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Southern Company SO Fuel and purchased power — Total cost of sales

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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$106.63B+2.5%
Enterprise value$180.9B
P/E19.1×
P/S3.4×-0.4×

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:CostOfGoodsAndServicesSold.

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
Line itemFor the Three Months Ended March 31, 20262025
Other revenues1520
Total operating revenues472420
Operating Expenses:
Fuel and purchased power205166
Other operations and maintenance8884
Depreciation and amortization5552
Taxes other than income taxes3633
Total operating expenses384335

Item 1. Financial Statements (Unaudited).

FAQ

What is Southern Company's fuel and purchased power — total cost of sales?
Southern Company (SO) reported fuel and purchased power — total cost of sales of $205M in Q1 2026.
How has Southern Company's fuel and purchased power — total cost of sales changed year-over-year?
Southern Company's fuel and purchased power — total cost of sales increased by 23.5% year-over-year, from $166M to $205M.
What does fuel and purchased power — total cost of sales mean?
This metric represents the aggregate expenditure incurred by a utility company for the procurement of fuel sources, such as natural gas, coal, and nuclear fuel, alongside the cost of electricity purchased from third-party providers. It serves as a primary variable operating expense for vertically integrated utilities, directly reflecting the cost of energy production and supply chain volatility. Monitoring this figure is essential for assessing the impact of commodity price fluctuations on the company's ability to recover costs through regulatory rate mechanisms.

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