Filing Flows › Atmos Energy (ATO) › Q2 FY26 › vs Q2 FY25
Atmos Energy (ATO) Q2 FY26 vs Q2 FY25 (year over year)
Atmos Energy's revenue rose $11.9M (+0.6%) from $2.0B in Q2 FY25 to $2.0B in Q2 FY26. The biggest changes: Pipeline and storage segment +$16.7M (+24%); Distribution segment −$4.8M (-0.3%). Operating margin 39.0% against 32.2% (+6.7 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 Q2 FY25, the increases inside each band.
Margins
| Q2 FY26 | Q2 FY25 | Change | |
|---|---|---|---|
| Operating margin | 39.0% | 32.2% | +6.7 pts |
| Net margin | 29.7% | 24.9% | +4.8 pts |
Every line
| Line | Q2 FY26 | Q2 FY25 | Change | % |
|---|---|---|---|---|
| Distribution segment | $1.9B | $1.9B | −$4.8M | -0.3% |
| Pipeline and storage segment | $85.5M | $68.8M | $16.7M | +24% |
| Revenue | $2.0B | $2.0B | $11.9M | +0.6% |
| Operating profit | $765M | $629M | $136M | +22% |
| Costs & expenses | $1.2B | $1.3B | −$124M | -9% |
| Pre-tax earnings | $734M | $603M | $130M | +22% |
| Other expense, net | $31.2M | $25.8M | $5.4M | +21% |
| Net earnings | $582M | $486M | $96.3M | +20% |
| Income tax | $152M | $118M | $34.2M | +29% |
| Depreciation & amortization | $196M | $183M | $12.9M | +7% |
| Working capital & other | $54.1M | −$255M | $309M | — |
| Operating cash flow | $723M | $923M | −$199M | -22% |
| Capital expenditures | $1.0B | $840M | $164M | +20% |
| Negative free cash flow (OCF − capex) | $280M | −$83.3M | $363M | — |
Questions
How much did Atmos Energy's revenue grow year over year in Q2 FY26?
Atmos Energy's revenue rose $11.9M (+0.6%) from $2.0B in Q2 FY25 to $2.0B in Q2 FY26.
What drove Atmos Energy's revenue change in Q2 FY26?
Pipeline and storage segment +$16.7M (+24%); Distribution segment −$4.8M (-0.3%).