Atmos Energy

Atmos Energy
Public
Traded as NYSE: ATO
S&P 400 Component
Industry Energy
Founded 1906
Headquarters Dallas, Texas, United States
Products Natural gas
Revenue

Increase $ 3.886 billion (FY 2013)

[1]
Increase $ 501.879 million (FY 2013)[1]
Increase $ 243.194 million (FY 2013)[1]
Total assets Increase $ 7.940 billion (FY 2013)[1]
Total equity Increase $ 2.580 billion (FY 2013)[1]
Number of employees
 4,720 (September 2013)[1]
Website www.atmosenergy.com

Atmos Energy Corporation, headquartered in Dallas, Texas, is one of the United States' largest natural-gas-only distributors, serving over three million natural gas distribution customers in over 1,400 communities in nine states[2] from the Blue Ridge Mountains in the East to the Rocky Mountains in the West.

Atmos Energy also manages company-owned natural gas pipeline and storage assets, including one of the largest intrastate natural gas pipeline systems in Texas and provides natural gas marketing and procurement services to industrial, commercial and municipal customers primarily in the Midwest and Southeast.

History

Atmos Energy Corporation's history dates back to 1906 in the Panhandle of Texas. Over the years, through various business combinations and mergers, the company became known as Pioneer Corporation, a large diversified West Texas energy company. In 1983, Energas, the natural gas distribution division of Pioneer, was spun off and became an independent, publicly held natural gas distribution company. In October 1988, Energas changed its corporate name to Atmos Energy Corporation and its stock began trading on the New York Stock Exchange under the ticker symbol "ATO". 

Atmos Energy has grown through acquisitions, its most recent acquisition was the distribution and pipeline operations of TXU Gas Company in October 2004. Today, Atmos Energy Corporation is one of the largest all-natural-gas distributors in the United States. Atmos sold the Gaffney, South Carolina operations of United Cities Gas to Piedmont Natural Gas in 2000.[3] Atmos sold its Missouri, Iowa, Illinois, and Georgia operations to Liberty Utilities in 2012 and 2013.[4][5]

Utility Operations

Colorado-Kansas Division

Kentucky/Mid-States Division

Louisiana Division

Mid-Tex Division

Mississippi Division

West Texas Division

Non-Utility Operations

Atmos Pipeline - Texas

Atmos Pipeline - Texas is an intrastate natural gas transmission pipeline network which is connected to three major Texas market centers at Waha, Carthage, and Katy. The Atmos Pipeline - Texas Pipeline infrastructure is located at or near existing, new and proposed gas production fields including the Barnett Shale in north Texas and the Bossier Sand in east Texas. Atmos Pipeline - Texas' system includes approximately 6,000 miles of transmission pipelines within the state of Texas. The Atmos Pipeline - Texas system transports gas to the largest local distribution company in the state of Texas along with other smaller utilities, industrial end-users, independent power plants, and other pipelines.

Gas Supply and Services

Atmos Energy Gas Supply and Planning (Gas Supply) acquires the natural gas supply for the gas requirements of Atmos Energy's residential, commercial and industrial sales customers located in various states. Annual purchases are approximately 290-300 Bcf for its distribution customers. Gas Supply acquires natural gas from a diverse portfolio of wellhead producers and commercial suppliers utilizing a combination of long and short term commitments, including purchases from the daily spot market.

Atmos Energy Marketing

Atmos Energy Marketing is a full-service natural gas marketing company providing supply and asset management services to utilities, industrial facilities, power plants and gas producers.

Charles K. Vaughn Center

Named after the first chairman and CEO, the Charles K. Vaughn Center is a technical training facility designed for new technicians and veterans who must be certified and recertified on a regular basis. Located in Plano, TX, the most visible aspect of the Vaughn Center is Gas City, an area designed to enable employees to practice and enhance their professional and safety skills. The area was built to resemble a simulated community with houses, mini-apartments, commercial buildings along with city streets having natural gas infrastructure, and a short gas transmission pipeline with pig launchers.[13]

See also

References

  1. 1 2 3 4 5 6 "Atmos Energy Corporation 10K". U.S. Securities and Exchange Commission. Retrieved 2015-09-25.
  2. ↑ "Atmos Energy, Form 8-K, Current Report, Filing Date Jan 3, 2013". secdatabase.com. Retrieved Jan 16, 2013.
  3. ↑ Atmos to Sell City Gas System in South Carolina Archived February 27, 2015, at the Wayback Machine.
  4. ↑ Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Illinois, Iowa and Missouri
  5. ↑ "Liberty Utilities Completes Acquisition of Atmos Energy’s Natural Gas Distribution Businesses in Georgia". Retrieved 2015-02-14.
  6. ↑ "Atmos to acquire Greeley. (Atmos Energy; Greeley Gas)". The Oil Daily. 1993-03-30. Retrieved 2015-02-27.
  7. ↑ United Cities gets new name
  8. ↑ "Texas firm purchases Western Kentucky Gas". Kentucky New Era. 1987-06-30. pp. 13–. Retrieved 2015-02-27.
  9. ↑ Atmos Energy completes merger with United Cities Gas
  10. ↑ Atmos Picks Up Citizens' Louisiana Distribution Assets
  11. ↑ Turner, Tyya N. (2005). "TXU Corp.". Vault Guide to the Top Energy & Oil/gas Employers. Vault Inc. pp. 173–179. ISBN 9781581313185.
  12. ↑ Atmos Energy to buy Mississippi Valley Gas for $150 million
  13. ↑ http://www.pipelineandgasjournal.com/gas-training-takes-giant-leap-forward
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