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Southern Company SO Gas Pipeline Investments — Total operating revenues

Other segment segments

Reportable Segment
$3.14B+3.5%
SOUTHERN POWER CO
$681M+20.1%

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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$109.63B+5.7%
Enterprise value$183.9B
P/E19.6×
P/S3.5×-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:Revenues.

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 pipeline investments — total operating revenues?
Southern Company (SO) reported gas pipeline investments — total operating revenues of $8M in Q1 2026.
How has Southern Company's gas pipeline investments — total operating revenues changed year-over-year?
Southern Company's gas pipeline investments — total operating revenues decreased by 0.0% year-over-year, from $8M to $8M.
What does gas pipeline investments — total operating revenues mean?
This metric captures the total gross income generated by the gas pipeline segment through the transportation, storage, and distribution of natural gas. It reflects the top-line revenue performance driven by contractual capacity agreements and market-based throughput fees. This figure is a primary measure of the scale and market demand for the company's midstream infrastructure assets.