What is Southern Company's deferred revenue?

Southern Company (SO) reported deferred revenue of $875M in Q1 2026.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Southern Company SO Deferred Revenue

Deferred Revenue at other companies

Nextra EnergyNEE

$1.18B+68.5%

SpireSR

$10.7M-33.5%

CNP

CenterPoint EnergyCNP

$94M-1.1%

OGE EnergyOGE

$125.3M+12.4%

American Electric PowerAEP

——

Other financials

Income statement

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Revenue$8.4B+8.0%

Operating income$2.0B+0.4%

Net income$1.4B+1.6%

EPS (diluted)$1.20-0.8%

Balance sheet

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Cash & equivalents$987.0M-57.7%

Total debt$75.3B—

Total equity$39.9B+7.2%

Total assets$157.03B—

Cash flow

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Operating cash flow$1.2B-1.9%

CapEx$2.9B+20.8%

Free cash flow-$1.7B-44.7%

Valuation

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Market cap$109.63B+5.7%

Enterprise value$183.9B—

P/E19.6×—

P/S3.5×-0.5×

Profitability

See full

Operating margin18.7%-2.5pp

Net margin13.1%—

FCF margin-5.1%—

Returns & leverage

See full

Return on equity9%—

Debt / equity1.9×—

Current ratio0.7×—

Where this comes from

Reported directly by Southern Company in its filing.

Tagged under the XBRL concept us-gaap:RevenueRemainingPerformanceObligation.

The official record: Southern Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Southern Company's deferred revenue?: Southern Company (SO) reported deferred revenue of $875M in Q1 2026.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.