Distribution was Atmos Energy’s largest segment in fiscal 2025, bringing in $4.43B of $4.70B (94%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Distribution | $4.04B | $4.10B | $3.92B | $4.43B | |||||||||||||
| Natural Gas Distribution | — | — | — | — | |||||||||||||
| Regulated Distribution | — | — | — | — | |||||||||||||
| Nonregulated | — | — | — | — | |||||||||||||
| Pipeline & Storage | $693.66M | $785.17M | $938.03M | $1.07B | |||||||||||||
| Regulated Pipeline | — | — | — | — | |||||||||||||
| Regulated Transmission & Storage | — | — | — | — | |||||||||||||
| Intersegment Eliminations | — | -$609.51M | -$687.98M | -$787.94M | |||||||||||||
| Eliminations | -$527.19M | — | — | — | |||||||||||||
| Intersegment Elimination | — | — | — | — | |||||||||||||
| Total | $4.20B | $4.28B | $4.17B | $4.70B |
Atmos Energy brought in $4.70B from its three segments in fiscal 2025, the year ended September 30, 2025. That was up 12.9% from $4.17B in fiscal 2024. Distribution was the largest at $4.43B (94.1%), ahead of Pipeline & Storage at $1.07B (22.7%).
Compared with fiscal 2024, Pipeline & Storage grew 13.6% to $1.07B and Distribution grew 13.0% to $4.43B.
Atmos Energy began breaking out Intersegment Eliminations in fiscal 2023, when it brought in -$609.51M. The total is net of Intersegment Eliminations, which took $787.94M off revenue in fiscal 2025.
Atmos Energy (ATO) reports its revenue by segment. In fiscal 2025, Distribution was its largest segment, bringing in $4.43B (94.1% of the total), followed by Pipeline & Storage at $1.07B (22.7%).
Distribution was Atmos Energy's largest segment in fiscal 2025, bringing in $4.43B, or 94.1% of the $4.70B total across its three segments.
Pipeline & Storage grew faster than Distribution in fiscal 2025, up 13.6% from $938.03M to $1.07B. Distribution grew 13.0% to $4.43B.
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.