Atmos Energy Corp. Files Q3 2024 10-Q
Ticker: ATO · Form: 10-Q · Filed: Aug 7, 2024 · CIK: 731802
Sentiment: neutral
Topics: 10-Q, earnings, natural-gas, financials
Related Tickers: XCEL, SRE, DTE, NRG
TL;DR
Atmos Energy's Q3 2024 10-Q is in. Check financials for distribution & pipeline ops.
AI Summary
Atmos Energy Corp. reported its third-quarter results for the period ending June 30, 2024. The company's financial performance is detailed in this 10-Q filing, which includes segment information for its Distribution and Pipeline & Storage operations. Specific financial figures and operational data for the quarter and year-to-date are presented.
Why It Matters
This filing provides investors and analysts with the latest financial and operational data for Atmos Energy, crucial for understanding the company's performance in the natural gas distribution sector.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Numbers
- Q3 2024 — Reporting Period (The company is reporting on its third fiscal quarter ending June 30, 2024.)
- 20240807 — Filing Date (The date the 10-Q was officially submitted to the SEC.)
Key Players & Entities
- Atmos Energy Corp. (company) — Filer of the 10-Q
- 20240630 (date) — End of the reporting period
- 20240807 (date) — Filing date
- Dallas, TX (location) — Company headquarters
FAQ
What were the total revenues for the third quarter of fiscal year 2024?
The filing does not explicitly state the total revenue figure in the provided snippet, but it details segment revenues for the Distribution and Pipeline & Storage segments.
What is Atmos Energy Corp.'s fiscal year end?
Atmos Energy Corp.'s fiscal year ends on September 30 (0930).
What is the SIC code for Atmos Energy Corp.?
The Standard Industrial Classification (SIC) code for Atmos Energy Corp. is 4924, which corresponds to Natural Gas Distribution.
When was Atmos Energy Corp. formerly known as Energas Co.?
The company changed its name from ENERGAS CO. on October 24, 1988 (19881024).
What are the main operating segments of Atmos Energy Corp.?
The main operating segments are the Distribution Segment and the Pipeline and Storage Segment.
Filing Stats: 4,462 words · 18 min read · ~15 pages · Grade level 20 · Accepted 2024-08-07 16:48:31
Filing Documents
- ato-20240630.htm (10-Q) — 1818KB
- ato2024630ex-15.htm (EX-15) — 3KB
- ato2024630ex-31.htm (EX-31) — 18KB
- ato2024630ex-32.htm (EX-32) — 11KB
- 0000731802-24-000023.txt ( ) — 9826KB
- ato-20240630.xsd (EX-101.SCH) — 55KB
- ato-20240630_cal.xml (EX-101.CAL) — 70KB
- ato-20240630_def.xml (EX-101.DEF) — 276KB
- ato-20240630_lab.xml (EX-101.LAB) — 650KB
- ato-20240630_pre.xml (EX-101.PRE) — 468KB
- ato-20240630_htm.xml (XML) — 2011KB
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements ATMOS ENERGY CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 September 30, 2023 (Unaudited) (In thousands, except share data) ASSETS Property, plant and equipment $ 24,979,631 $ 22,898,374 Less accumulated depreciation and amortization 3,557,513 3,291,791 Net property, plant and equipment 21,422,118 19,606,583 Current assets Cash and cash equivalents 674,620 15,404 Restricted cash and cash equivalents 4,642 3,844 Cash and cash equivalents and restricted cash and cash equivalents 679,262 19,248 Accounts receivable, net 391,551 328,654 Gas stored underground 157,912 245,830 Other current assets 479,840 292,036 Total current assets 1,708,565 885,768 Securitized intangible asset, net (See Note 9) 84,998 92,202 Goodwill 731,257 731,257 Deferred charges and other assets 944,313 1,201,158 $ 24,891,251 $ 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: June 30, 2024 — 155,229,024 shares; September 30, 2023 — 148,492,783 shares $ 776 $ 742 Additional paid-in capital 7,463,334 6,684,120 Accumulated other comprehensive income 510,132 518,528 Retained earnings 4,208,834 3,666,674 Shareholders' equity 12,183,076 10,870,064 Long-term debt, net 7,785,196 6,554,133 Securitized long-term debt (See Note 9) 81,261 85,078 Total capitalization 20,049,533 17,509,275 Current liabilities Accounts payable and accrued liabilities 319,361 336,083 Other current liabilities 655,944 763,086 Short-term debt — 241,933 Current maturities of long-term debt 1,620 1,568 Current maturities of securitized long-term debt (See Note 9) 8,001 9,922 Total current liabilities 984,926 1,352,592 Deferred income taxes 2,549,829 2,304,974 Regulatory excess deferred taxes 195,505 253,212 Regulatory cost of removal obligation 515,629 497,017 Deferred credits and other liabilities 595,829 599,898