Atmos Energy (ATO) 10-Q 2010 Q2 Quarterly report

Exhibit 12

Atmos Energy Corporation
Computation of Earnings to Fixed Charges
March 31, 2010

	Three Months Ended				Six Months Ended
	March 31				March 31
	2010		2009		2010		2009
	(Dollars in thousands)
Income from continuing operations before provision for income taxes per statement of income	$	185,007	$	189,449	$	336,626	$	313,351
Add:
Portion of rents representative of the interest factor		1,856		1,711		3,953		3,482
Interest on debt & amortization of debt expense		39,582		35,533		78,290		74,524
Income as adjusted	$	226,445	$	226,693	$	418,869	$	391,357
Fixed charges:
Interest on debt & amortization of debt expense (1)	$	39,582	$	35,533	$	78,290	$	74,524
Capitalized interest (2)		357		853		1,788		1,571
Rents		5,567		5,133		11,857		10,445
Portion of rents representative of the interest factor (3)		1,856		1,711		3,953		3,482
Fixed charges (1)+(2)+(3)	$	41,795	$	38,097	$	84,031	$	79,577
Ratio of earnings to fixed charges		5.42		5.95		4.98		4.92