Products & Services · Total revenue from contracts with customers
Non-PPA revenues — Total revenue from contracts with customers
Southern Company Non-PPA revenues — Total revenue from contracts with customers increased by 26.1% to $169M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.1%, from $134M to $169M.
Analysis
StatementSegment
CategoryMarket Position
SignalContext dependent
VolatilityVolatile
First reportedQ1 2018
Last reportedQ1 2026Apr 30, 2026
Rolls up toTotal Revenue
How to read this metric
An increase suggests higher exposure to merchant power market volatility and potentially higher margins during periods of peak demand or supply constraints. A decrease indicates a shift toward more stable, contracted revenue models or reduced merchant market activity.
Detailed definition
This metric represents revenue generated from wholesale electricity sales that are not governed by long-term Power Purch...
Peer comparison
Comparable to merchant power revenue or non-contracted wholesale sales reported by other large-scale utility and independent power producers.
Metric ID:
so_segment_non_ppa_revenues_total_revenue_from_contracts_with_customersHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $78M | $134M | $118M | $102M | $196M | $303M | $137M | $134M | $169M |
| QoQ Change | — | +71.8% | -11.9% | -13.6% | +92.2% | +54.6% | -54.8% | -2.2% | +26.1% |
| YoY Change | — | — | — | — | +151.3% | +126.1% | -54.8% | — | +26.1% |
Range$78M – $303M
CAGR+47.2%
Avg YoY Growth+62.2%
Median YoY Growth+76.1%
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Frequently Asked Questions
- What is Southern Company's non-ppa revenues — total revenue from contracts with customers?
- Southern Company (SO) reported non-ppa revenues — total revenue from contracts with customers of $169M in Q1 2026.
- How has Southern Company's non-ppa revenues — total revenue from contracts with customers changed year-over-year?
- Southern Company's non-ppa revenues — total revenue from contracts with customers increased by 26.1% year-over-year, from $134M to $169M.
- What does non-ppa revenues — total revenue from contracts with customers mean?
- Revenue from wholesale electricity sales that are not tied to long-term fixed-price contracts.