• Atmos Energy average return on tangible equity for 2023 was 9.23, a 2.33% increase from 2022.
• Atmos Energy average return on tangible equity for 2022 was 9.45, a 6.62% decline from 2021.
• Atmos Energy average return on tangible equity for 2021 was 10.12, a 5.86% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.