Profile: Atmos Energy Corp (ATO.N)
26 Dec 2014
Atmos Energy Corporation (Atmos Energy), incorporated on February 6, 1981, is engaged primarily in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses. The Company delivers natural gas through regulated sales and transportation arrangements to over three million residential, commercial, public authority and industrial customers in nine states located primarily in the South. The Company also operates intrastate pipelines in Texas based on miles of pipe. The Company operates in three segments: natural gas distribution segment, regulated transmission and storage segment and nonregulated segment. On April 1, 2013, the Company completed the sale of substantially all of its natural gas distribution assets and certain related nonregulated assets located in Georgia to Liberty Energy (Georgia) Corp.
Natural Gas Distribution Segment
The Company operates its natural Gas Distribution Segment through six regulated divisions: Atmos Energy Mid-Tex Division; Atmos Energy Kentucky/Mid-States Division; Atmos Energy Louisiana Division; Atmos Energy West Texas Division; Atmos Energy Mississippi Division, and Atmos Energy Colorado-Kansas Division. This segment represents approximately 65%of its consolidated net income. The Company's natural gas distribution business is a seasonal business. In addition, the Company transports natural gas for others through its distribution system.
Regulated Transmission and Storage Segment
Regulated Transmission and Storage Segment transports natural gas to the Company’s Mid-Tex Division, transports natural gas for third parties and manages five underground storage reservoirs in Texas. The Company also provides ancillary services customary in the pipeline industry, including parking and lending arrangements and sales of inventory on hand. Regulated transmission and storage segment consists of the regulated pipeline and storage operations of its Atmos Pipeline-Texas Division (APT).
The Company’s nonregulated activities are conducted through Atmos Energy Holdings, Inc. (AEH), which is a wholly owned subsidiary of Atmos Energy Corporation and operates primarily in the Midwest and Southeast areas of the United States. In its nonregulated operations, it buys, sells and delivers natural gas at prices by aggregating and purchasing gas supply, arranging transportation and storage logistics and managing commodity price risk.
Atmos Energy Corp
5430 Lbj Freeway, 1800 Three Lin
DALLAS TX 75240