Atmos Energy Corp.
Atmos Energy Enters into $1B Equity Distribution Agreement
Summary
On May 8, 2024, Atmos Energy Corporation announced the entry into an equity distribution agreement with managers and forward purchasers for the offering and sale of up to $1 billion of its common stock. The agreement follows the completion of sales under its prior at-the-market program. Atmos Energy intends to use the net proceeds to fund capital spending for enhancing the safety and reliability of its system and for general corporate purposes.
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Exhibits (4)
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About Atmos Energy Corp.
Atmos Energy Corp. is a major regulated natural gas utility company in the United States. Its primary function is the distribution and sale of natural gas to residential, commercial, and industrial customers. Atmos Energy serves over three million customers in various states, prominently in Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Texas. The company plays a critical role in the energy sector by maintaining and upgrading infrastructure such as pipelines and storage systems to ensure reliable and safe delivery of natural gas. Atmos Energy is known for its focus on safety, operational excellence, and customer service. Additionally, it engages in the transmission, storage, and transportation of natural gas. In the broader market, Atmos Energy Corp. contributes significantly to energy supply stability and supports economic activities across multiple regions. Its regulated status offers stability and predictability, reinforcing its position as a key player in the utility sector.
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