Southern Company SO Business Segments
| Q1 '26 | Q4 '25 | Q1 '25 | Q3 '23 | Q4 '22 | ||
|---|---|---|---|---|---|---|
| Total operating revenues by Business | ||||||
| Reportable Segment | $3.14B+3.5% | —— | $3.04B— | —— | —— | |
| SOUTHERN POWER CO | $681M+20.1% | —— | $567M— | $653M-44.7% | —— | |
| Other segment items by Business | ||||||
| Reportable Segment | $1.16B+4.1% | —— | $1.12B— | —— | —— | |
| SOUTHERN POWER CO | $442M+45.9% | —— | $303M— | —— | —— | |
| Earnings from equity method investments by Business | ||||||
| Gas distribution operations | $0— | —— | $0— | —— | —— | |
| Gas marketing services | $0— | —— | $0— | —— | —— | |
| Gas Pipeline Investments | $46M+17.9% | —— | $39M— | —— | —— | |
| SOUTHERN Co GAS | $46M+17.9% | —— | $39M— | —— | —— | |
| Traditional Electric Operating Companies | -$1M+50.0% | —— | -$2M— | —— | —— | |
| Interest Expense by Business | ||||||
| Gas distribution operations | $91M+11.0% | —— | $82M— | —— | —— | |
| Gas marketing services | $1M0.0% | —— | $1M— | —— | —— | |
| Gas Pipeline Investments | $9M0.0% | —— | $9M— | —— | —— | |
| SOUTHERN Co GAS | $105M+14.1% | —— | $92M— | —— | —— | |
| Depreciation and Amortization Excluding Nuclear Fuel by Business | ||||||
| Gas distribution operations | $179M+9.1% | —— | $164M— | —— | —— | |
| Gas marketing services | $2M-33.3% | —— | $3M— | —— | —— | |
| Gas Pipeline Investments | $1M0.0% | —— | $1M— | —— | —— | |
| SOUTHERN Co GAS | $183M+8.3% | —— | $169M— | —— | —— | |
| Total revenue from contracts with customers by Product | ||||||
| Commercial | $1.66B+3.2% | —— | $1.61B— | $1.85B+12.7% | —— | |
| Industrial | $942M+3.0% | —— | $915M— | $1.12B-5.7% | —— | |
| Non-PPA revenues | $169M+26.1% | —— | $134M— | $137M-54.8% | —— | |
| Other | $3M-25.0% | —— | $4M— | $8M-46.7% | —— | |
| Other revenues | $493M0.0% | —— | $493M— | $330M+19.1% | —— | |
| Other | $31M0.0% | —— | $31M— | $30M+11.1% | —— | |
| PPA capacity revenues | $149M0.0% | —— | $149M— | $151M-13.7% | —— | |
| PPA energy revenues | $496M+19.5% | —— | $415M— | $317M-61.0% | —— | |
| Residential | $2B-3.0% | —— | $2.07B— | $2.54B+20.9% | —— | |
| Retail electric revenues | $4.64B+0.3% | —— | $4.62B— | $5.53B+11.8% | —— | |
| Transportation | $440M+8.4% | —— | $406M— | $275M+6.2% | —— | |
| Total cost of sales by Product | ||||||
| Fuel and purchased power | $205M+23.5% | —— | $166M— | $169M-35.5% | —— | |
| Fuel | $1.49B+15.4% | —— | $1.29B— | $1.37B-43.6% | —— | |
| Natural gas | $926M+37.4% | —— | $674M— | $102M-65.3% | —— | |
| Other revenues | $181M-9.0% | —— | $199M— | $126M+37.0% | —— | |
| Purchased power, affiliates | $289M+9.5% | —— | $264M— | $221M-61.3% | —— | |
| Purchased power | $244M-2.4% | —— | $250M— | $207M-67.9% | —— | |
| Total operating revenues by Product | ||||||
| Commercial | $253M+27.1% | —— | $199M— | $56M-39.8% | —— | |
| Industrial | $24M+33.3% | —— | $18M— | $4M-66.7% | —— | |
| Other natural gas revenues | $284M+9.2% | —— | $260M— | $62M-37.4% | —— | |
| Other | $145M+29.5% | —— | $112M— | $60M+22.4% | —— | |
| Residential | $1.03B+21.7% | —— | $845M— | $217M-34.4% | —— | |
| Contract Liabilities by Product | ||||||
| Energy Efficiency Enhancement And Upgrade | $68M— | —— | —— | $51M— | —— | |
| Unregulated Distributed Generation | $170M— | $132M— | —— | $47M+27.0% | $32M-17.9% | |
| Fuel cost recovery by Product | ||||||
| Wholesale MB | $0— | $0— | —— | —— | —— | |
| Wholesale MRA | $9M— | $6M— | —— | —— | —— | |
| Gain (loss) on hedges by Product | ||||||
| Fuel | $3M+200% | —— | $1M— | —— | —— | |
| Natural gas | $10M+1,100% | —— | -$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.
