Atmos Energy Corporation, based in Dallas, Texas, is a major natural gas distributor in the U.S. It serves approximately three million customers across over 1,400 communities spanning nine states, from the Blue Ridge Mountains to the Rocky Mountains. The company focuses exclusively on natural gas distribution, making it one of the largest in this sector within the country.
Atmos Energy is highlighted as a worthwhile gas distribution stock in a thriving industry. Investors consider its safety compared to other options like OGS, alongside the best pipeline stocks for potential investment.
In 1906, the history of Atmos Energy Corporation began in the Panhandle of Texas.
In 1981, the company was incorporated and became a fully regulated natural-gas-only distributor.
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".
In 2000, Atmos sold the Gaffney, South Carolina operations of United Cities Gas to Piedmont Natural Gas.
In October 2004, Atmos Energy acquired the distribution and pipeline operations of TXU Gas Company.
In 2012, Atmos sold its Missouri operations to Liberty Utilities.
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