What does gain (loss) on extinguishment of debt mean?

Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.

Southern Company SO Gain (loss) on extinguishment of debt

Gain (loss) on extinguishment of debt at other companies

Orion Group HoldingsORN

-$944.25K—

Claritev CorporationCTEV

$0+100%

Lands' End, Inc.LE

-$9.17M—

Axos FinancialAX

$0—

Lightpath TechnologiesLPTH

$0+100%

Hovnanian Enterprises, Inc.HOV

$0-100%

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$106.64B+3.9%

Enterprise value$180.91B—

P/E19.1×—

P/S3.4×-0.4×

Profitability

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Operating margin18.7%-2.5pp

Net margin13.1%—

FCF margin-5.1%—

Returns & leverage

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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:GainsLossesOnExtinguishmentOfDebt.

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 gain (loss) on extinguishment of debt?: Southern Company (SO) reported gain (loss) on extinguishment of debt of -$11M in Q1 2026.
What does gain (loss) on extinguishment of debt mean?: Gains or losses from retiring debt before maturity — gains when debt is repurchased below par, losses when premiums are paid for early redemption.