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Southern Company SO Purchased power — Total cost of sales

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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$107.1B+2.8%
Enterprise value$181.37B
P/E19.2×
P/S3.4×-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:CostOfGoodsAndServicesSold.

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 itemFor the Three Months Ended March 31, 20262025
Total operating revenues8,3977,775
Operating Expenses:
Fuel1,4911,292
Purchased power244250
Cost of natural gas926674
Cost of other sales181199
Other operations and maintenance1,6531,619
Depreciation and amortization1,4201,286

Item 1. Financial Statements (Unaudited).

FAQ

What is Southern Company's purchased power — total cost of sales?
Southern Company (SO) reported purchased power — total cost of sales of $244M in Q1 2026.
How has Southern Company's purchased power — total cost of sales changed year-over-year?
Southern Company's purchased power — total cost of sales decreased by 2.4% year-over-year, from $250M to $244M.
What does purchased power — total cost of sales mean?
This metric represents the total expenditure incurred by the utility to acquire electricity from third-party generators or wholesale markets to supplement its own internal generation capacity. It reflects the company's reliance on external supply sources to meet customer demand during periods of high load or when internal generation is insufficient or uneconomical. This cost is a critical component of the overall cost of sales for the utility's power delivery operations.

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