Southern CompanySOEarnings & Financial Report
Southern Company is an American gas and electric utility holding company based in the Southern United States. It is headquartered in Atlanta, Georgia, with executive offices located in Birmingham, Alabama. As of 2021 it is the second largest utility company in the U.S. in terms of customer base. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Southern Company's regulated regional electric utilities serve a 120,000-square-mile (310,000 km2) territor...
Revenue
$7.8B
Gross Profit
N/A
Operating Profit
$2.6B
Net Profit
$1.7B
Gross Margin
N/A
Operating Margin
33.2%
Net Margin
21.9%
YoY Growth
7.5%
EPS
$1.54
Financial Flow
Southern Company Q3 2025 Financial Summary
Southern Company reported revenue of $7.8B (up 7.5% YoY) for Q3 2025, with a net profit of $1.7B (up 11.5% YoY) (21.9% margin). Cost of goods sold was N/A.
Key Financial Metrics
| Total Revenue | $7.8B |
|---|---|
| Net Profit | $1.7B |
| Gross Margin | N/A |
| Operating Margin | 33.2% |
| Report Period | Q3 2025 |
Revenue Breakdown
Southern Company Q3 2025 revenue of $7.8B breaks down across 10 segments, led by Other at $2.8B (35.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Other | $2.8B | 35.3% |
| Retail Electric Commercial | $2.1B | 26.5% |
| Retail Electric Industrial | $1.2B | 15.3% |
| Wholesale Electric | $832.0M | 10.6% |
| Other Electric Revenue | $262.0M | 3.3% |
| Natural Gas Distribution Residential | $236.0M | 3.0% |
| Wholesale Non Affiliates | $137.0M | 1.8% |
| Wholesale Affiliates | $28.0M | 0.4% |
| Alternative Energy | $5.0M | 0.1% |
| Natural Gas Distribution Industrial | $4.0M | 0.1% |
Southern Company Revenue by Segment — Quarterly Trend
Southern Company revenue by segment across the last 4 reported quarters, showing how each business line (such as Other and Retail Electric Commercial) has evolved quarter over quarter.
| Segment | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|
| Other | $3.9B | $2.8B | $2.4B | — |
| Retail Electric Commercial | $1.6B | $2.1B | — | $1.6B |
| Retail Electric Industrial | — | $1.2B | — | $915.0M |
| Wholesale Electric | — | $832.0M | — | $744.0M |
| Other Electric Revenue | — | $262.0M | $220.0M | $242.0M |
Southern Company Annual Revenue by Year
Southern Company annual revenue history includes year-by-year totals (for example, 2025 revenue was $29.6B).
| Year | Annual Revenue |
|---|---|
| 2025 | $29.6B |
| 2024 | $26.7B |
| 2023 | $25.3B |
| 2022 | $29.3B |
Southern Company Quarterly Revenue & Net Profit History
Southern Company results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q4 2025 | $7.0B | +10.1% | $341.0M | 4.9% |
| Q3 2025 | $7.8B | +7.5% | $1.7B | 21.9% |
| Q2 2025 | $7.0B | +7.9% | $880.0M | 12.6% |
| Q1 2025 | $7.8B | +17.0% | $1.3B | 16.3% |
| Q4 2024 | $6.3B | +4.9% | $466.0M | 7.3% |
| Q3 2024 | $7.3B | +4.2% | $1.5B | 21.1% |
| Q2 2024 | $6.5B | +12.4% | $1.2B | 18.6% |
| Q1 2024 | $6.6B | +2.6% | $1.1B | 16.1% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $6.65B | $6.46B | $7.27B | $6.34B | $7.78B | $6.97B | $7.82B | $6.98B |
| YoY Growth | 2.6% | 12.4% | 4.2% | 4.9% | 17.0% | 7.9% | 7.5% | 10.1% |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $140.12B | $141.94B | $143.96B | $145.18B | $148.11B | $148.85B | $153.25B | $155.72B |
| Liabilities | $104.51B | $105.83B | $107.05B | $108.51B | $110.89B | $111.51B | $114.97B | $116.85B |
| Equity | $35.61B | $36.11B | $36.91B | $33.21B | $37.22B | $37.34B | $38.27B | $36.02B |
Cash Flow
| Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.31B | $2.69B | $3.62B | $2.17B | $1.25B | $2.18B | $3.77B | $2.60B |