Atmos Energy (ATO) Revenue — Quarter Ended Jun 30, 2023
Atmos Energy reported lower revenue for the quarter compared with both the prior quarter and the same period a year ago. The decline was notably steeper on a sequential basis.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q3
Atmos Energy reported lower revenue for the quarter compared with both the prior quarter and the same period a year ago. The decline was notably steeper on a sequential basis.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$662.7M
Revenue reported for this quarter.
Quarter-over-quarter
-57.0%
Change from the immediately preceding quarter.
Year-over-year
-18.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Sep 30, 2022 | $722.6M | +27.1% |
| Dec 31, 2022 | $1.5B | +46.5% |
| Mar 31, 2023 | $1.5B | -6.6% |
| Jun 30, 2023 | $662.7M | -18.8% |
Revenue performance
Revenue in the reported quarter decreased, reversing the higher level seen in the previous quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue fell sharply, and it was also lower than the same quarter one year earlier, though the year-over-year decline was less severe.
What to watch
The steep sequential decline may be a key point to monitor in future filings.