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Southern Company SO Commercial — Total revenue from contracts with customers

Other product segments

Retail electric revenues
$4.62B
Residential
$2B-3.0%
Industrial
$942M+3.0%
PPA energy revenues
$496M+19.5%
Transportation
$440M+8.4%
Other natural gas revenues
$284M+9.2%
Non-PPA revenues
$169M+26.1%
PPA capacity revenues
$149M0.0%
Other
$31M0.0%

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ICFICommercial — Revenue
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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$109.63B+5.7%
Enterprise value$183.9B
P/E19.6×
P/S3.5×-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 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 commercial — total revenue from contracts with customers?
Southern Company (SO) reported commercial — total revenue from contracts with customers of $1.66B in Q1 2026.
How has Southern Company's commercial — total revenue from contracts with customers changed year-over-year?
Southern Company's commercial — total revenue from contracts with customers increased by 3.2% year-over-year, from $1.61B to $1.66B.
What does commercial — total revenue from contracts with customers mean?
This metric represents the total revenue generated from the sale of electricity to commercial customers, including businesses, offices, and retail establishments. It reflects the demand for energy within the non-residential sector of the utility's service territory. As a key component of retail electric operations, it provides insight into the economic activity and energy consumption patterns of the commercial base.