Business Segments Southern Company

Stocks

SO

US8425871071

Electric Utilities

Real-time Estimate Cboe BZX Other stock markets 18:11:31 11/06/2026 BST			5-day change	1st Jan Change
94.20 ^USD	+0.19%		+2.76%	+7.97%

06-09	Utilities Up on Rotation Out of Tech - Utilities Roundup	DJ
06-05	Southern Files Mixed Shelf Offering	MT

Sales 2025 by Business Segment

Sales 2025 by Geography

Historical Breakdown of Revenue by Business Segments

Net Income: Breakdown by Business Segment

Breakdown by Business Segment (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
Electric Power Generation By Fossil Fuels
Electric Utilities - Traditional Electric Operating Companies	16.61B	20.41B	18.36B	19.98B	22.06B
Total Assets	89.05B	95.86B	100B	106B	114B
Interest Expense	-821M	-929M	-1.14B	-1.26B	-1.34B
Income Tax Expense	232M	828M	571M	1.02B	1.1B
CAPEX	-	-	-	-	-
D&A	2.44B	2.51B	3.36B	3.51B	3.88B
Net Income	1.98B	3.32B	3.64B	4.14B	4.58B
Eliminations	-711M	-1.08B	-733M	-580M	-648M
Total Assets	-13.97B	-10.89B	-12.04B	-12.8B	-13.31B
Interest Expense	-	2M	17M	-	-
CAPEX	-	-	-	-	-
Net Income	-9M	-9M	2M	-27M	-7M
Oil and Gas Distribution
Southern Company Gas - Gas Distribution Operations	3.68B	5.27B	4.1B	3.9B	4.43B
Total Assets	20.92B	22.04B	22.91B	24.07B	25.39B
Interest Expense	-207M	-229M	-275M	-311M	-342M
Income Tax Expense	120M	145M	126M	172M	109M
D&A	482M	516M	561M	630M	687M
Net Income	412M	470M	441M	550M	569M
Southern Company Gas - Wholesale Gas Services	188M	-	-	-	-
Total Assets	31M	-	-	-	-
Interest Expense	-2M	-	-	-	-
Income Tax Expense	32M	-	-	-	-
D&A	-	-	-	-	-
Net Income	107M	-	-	-	-
Southern Company Gas	-	-	-	-	-
Interest Expense	-	-	-	-	-
Income Tax Expense	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
D&A	-	-	-	-	-
Net Income	-	-	-	-	-
Alternative Energy Resources
Electric Utilities - Southern Power	2.22B	3.37B	2.19B	2.01B	2.2B
Total Assets	13.39B	13.08B	12.76B	12.65B	12.66B
Interest Expense	-147M	-138M	-129M	-117M	-104M
Income Tax Expense	-13M	20M	12M	-13M	-61M
CAPEX	-	-	-	-	-
D&A	517M	516M	504M	522M	843M
Net Income	266M	354M	357M	328M	125M
Electric Power Distribution
All Other	582M	593M	718M	843M	893M
Total Assets	2.98B	2.66B	2.45B	2.37B	2.83B
Interest Expense	-631M	-694M	-879M	-1.03B	-1.42B
Income Tax Expense	-227M	-233M	-298M	-292M	-393M
CAPEX	-	-	-	-	-
D&A	76M	75M	78M	71M	68M
Net Income	-384M	-711M	-635M	-785M	-1.09B
Oil and Gas Refining and Marketing
Southern Company Gas - Gas Marketing Services	475M	638M	548M	516M	582M
Total Assets	1.56B	1.62B	1.62B	1.7B	1.75B
Interest Expense	-3M	-3M	-3M	-3M	-3M
Income Tax Expense	34M	37M	37M	41M	34M
D&A	18M	16M	15M	14M	14M
Net Income	88M	94M	91M	102M	87M
Natural Gas Pipelines
Southern Company Gas - Gas Pipeline Investments	32M	32M	32M	32M	32M
Total Assets	1.47B	1.58B	1.53B	1.57B	1.48B
Interest Expense	-25M	-27M	-32M	-35M	-36M
Income Tax Expense	27M	35M	32M	31M	28M
D&A	5M	5M	5M	5M	5M
Net Income	19M	107M	98M	101M	85M
Southern Company Gas - ALL Other	38M	55M	36M	23M	12M
Total Assets	12.11B	8.94B	9.68B	10.05B	10.64B
Interest Expense	-1M	-4M	-	8M	4M
Income Tax Expense	62M	-37M	16M	14M	11M
D&A	31M	22M	1M	1M	2M
Net Income	-87M	-99M	-15M	-13M	-9M

Geographical Revenue Distribution History

Geographical breakdown of sales (USD)

Fiscal Period: December	2021	2022	2023	2024	2025
United States	23.11B	29.28B	25.25B	26.72B	29.55B
Total Assets	128B	135B	139B	145B	156B
Interest Expense	-1.84B	-2.02B	-2.45B	-2.74B	-3.24B
Income Tax Expense	267M	795M	496M	969M	828M
D&A	3.97B	4.06B	4.99B	5.27B	6.03B
CAPEX	-7.43B	-7.92B	-9.1B	-8.96B	-12.74B
Net Income	2.39B	3.52B	3.98B	4.4B	4.34B
EBT	2.58B	4.22B	4.34B	5.23B	5B
Operating Income	3.7B	5.37B	5.83B	7.07B	7.28B