, 2026, despite a 7.9% decline in sales volumes to 230,000 MMcf.,Pipeline and storage operating revenue increased $122.2 million, or 15.5%, to $909.0 million, driven by $78.7 million of additional Mid-Tex and affiliate transportation revenue and $40.8 million of additional third-party transportation revenue.,Pipeline transportation volumes increased 3.6% to 526,249 MMcf, while distribution throughput decreased 7.9% to 344,756 MMcf.,Approximately 70% of distribution revenue is earned during the first six months of the fiscal year, and about 50% of distribution revenue excluding gas costs is recovered through base customer charges.
Key facts
- Three months ended June 30, 2026 pipeline and storage segment total operating revenues: $333,053 thousand vs $272,388 thousand for 2025 (change $60,665 thousand) source
- Distribution segment Mid-Tex operating income for the three months ended June 30, 2026: $74,313 thousand vs $48,244 thousand for 2025 (change $26,069 thousand) source
- Nine months ended June 30, 2026 distribution segment operating revenues: $3,911,164 thousand vs $3,758,995 thousand for 2025 (change $152,169 thousand) source
- Nine months ended June 30, 2026 pipeline and storage segment total operating revenues: $908,975 thousand vs $786,777 thousand for 2025 (change $122,198 thousand) source
- Three months ended June 30, 2026 distribution segment operating revenues: $774,658 thousand vs $767,132 thousand for 2025 (change $7,526 thousand) source
- Weather normalization adjustments (WNA) have been approved for approximately 97 percent of Atmos Energy's residential and commercial revenues in the listed states and time periods source
- Three months ended June 30, 2026 consolidated distribution average cost of gas per Mcf sold: $6.34 vs $6.24 for 2025 (change $0.10) source
- Nine months ended June 30, 2026 consolidated distribution average cost of gas per Mcf sold: $6.98 vs $6.43 for 2025 (change $0.55) source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | realized | +17.3% | Nine months ended June 30, 2026 distribution segment operating revenues: $3,911,164 thousand vs $3,758,995 thousand for 2025 (change… |
| revenue | positive | realized | +13.9% | Nine months ended June 30, 2026 pipeline and storage segment total operating revenues: $908,975 thousand vs $786,777 thousand for 2025… |
| revenue | positive | realized | +6.9% | Three months ended June 30, 2026 pipeline and storage segment total operating revenues: $333,053 thousand vs $272,388 thousand for 2025… |
| operating_income | positive | realized | +3.0% | Distribution segment Mid-Tex operating income for the three months ended June 30, 2026: $74,313 thousand vs $48,244 thousand for 2025… |
| revenue | positive | realized | +0.9% | Three months ended June 30, 2026 distribution segment operating revenues: $774,658 thousand vs $767,132 thousand for 2025 (change $7,526… |