ATO (Atmos Energy) Total Operating Expense: $1,226 Mil (TTM As of Mar. 2026)


ATO Atmos Energy Corp ATO
84 GF Score
Price $172.97
GF Value $155.45
Valuation Modestly Overvalued
! 6 Warning Signs
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What is Atmos Energy Total Operating Expense?

Atmos Energy ATO +0.41% 84 Total Operating Expense is $1,226 Mil as of Mar. 2026. GuruFocus rates ATO with a GF Score™ of 84/100 and a GF Value™ of $155.45 (Modestly Overvalued). The stock has 6 warning signs investors should review.

Atmos Energy's Total Operating Expense for the three months ended in Mar. 2026 was $334 Mil. Atmos Energy's Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 was $1,226 Mil.

Atmos Energy Total Operating Expense Related Terms

Atmos Energy Total Operating Expense Historical Data

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The historical data trend for Atmos Energy's Total Operating Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Atmos Energy Total Operating Expense Chart

Atmos Energy Annual Data
Trend Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23 Sep24 Sep25
Total Operating Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 790.76 887.86 991.13 1,057.00 1,173.79

Atmos Energy Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Total Operating Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 309.03 310.77 278.56 302.01 334.49
ATO
84GF Score
Atmos Energy Corp ATO
Total Operating Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Atmos Energy Total Operating Expense Calculation

Total Operating Expense is the primary recurring expense associated with central operations that are incurred in order to generate sales.


Total Operating Expense for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,226 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Total Operating Expense of $1,226 Mil mean?
Atmos Energy (ATO) has a Total Operating Expense of $1,226 Mil as of Mar. 2026. Total operating expense is the primary recurring expense associated with central operations. View historical data on Atmos Energy and its competitors.
Is Atmos Energy's Total Operating Expense too high?
Atmos Energy's current Total Operating Expense is $1,226 Mil. Overall, Atmos Energy has a GF Score™ of 84/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Atmos Energy's Total Operating Expense compare to NI and UGI?
Atmos Energy's Total Operating Expense of $1,226 Mil can be compared against companies in the Utilities - Regulated industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Total Operating Expense for an Utilities - Regulated company?
A good Total Operating Expense depends on the Utilities - Regulated industry context. However, Total Operating Expense should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Total Operating Expense mean?
A high Total Operating Expense can signal that a stock is expensive relative to its fundamentals. Total operating expense is the primary recurring expense associated with central operations. View historical data on Atmos Energy and its competitors. Atmos Energy's current Total Operating Expense is $1,226 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Atmos Energy stock overvalued right now?
Based on GuruFocus' analysis, Atmos Energy (ATO) is currently considered Modestly Overvalued. The stock's GF Value™ is $155.45, compared to a current price of $172.97 — trading 11.3% above its estimated fair value. The current Total Operating Expense is $1,226 Mil. Atmos Energy's overall GF Score™ is 84/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Total Operating Expense calculated?
Total Operating Expense is calculated from a company's financial statements. For Atmos Energy (ATO), the current Total Operating Expense is $1,226 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Atmos Energy (ATO) Overvalued in 2026?

Based on GuruFocus' analysis, Atmos Energy stock appears to be overvalued. The current stock price of $172.97 is trading 11.3% above its estimated GF Value™ of $155.45. GuruFocus considers Atmos Energy to be Modestly Overvalued.

Key valuation signals for ATO:

  • Total Operating Expense: $1,226 Mil
  • GF Value™: $155.45 vs. price of $172.97 (11.3% above fair value)
  • GF Score™: 84/100 with 6 warning signs

No single metric tells the full story. See the ATO stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Atmos Energy Business Description

Address 5430 LBJ Freeway, Suite 1800, Three Lincoln Centre, Dallas, TX, USA, 75240
Atmos Energy is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than 3.3 million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia. About two thirds of its earnings come from Texas, where it distributes natural gas in northern Texas and owns an intrastate gas pipeline spanning several key shale gas formations and interconnected with five storage facilities.
84GF Score

Get the complete analysis for ATO

Total Operating Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$172.97
Price
$155.45
GF Value