Companies
Atmos Energy
S&P 500Utilities· USA

ATO

Dependent

Atmos Energy

$187.75

-1.38%

Open $190.26·Prev $190.37

as of 13 Apr

DEPENDENT

Power Core

Atmos Energy's moat is the compounding effect of regulatory-approved capital investment into safety-mandated pipeline replacement, where the rate base grows because regulators require it to grow.

Published1 Apr 2026
UniverseS&P 500
SectorUtilities

Direction of Movement

Steady Execution With Emerging Headwinds at the Margins

ROC 200

+24.3%

Referenced in 2 other analyses

Company Profile

Atmos Energy Corporation is a leading fully regulated natural gas utility operating in the United States. It engages in the regulated distribution of natural gas and related pipeline and storage operations through two primary segments: Distribution and Pipeline and Storage. The Distribution segment delivers natural gas to over 3.4 million residential, commercial, public authority, industrial, and electric generation customers across eight states, including Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia, supported by approximately 76,000 miles of underground distribution lines. The Pipeline and Storage segment manages intrastate pipelines and storage facilities, particularly in key shale gas regions. Atmos Energy Corporation emphasizes system modernization, safety, reliability, and infrastructure maintenance to ensure continuous service. Its operations include gas delivery, integrity programs, transmission connections, and customer programs focused on billing, conservation, and energy efficiency. Founded in 1983 and headquartered in Dallas, Texas, Atmos Energy Corporation plays a vital role in providing safe, clean, and efficient natural gas distribution as the largest pure-play natural gas utility in the nation.

Sector

Utilities

Industry

Utilities - Regulated Gas

Employees

5,487

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