Income StatementBalance SheetCash FlowSegments
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Southern Company Income Statement

Revenue, expenses, and profitability over time

Southern Company generated $31.5B in trailing twelve-month revenue, up 0.2% year-over-year. Net income was $5.6B with a 17.74% net margin. Diluted EPS is $5.05, which grew 0.5% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$28.0BGross Profit$5.0BOperating Income (TTM)$5.2BNet Income (TTM)$3.0BEps Diluted (TTM)$2.80
Latest FilingQ1 2026
Report Date2026-04-30
Market Cap$106.59B
P/E Ratio19.05
ROE14.87%

Operating Expenses

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Amortization of Finite-Lived Intangible Assets$11.0M——$10.0M$8.0M$7.0M
Amortization expense$11.0M——$10.0M$8.0M$7.0M
Compensation and benefits————$5.0M-$9.0M
Depreciation and amortization$11.0M——$10.0M$8.0M$7.0M
Pension and postretirement benefit expense————-$149.0M-$149.0M
Taxes other than income taxes$352.0M——$341.0M$445.0M$464.0M
Other operations and maintenance$1.5B——$1.4B$1.6B$1.7B
Stock Option Expense$16.0M———$90.0M$97.0M
Total operating expenses$6.2B——$4.9B$5.8B$6.4B
Stock Option Plan Expense$16.0M———$90.0M$97.0M

Other

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Common Stock Dividends Per Share (Paid)$0.7$0.7$0.7$0.7$0.7$0.7
Capital Expenditures$2.3B———$2.4B$2.9B
Change in Other Liabilities-$112.0M———-$37.0M-$4.0M
Common Stock Issued for Business Acquisition————$55.0M$54.0M
Common stock dividends per share cash paid$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive Income Including Noncontrolling Interest$1.5B——$1.5B$1.3B$1.3B
OCI Attributable to Noncontrolling Interest$12.0M——$10.0M-$64.0M-$18.0M
Common Stock Dividends Per Share (Cash Paid)$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive Income Attributable to Parent$1.5B——$1.5B$1.3B$1.3B
Asset Retirement Obligation Payments————$134.0M$133.0M
Net Change in Cash and Restricted Cash————$1.2B-$653.0M
Payments to Noncontrolling Interests————$37.0M$47.0M
Repayment of Long-term Obligations————$35.0M$1.3B
ROU Asset Obtained - Finance Lease————$13.0M$2.0M
ROU Asset Obtained - Operating Lease————$87.0M$41.0M
Common Dividends Per Share Paid$0.7$0.7$0.7$0.7$0.7$0.7
Cash Dividend per Common Share$0.7$0.7$0.7$0.7$0.7$0.7
Comprehensive Income Including Noncontrolling Interest$1.5B——$1.5B$1.3B$1.3B
Other comprehensive income (loss), after-tax————$3.0M$2.0M
Other investing activities, net————$68.0M$60.0M
Income Taxes Paid, Net$3.0M———-$1.0M$0.0
Interest Paid, Net$589.0M———$756.0M$901.0M
Comprehensive income (loss), including noncontrolling interest$1.5B——$1.5B$1.3B$1.3B
Tax effect of unrealized gain (loss) on cash flow hedges-$8.0M——-$12.0M$4.0M-$1.0M
Share-based compensation expense related to employee stock plans$15.0M$29.0M$19.0M$7.0M$5.0M-$9.0M
Amortization of capitalized software and acquired intangible assets$11.0M——$10.0M$8.0M$7.0M
Decrease in operating revenues$14.0M——$5.0M$5.0M$5.0M
Asset Retirement Obligation Cash Paid To Settle$116.0M———$134.0M$133.0M
Capital investments accrued but not yet paid$35.0M———$940.0M$1.0B
Construction payables————-$161.0M-$251.0M
Comprehensive Income (Loss), Net of Tax, Attributable to Parent$1.5B——$1.5B$1.3B$1.4B
Less: comprehensive income attributable to noncontrolling interest$12.0M——$10.0M-$64.0M-$18.0M
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest$1.5B——$1.5B$1.3B$1.3B
Deferred taxes$368.0M———$351.0M$168.0M
Depreciation, Amortization and Accretion, Net$1.1B———$1.4B$1.6B
Depreciation and amortization(b)————$1.3B$1.4B
Dividends, Common Stock, Cash$741.0M$742.0M$764.0M$765.0M$791.0M$830.0M
Effective tax rates$0.0———$0.2$0.1
Expected Volume of Natural Gas Subject to Option to Sell Back Excess Gas Due to Operational Constraints—————13000000.00
Extinguishment Of Debt Gain Loss Net Of Tax—————-$8.0M
Forward Contract Indexed To Issuers Equity Shares—————27.4M
Income Taxes Paid, Net$3.0M———-$1.0M$0.0
Accounts payable$102.0M———-$394.0M-$555.0M
Accrued compensation————-$537.0M-$599.0M
Customer refunds————-$95.0M$5.0M
Increase Decrease In Interest Payable Net————-$82.0M-$180.0M
Increase (Decrease) in Materials and Supplies$29.0M———-$11.0M$85.0M
Increase (Decrease) in Other Operating Assets$322.0M———-$66.0M$27.0M
Other liabilities-$112.0M———-$37.0M-$4.0M
Increase (Decrease) in over Energy Recovery————$179.0M$27.0M
Increase (Decrease) in Prepaid Expense————$120.0M$98.0M
Increase (Decrease) Retail Fuel Cost Under Recovery Short Term————-$71.0M-$63.0M
Increase (Decrease) in Energy Related Inventory, Natural Gas in Storage$471.0M———-$365.0M-$355.0M
Increase (decrease) in fair value of funds-$106.0M——-$4.0M-$6.0M-$44.0M
Add - Incremental shares under stock-based compensation plans (in shares)$6.0M——$7.0M$5.0M$4.0M
Interest and Debt Expense$511.0M——$620.0M$714.0M$778.0M
Interest Paid, Excluding Capitalized Interest, Operating Activity$589.0M———$756.0M$901.0M
Lease Income$196.0M——$176.0M$120.0M$118.0M
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders$57.0M$48.0M$42.0M$59.0M$37.0M$46.0M
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation$1.3B———$2.8B$1.5B
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation-$2.5B———-$2.8B-$3.4B
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation$1.4B———$1.3B$1.2B
Net Income Loss Attributable To Noncontrolling Interest$12.0M——$10.0M-$64.0M-$18.0M
Noncontrolling Interest, Increase from Contributions from Noncontrolling Interest Holders—$21.0M——$19.0M$4.0M
Lease income — operating leases$50.0M——$36.0M$33.0M$34.0M
Net gains (losses) deferred$0.0——$2.0M$14.0M-$3.0M
Other comprehensive income (loss)$28.0M——$38.0M$3.0M$2.0M
Other Noncash Income (Expense)$140.0M———$1.0M$25.0M
Other income, net (Note 6)$132.0M——$141.0M$149.0M$155.0M
Payment for (Proceeds from) Other Investing Activity$159.0M———$68.0M$60.0M
Payments for Removal Costs$141.0M———$168.0M$166.0M
Payments of Ordinary Dividends, Common Stock$741.0M———$736.0M$776.0M
Payments to Acquire Property, Plant, and Equipment$2.3B———$2.4B$2.9B
Payments to Acquire Investments to be Held in Decommissioning Trust Fund$230.0M———$361.0M$442.0M
Proceeds from Decommissioning Trust Fund Assets$230.0M———$361.0M$442.0M
Proceeds from Issuance of Common Stock$1.7B———$30.0M$535.0M
Proceeds from new debt$1.6B———$4.6B$2.4B
Increase (decrease) in notes payable, net—————$653.0M
Proceeds from other short-term debt————$0.0$350.0M
Financing — other-$16.0M———-$133.0M-$191.0M
Allowance for Funds Used During Construction, Equity$59.0M——$66.0M$73.0M$121.0M
Repayment of Long-Term Debt, Long-Term Lease Obligation, and Capital Security$81.0M———$35.0M$1.3B
Repayments of Notes Payable————$841.0M—
Repayments of Other Short-Term Debt$500.0M———$0.0$50.0M
Right Of Use Asset Obtained In Exchange For Finance Lease Liability————$13.0M$2.0M
Sales-type Lease, Interest Income$7.0M——$6.0M$6.0M$5.0M
Segment Reporting, Other Segment Item, Amount————$4.2B$4.7B
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment$1.7B$15.0M$7.0M$4.0M$85.0M$589.0M
Stockholders' Equity, Other$8.0M$0.0$0.0$1.0M$5.0M$3.0M
Storm Damage Cost Recovery, Noncurrent————$173.0M$93.0M
Taxes other than income taxes and other – net$352.0M——$341.0M$445.0M$464.0M
Variable lease income$139.0M——$134.0M$81.0M$79.0M
Comprehensive Income (Loss), Total$1.5B——$1.5B$1.3B$1.3B
OCI Cash Flow Hedge After Reclassification Before Tax$2.0M——$5.0M$20.0M-$3.0M
Unrealized Gain (Loss) on Derivatives, Net$2.0M——$3.0M$5.0M-$1.0M
Cash Flow Hedge Reclassification, Tax-$8.0M——-$12.0M$4.0M-$1.0M
Recognition of Net Gains/Losses on Benefit Obligations, Net of Taxes————$1.0M$1.0M
Recognition of Net Gains/Losses on Benefit Obligations, Tax Provision————$0.0$0.0
Cash Dividends, Common Stock$741.0M———$736.0M$776.0M
Cash Flow Hedge Reclassification, After Tax-$26.0M——-$36.0M$12.0M-$4.0M
Comprehensive Income Attributable to Noncontrolling Interests$12.0M——$10.0M-$64.0M-$18.0M
Comprehensive Income, Including Noncontrolling Interest$1.5B——$1.5B$1.3B$1.3B
Tax on Reclassification of Hedging Instruments-$8.0M——-$12.0M$4.0M-$1.0M
Amortization of Actuarial Gain, Net of Tax————$1.0M$1.0M
Other Comprehensive Income (Loss)$1.5B——$1.5B$1.3B$1.4B
Comprehensive Income Including Noncontrolling Interest$1.5B——$1.5B$1.3B$1.3B
Total Comprehensive Income$1.5B——$1.5B$1.3B$1.3B
Comprehensive Income, Noncontrolling Interest$12.0M——$10.0M-$64.0M-$18.0M
Comprehensive Income————$1.3B$1.3B
Stockholders' Equity, Other————$5.0M$3.0M

Tax

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Effective Tax Rate (Continuing Operations)$0.0———$0.2$0.1
Effective Tax Rate$0.0———$0.2$0.1
Cash Paid for Income Taxes$3.0M———-$1.0M$0.0
Effective Tax Rate, Continuing Operations$0.0———$0.2$0.1
Effective Income Tax Rate, Continuing Operations$0.0———$0.2$0.1
Effective Tax Rate$0.0———$0.2$0.1
Effective Tax Rate (Continuing Operations)$0.0———$0.2$0.1
Income Taxes Paid, Net$3.0M———-$1.0M$0.0
Income tax expense$414.0M——$297.0M$280.0M$228.0M
Effective Tax Rate (Continuing Operations)$0.0———$0.2$0.1
Deferred Income Tax Expense (Benefit)$368.0M———$351.0M$168.0M
Effective Tax Rate (Continuing Operations)$0.0———$0.2$0.1
Income Taxes Paid, Net$3.0M———-$1.0M$0.0
Effective Income Tax Rate$0.0———$0.2$0.1
Effective Tax Rate, Continuing Operations$0.0———$0.2$0.1
Income and Other Taxes$10.0M———-$418.0M-$408.0M
Effective Tax Rate Continuing Operations$0.0———$0.2$0.1

Other Income & Expense

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Other Non-Cash Income (Expense)$140.0M———$1.0M$25.0M
Cash Paid for Interest$589.0M———$756.0M$901.0M
Other non-cash income (expense)$140.0M———$1.0M$25.0M
Income from equity method investments$28.0M——$32.0M$32.0M$50.0M
Gain (loss) on extinguishment of debt—————-$11.0M
Other Charges$132.0M——$141.0M$149.0M$155.0M
Retirement Related Income (Expense)-$111.0M———-$149.0M-$149.0M
Interest expense$589.0M———$756.0M$901.0M
Change in Accounts Payable$102.0M———-$394.0M-$555.0M
Change in Receivables————-$7.0M-$124.0M
Other Non-Cash Income (Expense)$140.0M———$1.0M$25.0M
Allowance for equity funds used during construction$59.0M——$66.0M$73.0M$121.0M
Other income (expense), net-$292.0M——-$381.0M-$460.0M-$452.0M
Other Non-cash Income (Expense)$140.0M———$1.0M$25.0M
Other Non-Cash Income (Expense)$140.0M———$1.0M$25.0M

Revenue

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Revenue Recognized from Contract Liability$13.0M————$55.0M
Lease Income$196.0M——$176.0M$120.0M$118.0M
Variable Lease Income$139.0M——$134.0M$81.0M$79.0M
Revenue Recognized from Contract Liabilities$13.0M————$55.0M
Rental income————$33.0M$34.0M
Gift Card Revenue Recognized$13.0M————$55.0M
Revenue Recognized from Contract Liability$13.0M————$55.0M
Total revenue$8.4B——$7.0B$7.8B$8.4B

Earnings Per Share

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Common stock dividends per share cash paid$0.7$0.7$0.7$0.7$0.7$0.7
Dividends Per Share, Cash Paid$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share Cash Paid$0.7$0.7$0.7$0.7$0.7$0.7
Basic earnings per share$1.36——$1.30$1.21$1.21
Diluted earnings per share$1.35——$1.29$1.21$1.20
Common Stock Dividends Per Share (Cash Paid)$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per common share$0.7$0.7$0.7$0.7$0.7$0.7
Dividends per share, cash paid————$0.72$0.74
Dividends Per Share (Paid)$0.7$0.7$0.7$0.7$0.7$0.7
Common Stock Dividends Per Share (Cash Paid)$0.7$0.7$0.7$0.7$0.7$0.7
Common stock dividends per share cash paid$0.7$0.7$0.7$0.7$0.7$0.7
Common stock dividends per share cash paid$0.7$0.7$0.7$0.7$0.7$0.7
Weighted-average shares, basic1.1B——1.1B1.1B1.1B
Weighted-average shares, diluted1.1B——1.1B1.1B1.1B

Net Income

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Comprehensive income (loss), including noncontrolling interest$1.5B——$1.5B$1.3B$1.3B
Common Stock Dividends$741.0M———$736.0M$776.0M
Cash Dividends, Common Stock————$791.0M$830.0M
Net income attributable to noncontrolling interests$12.0M——$10.0M-$64.0M-$18.0M
Net income$1.5B——$1.4B$1.3B$1.4B
Common Stock Dividends$741.0M———$736.0M$776.0M
Distributions to Noncontrolling Interest Holders————$37.0M$46.0M

Income Before Tax

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Income before income taxes$1.9B——$1.7B$1.6B$1.6B

Operating Income

MetricQ3 '22Q1 '23Q2 '23Q3 '23Q1 '25Q1 '26
Operating income$2.2B——$2.1B$2.0B$2.0B