Atmos Energy Corp. Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Atmos Energy Corp. has submitted its quarterly report (10-Q) for the period ending December 31, 2023, providing an update on its financial performance and operational segments.</b>

AI Summary

ATMOS ENERGY CORP (ATO) filed a Quarterly Report (10-Q) with the SEC on February 6, 2024. Atmos Energy Corp. filed a 10-Q report for the period ending December 31, 2023. The filing covers the first quarter of fiscal year 2024. The company's fiscal year ends on September 30th. Key segments include Distribution and Pipeline & Storage. The report details financial information for the periods ending December 31, 2023, and December 31, 2022.

Why It Matters

For investors and stakeholders tracking ATMOS ENERGY CORP, this filing contains several important signals. This 10-Q filing provides crucial insights into Atmos Energy's financial health and operational performance during the first quarter of its fiscal year 2024, enabling investors to assess recent trends and make informed decisions. The detailed segment information for Distribution and Pipeline & Storage allows for a granular understanding of where the company is generating revenue and its operational focus.

Risk Assessment

Risk Level: low — ATMOS ENERGY CORP shows low risk based on this filing. The filing is a standard quarterly report and does not contain immediate red flags, indicating a routine disclosure of financial information.

Analyst Insight

Monitor future filings for specific financial performance metrics and segment growth to assess the company's trajectory.

Revenue Breakdown

Key Numbers

• 2023-12-31 — Report Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-02-06 — Filing Date (FILED AS OF DATE)
• 2023-10-01 — Quarter Start Date (2023-10-01 2023-12-31)
• 2022-10-01 — Prior Year Quarter Start Date (2022-10-01 2022-12-31)

Key Players & Entities

• ATMOS ENERGY CORP (company) — FILER
• NATURAL GAS DISTRIBUTION (company) — STANDARD INDUSTRIAL CLASSIFICATION
• TX (company) — STATE OF INCORPORATION
• ENERGAS CO (company) — FORMER COMPANY
• ATO (company) — tk

FAQ

Industry Context

Atmos Energy Corp. operates in the natural gas distribution industry, providing essential energy services to residential, commercial, and industrial customers.

Regulatory Implications

The company is subject to various state and federal regulations governing the natural gas industry, including safety standards and rate-setting.

What Investors Should Do

1. Review the full 10-Q for detailed financial statements and management's discussion and analysis.
2. Analyze segment performance for trends in revenue and operational efficiency.
3. Compare current quarter results to the prior year's quarter for year-over-year performance assessment.

Year-Over-Year Comparison

This filing represents the quarterly update for the period ending December 31, 2023, following previous filings for the company.

Filing Documents

• ato-20231231.htm (10-Q) — 1370KB
• ato20231231ex-15.htm (EX-15) — 3KB
• ato20231231ex-31.htm (EX-31) — 18KB
• ato20231231ex-32.htm (EX-32) — 11KB
• 0000731802-24-000006.txt (&nbsp;) — 8323KB
• ato-20231231.xsd (EX-101.SCH) — 54KB
• ato-20231231_cal.xml (EX-101.CAL) — 68KB
• ato-20231231_def.xml (EX-101.DEF) — 282KB
• ato-20231231_lab.xml (EX-101.LAB) — 690KB
• ato-20231231_pre.xml (EX-101.PRE) — 461KB
• ato-20231231_htm.xml (XML) — 1505KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements ATMOS ENERGY CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS December 31, 2023 September 30, 2023 (Unaudited) (In thousands, except share data) ASSETS Property, plant and equipment $ 23,683,937 $ 22,898,374 Less accumulated depreciation and amortization 3,364,456 3,291,791 Net property, plant and equipment 20,319,481 19,606,583 Current assets Cash and cash equivalents 278,315 15,404 Restricted cash and cash equivalents 7,130 3,844 Cash and cash equivalents and restricted cash and cash equivalents 285,445 19,248 Accounts receivable, net (See Note 6) 646,401 328,654 Gas stored underground 220,944 245,830 Other current assets 526,927 292,036 Total current assets 1,679,717 885,768 Securitized intangible asset, net (See Note 9) 90,036 92,202 Goodwill 731,257 731,257 Deferred charges and other assets 863,752 1,201,158 $ 23,684,243 $ 22,516,968 CAPITALIZATION AND LIABILITIES Shareholders' equity Common stock, no par value (stated at $ 0.005 per share); 200,000,000 shares authorized; issued and outstanding: December 31, 2023 — 150,834,397 shares; September 30, 2023 — 148,492,783 shares $ 754 $ 742 Additional paid-in capital 6,945,795 6,684,120 Accumulated other comprehensive income 468,592 518,528 Retained earnings 3,858,068 3,666,674 Shareholders' equity 11,273,209 10,870,064 Long-term debt, net 7,444,195 6,554,133 Securitized long-term debt (See Note 9) 85,078 85,078 Total capitalization 18,802,482 17,509,275 Current liabilities Accounts payable and accrued liabilities 416,694 336,083 Other current liabilities 742,304 763,086 Short-term debt — 241,933 Current maturities of long-term debt 1,561 1,568 Current maturities of securitized long-term debt (See Note 9) 9,922 9,922 Total current liabilities 1,170,481 1,352,592 Deferred income taxes 2,379,421 2,304,974 Regulatory excess deferred taxes 231,981 253,212 Regulatory cost of removal obligation 498,135 497,017 Deferred credits and other liab

View Full Filing

View this 10-Q filing on SEC EDGAR