Atmos Energy Corp (ATO.N) Company Profile | Reuters.com
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Profile: Atmos Energy Corp (ATO.N)

ATO.N on New York Stock Exchange

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27 Jun 2016
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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 through the following three segments: The regulated distribution segment, which includes regulated distribution and related sales operations; the regulated pipeline segment, which includes the pipeline and storage operations of its Atmos Pipeline Texas Division and the nonregulated segment, which includes nonregulated natural gas management, nonregulated natural gas transmission, storage and other services.

Regulated Distribution Segment

The regulated distribution segment is comprised of six regulated natural gas distribution divisions. The Company operate in its service areas under terms of non-exclusive franchise agreements granted by the various cities and towns that it serves. As of September 30, 2014, the Company held 1,003 franchises having terms ranging from five to 35 years. The major franchises of the Company in this segment are located at Mid-Tex, Kentucky/Mid-States, Louisiana, West Texas, Mississippi and Colorado-Kansas. The major suppliers during fiscal 2014 were ConocoPhillips Company, Devon Gas Services, L.P., Enbridge Marketing (US) Inc., Enterprise Products Operating LLC, Iberdrola Energy Services, LLC, NJR Energy Services Company, Targa Gas Marketing LLC, Tenaska Gas Storage, LLC, Tenaska Marketing Ventures, Texla Energy Management, Inc. and Atmos Energy Marketing, LLC, its natural gas marketing subsidiary. This segment represents approximately 65 percent of the Company’s consolidated net income.

Regulated Pipeline Segment

The regulated pipeline segment consists of the regulated pipeline and storage operations of the Company’s Atmos Pipeline Texas Division (APT). APT is intrastate pipeline operations in Texas with a heavy concentration in the established natural gas-producing areas of central, northern and eastern Texas, extending into or near the major producing areas of the Barnett Shale, the Texas Gulf Coast and the Delaware and Val Verde Basins of West Texas. Through it, the Company transport natural gas to its Mid-Tex Division and to third parties and manage five underground storage reservoirs in Texas. The segment also provide ancillary services customary in the pipeline industry including parking and lending arrangements. This segment represents approximately 30 percent of the Company’s consolidated net income.

Nonregulated Segment

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. This segment represents approximately five percent of the Company’s net income.

Company Address

Atmos Energy Corp

1800 Three Lincoln Ctr,5430 Lbj
DALLAS   TX   75240
P: +1972.9349227
F: +1972.8553040

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