ATO · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

ATMOS ENERGY CORP · 2026-08-05 · Importance 42 · Surprise 6

Atmos Energy had $3.1 billion of total availability under four committed revolving credit facilities and a $1.5 billion commercial paper program as of June 30, 2026. The company had $4.5 billion of capacity remaining under its $8.0 billion shelf registration statement, plus $506.5 million available under its ATM equity program and $936.8 million of proceeds available from outstanding forward sale agreements. Management stated that these liquidity sources were expected to fund working capital and the fiscal 2026 capital expenditure program for the remainder of the year. Cash, cash equivalents and restricted cash ended June 30, 2026 at $525.8 million, down $187.8 million from $713.6 million a year earlier.

Key facts

We have a $1.5 billion commercial paper program and four committed revolving credit facilities with $3.1 billion in total availability from third-party lenders. source
As of June 30, 2026, total liquidity was approximately $4.6 billion consisting of $521.0 million cash and cash equivalents, $936.8 million available through equity forward sales agreements, and $3,094.4 million undrawn capacity under credit facilities source
We were in compliance with all of our debt covenants as of June 30, 2026. source
Cash and cash equivalents and restricted cash and cash equivalents at end of period for the nine months ended June 30, 2026 were $525,809 (in thousands). source
Shareholders’ equity was $15,258,058 (in thousands), representing 59.8% of capitalization as of June 30, 2026. source
Total capitalization was $25,509,316 (in thousands) representing 100.0% as of June 30, 2026. source
The liquidity provided by these sources is expected to be sufficient to fund the Company's working capital needs and capital expenditure program for the remainder of fiscal year 2026. source
S&P rates our senior unsecured long-term debt A- and Moody’s rates it A2, and the outlooks are Stable. source