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Southern Company SO Retail electric revenues — Total revenue from contracts with customers

Other product segments

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%

Similar metrics at other companies

American Electric Power logo
AEPTotal Retail Revenues — Total Revenues from Contracts with Customers
$4.16B+5.3%
Xcel Energy logo
XELRetail — Revenue from contracts with customers
$3.29B+1.0%
NRG Energy logo
NRGRetail revenue — Revenue from contracts with customers
$9.5B+15.6%
VIA
VIARetail Electricity — Revenue
$86.87M+7.6%
Vistra logo
VSTRetail — Total revenue from contracts with customers
$3.69B+16.4%
CNP
CNPRetail electric sales — Revenue
$184M+18.3%

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:RevenueFromContractWithCustomerIncludingAssessedTax.

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 retail electric revenues — total revenue from contracts with customers?
Southern Company (SO) reported retail electric revenues — total revenue from contracts with customers of $4.64B in Q1 2026.
How has Southern Company's retail electric revenues — total revenue from contracts with customers changed year-over-year?
Southern Company's retail electric revenues — total revenue from contracts with customers increased by 0.3% year-over-year, from $4.62B to $4.64B.
What does retail electric revenues — total revenue from contracts with customers mean?
This metric represents the total revenue recognized from the sale of electricity to end-use retail customers under specific service contracts. It reflects the core income generated by the utility's primary business of delivering power to residential, commercial, and industrial consumers within its regulated service territories. This figure is a key indicator of the utility's customer demand and the effectiveness of its rate structures.