SOUTHERN CO

Listed Company

SOCIK 0000092122NYSELarge AcceleratedElectric ServicesDelawareFY ends Dec 31

Period

FY 2025

Revenue

$29.55B

Net Income

$4.34B

Total Assets

$155.72B

Equity

$36.02B

Shares Out

1.13B

Op. Cash Flow

$9.80B

SO$97.94+7.44% · past yearDBEQ Basic

Daily closing prices

Business

Southern Company is a holding company that owns three traditional electric utilities (Alabama Power, Georgia Power, Mississippi Power), Southern Power Company, and Southern Company Gas. The traditional electric operating companies provide vertically integrated electric generation, transmission, and distribution service to retail and wholesale customers in Alabama, Georgia, and Mississippi. Southern Power develops, owns, and operates power generation assets including renewables and battery storage, selling electricity at market-based wholesale rates. Southern Company Gas distributes natural gas through utilities serving approximately 4.4 million customers across Illinois, Georgia, Virginia, and Tennessee.

Summary from 10-K filed 2026-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total operating revenues	29,553	26,724	25,253	29,279	23,113
Other operations and maintenance	7,066	6,518	6,025	6,824	5,902
Depreciation and amortization	5,501	4,755	4,525	3,663	3,565
Taxes other than income taxes	1,538	1,540	1,425	1,411	1,290
Total operating expenses	22,268	19,656	19,427	23,909	19,415
Operating Income	7,285	7,068	5,826	5,370	3,698
Allowance for equity funds used during construction	340	235	268	224	190
Earnings from equity method investments	112	139	144	151	76
Interest expense, net of amounts capitalized	−3,238	−2,743	−2,446	−2,022	−1,837
Other income (expense), net	500	530	553	500	449
Total other income and (expense)	−2,286	−1,839	−1,481	−1,147	−1,122
Earnings Before Income Taxes	4,999	5,229	4,345	4,223	2,576
Income taxes (benefit)	828	969	496	795	267
Net Income	4,171	4,260	3,849	3,428	2,309
Net loss attributable to noncontrolling interests	−170	−141	−127	−107	−99
Net Income	4,341	4,401	3,976	—	—
Basic (in dollars per share)	3.94	4.02	3.64	3.28	2.26
Diluted (in dollars per share)	3.92	3.99	3.62	3.26	2.24
Basic (in shares)	1,103	1,096	1,092	1,075	1,061
Diluted (in shares)	1,109	1,102	1,098	1,081	1,068

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1,639	1,070	748	1,917	1,798
Customer accounts	2,251	2,228	2,030	2,128	1,806
Unbilled revenues	931	825	786	1,012	711
Regulatory assets under recovered retail fuel clause revenues	316	713	—	—	—
Other accounts and notes	655	597	519	637	—
Accumulated provision for uncollectible accounts	−84	−74	−68	−71	−78
Materials and supplies	2,202	2,178	1,989	1,664	1,543
Fossil fuel for generation	735	803	943	575	450
Natural gas for sale	396	388	420	438	362
Prepaid expenses	327	294	406	347	330
Assets from risk management activities, net of collateral	63	39	36	115	151
Regulatory assets asset retirement obligations	353	353	274	332	219
Other regulatory assets	709	804	1,120	860	653
Other current assets	424	476	533	344	231
Total current assets	10,917	10,694	10,432	10,416	8,965
In service	146,114	137,143	128,428	—	—
Less: Accumulated depreciation	43,483	40,126	37,725	—	—
Plant in service, net of depreciation	102,631	97,017	90,703	—	—
Other utility plant, net	307	410	499	—	—
Nuclear fuel, at amortized cost	897	873	858	—	—
Construction work in progress	10,534	6,389	7,784	—	—
Total property, plant, and equipment	114,369	104,689	99,844	—	—
Goodwill	5,161	5,161	5,161	5,161	5,280
Nuclear decommissioning trusts, at fair value	2,947	2,621	2,424	2,145	2,542
Equity investments in unconsolidated subsidiaries	1,318	1,416	1,368	1,443	1,282
Other intangible assets, net of amortization	300	332	368	406	445
Miscellaneous property and investments	714	668	665	602	653
Other Property and Investments	10,440	10,198	9,986	—	—
Operating lease right-of-use assets, net of amortization	1,358	1,386	1,432	1,531	1,701
Deferred charges related to income taxes	948	889	886	866	824
Prepaid pension and other postretirement benefit costs	3,257	2,674	2,079	2,290	1,657
Unamortized loss on reacquired debt	187	203	220	238	258
Deferred under recovered retail fuel clause revenues	252	485	1,261	2,056	—
Regulatory assets asset retirement obligations, deferred	5,129	5,458	5,459	5,764	5,466
Other regulatory assets, deferred	7,427	7,037	6,264	5,918	5,577
Other deferred charges and assets	1,436	1,467	1,468	1,485	1,366
Total deferred charges and other assets	19,994	19,599	19,069	20,148	17,259
Total Assets	155,720	145,180	139,331	134,891	127,534
Securities due within one year	6,220	4,718	2,476	4,285	2,157
Notes payable	722	1,338	2,314	2,609	1,440
Accounts payable	3,710	3,701	2,898	3,525	2,169
Customer deposits	475	486	503	502	479
Accrued income taxes	22	57	8	60	50
Other accrued taxes	982	997	860	764	641
Accrued interest	807	682	652	614	533
Accrued compensation	1,418	1,261	1,151	1,127	1,070
Asset retirement obligations	662	731	744	694	697
Liabilities from risk management activities, net of collateral	118	160	—	—	—
Operating lease obligations	197	200	183	197	250
Natural gas cost over recovery	158	193	214	0	—
Other regulatory liabilities	240	369	141	382	563
Other current liabilities	1,157	1,100	1,029	787	872
Total current liabilities	16,888	15,993	13,467	15,724	10,921
Long-Term Debt	65,649	58,768	57,210	50,656	50,120
Accumulated deferred income taxes	12,133	11,730	10,990	10,036	8,862
Deferred credits related to income taxes	4,712	4,434	4,674	5,235	5,401
Accumulated deferred ITCs	2,002	2,056	2,067	2,133	2,216
Employee benefit obligations	980	1,011	1,115	1,238	1,550
Operating lease obligations, deferred	1,287	1,253	1,307	1,388	1,503
Asset retirement obligations, deferred	8,939	9,203	9,573	10,146	10,990
Other cost of removal obligations	2,036	2,016	1,957	1,903	2,103
Other regulatory liabilities, deferred	722	692	715	733	485
Other deferred credits and liabilities	1,505	1,350	1,031	1,167	816
Total deferred credits and other liabilities	34,316	33,745	33,429	33,979	33,926
Total Liabilities	116,853	108,506	104,106	100,359	94,967
Common stock	5,554	5,446	5,423	5,417	5,279
Paid-in capital	15,740	14,149	13,775	13,673	11,950
Treasury, at cost	−59	−59	−59	−53	−47
Retained earnings	14,856	13,750	12,482	11,538	10,929
Accumulated other comprehensive income (loss)	−75	−78	−177	−167	−237
Total common stockholders' equity	36,016	33,208	31,444	30,408	27,874
Noncontrolling Interests	2,851	3,466	3,781	4,124	4,402
Total stockholders' equity	38,867	36,674	35,225	34,532	32,276
Total Liabilities and Stockholders' Equity	155,720	145,180	139,331	134,891	127,534
Commitments and Contingent Matters	—	—	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization, total	6,030	5,266	4,986	4,064	3,973
Deferred income taxes	618	626	416	670	−49
Pension, postretirement, and other employee benefits	−579	−556	−527	−436	−305
Settlement of asset retirement obligations	−634	−566	−617	−455	−456
Storm damage and reliability reserve accruals	236	163	124	430	288
Stock based compensation expense	136	132	137	127	144
Loss on extinguishment of debt	252	0	0	—	—
Retail fuel cost under recovery long-term	−176	−32	−206	−2,166	−536
Storm damage cost recovery long-term	−275	−631	0	0	—
Other, net	−36	−60	−206	226	−89
-Receivables	−124	−372	482	−771	−77
-Retail fuel cost under recovery	645	984	686	−100	−4
-Fossil fuel for generation	68	140	−368	−125	99
-Materials and supplies	−24	−189	−345	−160	−130
-Natural gas cost under recovery	0	0	108	158	−266
-Other current assets	47	−47	−106	−186	−270
-Accounts payable	−290	492	−863	1,021	−8
-Accrued interest	125	30	42	—	—
-Accrued taxes	−36	206	23	—	—
-Customer refunds	−75	83	−157	119	130
-Natural gas cost over recovery	−36	−21	214	0	0
-Other current liabilities	99	115	149	153	−258
Net cash provided from operating activities	9,802	9,788	7,553	6,302	6,169
Property additions	−12,737	−8,955	−9,095	−7,923	−7,586
Business acquisition	−635	0	0	—	—
Nuclear decommissioning trust fund purchases	−1,702	−1,551	−1,142	−1,125	−1,598
Nuclear decommissioning trust fund sales	1,685	1,535	1,121	1,112	1,593
Proceeds from dispositions	1	369	164	275	917
Cost of removal, net of salvage	−655	−632	−592	−649	−442
Change in construction payables, net	301	106	18	203	−124
Payments pursuant to LTSAs	−159	−108	−99	−190	−188
Other investing activities	−58	−164	−43	−133	75
Net cash used for investing activities	−13,959	−9,400	−9,668	−8,430	−7,353
Increase (decrease) in notes payable, net	−414	−648	—	−337	—
Increase (decrease) in notes payable, net	—	—	973	—	530
Long-term debt	12,470	6,159	8,972	5,132	8,262
Short-term borrowings	200	700	350	2,650	325
Common stock	1,623	143	36	1,808	73
Long-term debt	−5,464	−2,222	−4,294	−2,158	−4,327
Short-term borrowings	0	−1,020	−1,630	−1,150	−25
Distributions to noncontrolling interests	−200	−185	−234	−259	−351
Purchase of membership interests from noncontrolling interests	−286	0	0	—	—
Payment of common stock dividends	−3,015	−2,954	−3,035	−2,907	−2,777
Other financing activities	−218	−181	−139	−145	−266
Net cash provided from (used for) financing activities	4,696	−208	999	2,336	1,945
Net Change in Cash, Cash Equivalents, and Restricted Cash	539	180	−1,116	208	761
Interest, net of amounts capitalized	2,692	2,538	2,184	1,758	1,718
Income taxes, net (excludes credit transfers)	284	176	132	146	93
Accrued property additions at year-end	1,473	1,199	1,027	1,024	866
LTSA credits utilized from the sale of spare parts	6	13	23	0	0
Issuance of common stock under dividend reinvestment plan	222	179	0	0	—

Filings

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Frequently asked questions

What is SOUTHERN CO's CIK number?

SOUTHERN CO's SEC CIK number is 0000092122 (92122). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find SOUTHERN CO's SEC filings?

All of SOUTHERN CO's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did SOUTHERN CO last report earnings?

SOUTHERN CO (SO) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0000092122-26-000036). This is SOUTHERN CO's most recent earnings filing of record — not a forecast of its next earnings date.

What is SOUTHERN CO's most recent earnings 8-K?

SOUTHERN CO's latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0000092122-26-000036. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View SOUTHERN CO's latest earnings 8-K →
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