Atmos Energy Corporation (ATO)
Atmos Energy Corporation operates in the Regulated Gas industry of the Utilities sector, headquartered in Dallas, TX, US. The stock last traded at $170.15, up 0.56% on the session, giving a market capitalisation of $28.40B. On trailing twelve-month figures it carries a trailing P/E of 20.04, a net margin of 28.5%. Its beta of 0.60 implies it has historically moved less than the broad market.
Atmos Energy Corporation, alongside its subsidiaries, is a U.S.-based enterprise primarily involved in the regulated distribution of natural gas, as well as operating pipeline and storage facilities. The company functions through two core divisions: Distribution, and Pipeline and Storage. The Distribution division manages the regulated delivery and associated sales of natural gas across eight states. This division supplies natural gas to approximately three million customers, encompassing homeowners, businesses, public agencies, and industrial clients. By September 30, 2021, its extensive infrastructure comprised 71,921 miles of subterranean distribution and transmission lines. Conversely, the Pipeline and Storage division focuses on pipeline and storage activities. It is responsible for transporting natural gas on behalf of other entities and oversees five underground storage facilities located in Texas. Additionally, it offers various support services to the pipeline sector, such as gas parking, lending, and inventory transactions. As of September 30, 2021, this division maintained a network of 5,699 miles of gas transmission lines. Established in 1906, Atmos Energy Corporation maintains its principal office in Dallas, Texas.
Atmos Energy Corporation is most often compared with the following Utilities names: