Atmos Energy's quarterly profit rises on strength in gas distribution, pipelines

Reuters
2025/08/07
Atmos Energy's quarterly profit rises on strength in gas distribution, pipelines

Aug 6 (Reuters) - Atmos Energy ATO.N reported a rise in third-quarter profit on Wednesday, as the natural gas utility benefited from contribution from both its distribution and pipeline and storage segments.

Atmos' distribution segment delivers natural gas to about 3.3 million distribution customers in eight U.S. states. It also operates regulated utility operations in Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, Texas and Virginia.

U.S. natural gas utilities are seeing steady demand growth as record summer heat and surging power needs from data centers drive up electricity consumption, boosting gas-fired generation.

The U.S. Energy Information Administration estimates that power consumption will reach record highs this year, driven by growing electrification demands and an expansion in data centers fueled by artificial intelligence.

Atmos said quarterly earnings from its distribution segment rose 6% to $70 million, while its pipeline and storage unit earned $116 million, 16% higher than last year.

Its pipeline and storage segment is comprised primarily of the regulated pipeline and storage operations of the Atmos Pipeline-Texas division and its natural gas transmission operations in Louisiana.

The company, which also operates about 5,700 miles of transmission pipelines in Texas, reported that its operation and maintenance expenses rose to $662.4 million in the quarter ended June 30, compared with $557.5 million in the same period last year.

The Dallas, Texas-based company reported net income of $186.43 million, or $1.17 per share, for the quarter ended June 30, compared with $165.5 million, or $1.08 per share, last year.

(Reporting by Katha Kalia in Bengaluru; Editing by Alan Barona)

((Katha.Kalia@thomsonreuters.com))

应版权方要求,你需要登录查看该内容

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10