Atmos Energy (ATO) Revenue — Quarter Ended Jun 30, 2024
Revenue for the reported quarter decreased substantially from the preceding quarter but increased compared to the same quarter one year earlier. The year-over-year improvement contrasts with the sharp sequential decline.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q3
Revenue for the reported quarter decreased substantially from the preceding quarter but increased compared to the same quarter one year earlier. The year-over-year improvement contrasts with the sharp sequential decline.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$701.5M
Revenue reported for this quarter.
Quarter-over-quarter
-57.4%
Change from the immediately preceding quarter.
Year-over-year
+5.9%
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 |
|---|---|---|
| Sep 30, 2023 | $587.6M | -18.7% |
| Dec 31, 2023 | $1.2B | -21.9% |
| Mar 31, 2024 | $1.6B | +6.9% |
| Jun 30, 2024 | $701.5M | +5.9% |
Revenue performance
The quarter's revenue fell sharply from the prior quarter, while still showing a gain over the year-ago period.
Quarterly comparison
When measured against the immediately preceding quarter, revenue was lower by a significant margin. However, relative to the same quarter a year ago, revenue was higher.
What to watch
The magnitude of the sequential revenue drop is a notable shift from the prior trend.