Atmos Energy (ATO) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential rise was substantial, while the annual decline was observed.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q1
Revenue for the quarter increased compared to the immediately preceding quarter but decreased compared to the same quarter one year earlier. The sequential rise was substantial, while the annual decline was observed.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2B
Revenue reported for this quarter.
Quarter-over-quarter
+97.1%
Change from the immediately preceding quarter.
Year-over-year
-21.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$3.9B
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 |
|---|---|---|
| Mar 31, 2023 | $1.5B | -6.6% |
| Jun 30, 2023 | $662.7M | -18.8% |
| Sep 30, 2023 | $587.6M | -18.7% |
| Dec 31, 2023 | $1.2B | -21.9% |
Revenue performance
Reported revenue moved upward from the prior quarter, yet remained below the level achieved in the same period a year ago.
Quarterly comparison
Compared with the preceding quarter, revenue showed a strong increase. In contrast, when measured against the same quarter of the previous year, revenue was lower.
What to watch
Regulatory rate proceedings remain an ongoing factor that could affect future revenue adjustments.