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Southern Company SO Natural Gas — Total operating revenues

Other product segments

Retail electric revenues
$4.62B
Residential
$2B-3.0%
Commercial
$1.66B+3.2%
Industrial
$942M+3.0%
PPA energy revenues
$496M+19.5%
Transportation
$440M+8.4%
Other natural gas revenues
$284M+9.2%
Non-PPA revenues
$169M+26.1%
PPA capacity revenues
$149M0.0%
Other
$31M0.0%

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$158.37M-15.5%
MTD
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$99.65M+7.3%
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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 natural gas — total operating revenues?
Southern Company (SO) reported natural gas — total operating revenues of $2.19B in Q1 2026.
How has Southern Company's natural gas — total operating revenues changed year-over-year?
Southern Company's natural gas — total operating revenues increased by 19.1% year-over-year, from $1.84B to $2.19B.
What does natural gas — total operating revenues mean?
This metric represents the total gross income generated by the natural gas utility segment through its primary business operations, including distribution, transmission, and related services. It captures the aggregate inflow of economic benefits from the delivery of natural gas to residential, commercial, and industrial customers before the deduction of operating expenses. This figure is a key indicator of the scale and market reach of the company's natural gas infrastructure assets.