Southern Company SO Business Segments
| Q1 '26 | Q4 '25 | Q1 '25 | Q3 '23 | Q4 '22 | ||
|---|---|---|---|---|---|---|
| Total operating revenues by Business | ||||||
| Reportable Segment | $3.14B— | —— | $3.04B— | —— | —— | |
| SOUTHERN POWER CO | $681M— | —— | $567M-13.2% | $653M— | —— | |
| Other segment items by Business | ||||||
| Reportable Segment | $1.16B— | —— | $1.12B— | —— | —— | |
| SOUTHERN POWER CO | $442M— | —— | $303M— | —— | —— | |
| Earnings from equity method investments by Business | ||||||
| Gas distribution operations | $0— | —— | $0— | —— | —— | |
| Gas marketing services | $0— | —— | $0— | —— | —— | |
| Gas Pipeline Investments | $46M— | —— | $39M— | —— | —— | |
| SOUTHERN Co GAS | $46M— | —— | $39M— | —— | —— | |
| Traditional Electric Operating Companies | -$1M— | —— | -$2M— | —— | —— | |
| Interest Expense by Business | ||||||
| Gas distribution operations | $91M— | —— | $82M— | —— | —— | |
| Gas marketing services | $1M— | —— | $1M— | —— | —— | |
| Gas Pipeline Investments | $9M— | —— | $9M— | —— | —— | |
| SOUTHERN Co GAS | $105M— | —— | $92M— | —— | —— | |
| Depreciation and Amortization Excluding Nuclear Fuel by Business | ||||||
| Gas distribution operations | $179M— | —— | $164M— | —— | —— | |
| Gas marketing services | $2M— | —— | $3M— | —— | —— | |
| Gas Pipeline Investments | $1M— | —— | $1M— | —— | —— | |
| SOUTHERN Co GAS | $183M— | —— | $169M— | —— | —— | |
| Total revenue from contracts with customers by Product | ||||||
| Commercial | $1.66B— | —— | $1.61B-12.6% | $1.85B— | —— | |
| Industrial | $942M— | —— | $915M-18.0% | $1.12B— | —— | |
| Non-PPA revenues | $169M— | —— | $134M-2.2% | $137M— | —— | |
| Other | $3M— | —— | $4M-50.0% | $8M— | —— | |
| Other revenues | $493M— | —— | $493M+49.4% | $330M— | —— | |
| Other | $31M— | —— | $31M+3.3% | $30M— | —— | |
| PPA capacity revenues | $149M— | —— | $149M-1.3% | $151M— | —— | |
| PPA energy revenues | $496M— | —— | $415M+30.9% | $317M— | —— | |
| Residential | $2B— | —— | $2.07B-18.8% | $2.54B— | —— | |
| Retail electric revenues | $4.64B— | —— | $4.62B-16.5% | $5.53B— | —— | |
| Transportation | $440M— | —— | $406M+47.6% | $275M— | —— | |
| Total cost of sales by Product | ||||||
| Fuel and purchased power | $205M— | —— | $166M-1.8% | $169M— | —— | |
| Fuel | $1.49B— | —— | $1.29B-5.5% | $1.37B— | —— | |
| Natural gas | $926M— | —— | $674M+561% | $102M— | —— | |
| Other revenues | $181M— | —— | $199M+57.9% | $126M— | —— | |
| Purchased power, affiliates | $289M— | —— | $264M+19.5% | $221M— | —— | |
| Purchased power | $244M— | —— | $250M+20.8% | $207M— | —— | |
| Total operating revenues by Product | ||||||
| Commercial | $253M— | —— | $199M+255% | $56M— | —— | |
| Industrial | $24M— | —— | $18M+350% | $4M— | —— | |
| Other natural gas revenues | $284M— | —— | $260M+319% | $62M— | —— | |
| Other | $145M— | —— | $112M+86.7% | $60M— | —— | |
| Residential | $1.03B— | —— | $845M+289% | $217M— | —— | |
| Contract Liabilities by Product | ||||||
| Energy Efficiency Enhancement And Upgrade | $68M— | —— | —— | $51M— | —— | |
| Unregulated Distributed Generation | $170M+28.8% | $132M— | —— | $47M+46.9% | $32M-13.5% | |
| Fuel cost recovery by Product | ||||||
| Wholesale MB | $0— | $0— | —— | —— | —— | |
| Wholesale MRA | $9M+50.0% | $6M— | —— | —— | —— | |
| Gain (loss) on hedges by Product | ||||||
| Fuel | $3M— | —— | $1M— | —— | —— | |
| Natural gas | $10M— | —— | -$1M— | —— | —— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Southern Company break its business down?
- Southern Company (SO) reports total operating revenues by business across 2 parts — Reportable Segment and SOUTHERN POWER CO. Each is extracted from the segment footnotes and tracked over time.
- Where does Southern Company's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Southern Company's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.
