Filing Flows › Atmos Energy (ATO) › Q3 FY26 › vs Q2 FY26
Atmos Energy (ATO) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Atmos Energy's revenue fell $1.1B (-55%) from $2.0B in Q2 FY26 to $879M in Q3 FY26. The biggest changes: Distribution segment −$1.1B (-59%); Pipeline and storage segment +$19.7M (+23%). Operating margin 36.4% against 39.0% (-2.5 pts).
Atmos Energy, Q3 FY26: revenue $879M (+5% year over year), operating margin 36.4%, net earnings $243M, operating cash flow $640M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Operating margin | 36.4% | 39.0% | -2.5 pts |
| Net margin | 27.6% | 29.7% | -2.0 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Distribution segment | $774M | $1.9B | −$1.1B | -59% |
| Pipeline and storage segment | $105M | $85.5M | $19.7M | +23% |
| Revenue | $879M | $2.0B | −$1.1B | -55% |
| Operating profit | $320M | $765M | −$444M | -58% |
| Costs & expenses | $559M | $1.2B | −$639M | -53% |
| Pre-tax earnings | $303M | $734M | −$430M | -59% |
| Other expense, net | $17.1M | $31.2M | −$14.1M | -45% |
| Net earnings | $243M | $582M | −$339M | -58% |
| Income tax | $60.6M | $152M | −$91.1M | -60% |
| Depreciation & amortization | $202M | $196M | $5.8M | +3% |
| Working capital & other | $196M | −$54.1M | $250M | — |
| Operating cash flow | $640M | $723M | −$83.6M | -12% |
| Capital expenditures | $1.0B | $1.0B | $35.8M | +4% |
| Negative free cash flow (OCF − capex) | $399M | $280M | $119M | +43% |
Questions
How much did Atmos Energy's revenue grow quarter over quarter in Q3 FY26?
Atmos Energy's revenue fell $1.1B (-55%) from $2.0B in Q2 FY26 to $879M in Q3 FY26.
What drove Atmos Energy's revenue change in Q3 FY26?
Distribution segment −$1.1B (-59%); Pipeline and storage segment +$19.7M (+23%).