Fuel — Total cost of sales
Southern Company Fuel — Total cost of sales decreased by 43.6% to $1.37B in Q3 2023 compared to the prior quarter. Year-over-year, this metric declined by 43.6%, from $2.42B to $1.37B. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase typically signals rising commodity prices or higher generation demand, while a decrease may indicate lower fuel costs, improved generation efficiency, or a shift toward lower-cost energy sources.
Detailed definition
This metric represents the total direct expenditure incurred by the utility segment for the procurement of fuel sources...
Peer comparison
Comparable to fuel expense line items reported by other vertically integrated electric utilities, though variations exist based on the specific fuel mix and the ability to pass costs through to ratepayers via fuel adjustment clauses.
so_segment_fuel_total_cost_of_salesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | |
|---|---|---|---|---|---|---|---|
| Value | $848.00M | $1.23B | $1.08B | $1.11B | $1.72B | $2.42B | $1.37B |
| QoQ Change | — | +45.5% | -12.5% | +2.9% | +54.4% | +41.3% | -43.6% |
| YoY Change | — | — | — | — | +102.2% | +96.4% | -43.6% |
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Frequently Asked Questions
- What is Southern Company's fuel — total cost of sales?
- Southern Company (SO) reported fuel — total cost of sales of $1.37B in Q3 2023.
- How has Southern Company's fuel — total cost of sales changed year-over-year?
- Southern Company's fuel — total cost of sales decreased by 43.6% year-over-year, from $2.42B to $1.37B.
- What does fuel — total cost of sales mean?
- The total cost incurred by the company to purchase the fuel required to generate electricity.