Atmos Energy's quarterly profit rises on strength in gas distribution, pipelines
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Atmos Energy reported a rise in third-quarter profit, driven by its distribution and pipeline segments. The distribution segment, serving 3.3 million customers across eight states, saw earnings increase by 6% to $70 million. The pipeline and storage unit earned $116 million, up 16% from last year. The company reported net income of $186.43 million, or $1.17 per share, compared to $165.5 million, or $1.08 per share, in the same quarter last year. Operating expenses rose to $662.4 million from $557.5 million a year earlier.
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