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Atmos Energy Corp
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July 2026 Corporate Presentation
| Kevin Akers | Page 2 of 11 |
September 22, 2026
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"July 2026 Corporate Presentation"
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Leading Natural Gas Delivery Platform • Largest pure-play natural gas LDC with over 3.4 million customers in 8 states • ~76,000 miles of distribution and transmission mains • ~65% of distribution rate base located in Texas • Blended allowed ROE of 9.8% • 96% of rate base covered by all fuels legislation • Constructive regulatory mechanisms reduce lag • ~13 Bcf of working storage capacity Page 2 • ~5,700 miles of intrastate pipeline • Spans multiple key shale gas formations • Connection to major market hubs • ~53 Bcf of working storage capacity • Allowed ROE of 11.45% • Margin derived from tariff-based rates primarily serving Mid-Tex and other LDCs 2026 Estimated Net Income Eight-state distribution territory Eight-state distribution territory Intrastate pipeline system Intrastate pipeline system Business Mix Business Mix Diversified LDC platform in 8 states Favorably positioned pipeline spans Texas shale gas supply basins As of May 6, 2026 ~62% Distribution ~38% Pipeline & Storage