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Southern Company SO Wholesale revenues, affiliates — Total operating revenues

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Other financials

Income statement

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Revenue$8.4B+8.0%
Gross profit$5.0B
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$107.97B+7.1%
P/E21.6×
P/S3.7×-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 wholesale revenues, affiliates — total operating revenues?
Southern Company (SO) reported wholesale revenues, affiliates — total operating revenues of $119M in Q1 2026.
How has Southern Company's wholesale revenues, affiliates — total operating revenues changed year-over-year?
Southern Company's wholesale revenues, affiliates — total operating revenues increased by 2.6% year-over-year, from $116M to $119M.
What does wholesale revenues, affiliates — total operating revenues mean?
This metric captures the total operating revenue derived from wholesale energy transactions conducted with affiliated companies. It serves as a comprehensive measure of the financial scale of internal wholesale operations within the utility's broader operating revenue framework. Monitoring this helps investors assess the extent to which the company utilizes its generation capacity to support the operational needs of its own subsidiaries.