Atmos Energy 1997 Annual Report Download - page 7

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Dear Fellow Shareholders:
This year, fiscal 1997, is a milestone in the history of Atmos Energy Corporation.
Atmos has been a successful company in every respect — financial results, total
return to shareholders, customer growth and customer service. In 1997, the com-
pany took steps to sustain that performance into the future. Some of our key
accomplishments in 1997 included: ➢ Completing the merger with United Cities
Gas Company, making Atmos the 12th largest natural gas utility in the country, and
the fifth largest pure natural gas utility; ➢ Reaching the milestone of serving over
1 million customers; ➢ Redesigning the organization to enhance customer service,
integrate United Cities’ operations and achieve additional efficiency in Atmos’
utility operations, which are already among the most efficient in the industry;
➢ Putting in place a new management team prepared to build on Atmos’
successful past but clearly focused on the future; and ➢ Confirming Atmos’
vision and strategy for the future, and establishing key initiatives for
success. We ended the year a much larger company, better equipped than
ever to be a winner in the evolving and increasingly competitive marketplace.
49.9%
21.3%
18.6%
8.0% 2.2%
Sources of Revenue
residential
commercial
industrial (including agricultural)
other sales & miscellaneous
transportation
2