Atmos Energy (ATO) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The sequential growth was substantial, while the year-over-year rise was modest.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q2
Revenue for the quarter increased compared to both the prior quarter and the same quarter a year ago. The sequential growth was substantial, while the year-over-year rise was modest.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.6B
Revenue reported for this quarter.
Quarter-over-quarter
+42.2%
Change from the immediately preceding quarter.
Year-over-year
+6.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$4.1B
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 |
|---|---|---|
| Jun 30, 2023 | $662.7M | -18.8% |
| Sep 30, 2023 | $587.6M | -18.7% |
| Dec 31, 2023 | $1.2B | -21.9% |
| Mar 31, 2024 | $1.6B | +6.9% |
Revenue performance
The reported revenue reflected a sharp sequential upturn from the immediately preceding quarter, and a more gradual year-over-year gain.
Quarterly comparison
Compared with the prior quarter, revenue rose significantly; compared with the same quarter one year earlier, revenue also increased but at a slower pace.
What to watch
Monitor whether the pace of sequential revenue growth can be sustained in the coming quarters.