What is Southern Company's customer refunds?

Southern Company (SO) reported customer refunds of $5M in Q1 2026.

How has Southern Company's customer refunds changed year-over-year?

Southern Company's customer refunds increased by 105.3% year-over-year, from -$95M to $5M.

What does customer refunds mean?

Captures cash outflows returned to customers due to regulatory adjustments, over-collections, or rate settlements. It represents a direct return of capital to the ratepayer base.

Southern Company SO Customer refunds

Customer refunds at other companies

WEC Energy GroupWEC

$10.9M+2,082%

WEC Energy GroupWEC

$10.9M+2,082%

CMS

CMS EnergyCMS

$0-100%

California Water Service GroupCWT

$2.6M+12.2%

American Electric PowerAEP

-$48M+17.2%

Eversource EnergyES

$1.3M-81.4%

Other financials

Income statement

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Revenue$8.4B+8.0%

Gross profit$5.0B—

Operating income$2.0B+0.4%

Net income$1.4B+1.6%

EPS (diluted)$1.20-0.8%

Balance sheet

See full

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$107.01B+7.1%

P/E21.4×—

P/S3.7×-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 so:IncreaseDecreaseInCustomerRefunds.

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 customer refunds?: Southern Company (SO) reported customer refunds of $5M in Q1 2026.
How has Southern Company's customer refunds changed year-over-year?: Southern Company's customer refunds increased by 105.3% year-over-year, from -$95M to $5M.
What does customer refunds mean?: Captures cash outflows returned to customers due to regulatory adjustments, over-collections, or rate settlements. It represents a direct return of capital to the ratepayer base.