What is Southern Company's natural gas — gain (loss) on hedges?

Southern Company (SO) reported natural gas — gain (loss) on hedges of $10M in Q1 2026.

What does natural gas — gain (loss) on hedges mean?

This metric represents the net realized and unrealized gains or losses resulting from derivative financial instruments used to manage price volatility in natural gas procurement. It reflects the effectiveness of the company's hedging strategy in mitigating exposure to fluctuating commodity market prices for its utility operations. By isolating these impacts, investors can assess how hedging activities influence the segment's reported operating income relative to underlying market conditions.

Southern Company SO Natural gas — Gain (loss) on hedges

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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$107.89B+11.1%

Enterprise value$182.16B—

P/E19.3×—

P/S3.4×-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:OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax.

The official record: Southern Company’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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What is Southern Company's natural gas — gain (loss) on hedges?: Southern Company (SO) reported natural gas — gain (loss) on hedges of $10M in Q1 2026.
What does natural gas — gain (loss) on hedges mean?: This metric represents the net realized and unrealized gains or losses resulting from derivative financial instruments used to manage price volatility in natural gas procurement. It reflects the effectiveness of the company's hedging strategy in mitigating exposure to fluctuating commodity market prices for its utility operations. By isolating these impacts, investors can assess how hedging activities influence the segment's reported operating income relative to underlying market conditions.