Filing Flows › Atmos Energy (ATO) › Q4 FY25
Atmos Energy (ATO) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Nov 14, 2025
Atmos Energy (ATO) reported revenue of $737M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and -12% from the quarter before. Operating margin was 29.8%, net earnings $175M (23.7% of revenue).
Atmos Energy, Q4 FY25: revenue $737M (+12% year over year), operating margin 29.8%, net earnings $175M, operating cash flow $348M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $737M | -12% | +12% |
| Operating profit | $219M | -13% | +19% |
| Net earnings | $175M | -6% | +31% |
| Operating cash flow | $348M | -30% | +5% |
What changed
Revenue was $737.5M in Q4 FY25, up 12% year over year and down 12% from the previous quarter. Distribution was the largest line at 90% of revenue.
Operating profit was $219.5M, a 29.8% margin (up 1.6 points year over year). Of the extra revenue versus Q4 FY24, 43% reached operating profit, above the 28% margin then. Total costs grew 10% against revenue growth of 12%. Net earnings were $174.9M, up 31% year over year. The effective tax rate was 17.9%.
Operating cash flow was $348.1M (up 5% year over year), 199% of net earnings. Non-cash charges added back $185.7M of depreciation and amortization. Capital expenditures of $963.6M exceeded it, leaving free cash flow of −$615.5M.
Questions
What was Atmos Energy's revenue in the fourth quarter fiscal 2025?
Atmos Energy (ATO) reported revenue of $737M for the fourth quarter fiscal 2025 (Q4 FY25), +12% from a year earlier and -12% from the quarter before.
Was Atmos Energy profitable in the fourth quarter fiscal 2025?
Operating profit was $219M (29.8% of revenue) and net earnings $175M.
Source: Atmos Energy 10-K on SEC EDGAR.