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Southern Company SO Fuel — 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$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: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 revenues336349
Total operating revenues8,3977,775
Operating Expenses:
Fuel1,4911,292
Purchased power244250
Cost of natural gas926674
Cost of other sales181199
Other operations and maintenance1,6531,619

Item 1. Financial Statements (Unaudited).

FAQ

What is Southern Company's fuel — total cost of sales?
Southern Company (SO) reported fuel — total cost of sales of $1.49B in Q1 2026.
How has Southern Company's fuel — total cost of sales changed year-over-year?
Southern Company's fuel — total cost of sales increased by 15.4% year-over-year, from $1.29B to $1.49B.
What does fuel — total cost of sales mean?
This metric represents the total direct expenditure incurred by the utility segment for the procurement of fuel sources used in electricity generation, including coal, natural gas, and nuclear fuel. It serves as a primary indicator of the variable cost structure associated with the company's rate-regulated generating capacity. Fluctuations in this metric are heavily influenced by commodity market prices, fuel mix optimization, and regulatory recovery mechanisms.

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