During the three months ending September 30, Atmos spent about $1.1 billion on capital projects, which is about 14 percent more than the $963.6 million it spent during the same period in 2025.
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Atmos Energy continues spending more, increasing its revenues and raising residential rates, according to data released by the Dallas-based utility company.
During the three months ending September 30, Atmos reports expenditures of about $1.1 billion on capital projects, or approximately 14 percent more than the $963.6 million it spent during the same period in 2025. Across those same periods, operating income increased $39.8 million, from $219.5 million to $259.3 million.
All told Atmos reports spending $4.2 billion on capital projects for the entirety of fiscal 2026. That’s up from the $3.6 billion it spent in FY 2025. The company also reported approximately $1.9 billion in operating income during FY 2026, and net income overall of $1.4 billion for the year. These figures likewise represent increases over FY 2025.
The company likewise reported that average monthly bills this year were $82, which is up from last year. The company projects they will continue rising to $132 in 2031, or a 61 percent rise over five years.
These top-line figures and others were released by Atmos executives on Nov. 5 during its regular quarterly call with financial analysts. Other call details include:
Atmos reported operating income of $86.4 million from its distribution systems during the quarter ending Sept. 30, and $172.9 million over the same period from its pipeline and storage holdings. These are increases over the reported income from same period in 2025.
OTHER DETAILS
- Operating income over the quarter was the result of a $37.3 million net income increase from rate adjustments, as well as a $7 million increase due to customer growth. Revenues also were driven in part by a $27.6 million net increase from a Texas Gas Reliability Infrastructure Program filing; and approximately $20.5 million in cost deferrals relating to infrastructure spending on its distribution, pipeline and storage sectors.
- During the entirety of the fiscal year ending Sept. 30, Atmos reported $1.1 billion in operating income from its distribution systems and $748.6 million in income from its pipeline and storage systems. These are increases over reported income during the previous fiscal year.
- Over the 2026 fiscal year, the company spent $2.2 billion on repairing and replacing transmission and distribution pipelines; $499 million on service line replacements, $314 million on installing and replacing measurement and regulating equipment, $310 million on enhanced storage facilities, and $129 million on pipeline integrity projects.
- Recent increases in Texas include a $244.4 million increase from a Rate Review Mechanism proceeding for the Mid-Tex region around Dallas and Fort Worth. That increase was implemented on Oct. 1. Atmos also reported a $10.9 RRM increase for that part of its service territory served by West Texas Cities. That increase also was implemented Oct. 1.
- The increased spending, revenues, and rate increases have led to higher dividends for shareholders. The company reported a 14.9 percent increase in the annual dividend. This represents the 42nd consecutive year of rising dividends for the company’s shareholders.
About Atmos
Atmos Energy is the country’s largest natural gas-only distributor. The company serves more than 3.3 million distribution customers in over 1,400 communities across eight states located primarily in the South. Atmos also manages proprietary pipeline and storage assets. Its most substantial holdings are in Texas.