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Atmos Energy Corporation (NYSE: ATO), headquartered
in Dallas, Texas, is the largest distributor of natural gas in the United
States, serving 3.2 million customers nationwide. Atmos acquired TXU's natural
gas and pipeline holdings in 2004. The company began as Energas in 1983, a
spinoff of the natural gas distribution division of Pioneer Corporation. In
1988, the company changed its name to Atmos and began trading on the New York
Stock Exchange. Atmos Energy is incorporated in Virginia and Texas.
The origins of Atmos Energy comes from Amarillo Gas
Company which was founded by brothers Frank and J.C. Storm in 1906. It was
founded in order to manufacture coal gas on the Texas frontier. In 1918, it
discovered the largest natural gas field in the world, and hence subsequently
Amarillo changed its focus to the production of natural gas. Two years later it
delivered its first locally produced natural gas.
In 1924, Amarillo Gas, Amarillo Oil and other
businesses became part of a new public utility holding company, Southwestern
Development Company. Over the years, through various business combinations and
mergers, the company became known as Pioneer Corporation, a large diversified
West Texas energy company. In 1983, Energas, the natural gas distribution
division of Pioneer, was spun off and became an independent, publicly held
natural gas distribution company. In October 1988, Energas changed its
corporate name to Atmos Energy Corporation and its stock began trading on the
New York Stock Exchange under the ticker symbol ATO.
Type Public
Traded as
NYSE: ATO
Industry Energy
Founded
1906
Headquarters
Dallas, Texas
Products
Natural gas
Website
www.atmosenergy.com
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