What does electric utilities — income taxes (benefit) mean?

The provision for income taxes or the tax benefit recognized by the electric utility segment. This accounts for the impact of federal and state tax regulations on the segment's pre-tax earnings.

Southern Company SO Electric Utilities — Income taxes (benefit)

Similar metrics at other companies

UGIUtilities — Income Tax Expense (Benefit)

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AEPVertically Integrated Utilities — Income Tax Expense (Benefit)

-$2.8M-60.0%

MGEEElectric — Income Tax Expense Benefit

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UTLElectric — Income Tax Expense Benefit

$900K+28.6%

OTT

OTTRElectric — Income Tax Expense (Benefit)

-$5.18M-29.3%

AWR

AWRElectric: — Income Tax

$884K-15.6%

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$109.1B+4.2%

Enterprise value$183.37B—

P/E19.5×—

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:IncomeTaxExpenseBenefit.

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 electric utilities — income taxes (benefit)?: Southern Company (SO) reported electric utilities — income taxes (benefit) of $160M in Q1 2026.
What does electric utilities — income taxes (benefit) mean?: The provision for income taxes or the tax benefit recognized by the electric utility segment. This accounts for the impact of federal and state tax regulations on the segment's pre-tax earnings.