Filing Flows › Atmos Energy (ATO) › Q2 FY26 › vs Q1 FY26
Atmos Energy (ATO) Q2 FY26 vs Q1 FY26 (quarter over quarter)
Atmos Energy's revenue rose $620M (+46%) from $1.3B in Q1 FY26 to $2.0B in Q2 FY26. The biggest changes: Distribution segment +$619M (+49%); Pipeline and storage segment +$955K (+1%). Operating margin 39.0% against 38.3% (+0.6 pts).
Atmos Energy, Q2 FY26: revenue $2.0B (+0.6% year over year), operating margin 39.0%, net earnings $582M, operating cash flow $723M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q2 FY26 | Q1 FY26 | Change | |
|---|---|---|---|
| Operating margin | 39.0% | 38.3% | +0.6 pts |
| Net margin | 29.7% | 30.0% | -0.4 pts |
Every line
| Line | Q2 FY26 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Distribution segment | $1.9B | $1.3B | $619M | +49% |
| Pipeline and storage segment | $85.5M | $84.5M | $955K | +1% |
| Revenue | $2.0B | $1.3B | $620M | +46% |
| Operating profit | $765M | $515M | $250M | +49% |
| Costs & expenses | $1.2B | $828M | $370M | +45% |
| Pre-tax earnings | $734M | $504M | $230M | +46% |
| Other expense, net | $31.2M | $11.2M | $20.0M | +179% |
| Net earnings | $582M | $403M | $179M | +44% |
| Income tax | $152M | $101M | $51.1M | +51% |
| Depreciation & amortization | $196M | $195M | $1.0M | +0.5% |
| Working capital & other | $54.1M | $290M | −$235M | -81% |
| Operating cash flow | $723M | $308M | $415M | +135% |
| Capital expenditures | $1.0B | $1.0B | −$29.8M | -3% |
| Negative free cash flow (OCF − capex) | $280M | $725M | −$445M | -61% |
Questions
How much did Atmos Energy's revenue grow quarter over quarter in Q2 FY26?
Atmos Energy's revenue rose $620M (+46%) from $1.3B in Q1 FY26 to $2.0B in Q2 FY26.
What drove Atmos Energy's revenue change in Q2 FY26?
Distribution segment +$619M (+49%); Pipeline and storage segment +$955K (+1%).