What is Southern Company's gas marketing services — goodwill?

Southern Company (SO) reported gas marketing services — goodwill of $981M in Q1 2026.

What does gas marketing services — goodwill mean?

This metric represents the intangible asset created when the gas marketing services segment was acquired for a price exceeding the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and expected future synergies. It is subject to periodic impairment testing to ensure the carrying value remains justified.

Southern Company (SO) Gas marketing services — Goodwill

Screener

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Other financials

Income statement

See full

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

See full

Cash & equivalents$987.0M-57.7%

Total debt$75.3B—

Total equity$39.9B+7.2%

Total assets$157.03B—

Cash flow

See full

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$108.76B+3.0%

Enterprise value$183.02B—

P/E19.4×—

P/S3.5×-0.5×

Profitability

See full

Operating margin18.7%-2.5pp

Net margin13.1%—

FCF margin-5.1%—

Returns & leverage

See full

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:Goodwill.

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 item	Goodwill	Goodwill
Southern Company	$	$5,161
Southern Company Gas:
Gas distribution operations	$	$4,034
Gas marketing services	981
Southern Company Gas total	$	$5,015

Item 1. Financial Statements (Unaudited).

FAQ

What is Southern Company's gas marketing services — goodwill?: Southern Company (SO) reported gas marketing services — goodwill of $981M in Q1 2026.
What does gas marketing services — goodwill mean?: This metric represents the intangible asset created when the gas marketing services segment was acquired for a price exceeding the fair market value of its net identifiable assets. It reflects the premium paid for brand reputation, customer relationships, and expected future synergies. It is subject to periodic impairment testing to ensure the carrying value remains justified.