Atmos Energy Corporation Prices Common Stock Offering of 4,558,404 Shares

DALLAS–(BUSINESS WIRE)–Atmos Energy Corporation (NYSE: ATO) announced today that it has priced
its public offering of 4,558,404 shares of its common stock for expected
gross proceeds of approximately $400 million.

BofA Merrill Lynch and J.P. Morgan are acting as underwriters for the
offering and propose to offer the shares of common stock from time to
time for sale in one or more transactions on the New York Stock
Exchange, in the over-the-counter market, through negotiated
transactions or otherwise at market prices prevailing at the time of
sale, at prices related to prevailing market prices or at negotiated
prices.

Atmos Energy intends to use the net proceeds from this offering to repay
short-term debt under its commercial paper program, to fund capital
spending primarily to enhance the safety and reliability of its system
and for general corporate purposes. Atmos Energy believes that this
offering will cover its anticipated equity capital raising needs for
fiscal 2018.

This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities in any jurisdiction to
any person to whom it is unlawful to make an offer, solicitation or sale
in such jurisdiction. The public offering is being made pursuant to an
effective shelf registration statement that has been filed with the
Securities and Exchange Commission, or SEC. A final prospectus
supplement related to the offering will be filed with the SEC and will
be available on the SEC’s website at http://www.sec.gov.
In addition, copies of the prospectus and final prospectus supplement
relating to the shares of common stock offered in the offering may be
obtained when available by contacting any of the following underwriters:

BofA Merrill Lynch
Attention: Prospectus Department
NC1-004-03-43
200
North College Street
3rd Floor
Charlotte, North Carolina
28255-0001
Email: [email protected]

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155
Long Island Avenue
Edgewood, New York 11717
Telephone:
866-803-9204
Email: [email protected]

Forward-Looking Statements

The matters discussed in this news release may contain “forward-looking
statements” within the meaning of Section 27A of the Securities Act of
1933 and Section 21E of the Securities Exchange Act of 1934. All
statements other than statements of historical fact included in this
news release are forward-looking statements made in good faith by the
company and are intended to qualify for the safe harbor from liability
established by the Private Securities Litigation Reform Act of 1995.
When used in this news release or in any of the company's other
documents or oral presentations, the words “anticipate,” “believe,”
“estimate,” “expect,” “forecast,” “goal,” “intend,” “objective,” “plan,”
“projection,” “seek,” “strategy” or similar words are intended to
identify forward-looking statements. Such forward-looking statements are
subject to risks and uncertainties that could cause actual results to
differ materially from those discussed in this news release, including
the risks and uncertainties relating to regulatory trends and decisions,
the company's ability to continue to access the credit and capital
markets and the other factors discussed in the company's reports filed
with the Securities and Exchange Commission. These factors include the
risks and uncertainties discussed in the company's Annual Report on Form
10-K for the fiscal year ended September 30, 2017. Although the company
believes these forward-looking statements to be reasonable, there can be
no assurance that they will approximate actual experience or that the
expectations derived from them will be realized. The company undertakes
no obligation to update or revise forward-looking statements, whether as
a result of new information, future events or otherwise.

About Atmos Energy

Atmos Energy Corporation, headquartered in Dallas, is the country's
largest fully-regulated, natural-gas-only distributor, serving over
three million natural gas distribution customers in over 1,400
communities in eight states from the Blue Ridge Mountains in the East to
the Rocky Mountains in the West. Atmos Energy also manages company-owned
natural gas pipeline and storage assets, including one of the largest
intrastate natural gas pipeline systems in Texas.

Contacts

Atmos Energy Corporation
Jennifer Hills, 972-855-3729