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Southern Company SO Gas distribution operations — Income taxes (benefit)

Other segment segments

Reportable Segment
$129M+16.2%
SOUTHERN POWER CO
-$70M-6,900%

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$946K+38.1%

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$107.89B+11.1%
Enterprise value$182.16B
P/E19.3×
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: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 gas distribution operations — income taxes (benefit)?
Southern Company (SO) reported gas distribution operations — income taxes (benefit) of $116M in Q1 2026.
What does gas distribution operations — income taxes (benefit) mean?
This metric represents the income tax expense or benefit attributable to the gas distribution segment's earnings. It reflects the tax impact of the segment's operational performance, considering statutory rates and applicable tax credits or adjustments. It is essential for calculating the segment's net contribution to the company's total earnings after tax.