# Who does Atmos Energy Corporation pay? Who are its key suppliers?
Canonical: https://valuechain.wiki/atmos-energy · Facet: suppliers · Updated: 2026-09-24T04:03:33.772089+00:00 · Source: ValueChain.wiki (cited money-flow graph)

**Citable summary**: Atmos Energy Corporation's confirmed suppliers/cost counterparties include ConocoPhillips, Williams Companies. Per the valuechain.wiki graph: 2 cost edges, backed by 3 dated sources, 1 of them primary filings (as of 2026-09-24).

### 에너지 트랜스퍼 퓨얼 (high)
- metric: Amount $43M · 2005 North Side Loop construction agreement · Atmos's maximum pipeline construction cost contribution under the North Side Loop joint agreement with Energy Transfer Fuel
- note: Atmos Pipeline-Texas entered into an agreement with Energy Transfer Fuel to jointly build and operate the 45-mile North Side Loop pipeline in North Texas, with each party owning a 50% interest. Atmos committed up to $42.5 million toward pipeline construction costs and 50% of the compression-facility costs.
- [mentions] Toss Securities Research Center (KO, research, published 2025-03-27) https://home-files.tossinvest.com/files/investment-info/764a3cc7-4dec-4764-8eba-024557ab2405.pdf: "Toss Securities explains that gas-supply infrastructure such as pipelines forms part of regulated rate base and projects Atmos Energy's capex to rise from $2.9 billion in 2024 to $4.7 billion in 2027. It provides business context for pipeline investment rather than evidence of the specific North Side Loop agreement."
- [confirms] Atmos Energy and Railroad Commission of Texas (EN, filing, published 2025-02-26) https://www.atmosenergy.com/static/cfce25551c7529cd252ef1c989caa4ff/2025-02-26%20APT%20GRIP%20Filing%20(Case%20No.%2000020448).pdf: "Energy Transfer Reimbursement for 50% of North Side Loop."
- [confirms] U.S. Securities and Exchange Commission EDGAR (EN, filing, published 2005-12-06) https://www.sec.gov/Archives/edgar/data/731802/000119312505237566/d8k.htm: "The parties will construct, operate and each own an undivided 50% interest in a 30-inch natural gas pipeline."
- [confirms] U.S. Securities and Exchange Commission EDGAR (EN, filing, published 2005-12-06) https://www.sec.gov/Archives/edgar/data/731802/000119312505237566/dex101.htm: "Each Party will own a 50% undivided interest in the NSL Pipeline."

### 코노코필립스 (high)  → /conocophillips.md
- note: ConocoPhillips is one of the major natural gas suppliers that Atmos Energy directly identified in its FY2025 Form 10-K. Supplier-specific purchases were not disclosed.
- [confirms] U.S. Securities and Exchange Commission EDGAR (EN, filing, published 2025-11-14) https://www.sec.gov/Archives/edgar/data/731802/000073180225000056/ato-20250930.htm: "Major suppliers during fiscal 2025 were ARM Energy Management LLC, Cima Energy, LP, ConocoPhillips Company, ECO Energy Natural Gas LLC, EnLink Gas Marketing LP, Sequent Energy Management LLC, Symmetry Energy Solutions, LLC, Targa Gas Marketing LLC, Tenaska Marking Ventures, and Texla Energy Management, Inc."
- [mentions] Balfour Capital Group Research Department (EN, research, published 2025-06-09) https://balfourcapitalgroup.com/wp-content/uploads/2025/06/ATO-Research.pdf: "Its core operations cover procurement, storage, and regulated distribution, with a pipeline and storage infrastructure supporting residential, commercial, and industrial clients."

### Williams (high)  → /williams.md
- note: Williams-owned Sequent Energy Management is one of the major natural gas suppliers that Atmos Energy directly identified in its FY2025 Form 10-K. Supplier-specific purchases were not disclosed.
- [confirms] U.S. Securities and Exchange Commission EDGAR (EN, filing, published 2025-11-14) https://www.sec.gov/Archives/edgar/data/731802/000073180225000056/ato-20250930.htm: "Major suppliers during fiscal 2025 were ARM Energy Management LLC, Cima Energy, LP, ConocoPhillips Company, ECO Energy Natural Gas LLC, EnLink Gas Marketing LP, Sequent Energy Management LLC, Symmetry Energy Solutions, LLC, Targa Gas Marketing LLC, Tenaska Marking Ventures, and Texla Energy Management, Inc."
- [mentions] Balfour Capital Group Research Department (EN, research, published 2025-06-09) https://balfourcapitalgroup.com/wp-content/uploads/2025/06/ATO-Research.pdf: "Its core operations cover procurement, storage, and regulated distribution, with a pipeline and storage infrastructure supporting residential, commercial, and industrial clients."
- [confirms] Williams (EN, ir, published 2021-07-01) https://investor.williams.com/news-releases/news-release-details/williams-completes-acquisition-sequent-energy-management: "Williams (NYSE: WMB) today announced it has completed its acquisition of Sequent Energy Management, L.P. and Sequent Energy Canada, Corp. from Southern Company Gas."

Reverse side: https://valuechain.wiki/atmos-energy/customers.md · Ripple: https://valuechain.wiki/atmos-energy/ripple.md

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