Revenue
Total Revenue
Southern Company Total Revenue decreased by 16.7% to $6.98B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 16.7%, from $8.38B to $6.98B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementIncome Statement
SectionRevenue
CategoryGrowth
SignalHigher is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase indicates growing market demand or successful price increases, while a decrease suggests market saturation or competitive pressure.
Detailed definition
The total amount of income generated by the sale of goods or services related to the company's primary operations. For a...
Peer comparison
Peer technology firms typically report this as Net Sales or Total Revenue, reflecting the scale of their market reach.
Metric ID:
total_revenueHistorical Data
7 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $5.20B | $6.24B | $5.77B | $6.65B | $7.21B | $8.38B | $6.98B |
| QoQ Change | — | +20.0% | -7.6% | +15.3% | +8.4% | +16.3% | -16.7% |
| YoY Change | — | — | — | — | +38.6% | +34.3% | -16.7% |
Range$5.20B – $8.38B
CAGR+21.7%
Avg YoY Growth+18.7%
Median YoY Growth+34.3%
Product Breakdown
| Segment | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 |
|---|---|---|---|---|---|---|---|
| Retail Electric Residential | $1.47B | $1.97B | $1.30B | $1.53B | $1.66B | $2.10B | $2.54B |
| Retail Electric Commercial | $1.18B | $1.43B | $1.15B | $1.18B | $1.39B | $1.64B | $1.85B |
| Retail Electric Industrial | $728.00M | $902.00M | $769.00M | $727.00M | $1.01B | $1.18B | $1.12B |
| Other Revenues | $295.00M | $248.00M | $283.00M | $225.00M | $308.00M | $277.00M | $330.00M |
| Wholesale Electric PPA Energy Revenues | $209.00M | $359.00M | $342.00M | $342.00M | $585.00M | $812.00M | $317.00M |
| Natural Gas Distribution Transportation | $247.00M | $239.00M | $264.00M | $337.00M | $276.00M | $259.00M | $275.00M |
| Natural Gas Distribution Residential | $311.00M | $218.00M | $656.00M | $1.02B | $474.00M | $331.00M | $217.00M |
| Wholesale Electric PPA Capacity Revenues | $118.00M | $125.00M | $131.00M | $134.00M | $136.00M | $175.00M | $151.00M |
| Wholesale Electric Non PPA Revenues | $78.00M | $134.00M | $101.00M | $102.00M | $196.00M | $303.00M | $137.00M |
| Other Natural Gas | $651.00M | $56.00M | $170.00M | $259.00M | $100.00M | $99.00M | $62.00M |
| Natural Gas Distribution Other | $59.00M | $31.00M | $82.00M | $129.00M | $67.00M | $49.00M | $60.00M |
| Natural Gas Distribution Commercial | $73.00M | $55.00M | $172.00M | $270.00M | $130.00M | $93.00M | $56.00M |
| Other Natural Gas Gas Marketing Services | $63.00M | $45.00M | $162.00M | $243.00M | $90.00M | $84.00M | $54.00M |
| Retail Electric Other | $23.00M | $24.00M | $22.00M | $26.00M | $25.00M | $27.00M | $30.00M |
| Other Natural Gas Other Natural Gas Revenues | $10.00M | $11.00M | $8.00M | $16.00M | $10.00M | $15.00M | $8.00M |
| Natural Gas Distribution Industrial | $8.00M | $6.00M | $19.00M | $32.00M | $16.00M | $12.00M | $4.00M |
| Total | $5.20B | $6.24B | $5.77B | $6.65B | $7.21B | $8.38B | $6.98B |
Business Segments
| Segment | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 |
|---|---|---|---|---|---|---|---|
| Traditional Electric Operating Companies | — | — | — | $4.19B | $5.56B | $6.94B | $5.67B |
| Southern Company Gas | $677.00M | $623.00M | $1.39B | $2.06B | $1.08B | $857.00M | $689.00M |
| Southern Power | $490.00M | $679.00M | — | $539.00M | $899.00M | $1.18B | $653.00M |
| Corporate And Other | $154.00M | $124.00M | $170.00M | $123.00M | $159.00M | $135.00M | $154.00M |
| Gas Distribution Operations | $710.00M | $556.00M | $1.21B | $1.80B | $980.00M | $751.00M | — |
| Gas Marketing Services | $64.00M | $52.00M | $164.00M | $243.00M | $92.00M | $85.00M | — |
| Gas Pipeline Investments | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M | $8.00M | — |
| Total | $5.20B | $6.24B | $5.77B | $6.65B | $7.21B | $8.38B | $6.98B |
Total Revenue at Other Companies
Frequently Asked Questions
- What is Southern Company's total revenue?
- Southern Company (SO) reported total revenue of $6.98B in Q3 2023.
- How has Southern Company's total revenue changed year-over-year?
- Southern Company's total revenue decreased by 16.7% year-over-year, from $8.38B to $6.98B.
- What does total revenue mean?
- The total amount of money a company brings in from selling its products and services.