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  • 1. A t m o s E n e r g y C o r p o r a t i o n Fa c t s Financial Highlights as of December 31, 2008, unless noted Atmos Energy Corporation Dividend Record New York Stock Exchange symbol ATO Dividends in U.S. Dollars by Fiscal Year as Adjusted for Mergers and Acquisitions Fiscal year end September 30 Market capitalization $2,171 million 1.30 1.32 1.26 1.28 1.22 1.24 1.18 1.20 1.14 1.16 Total shares outstanding 91.6 million 1.10 1.06 1.01 .96 .98 Fiscal 2008 consolidated net income $180.3 million .91 .82 .79 Fiscal 2008 diluted earnings per share $2.00 .75 .73 .74 .71 Fiscal 2008 operating revenues $7,221 million .54 .50 Fiscal 2009 indicated dividend rate $1.32 .40 .35 Dividend yield 5.6% Total assets $6,819 million ’84 ’85 ’86 ’87 ’88 ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97 ’98 ’99 ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 Atmos Energy Corporation Profile Atmos Energy Corporation, headquartered in Dallas, Texas, is the largest natural-gas-only distributor in the United States. Our regulated natu- ral gas distribution operations serve about 3.2 million customers in some 1,600 communities. We have regulated assets in Colorado, Georgia, Illinois, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Tennessee, Texas and Virginia as well as one of the largest intrastate natural gas pipeline systems in Texas. Our nonregulated operations provide natural gas marketing and procurement services to industrial, commercial and municipal customers primarily in the Midwest and Southeast and manage natural gas pipeline, storage and other assets. Atmos Energy Operations Atmos Energy Marketing Owensboro, KY Atmos Energy Colorado-Kansas Division Denver, CO Loudon, TN Atmos Energy Kentucky/Mid-States Division Atmos Energy Marketing Bolivar, TN Franklin, TN Atmos Energy Corporation Dallas, TX Columbia, TN Atmos Energy West Texas Division Lubbock, TX Atmos Energy Atmos Energy Mississippi Division Carthage Hub Mid-Tex Division Jackson, MS Waha Hub Atmos Pipeline–Texas Division Atmos Energy Marketing Dallas, TX Atmos Energy Marketing Katy Hub New Orleans, LA Atmos Energy Marketing Atmos Energy Houston, TX Louisiana Division Baton Rouge, LA Atmos Energy Marketing headquarters Atmos Energy Corporation headquarters Atmos Energy states of operation Atmos Energy Marketing regional offices Natural gas distribution division headquarters Major gas delivery hub Natural gas distribution service area Proprietary natural gas storage Distributed generation
  • 2. Atmos Energy Corporation Financial Highlights (Unaudited) Three Months Ended December 31 Year Ended December 31 Statements of Income (000s except per share amounts) 2008 2007 2008 2007 Operating revenues $ 1,716,332 $ 1,657,510 $ 7,221,305 $ 5,898,431 Purchased gas cost 1,321,120 1,287,872 5,899,979 4,648,349 Gross profit 395,212 369,638 1,321,326 1,250,082 Operation and maintenance expense 134,755 121,189 500,234 463,373 Depreciation and amortization 53,126 48,513 200,442 198,863 Taxes, other than income 44,137 41,427 192,755 182,866 Total operating expenses 232,018 211,129 893,431 851,446 Operating income 163,194 158,509 427,895 398,636 Miscellaneous expense (301) (93) 2,731 9,184 Interest charges 38,991 36,817 137,922 145,236 Income before income taxes 123,902 121,599 292,704 362,584 Income tax expense 47,939 47,796 112,373 94,092 Net income $ 75,963 $ 73,803 $ 180,331 $ 168,492 Basic net income per share $ 0.84 $ 0.83 $ 2.02 $ 1.94 Diluted net income per share $ 0.83 $ 0.82 $ 2.00 $ 1.92 Cash dividends per share $ 0.330 $ 0.325 $ 1.30 $ 1.28 Weighed average shares outstanding: Basic 90,471 89,006 89,385 86,975 Diluted 91,066 89,608 90,272 87,745 Summary Net Income by Segment (000s) Natural gas distribution $ 50,133 $ 40,164 $ 92,648 $ 73,283 Regulated transmission and storage 7,661 9,847 41,425 34,590 Natural gas marketing 10,575 20,600 29,989 45,769 Pipeline, storage and other 7,594 3,192 16,269 14,850 Consolidated net income $ 75,963 $ 73,803 $ 178,749 $ 174,406 Balance Sheet Items (000s) Dec. 31, 2008 Sept. 30, 2008 Property, plant and equipment $ 5,803,491 $ 5,730,156 Net property, plant and equipment 4,194,748 4,136,859 Total assets 6,818,899 6,386,699 Shareholders’ equity 2,078,076 2,052,492
  • 3. Strategy of Growing Through Acquisitions Atmos Energy has grown through a series of acquisitions. From 279,000 original customers in 1983, the company has added 2.9 million customers. In 2004, it acquired the regulated distribution and pipeline operations of TXU Gas Company, its 10th major acquisition. Atmos Energy Major Acquisitions Associated Natural Gas–Missouri Heritage Propane Interest Acquired Woodward Marketing, L.L.C. Atmos Energy Corporation Founded Louisiana Gas Service and LGS Natural Gas Trans Louisiana Gas Co. Mississippi Valley Gas Co. Western Kentucky Gas Co. Greeley Gas Co. Heritage Interest Sold TXU Gas Co. United Cities Gas Co. 1983 1986 1987 1993 1997 2000 2001 2002 2004 Strategy of Running Our Regulated Operations Well Strategy of Growing Our Complementary Nonregulated Operations Industry leader in information and telecommunications technology One of the most respected mid-tier natural gas marketers in the Hedged approximately half of our expected winter f lowing-gas industry, based on MastioGale’s customer satisfaction surveys Nonregulated natural gas storage fields in Kentucky and Louisiana, requirements through financial derivatives and physical storage Purchased gas cost adjustments adequate in all jurisdictions containing 3.9 Bcf of working gas storage capacity and 7.9 Bcf of Weather normalization, or a similar rate design, protects more than additional contractual storage capacity; preliminary planning under 90 percent of distribution margins from unseasonable weather way on a salt-cavern gas storage facility in northeast Louisiana with One of the largest regulated intrastate natural gas pipelines in Texas, an expected in-service date for the first cavern of 2011 Natural gas gathering operations expanded with the completion of Atmos Pipeline–Texas, serves our growing regulated distribution market, owns 39 Bcf of storage at five facilities in Texas and trans- our Park City Gathering System in Edmonson County, Kentucky, ports large volumes of natural gas for producers and shippers and the purchase of the nearby Shrewsbury Gathering System Expansion of nonregulated operations through past acquisitions of gas storage fields, gas marketing companies and gas contracts with municipalities; new opportunities are under evaluation for natural gas pipeline and storage facilities Total Return in Fiscal 2008 Earnings History and Fiscal 2009 Estimated EPS Key Peer SPX INDU UTIL ATO S5UTIL Avg. S6GASU Atmos Energy Earnings per Diluted Share ATO - Atmos Energy Corporation INDU - Dow Jones Industrial Average $2.05–$2.15E $2.25 8.2% S5UTIL - Standard & Poor’s 500 Utilities 7.5% $2.00 $1.92 S6GASU - Standard & Poor’s Small-Cap Gas Index 2.00 $1.82 SPX - Standard & Poor’s 500 Index $1.72 0.2% 1.75 $1.58 UTIL - Dow Jones Utilities Index 1.50 Peer - ATG, LG, NI, NJR, NWN, OKE, PNY, (1.4)% SWX and WGL 1.25 EPS estimate assumes less volatility in natural gas prices 1.00 affecting natural gas marketing segment and successful .75 rate cases and collection efforts. (11.8)% .50 .25 (19.8)% (22.0)% 2004 2005 2006 2007 2008 2009
  • 4. Atmos Energy Common Stock Performance During Fiscal 2008 and Fiscal 2007 2008 2007 Change Closing price at end of fiscal year $ 26.62 $ 28.32 (6.0)% 52-week closing high $ 29.46 $ 33.11 (11.0)% 52-week closing low $ 25.09 $ 26.47 (5.2)% 52-week closing average $ 27.17 $ 30.76 (11.7)% Average daily volume 484,760 415,507 16.7% Cash dividends paid per common share $ 1.30 $ 1.28 1.6% Total return to Atmos Energy shareholders (1.4)% 3.3% Regulated Natural Gas Distribution Operations in Fiscal 2008 Distribution Meters in Service Distribution Sales Volumes Distribution Sales Revenues Residential 91.2% Residential 55.8% Residential 59.9% Commercial 8.4% Commercial 32.1% Commercial 30.2% Industrial 0.1% Industrial 7.4% Industrial 6.0% Public Authority 0.3% Public Authority 4.7% Public Authority 3.9% Key Regulated Natural Gas Distribution Statistics for Fiscal 2008 and Fiscal 2007 2008 2007 Change Natural gas distribution sales volumes measured in MMcf Residential 163,229 166,612 (2.0)% Commercial 93,953 95,514 (1.6)% Industrial 21,734 22,914 (5.1)% Public authority and other 13,760 12,287 12.0% Total natural gas distribution sales volumes 292,676 297,327 (1.6)% Natural gas distribution transportation volumes 141,083 135,109 4.4% Total natural gas distribution throughput 433,759 432,436 0.3% Heating degree days 2,820 2,879 (2.0)% Weather as percent of normal 100% 100% Natural gas distribution contribution to net income 51.4% 43.5% For More Information Susan Giles, Vice President, Investor Relations (972) 855-3729 • susan.giles@atmosenergy.com Visit www.atmosenergy.com for our latest financial information and news releases. © 2009 ATMOS ENERGY CORPORATION. ALL RIGHTS RESERVED.