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Southern Company SO Commercial — Total operating revenues

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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$107.1B+2.8%
Enterprise value$181.37B
P/E19.2×
P/S3.4×-0.5×

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 us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax.

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
Three Months Ended March 31, 2026Southern CompanyAlabama PowerGeorgia PowerMississippi PowerSouthern PowerSouthern Company Gas
Total retail electric revenues4,6391,6672,717255
Natural gas distribution revenues
Residential1,0281,028
Commercial253253
Transportation440440
Industrial2424
Other145145
Total natural gas distribution revenues1,8901,890

Item 1. Financial Statements (Unaudited).

FAQ

What is Southern Company's commercial — total operating revenues?
Southern Company (SO) reported commercial — total operating revenues of $253M in Q1 2026.
How has Southern Company's commercial — total operating revenues changed year-over-year?
Southern Company's commercial — total operating revenues increased by 27.1% year-over-year, from $199M to $253M.
What does commercial — total operating revenues mean?
This metric represents the total gross income generated from the sale of natural gas services to commercial customers within the specified business segment. It reflects the aggregate revenue recognized from providing utility services to non-residential entities, excluding residential and industrial categories. This figure is a primary indicator of the segment's market demand and revenue-generating capacity within the commercial utility sector.

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