What is Southern Company's derivative liability?

Southern Company (SO) reported derivative liability of $326.00M in Q1 2026.

What is the long-term trend for Southern Company's derivative liability?

Over 3 years (2020 to 2025), Southern Company's derivative liability has grown at a 61.0% compound annual growth rate (CAGR), from $64.00M to $267.00M.

What does derivative liability mean?

The total market value of all derivative contracts that currently have a negative value for the company.

Other

Derivative Liability

Southern Company Derivative Liability increased by 22.1% to $326.00M in Q1 2026 compared to the prior quarter. Over 3 years (FY 2020 to FY 2025), Derivative Liability shows an upward trend with a 61.0% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementBalance Sheet Statement

SectionOther

CategoryRisk

SignalLower is better

VolatilityVolatile

First reportedQ4 2025

Last reportedQ1 2026

How to read this metric

An increase in liabilities may indicate unfavorable market movements against the firm's hedges or increased hedging activity.

Detailed definition

This represents the total fair value of all derivative contracts that are in a loss position for the company at the repo...

Peer comparison

Standard metric for any large financial institution or insurer with significant balance sheet hedging activities.

Metric ID: other_derivative_liabilities

Historical Data

10 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q3 '23	Q4 '25	Q1 '26
Value	$134.00M	$66.00M	$125.00M	$271.00M	$472.00M	$666.00M	$617.00M	$708.00M	$267.00M	$326.00M
QoQ Change	—	-50.7%	+89.4%	+116.8%	+74.2%	+41.1%	-7.4%	+14.7%	-62.3%	+22.1%
YoY Change	—	—	—	—	+252.2%	+909.1%	+393.6%	+6.3%	—	—

Range$66.00M – $708.00M

CAGR+48.5%

Avg YoY Growth+390.3%

Median YoY Growth+322.9%

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Frequently Asked Questions

What is Southern Company's derivative liability?: Southern Company (SO) reported derivative liability of $326.00M in Q1 2026.
What is the long-term trend for Southern Company's derivative liability?: Over 3 years (2020 to 2025), Southern Company's derivative liability has grown at a 61.0% compound annual growth rate (CAGR), from $64.00M to $267.00M.
What does derivative liability mean?: The total market value of all derivative contracts that currently have a negative value for the company.