T. Rowe Price discloses 7.75M shares (4.9%) of Atmos Energy (ATO)

Rhea-AI Filing Summary

T. Rowe Price Associates, Inc. reports beneficial ownership of 7,745,683 shares of Atmos Energy Corp common stock, representing 4.9% of the class. The filing shows sole voting power over 7,547,409 shares and sole dispositive power over 7,743,775 shares, with no shared voting or dispositive power reported. The reporting person states the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The statement is filed on Schedule 13G/A by T. Rowe Price as an investment adviser.

Insights

Investment Adviser Analyst

TL;DR: T. Rowe Price holds a near-5% passive stake with sole voting/dispositive power reported; not positioned as a control investor.

T. Rowe Price reports beneficial ownership of 7,745,683 shares, equal to 4.9% of Atmos Energy common stock. The filing discloses substantial sole voting power (7,547,409) and sole dispositive power (7,743,775) and explicitly states holdings are in the ordinary course of business and not intended to influence control. From an adviser perspective, this characterizes the position as a significant but passive institutional holding rather than an activist or control-seeking stake.

Corporate Governance Expert

TL;DR: Below-5% ownership and an explicit certification reduce governance implications; no group or shared power is reported.

The Schedule 13G/A indicates no shared voting or dispositive power and includes the filer’s certification that the shares were not acquired to influence control. Because the stake is reported at 4.9% and the filing classifies the holder as an investment adviser, the disclosure signals a passive recordable position with limited immediate governance impact under the disclosures provided.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

ATMOS ENERGY CORP

(Name of Issuer)

COMMON STOCK

(Title of Class of Securities)

049560105

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 049560105

1

Names of Reporting Persons

T. Rowe Price Associates, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

MARYLAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 7,547,409.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 7,743,775.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

7,745,683.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

4.9 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ATMOS ENERGY CORP
(b)	Address of issuer's principal executive offices: 1800 THREE LINCOLN CTR, 5430 LBJ FREEWAY, DALLAS, TX, 75240
Item 2.
(a)	Name of person filing: T. Rowe Price Associates, Inc.
(b)	Address or principal business office or, if none, residence: 1307 Point Street, Baltimore, MD 21231
(c)	Citizenship: Maryland
(d)	Title of class of securities: COMMON STOCK
(e)	CUSIP No.: 049560105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 7745683
(b)	Percent of class: 4.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 7547409
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 7743775
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. T. Rowe Price Associates, Inc. hereby declares and affirms that the filing of Schedule 13G shall not be construed as an admission that Price Associates is the beneficial owner of the securities referred to, which beneficial ownership is expressly denied.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

T. Rowe Price Associates, Inc.

Signature:	Ellen York
Name/Title:	Vice President
Date:	08/14/2025

FAQ

How many Atmos Energy (ATO) shares does T. Rowe Price own?

T. Rowe Price Associates reports beneficial ownership of 7,745,683 shares.

What percentage of Atmos Energy does T. Rowe Price hold?

The reported stake represents 4.9% of Atmos Energy's common stock.

How much voting power does T. Rowe Price report for ATO shares?

The filing shows sole voting power for 7,547,409 shares and 0 shared voting power.

Does T. Rowe Price claim to hold the shares to influence control of Atmos Energy?

No. The filing certifies the shares are held in the ordinary course of business and not to change or influence control of the issuer.

Under what filing is this ownership disclosed?

The position is disclosed on a Schedule 13G/A filed by T. Rowe Price as an investment adviser.