The Southern Company (SO)

SO Income Statement

Revenue, expenses, and profitability analysis

SO Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Gross Profit	13.009B	3.902B	1.313B	4.304B	3.490B	3.741B	2.661B	3.953B	3.484B
Revenue	30.174B	8.397B	6.981B	7.823B	6.973B	7.775B	6.341B	7.274B	6.463B
Cost of Goods Sold	17.165B	4.495B	5.668B	3.519B	3.483B	4.034B	3.680B	3.321B	2.979B
Gross Profit Margin	46.5%	46.5%	18.8%	55.0%	50.1%	48.1%	42.0%	54.3%	53.9%
Total Operating Expenses	5.722B	1.884B	402.000M	1.710B	1.726B	1.731B	1.603B	1.585B	1.545B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	7.287B	2.018B	911.000M	2.594B	1.764B	2.010B	1.058B	2.368B	1.939B
Operating Margin	24.0%	24.0%	13.0%	33.2%	25.3%	25.9%	16.7%	32.6%	30.0%
Income Before Tax (EBT)	5.015B	1.566B	196.000M	2.111B	1.142B	1.550B	545.000M	1.912B	1.478B
Interest Income	—	—	—	—	—	—	—	—	—
Interest Expense	3.369B	778.000M	962.000M	755.000M	874.000M	714.000M	693.000M	692.000M	694.000M
Other Income/Expense	-2.272B	-452.000M	-715.000M	-483.000M	-622.000M	-460.000M	-513.000M	-456.000M	-461.000M
Net Income	4.363B	1.356B	416.000M	1.711B	880.000M	1.334B	534.000M	1.535B	1.203B
Income Tax Expense	772.000M	228.000M	-145.000M	400.000M	289.000M	280.000M	79.000M	377.000M	290.000M
Net Profit Margin	16.1%	16.1%	6.0%	21.9%	12.6%	17.2%	8.4%	21.1%	18.6%
EBITDA	14.440B	3.924B	2.763B	4.288B	3.465B	3.675B	2.588B	3.948B	3.483B
EBITDA Margin	46.7%	46.7%	39.6%	54.8%	49.7%	47.3%	40.8%	54.3%	53.9%
Depreciation & Amortization	6.056B	1.580B	1.605B	1.422B	1.449B	1.411B	1.350B	1.344B	1.311B
EPS Basic	3.94	1.21	0.38	1.55	0.80	1.21	0.49	1.40	1.10
EPS Diluted	3.91	1.20	0.37	1.54	0.80	1.21	0.48	1.39	1.09
Shares Outstanding	1.124B	1.124B	1.103B	1.102B	1.100B	1.100B	1.098B	1.097B	1.096B
Diluted Shares Outstanding	1.128B	1.128B	1.109B	1.110B	1.105B	1.105B	1.113B	1.103B	1.104B

SO Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Gross Profit	8.809B	13.342B	11.708B	10.627B	10.247B	9.897B	9.603B	9.616B
Revenue	29.553B	26.724B	25.253B	29.279B	23.113B	20.375B	21.419B	23.495B
Cost of Goods Sold	20.744B	13.382B	13.545B	18.652B	12.866B	10.478B	11.816B	13.879B
Gross Profit Margin	29.8%	49.9%	46.4%	36.3%	44.3%	48.6%	44.8%	40.9%
Total Operating Expenses	1.538B	6.274B	5.882B	5.257B	6.549B	5.012B	1.867B	5.425B
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Income (EBIT)	7.271B	7.068B	5.826B	5.370B	3.698B	4.885B	7.736B	4.191B
Operating Margin	24.6%	26.4%	23.1%	18.3%	16.0%	24.0%	36.1%	17.8%
Income Before Tax (EBT)	4.999B	5.229B	4.345B	4.223B	2.576B	3.496B	6.542B	2.749B
Interest Income	—	—	—	—	—	—	—	—
Interest Expense	3.305B	2.743B	2.446B	2.022B	1.837B	1.821B	1.736B	1.842B
Other Income/Expense	-2.272B	-1.839B	-1.481B	-1.147B	-1.122B	-1.389B	-1.194B	-1.442B
Net Income	4.341B	4.401B	3.976B	3.535B	2.408B	3.134B	4.754B	2.242B
Income Tax Expense	828.000M	969.000M	496.000M	795.000M	267.000M	393.000M	1.798B	449.000M
Net Profit Margin	14.7%	16.5%	15.7%	12.1%	10.4%	15.4%	22.2%	9.5%
EBITDA	14.334B	13.238B	11.777B	10.309B	8.386B	9.222B	11.609B	8.140B
EBITDA Margin	48.5%	49.5%	46.6%	35.2%	36.3%	45.3%	54.2%	34.6%
Depreciation & Amortization	6.030B	5.266B	4.986B	4.064B	3.973B	3.905B	3.331B	3.549B
EPS Basic	3.94	4.02	3.64	3.28	2.26	2.95	4.50	2.15
EPS Diluted	3.92	3.99	3.62	3.26	2.26	2.95	4.50	2.15
Shares Outstanding	1.103B	1.096B	1.092B	1.075B	1.061B	1.058B	1.053B	1.034B
Diluted Shares Outstanding	1.109B	1.103B	1.098B	1.081B	1.061B	1.058B	1.053B	1.034B

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About The Southern Company

The Southern Company operates as an energy utility, primarily involved in the production, transmission, and distribution of electricity. Its operations are segmented into Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services. The company also undertakes the development, construction, acquisition, ownership, and management of various power generation assets, including renewable energy ventures, and supplies electricity to the wholesale market. Complementing its power business, it distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, while also offering gas marketing services, wholesale gas services, and managing gas pipeline investments. Its extensive portfolio of generating assets includes 30 hydroelectric, 24 fossil fuel, three nuclear, 13 combined cycle/cogeneration, 45 solar, 15 wind, one fuel cell, and four battery storage facilities. In terms of natural gas infrastructure, the company builds, operates, and maintains 76,289 miles of pipelines and 14 storage facilities with a total capacity of 157 billion cubic feet, delivering natural gas to residential, commercial, and industrial clients. The Southern Company serves approximately 8.7 million electric and gas utility customers in total. Furthermore, it provides digital wireless communications and fiber optics services. The company was founded in 1945 and maintains its corporate headquarters in Atlanta, Georgia.

Atlanta, GA

28,314 employees

www.southerncompany.com

Utilities / Regulated Electric

Sector: Utilities
Industry: Regulated Electric
CEO: Christopher C. Womack

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