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ATMOS ENERGY 2008 SUMMARY ANNUAL REPORT | 2ATMOS ENERGY 2008 SUMMARY ANNUAL REPORT | 3
FINANCIAL HIGHLIGHTS
Year Ended September 30
Dollars in thousands, except per share data 2008 2007 Change
Operating revenues $ 7,221,305 $ 5,898,431 22.4%
Gross profit $ 1,321,326 $ 1,250,082 5.7%
Natural gas distribution net income $ 92,648 $ 73,283 26.4 %
Regulated transmission and storage net income 41,425 34,590 19.8%
Natural gas marketing net income 29,989 45,769 (34.5)%
Pipeline, storage and other net income 16,269 14,850 9.6%
Tot al $ 180,331 $ 168,492 7.0%
Total assets $ 6,386,699 $ 5,895,197 8.3%
Total capitalization* $ 4,172,284 $ 4,092,069 2.0%
Net income per share – diluted $ 2.00 $ 1.92 4.2%
Cash dividends per share $ 1.30 $ 1.28 1.6%
Book value per share at end of year $ 22.60 $ 22.01 2.7%
Consolidated natural gas distribution throughput (MMcf) 429,354 427,869 0.3%
Consolidated regulated transmission and storage transportation volumes (MMcf) 595,542 505,493 17.8%
Consolidated natural gas marketing throughput (MMcf) 389,392 370,668 5.1%
Heating degree days 2,820 2,879 (2.0)%
Degree days as a percentage of normal 100% 100% —
Meters in service at end of year 3,191,779 3,187,127 0.1%
Return on average shareholders’ equity 8.8% 8.8% —
Shareholders’ equity as a percentage of total capitalization
(including short-term debt) at end of year 45.4% 46.3% (1.9)%
Shareholders of record 21,756 22,829 (4.7)%
Weighted average shares outstanding – diluted (000s) 90,272 87,745 2.9%
* Total capitalization represents the sum of shareholders’ equity and long-term debt, excluding current maturities.
Summary Annual Report
The financial information presented in this report about Atmos Energy Corporation
is condensed. Our complete financial statements, including notes as well as manage-
ment’s discussion and analysis of financial condition and results of operations, are
presented in our Annual Report on Form 10-K. Atmos Energy’s chief executive officer
and its chief financial officer have executed all certifications with respect to the fi-
nancial statements contained therein and have completed management’s report on
internal control over financial reporting, which are required under the Sarbanes-
Oxley Act of 2002 and all related rules and regulations of the Securities and Ex-
change Commission. Investors may request, without charge, our Annual Report on
Form 10-K for the fiscal year ended September 30, 2008, by calling Investor Relations
at 972-855-3729 between 8 a.m. and 5 p.m. Central time. Our Annual Report on
Form 10-K also is available on Atmos Energy’s Web site at www.atmosenergy.com.
Additional investor information is presented on pages 33 and 34 of this report.
Opposite: Atmos Energy construction and maintenance
technicians inspect new plastic piping destined for installation
to help ensure the integrity of our pipelines.