Atmos Energy Corp 2025年季度报告

(State or other jurisdiction ofincorporation or organization) emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growthcompany" in Rule12b-2 of the Exchange Act. (Check one):Large accelerated filerþAcceleratedfiler¨Non-acceleratedfiler¨Smallerreportingcompany☐Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with anynew or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.¨ Number of shares outstanding of each of the issuer’s classes of common stock, as of May2, 2025.ClassSharesOutstanding Common stockNo Par Value prospectively; however, retrospective application is also permitted. This amendment will be effective for our Form 10-K for fiscal 2026. Weare currently evaluating the impact this amendment may have on our financial statement disclosures. 7 fiscal years beginning after December 15, 2027. Early adoption is permitted. This amendment will be effective for our Form 10-K for fiscal2028 and our Form 10-Q for the first quarter of fiscal 2029. We are currently evaluating the impact this may have on our financial statement 3.RegulationAccounting principles generally accepted in the United States require cost-based, rate-regulated entities that meet certain criteria to reflect the authorized recovery of costs due to regulatory decisions in their financial statements. As a result, certain costs are permitted to becapitalized rather than expensed because they can be recovered through rates. We record certain costs as regulatory assets when futurerecovery through customer rates is considered probable. Regulatory liabilities are recorded when it is probable that revenues will be reducedfor amounts that will be credited to customers through the ratemaking process. Substantially all of our regulatory assets are recorded as acomponent of other current assets and deferred charges and other assets and our regulatory liabilities are recorded as a component of othercurrent liabilities and deferred credits and other liabilities. Deferred gas costs are recorded either in other current assets or liabilities. Regulatory assets:Pension and postretirement benefit costs Infrastructure mechanisms239,997Winter Storm Uri incremental costs(1) Deferred gas costs3,830Regulatory excess deferred taxes50,526Recoverable loss on reacquired debt2,987Deferred pipeline record collection costs39,899(2) $ Regulatory excess deferred taxesRegulatory cost of removal obligation 625,899Deferred gas costs54,794APT annual adjustment mechanism78,126Pension and postretirement benefit costs236,38251,006$1,275,303$ (1)Infrastructure mechanisms in Texas, Louisiana, and Tennessee allow for the deferral of all eligible expenses associated with capital expenditures incurred pursuant tothese rules, including the recording of interest on deferred expenses until the next rate proceeding (rate case or annual rate filing), at which time investment and costswould be recoverable through base rates.(2)Regulatory excess deferred taxes represent changes in our net deferred tax liability related to our cost of service ratemaking due to the enactment of Tax Cuts and JobsAct of 2017 (the "TCJA"), a Kansas legislative change enacted in fiscal 2020, and a Louisiana legislative change enacted in fiscal 2025. See Note 12 to the condensedconsolidated financial statements for further information.(3)In APT's general rate case settlement in December 2023, the RRC approved a new annual compliance filing that allows APT to recover certain system safety and 8 proceedings. 4.Segment InformationWe manage and review our consolidated operations through the following reportable segments:•Thedistribution segmentis comprised of our regulated natural gas distribution and related sales operations ineightstates. DistributionStorageEliminations(In thousands)Operating revenues from external parties$1,588,394$58,833$—$ Operation and maintenance expense154,95645,196(253)Depreciation and amortization expense121,38443,703—Taxes, other than income98,0088,948— Interest charges Income tax expense Capital expenditures$532,997$112,879$—$ Six Months Ended March 31, 2025DistributionPipeline andStorage Eliminations(In thousands)Operating revenues from external parties$2,990,311$136,190$—$ Intersegment revenues1,552378,199Total operating revenues Public authority and otherTotal gas sales revenues Transportation revenues43,352266,51437,607Miscellaneous revenues4,2224,2593,724Revenues from contracts with customers1,899,179270,7731,562,867Alternative revenue program revenues(20,117)(11,774)22,315Other revenues3,466—3,999 these gas costs through our gas cost recovery mechanisms in most of our jurisdictions. In December 2023, the Mississippi Public Service Commission approved the recovery of uncollectible accounts through our purchasedg