Southern Company
Southern Company is a leading energy holding company that operates as a vertically integrated utility provider across the Southeastern United States. The company specializes in the generation, transmission, and distribution of electricity and the retail distribution of natural gas. Its core value proposition centers on providing regulated, cost-effective energy solutions through a mix of traditional utilities, competitive wholesale power generation, and natural gas infrastructure.
Financials
Based on Q1 2026 filing
Revenue
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Traditional Electric Operating Companies
primaryVertically integrated utilities providing regulated electric service including generation, transmission, and distribution to retail and wholesale customers.
Retail Electricity, Wholesale Electricity
Residential, Commercial, Industrial, Municipalities, Electric Cooperatives
Southern Power
majorA competitive wholesale energy provider that develops, constructs, and manages power generation assets, including a significant portfolio of renewable energy projects.
Wholesale Electricity, Power Purchase Agreements (PPAs), Battery Energy Storage
Investor-owned utilities, Independent Power Producers, Municipalities, Commercial and Industrial customers
Southern Company Gas
majorNatural gas distribution utilities and energy-related services focusing on pipeline investments and gas marketing.
Natural Gas Distribution, Gas Pipeline Investments, Gas Marketing Services
Residential, Commercial, Industrial
Segment Financials
SOUTHERN POWER CO — Other segment items
View metricSOUTHERN POWER CO — Total Assets
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Competitive Position
One of the largest energy providers in the U.S. with a dominant regulated footprint in the Southeast and a growing national wholesale renewable portfolio.
Geographies
Alabama, Georgia, Mississippi, Illinois, Virginia, Tennessee, South Dakota
Customer Segments
Retail Consumers, Commercial Enterprises, Industrial Manufacturers, Governmental Entities
Upstream Dependencies
Fuel suppliers (Natural gas, Coal, Nuclear fuel), Power plant equipment manufacturers, Construction engineering firms, Renewable energy technology providers
Downstream Customers
Residential households, Commercial businesses, Industrial manufacturing plants, Municipal utility districts
Competitors & Partners
Competitors
Partners
Invenergy Renewables LLC
Seller of the Deuel Harvest wind facility to Southern Power
Williams Companies
WMB
Acquirer of the Sequent business unit
Department of Energy
Provider of loan guarantees for the Plant Vogtle nuclear project
Subsidiaries
Alabama Power
Traditional electric operating company
Georgia Power
Traditional electric operating company
Mississippi Power
Traditional electric operating company
Southern Power
Wholesale energy subsidiary
Southern Company Gas
Natural gas distribution holding company
Nicor Gas
Natural gas distribution utility in Illinois
Atlanta Gas Light
Natural gas distribution utility in Georgia
SouthStar
Gas marketing services provider
Southern Company FAQ
Common questions about Southern Company
Southern Company is a leading energy holding company that operates as a vertically integrated utility provider across the Southeastern United States. The company specializes in the generation, transmission, and distribution of electricity and the retail distribution of natural gas. Its core value proposition centers on providing regulated, cost-effective energy solutions through a mix of traditional utilities, competitive wholesale power generation, and natural gas infrastructure.
Southern Company (SO) has a market capitalization of $106.59B and trades on NYSE.
Southern Company generated $31.5B in trailing twelve-month revenue with net income of $5.6B, representing a net margin of 17.7%, with free cash flow of -$3.6B. These figures are based on the Q1 2026 filing.
Southern Company's key competitors include Duke Energy, Entergy, Dominion Energy, and others. These companies compete in similar markets and product categories.
Southern Company has approximately 28,100 employees.