Distribution was Atmos Energy’s largest segment in fiscal 2025, bringing in $2.92B of $3.98B (73%).
| Segment | FY 2009 | FY 2009 | FY 2010 | FY 2010 | FY 2010 | FY 2010 | FY 2011 | FY 2011 | FY 2011 | FY 2011 | FY 2012 | FY 2012 | FY 2012 | FY 2012 | FY 2013 | FY 2013 | FY 2013 | FY 2013 | FY 2014 | FY 2014 | FY 2014 | FY 2014 | FY 2015 | FY 2015 | FY 2015 | FY 2015 | FY 2016 | FY 2016 | FY 2016 | FY 2016 | FY 2017 | FY 2017 | FY 2017 | FY 2017 | FY 2018 | FY 2018 | FY 2018 | FY 2018 | FY 2019 | FY 2019 | FY 2019 | FY 2020 | FY 2020 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Distribution | $2.49B | $2.64B | $2.58B | $2.92B | |||||||||||||||||||||||||||||||||||||||||||||
| Natural Gas Distribution | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Regulatedandunregulatedoperatingrevenue | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Regulated Distribution | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Nonregulated | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Pipeline & Storage | $693.66M | $785.17M | $938.03M | $1.07B | |||||||||||||||||||||||||||||||||||||||||||||
| Regulated Transmission & Storage | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Regulated Pipeline | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Eliminations | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||||||||||||||||||||||||||||||||||||
| Total | $3.19B | $3.42B | $3.52B | $3.98B |
Atmos Energy brought in $3.98B from its two segments in fiscal 2025, the year ended September 30, 2025. That is less than the $4.25B it reports by major customers, so these segments do not cover all of its revenue. Distribution was the largest at $2.92B (73.2%), ahead of Pipeline & Storage at $1.07B (26.8%).
Compared with fiscal 2024, Pipeline & Storage grew 13.6% to $1.07B and Distribution grew 12.9% to $2.92B.
Natural Gas, Us Regulated was Atmos Energy’s largest product and service line in fiscal 2025, bringing in $2.92B of $3.09B (94%).
| Product and Service | FY 2012 | FY 2013 | FY 2014 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Natural Gas, Us Regulated | $3.91B | $3.97B | $2.92B | |||||
| Purchased Gas Cost | — | — | — | |||||
| Total Gas Sales Revenues | — | — | — | |||||
| Gas Sales Revenues | — | — | — | |||||
| Transportation Revenues | — | $119.37M | $149.85M | |||||
| Gas Transportation Revenues | — | — | — | |||||
| Other Gas Revenues | $11.14M | $11.92M | $26.48M | |||||
| Total | $3.92B | $4.10B | $3.09B |
Atmos Energy brought in $3.09B from its three product and service lines in fiscal 2025, the year ended September 30, 2025. That is less than the $4.25B it reports by major customers, so these lines do not cover all of its revenue. Natural Gas, Us Regulated was the largest at $2.92B (94.3%), ahead of Transportation Revenues at $149.85M (4.8%) and Other Gas Revenues at $26.48M (0.9%).
Compared with fiscal 2023, the previous year with figures, Transportation Revenues grew 25.5% to $149.85M, while Natural Gas, Us Regulated fell 26.5% to $2.92B.
Residential was Atmos Energy’s largest revenue line in fiscal 2025, bringing in $2.92B of $4.25B (69%).
| Major Customers | FY 2025 |
|---|---|
| Residential | $2.92B |
| Commercial | $1.15B |
| Industrial | $122.58M |
| Public Authority & Other | $52.61M |
| Total | $4.25B |
Atmos Energy brought in $4.25B from its four revenue lines in fiscal 2025, the year ended September 30, 2025. Residential was the largest at $2.92B (68.7%), ahead of Commercial at $1.15B (27.2%) and Industrial at $122.58M (2.9%). The remaining revenue line, Public Authority & Other, brought in $52.61M.
Atmos Energy (ATO) reports its revenue by segment, by product and service and by major customers. In fiscal 2025, Distribution was its largest segment, bringing in $2.92B (73.2% of the total), followed by Pipeline & Storage at $1.07B (26.8%).
Distribution was Atmos Energy's largest segment in fiscal 2025, bringing in $2.92B, or 73.2% of the $3.98B total across its two segments.
Natural Gas, Us Regulated was Atmos Energy's largest product and service line in fiscal 2025, bringing in $2.92B, or 94.3% of the $3.09B total across its three product and service lines.
Residential was Atmos Energy's largest revenue line in fiscal 2025, bringing in $2.92B, or 68.7% of the $4.25B total across its four revenue lines.
Pipeline & Storage grew faster than Distribution in fiscal 2025, up 13.6% from $938.03M to $1.07B. Distribution grew 12.9% to $2.92B.
Every figure comes from Atmos Energy's annual financial filings, as reported. Each line keeps the name Atmos Energy gives it, and years follow its fiscal calendar.
Atmos Energy's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.