Natural Gas Distribution Commercial — Total operating revenues
Southern Company Natural Gas Distribution Commercial — Total operating revenues decreased by 39.8% to $56.00M in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 39.8%, from $93.00M to $56.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates growth in commercial customer base, higher energy consumption by businesses, or successful rate adjustments, while a decrease may signal economic contraction or loss of commercial market share.
Detailed definition
This metric represents the total gross income generated from the sale of natural gas services to commercial customers wi...
Peer comparison
Peers in the regulated utility sector typically report this as 'Commercial Gas Revenue' or 'Commercial Utility Sales,' with performance often correlated to regional economic activity and commercial real estate occupancy rates.
so_segment_commercial_total_operating_revenuesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $73.00M | $55.00M | $172.00M | $270.00M | $130.00M | $93.00M | $56.00M |
| QoQ Change | — | -24.7% | +212.7% | +57.0% | -51.9% | -28.5% | -39.8% |
| YoY Change | — | — | — | — | +78.1% | +69.1% | -39.8% |
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Frequently Asked Questions
- What is Southern Company's natural gas distribution commercial — total operating revenues?
- Southern Company (SO) reported natural gas distribution commercial — total operating revenues of $56.00M in Q3 2023.
- How has Southern Company's natural gas distribution commercial — total operating revenues changed year-over-year?
- Southern Company's natural gas distribution commercial — total operating revenues decreased by 39.8% year-over-year, from $93.00M to $56.00M.
- What does natural gas distribution commercial — total operating revenues mean?
- The total revenue earned from providing natural gas services to commercial business customers.