Southern Co (SOJE) revenue by segment
SOJENYSEElectric ServicesFiscal year ends December 31Also trades as SO, SOJC, SOJD, SOJF, SOMN
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026Score 6/3012% above fair value
$15.23−0.02 (-0.13%)
Close on Oct 30, 2026Market cap $17.38BP/E 3.7Yield 19.30%
Southern Co revenue by segment
By business segment
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utilities | $23.78B | $21.60B | $20.00B | $22.87B | $18.30B | $16.50B | $17.10B | $18.57B | $18.54B | – | 80.5% | +10.1% |
| Traditional Electric Operating Companies | $22.06B | $19.98B | $18.36B | $20.41B | $16.61B | $15.14B | – | – | – | – | 74.6% | +10.4% |
| Southern Company Gas | $5.04B | $4.46B | $4.70B | $5.96B | $4.38B | $3.43B | $3.79B | $3.91B | $3.92B | $1.65B | 17.1% | +13.2% |
| Southern Power Company | $2.20B | $2.01B | $2.19B | $3.37B | $2.22B | $1.73B | – | – | $392.00M | $419.00M | 7.4% | +9.1% |
| All Other | – | – | $718.00M | $593.00M | $582.00M | $596.00M | $690.00M | $1.21B | $741.00M | $463.00M | – | – |
By product or service
| Revenue | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail electric revenues | $19.33B | $17.79B | $16.34B | $18.20B | $14.85B | $13.64B | $14.08B | $15.22B | $15.33B | $15.23B | 65.4% | +8.7% |
| Residential | $8.60B | $8.28B | $7.31B | $6.60B | $6.21B | $6.11B | $6.16B | $6.59B | – | – | 29.1% | +3.9% |
| Commercial | $7.00B | $6.59B | $5.86B | $5.37B | $4.88B | $4.70B | $5.07B | $5.26B | – | – | 23.7% | +6.2% |
| Natural gas | $5.04B | $4.46B | $4.70B | $5.96B | $4.38B | $3.43B | $3.79B | $3.85B | $3.79B | $1.60B | 17.1% | +13.2% |
| Natural gas distribution revenues | $4.45B | $3.82B | $4.04B | $5.22B | $3.63B | $2.89B | $2.99B | $3.18B | – | – | 15.1% | +16.7% |
| Industrial | $4.05B | $3.89B | $3.61B | $3.76B | $3.07B | $2.78B | $3.13B | $3.15B | – | – | 13.7% | +3.9% |
| Wholesale revenues | $2.94B | $2.43B | $2.47B | $3.64B | $2.46B | $1.95B | $2.15B | $2.52B | $2.43B | $1.93B | 10.0% | +21.0% |
| Wholesale electric revenues | $2.37B | $1.93B | $1.98B | $3.12B | $1.85B | $1.40B | $1.52B | $1.71B | – | – | 8.0% | +22.8% |
| PPA energy revenues | $1.43B | $1.06B | $1.11B | $2.27B | $1.12B | $735.00M | $833.00M | $950.00M | – | – | 4.8% | +35.0% |
| Transportation | $1.42B | $1.30B | $1.18B | $1.19B | $1.04B | $971.00M | $907.00M | $944.00M | – | – | 4.8% | +10.0% |
| Other revenues | $1.28B | $1.15B | $949.00M | $732.00M | $708.00M | $681.00M | $755.00M | $1.24B | $803.00M | $442.00M | 4.3% | +11.6% |
| Other electric revenues | $953.00M | $896.00M | $792.00M | $747.00M | $718.00M | $672.00M | $636.00M | $664.00M | $681.00M | $698.00M | 3.2% | +6.4% |
| PPA capacity revenues | $637.00M | $641.00M | $624.00M | $596.00M | $493.00M | $454.00M | $453.00M | $498.00M | – | – | 2.2% | -0.6% |
| Other natural gas revenues | $581.00M | $525.00M | $559.00M | $687.00M | $2.67B | $2.15B | $2.61B | $3.74B | – | – | 2.0% | +10.7% |
| Gas marketing services | $569.00M | $507.00M | $528.00M | $636.00M | $464.00M | $391.00M | $440.00M | $571.00M | – | – | 1.9% | +12.2% |
| Non-PPA revenues | $299.00M | $226.00M | $250.00M | $250.00M | $236.00M | $210.00M | $232.00M | $263.00M | – | – | 1.0% | +32.3% |
| Other | $123.00M | $124.00M | $112.00M | $102.00M | $93.00M | $90.00M | $90.00M | $94.00M | – | – | 0.4% | -0.8% |
| Electric Utilities | – | – | – | – | $18.30B | $16.50B | $17.10B | $18.57B | $18.54B | $17.94B | – | – |
| Wholesale gas services | – | – | – | – | $2.17B | $1.73B | $2.10B | $3.08B | – | – | – | – |
| Revenue from contracts with customers | – | – | – | – | – | – | $22.60B | $25.24B | – | – | – | – |
| Other revenue sources | – | – | – | – | – | – | $4.27B | $5.11B | – | – | – | – |
| Other adjustments | – | – | – | – | – | – | -$5.44B | -$6.85B | – | – | – | – |
| Gas pipeline investments | – | – | – | – | – | – | $32.00M | $32.00M | – | – | – | – |
| Alternative revenue programs | – | – | – | – | – | – | – | -$20.00M | – | – | – | – |
| Total retail electric and gas distribution revenues | – | – | – | – | – | – | – | $18.38B | – | – | – | – |
| Wholesale capacity revenues | – | – | – | – | – | – | – | $620.00M | – | – | – | – |
| Wholesale energy revenues | – | – | – | – | – | – | – | $1.90B | – | – | – | – |
| Wholesale | – | – | – | – | – | – | – | – | $2.43B | $1.93B | – | – |
By region
From the segment and revenue-disaggregation notes of Southern's 10-K and 10-Q filings (XBRL). Fourth-quarter figures are the fiscal year less the first nine months. Segment names follow the company's own labels and can change when it reorganizes.