Company:Atmos Energy

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Short description: American energy company
Atmos Energy Corporation
TypePublic
  • NYSE: ATO
  • DJUA component
  • S&P 500 component
IndustryEnergy
Founded1906
HeadquartersDallas, Texas, U.S.
Key people
J. Kevin Akers, President and CEO Kim R Cocklin, Executive Chairman of the Board
ProductsNatural gas
RevenueDecrease US$2.821 billion (2020)[1]
Increase US$824.099 million (2020)[2]
Increase US$601.433 million (2020)[2]
Total assetsIncrease US$15.359 billion (2020)[2]
Total equityIncrease US$6.791 billion (2020)[2]
Number of employees
4,628[3] (2018)
Websiteatmosenergy.com

Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors,[4] serving about three million natural gas distribution customers in over 1,400 communities in nine states[5] from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.[citation needed]

Atmos Energy also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas.[6]

History

Atmos Energy Corporation's history dates back to 1906 in the Panhandle of Texas. Over the years, through various business combinations and mergers, the company became known as Pioneer Corporation, a large diversified West Texas energy company. In 1981, the company was incorporated and became a fully regulated natural-gas-only distributor.[7]

In 1983, Energas, the natural gas distribution division of Pioneer, was spun off and became an independent, publicly held natural gas distribution company. In October 1988, Energas changed its corporate name to Atmos Energy Corporation and its stock began trading on the New York Stock Exchange under the ticker symbol "ATO". https://www.nyse.com/about/listed/lcddata.html?ticker=ATO. 

Atmos Energy has grown through acquisitions, its most recent acquisition was the distribution and pipeline operations of TXU Gas Company in October 2004. Today, Atmos Energy Corporation is one of the largest all-natural-gas distributors in the United States. Atmos sold the Gaffney, South Carolina operations of United Cities Gas to Piedmont Natural Gas in 2000.[8] Atmos sold its Missouri, Iowa, Illinois, and Georgia operations to Liberty Utilities in 2012 and 2013.[9][10]

Utility Operations

Colorado-Kansas Division

  • Formerly Greeley Gas, acquired 1993;[11] added Kansas units of United Cities Gas in 1999[12]

Kentucky/Mid-States Division

  • Western Kentucky Gas Company acquired 1989 from Texas American Energy;[13] United Cities Gas acquired 1997[14]

Louisiana Division

  • Trans Louisiana Gas acquired 1988, Louisiana Gas Service acquired 2001 from Citizens Utilities[15]

Mid-Tex Division

  • Formerly Lone Star Gas and TXU Gas, acquired 2004[16]

Mississippi Division

  • Formerly Mississippi Valley Gas, acquired 2001[17]

West Texas Division

  • Formerly Amarillo Gas, Pioneer Natural Gas, and Energas

Non-Utility Operations

Atmos Pipeline - Texas

Atmos Pipeline - Texas is an intrastate natural gas transmission pipeline network which is connected to three major Texas market centers at Waha, Carthage, and Katy. The Atmos Pipeline - Texas Pipeline infrastructure is located at or near existing, new and proposed gas production fields including the Barnett Shale in north Texas and the Bossier Sand in east Texas. Atmos Pipeline - Texas' system includes approximately 6,000 miles of transmission pipelines within the state of Texas. The Atmos Pipeline - Texas system transports gas to the largest local distribution company in the state of Texas along with other smaller utilities, industrial end-users, independent power plants, and other pipelines.

Gas Supply and Services

Atmos Energy Gas Supply and Planning (Gas Supply) acquires the natural gas supply for the gas requirements of Atmos Energy's residential, commercial and industrial sales customers located in various states. Annual purchases are approximately 290-300 Bcf for its distribution customers. Gas Supply acquires natural gas from a diverse portfolio of wellhead producers and commercial suppliers utilizing a combination of long and short term commitments, including purchases from the daily spot market.[citation needed]

Charles K. Vaughan Center

Named after the first chairman and CEO, the Charles K. Vaughan Center is a technical training facility designed for new technicians and veterans who must be certified and recertified on a regular basis. Located in Plano, TX, the most visible aspect of the Vaughan Center is Gas City, an area designed to enable employees to practice and enhance their professional and safety skills. The area was built to resemble a simulated community with houses, mini-apartments, commercial buildings along with city streets having natural gas infrastructure, and a short gas transmission pipeline with pig launchers.[18]

See also

  • List of S&P 500 companies

References

  1. ↑ "Atmos Energy Corporation 10K". U.S. Securities and Exchange Commission. https://www.sec.gov/ix?doc=/Archives/edgar/data/731802/000073180220000040/ato202093010-k.htm. 
  2. ↑ 2.0 2.1 2.2 2.3 "Atmos Energy Corporation 10K". U.S. Securities and Exchange Commission. http://edgar.secdatabase.com/1196/73180213000017/filing-main.htm. 
  3. ↑ "Atmos Energy Corporation 10K form". https://www.atmosenergy.com/sites/default/files/10-k_18_0.pdf. 
  4. ↑ "Atmos Energy | Best Southwest Partnership, TX" (in en). http://www.bestsouthwest.org/1250/Atmos-Energy. 
  5. ↑ "Atmos Energy, Form 8-K, Current Report, Filing Date Jan 3, 2013". secdatabase.com. http://edgar.secdatabase.com/2514/119312513002481/filing-main.htm. Retrieved Jan 16, 2013. 
  6. ↑ "Advises Atmos Energy Corporation". https://www.shearman.com/news-and-events/news/2017/12/advises-atmos-energy-corporation. 
  7. ↑ Editorial, Reuters. "Company Profile | Reuters.com" (in en-US). https://www.reuters.com/finance/stocks/company-profile/ATO. 
  8. ↑ Atmos to Sell City Gas System in South Carolina
  9. ↑ Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
  10. ↑ "Liberty Utilities Completes Acquisition of Atmos Energy's Natural Gas Distribution Businesses in Georgia". http://www.libertyutilities.com/ga/about/news_04-01-13.html. Retrieved 2015-02-14. 
  11. ↑ "Atmos to acquire Greeley. (Atmos Energy; Greeley Gas)". The Oil Daily. 1993-03-30. http://www.highbeam.com/doc/1G1-13673775.html. Retrieved 2015-02-27. 
  12. ↑ United Cities gets new name
  13. ↑ "Texas firm purchases Western Kentucky Gas". Kentucky New Era: pp. 13–. 1987-06-30. https://news.google.com/newspapers?nid=266&dat=19870630&id=7-QrAAAAIBAJ&sjid=hQUGAAAAIBAJ&pg=5031,7495397. Retrieved 2015-02-27. 
  14. ↑ Atmos Energy completes merger with United Cities Gas
  15. ↑ Atmos Picks Up Citizens' Louisiana Distribution Assets
  16. ↑ Turner, Tyya N. (2005). "TXU Corp.". Vault Guide to the Top Energy & Oil/gas Employers. Vault Inc.. pp. 173–179. ISBN 9781581313185. 
  17. ↑ Atmos Energy to buy Mississippi Valley Gas for $150 million
  18. ↑ "Gas Training Takes Giant Leap Forward | Pipeline & Gas Journal". http://www.pipelineandgasjournal.com/gas-training-takes-giant-leap-forward. 

External links



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