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Southern Company SO Prepaid pension costs

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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$106.63B+1.0%
Enterprise value$180.9B
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 so:PrepaidPensionCosts.

The source filing: Southern Company’s 10-Q, filed April 30, 2026.

Filed
Apr 29, 2026, 5:37 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000092122-26-000034
AssetsAt March 31, 2026At December 31, 2025
Deferred Charges and Other Assets:
Operating lease right-of-use assets, net of amortization1,3511,358
Deferred charges related to income taxes1,026948
Prepaid pension costs3,3693,257
Unamortized loss on reacquired debt183187
Deferred under recovered fuel clause revenues210252
Regulatory assets – asset retirement obligations, deferred5,1985,129
Other regulatory assets, deferred7,6837,427

Item 1. Financial Statements (Unaudited).

FAQ

What is Southern Company's prepaid pension costs?
Southern Company (SO) reported prepaid pension costs of $3.37B in Q1 2026.
What does prepaid pension costs mean?
This represents the amount by which the fair value of pension plan assets exceeds the projected benefit obligation. It indicates that the company has overfunded its pension obligations, creating a future economic benefit.

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