# If Atmos Energy Corporation moves, who benefits? How far does the value-chain ripple reach?
Canonical: https://valuechain.wiki/atmos-energy · Facet: ripple · Updated: 2026-09-24T04:03:33.772089+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Per the valuechain.wiki graph, Atmos Energy Corporation is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 4 companies within two hops; the links are backed by 9 dated sources, 5 of them primary filings (as of 2026-09-24).

Atmos Energy Corporation operates across U.S. regulated gas utility. It stayed steadily positive in recent years and is +1.7% in 2026. The supply side (avg +35.9%) leads the stock (+1.7%), with spending rippling down to suppliers first. Among connected nodes the furthest ahead is ConocoPhillips (+46.6%) and the furthest behind is Williams Companies (+25.2%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. It buys gas from producers and marketers and commits substantial capital to the safety and capacity of its distribution, pipeline, and storage systems.

## Supply chain (benefiting)
- T1 ConocoPhillips (https://valuechain.wiki/conocophillips.md)
- T2 Sempra (https://valuechain.wiki/sempra.md)
- T3 KKR & Co. (https://valuechain.wiki/kkr-co.md)
- T2 Halliburton Company (https://valuechain.wiki/halliburton.md)
- T3 Caterpillar (https://valuechain.wiki/caterpillar.md)
- T3 Linde (https://valuechain.wiki/linde.md)
- T1 Williams Companies (https://valuechain.wiki/williams.md)

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Full node: https://valuechain.wiki/atmos-energy.md · JSON: https://valuechain.wiki/atmos-energy.json