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 | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric Utilities | $5.83B | $6.02B | $5.29B | $6.93B | $5.80B | $5.76B | $4.91B | $6.42B | $5.46B | $4.82B | $4.58B | $6.17B | 83.5% | +0.4% |
| Traditional Electric Operating Companies | $5.40B | $5.48B | $4.93B | $6.44B | $5.38B | $5.31B | $4.59B | $5.93B | $5.03B | $4.44B | $4.21B | $5.67B | 77.3% | +0.3% |
| Southern Company Gas | $966.00M | $2.19B | $1.49B | $734.00M | $979.00M | $1.84B | $1.24B | $682.00M | $831.00M | $1.71B | $1.29B | $689.00M | 13.8% | -1.3% |
| Southern Power Company | $535.00M | $681.00M | $472.00M | $613.00M | $546.00M | $567.00M | $417.00M | $600.00M | $524.00M | $473.00M | $503.00M | $653.00M | 7.7% | -2.0% |
| All Other | – | – | – | – | – | – | – | $215.00M | $222.00M | $161.00M | $219.00M | $154.00M | – | – |
By product or service
| Revenue | Q2 26 | Q1 26 | Q4 25 | Q3 25 | Q2 25 | Q1 25 | Q4 24 | Q3 24 | Q2 24 | Q1 24 | Q4 23 | Q3 23 | % of revenue | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Retail electric revenues | $4.75B | $4.64B | $4.27B | $5.71B | $4.76B | $4.60B | $4.00B | $5.37B | $4.49B | $3.94B | $3.75B | $5.14B | 68.0% | -0.3% |
| Residential | $2.01B | $2.00B | $1.78B | $2.74B | $2.02B | $2.07B | $1.73B | $2.65B | $2.05B | $1.85B | $1.59B | $2.54B | 28.8% | -0.7% |
| Commercial | $1.76B | $1.66B | $1.60B | $2.07B | $1.72B | $1.61B | $1.51B | $1.99B | $1.61B | $1.47B | $1.40B | $1.85B | 25.2% | +2.4% |
| Industrial | $1.02B | $942.00M | $918.00M | $1.20B | $1.02B | $915.00M | $873.00M | $1.18B | $962.00M | $871.00M | $843.00M | $1.12B | 14.6% | +0.6% |
| Natural Gas | $966.00M | $2.19B | $1.49B | $734.00M | $979.00M | $1.84B | $1.24B | $682.00M | $831.00M | $1.71B | $1.29B | $689.00M | 13.8% | -1.3% |
| Natural gas distribution revenues | $873.00M | $1.89B | $1.32B | $668.00M | $886.00M | $1.58B | $1.07B | $610.00M | $728.00M | $1.41B | $1.09B | $612.00M | 12.5% | -1.5% |
| Wholesale revenues | $699.00M | $965.00M | $684.00M | $832.00M | $681.00M | $744.00M | $512.00M | $721.00M | $627.00M | $571.00M | $537.00M | $727.00M | 10.0% | +2.6% |
| Wholesale electric revenues | $510.00M | $734.00M | $556.00M | $659.00M | $524.00M | $635.00M | $414.00M | $557.00M | $472.00M | $483.00M | $439.00M | $569.00M | 7.3% | -2.7% |
| Transportation | $358.00M | $440.00M | $371.00M | $316.00M | $331.00M | $406.00M | $336.00M | $294.00M | $304.00M | $361.00M | $306.00M | $275.00M | 5.1% | +8.2% |
| Other revenues | $325.00M | $336.00M | $310.00M | $288.00M | $335.00M | $349.00M | $331.00M | $283.00M | $309.00M | $228.00M | $287.00M | $222.00M | 4.7% | -3.0% |
| PPA energy revenues | $301.00M | $496.00M | $333.00M | $373.00M | $310.00M | $415.00M | $221.00M | $300.00M | $265.00M | $272.00M | $254.00M | $317.00M | 4.3% | -2.9% |
| Other electric revenues | $242.00M | $265.00M | $229.00M | $262.00M | $220.00M | $242.00M | $265.00M | $222.00M | $210.00M | $199.00M | $190.00M | $203.00M | 3.5% | +10.0% |
| PPA capacity revenues | $145.00M | $149.00M | $159.00M | $180.00M | $154.00M | $149.00M | $146.00M | $190.00M | $153.00M | $153.00M | $134.00M | $151.00M | 2.1% | -5.8% |
| Other natural gas revenues | $75.00M | $284.00M | $176.00M | $57.00M | $86.00M | $260.00M | $157.00M | $57.00M | $74.00M | $238.00M | $173.00M | $62.00M | 1.1% | -12.8% |
| Gas marketing services | $73.00M | $281.00M | $175.00M | $56.00M | $81.00M | $256.00M | $155.00M | $51.00M | $68.00M | $233.00M | $170.00M | $54.00M | 1.0% | -9.9% |
| Non-PPA revenues | $64.00M | $89.00M | $64.00M | $106.00M | $60.00M | $71.00M | $47.00M | $67.00M | $54.00M | $58.00M | $51.00M | $101.00M | 0.9% | +6.7% |
| Other | $29.00M | $31.00M | $29.00M | $32.00M | $29.00M | $31.00M | $30.00M | $33.00M | $30.00M | $30.00M | $28.00M | $30.00M | 0.4% | 0.0% |
| Alternative revenue programs | $4.00M | -$2.00M | – | -$5.00M | -$9.00M | -$19.00M | – | $1.00M | $11.00M | $34.00M | – | $0 | 0.1% | -144.4% |
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.
Operating metrics
| States of operation | Q2 26 | Q1 26 | Q3 25 | Q2 25 | Q1 25 | Q3 24 | Q2 24 | Q1 24 | Q3 23 | Q2 23 | Q1 23 | Q3 22 | YoY |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| States of operation | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 0.0% |
Counts and sizes Southern tags in the notes of its 10-K and 10-Q filings (XBRL), as of the end of each period. Breakdowns follow the company's own labels; at most 15 are shown per metric.