Southern (SO) Revenue & Revenue Breakdown


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Southern Revenue Highlights


Latest Revenue (Y)

$26.72B

Latest Revenue (Q)

$6.97B

Main Segment (Y)

Southern Company Gas

Southern Revenue by Period


Southern Revenue by Year

DateRevenueChange
2024-12-31$26.72B5.83%
2023-12-31$25.25B-13.75%
2022-12-31$29.28B26.68%
2021-12-31$23.11B13.44%
2020-12-31$20.38B-4.87%
2019-12-31$21.42B-8.84%
2018-12-31$23.50B2.01%
2017-12-31$23.03B15.76%
2016-12-31$19.90B13.52%
2015-12-31$17.53B-5.25%
2014-12-31$18.50B8.26%
2013-12-31$17.09B3.33%
2012-12-31$16.54B-6.34%
2011-12-31$17.66B1.15%
2010-12-31$17.46B10.88%
2009-12-31$15.74B-8.08%
2008-12-31$17.13B11.55%
2007-12-31$15.35B6.94%
2006-12-31$14.36B5.92%
2005-12-31$13.55B13.88%
2004-12-31$11.90B5.79%
2003-12-31$11.25B6.65%
2002-12-31$10.55B3.88%
2001-12-31$10.15B0.88%
2000-12-31$10.07B-13.11%
1999-12-31$11.59B1.60%
1998-12-31$11.40B-9.58%
1997-12-31$12.61B21.75%
1996-12-31$10.36B12.83%
1995-12-31$9.18B10.64%
1994-12-31$8.30B-2.26%
1993-12-31$8.49B-

Southern generated $26.72B in revenue during NA 2024, up 5.83% compared to the previous quarter, and up 124.77% compared to the same period a year ago.

Southern Revenue by Quarter

DateRevenueChange
2025-06-30$6.97B-10.32%
2025-03-31$7.78B22.61%
2024-12-31$6.34B-12.83%
2024-09-30$7.27B12.55%
2024-06-30$6.46B-2.75%
2024-03-31$6.65B9.94%
2023-12-31$6.04B-13.40%
2023-09-30$6.98B21.43%
2023-06-30$5.75B-11.30%
2023-03-31$6.48B-8.05%
2022-12-31$7.05B-15.89%
2022-09-30$8.38B16.26%
2022-06-30$7.21B8.39%
2022-03-31$6.65B15.28%
2021-12-31$5.77B-7.55%
2021-09-30$6.24B20.01%
2021-06-30$5.20B-12.05%
2021-03-31$5.91B15.50%
2020-12-31$5.12B-8.95%
2020-09-30$5.62B21.65%
2020-06-30$4.62B-7.93%
2020-03-31$5.02B2.12%
2019-12-31$4.91B-18.03%
2019-09-30$6.00B17.60%
2019-06-30$5.10B-5.80%
2019-03-31$5.41B1.41%
2018-12-31$5.34B-13.35%
2018-09-30$6.16B9.45%
2018-06-30$5.63B-11.69%
2018-03-31$6.37B13.20%
2017-12-31$5.63B-9.22%
2017-09-30$6.20B14.20%
2017-06-30$5.43B-5.91%
2017-03-31$5.77B11.39%
2016-12-31$5.18B-17.29%
2016-09-30$6.26B40.67%
2016-06-30$4.45B12.31%
2016-03-31$3.96B11.13%
2015-12-31$3.57B-33.94%
2015-09-30$5.40B24.53%
2015-06-30$4.34B3.68%
2015-03-31$4.18B4.13%
2014-12-31$4.02B-24.76%
2014-09-30$5.34B19.52%
2014-06-30$4.47B-3.81%
2014-03-31$4.64B18.26%
2013-12-31$3.93B-21.73%
2013-09-30$5.02B18.16%
2013-06-30$4.25B8.96%
2013-03-31$3.90B5.24%
2012-12-31$3.70B-26.66%
2012-09-30$5.05B20.76%
2012-06-30$4.18B16.01%
2012-03-31$3.60B-2.49%
2011-12-31$3.70B-31.91%
2011-09-30$5.43B20.06%
2011-06-30$4.52B12.69%
2011-03-31$4.01B6.38%
2010-12-31$3.77B-29.11%
2010-09-30$5.32B26.43%
2010-06-30$4.21B1.22%
2010-03-31$4.16B18.44%
2009-12-31$3.51B-25.02%
2009-09-30$4.68B20.50%
2009-06-30$3.89B5.97%
2009-03-31$3.67B-3.58%
2008-12-31$3.80B-29.93%
2008-09-30$5.43B28.74%
2008-06-30$4.22B14.45%
2008-03-31$3.68B10.25%
2007-12-31$3.34B-

Southern generated $6.97B in revenue during Q2 2025, up -10.32% compared to the previous quarter, and up 104.92% compared to the same period a year ago.

Southern Revenue Breakdown


Southern Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 22Dec 21Dec 20Dec 19
Southern Company Gas$4.46B$5.96B---
Gas Pipeline Investments$32.00M$32.00M---
Gas Marketing Services$516.00M$638.00M---
Gas Distribution Operations$3.90B$5.27B---
Wholesale Electric - PPA Capacity Revenues-$596.00M$493.00M--
Wholesale Electric - PPA Energy Revenues-$2.27B$1.12B--
Wholesale Electric Revenues-$3.12B$1.85B--
Wholesale, Affiliates-$460.00M$188.00M$364.00M$398.00M
Corporate and Other-$55.00M---
Southern Power-$3.37B---
Electric Utilities-$22.87B---
Retail Electric - Other-$102.00M$93.00M--
Retail Electric - Residential-$6.60B$6.21B--
Retail Electric-$15.84B$14.24B--
Wholesale Electric - Non-PPA Revenues-$250.00M$236.00M--
Other Revenue Sources-$3.34B$3.35B--
Natural Gas Distribution-$5.22B$3.63B$2.89B$2.99B
Product and Service, Other-$732.00M$708.00M--
Retail-$18.20B$14.85B$877.00M-
Wholesale, Non-Affiliates-$2.46B$2.46B--
Natural Gas-$5.96B---
Other Electric Revenue-$747.00M---
Natural Gas Distribution - Commercial-$763.00M$470.00M$340.00M$389.00M
Natural Gas Distribution - Industrial-$84.00M$49.00M$30.00M$35.00M
Natural Gas Distribution - Other-$342.00M$269.00M$209.00M$245.00M
Natural Gas Distribution - Residential-$2.84B$1.80B$1.34B$1.41B
Natural Gas Distribution - Transportation-$1.19B$1.04B$971.00M$907.00M
Other Natural Gas - Gas Marketing Services-$636.00M$464.00M$391.00M$440.00M
Other Natural Gas - Other Natural Gas Revenues-$51.00M$36.00M$33.00M$42.00M
Other Natural Gas-$687.00M$2.67B$2.15B$2.61B
Other Revenues-$1.08B$1.07B--
Retail Electric - Commercial-$5.37B$4.88B--
Retail Electric - Industrial-$3.76B$3.07B--
Other Adjustments--$-3.70B$-4.49B$-5.44B
Natural Gas, US Regulated--$4.38B--
Alternative Energy--$11.00M$3.00M$-1.00M
Other Natural Gas - Wholesale Gas Services--$2.17B$1.73B$2.10B
Other Natural Gas - Gas Pipeline Investments----$32.00M

Southern's latest annual revenue breakdown by segment (product or service), as of Dec 24: Southern Company Gas (50.05%), Gas Distribution Operations (43.79%), Gas Marketing Services (5.80%), and Gas Pipeline Investments (0.36%).

Quarterly Revenue by Product

Product/ServiceJun 25Dec 24Sep 24Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Sep 19Jun 19Mar 19
Electric Utilities$5.80B$557.00M$4.76B-----------------
Southern Power$546.00M$525.00M------------------
Southern Company Gas$979.00M$2.75B$852.00M-----------------
Other Natural Gas - Other Natural Gas Revenues--$6.00M$8.00M$11.00M$10.00M$15.00M$10.00M$16.00M$9.00M$11.00M$10.00M$7.00M$11.00M$7.00M$8.00M$7.00M---
Other Natural Gas--$57.00M$81.00M$242.00M$229.00M$99.00M$100.00M$259.00M$170.00M$56.00M$651.00M$1.79B$703.00M$476.00M$406.00M$566.00M---
Other Revenues--$9.00M$267.00M$283.00M---------------
Natural Gas Distribution - Commercial--$55.00M$82.00M$232.00M$270.00M$93.00M$130.00M$270.00M$172.00M$55.00M$73.00M$170.00M$111.00M$41.00M$58.00M$130.00M$42.00M$65.00M$170.00M
Other Revenue Sources--$177.00M$705.00M$370.00M---------------
Natural Gas Distribution - Other--$45.00M$51.00M$117.00M$98.00M$49.00M$67.00M$129.00M$82.00M$31.00M$59.00M$97.00M$30.00M$35.00M$49.00M$97.00M$34.00M$50.00M$119.00M
Natural Gas Distribution - Residential--$212.00M$330.00M$896.00M$1.02B$331.00M$474.00M$1.02B$656.00M$218.00M$311.00M$614.00M$432.00M$170.00M$239.00M$496.00M$162.00M$229.00M$601.00M
Natural Gas Distribution - Industrial--$4.00M$6.00M$23.00M$24.00M$12.00M$16.00M$32.00M$20.00M$6.00M$8.00M$16.00M$9.00M$4.00M$5.00M$12.00M$3.00M$5.00M$17.00M
Retail Electric - Commercial---$1.17B$1.15B---------------
Retail Electric - Industrial---$850.00M$768.00M---------------
Retail Electric - Other---$23.00M$23.00M---------------
Retail Electric - Residential---$1.32B$1.30B---------------
Retail Electric---$3.36B$3.24B$251.00M$215.00M$203.00M------------
Wholesale Electric - Non-PPA Revenues--$67.00M$68.00M$55.00M---------------
Wholesale Electric - PPA Capacity Revenues--$125.00M$153.00M$118.00M---------------
Wholesale Electric - PPA Energy Revenues--$222.00M$535.00M$340.00M---------------
Natural Gas Distribution - Transportation--$294.00M$284.00M$319.00M$314.00M$259.00M$276.00M$337.00M$263.00M$239.00M$247.00M$288.00M$248.00M$224.00M$234.00M$264.00M$204.00M$213.00M$256.00M
Other Natural Gas - Gas Marketing Services--$51.00M$73.00M$231.00M$219.00M$84.00M$90.00M$243.00M$161.00M$45.00M$63.00M$194.00M$133.00M$38.00M$57.00M$163.00M---
Natural Gas Distribution--$610.00M$753.00M$1.59B$1.73B$744.00M$963.00M$1.78B$1.19B$549.00M$698.00M$1.19B$830.00M$474.00M$585.00M$999.00M$445.00M$563.00M$1.16B
Corporate and Other---$9.00M----------------
Gas Distribution Operations---$764.00M----------------
Gas Marketing Services---$75.00M----------------
Gas Pipeline Investments---$8.00M----------------
Natural Gas, US Regulated---$852.00M$1.88B$858.00M$1.08B$2.06B$1.39B$498.00M----------
Wholesale Electric---$47.00M$31.00M$843.00M$56.00M$64.00M$66.00M-----------
Retail---$227.00M$236.00M$3.83B$250.00M$252.00M$217.00M$3.36B$248.00M$219.00M$204.00M$232.00M$199.00M$199.00M$251.00M$215.00M$203.00M-
Wholesale, Affiliates---$18.00M$75.00M$124.00M$187.00M$107.00M$42.00M$68.00M$62.00M$25.00M$33.00M$85.00M$36.00M$25.00M$86.00M$116.00M$117.00M$87.00M
Wholesale, Non-Affiliates---$393.00M$362.00M$540.00M$835.00M$658.00M$426.00M$633.00M$503.00M$373.00M$355.00M$418.00M$343.00M$286.00M$455.00M$390.00M$352.00M-
Wholesale Electric Revenues-----$756.00M$513.00M-------------
Product and Service, Other-----$213.00M$195.00M-------------
Natural Gas-----$1.96B--------------
Other Electric Revenue-----$193.00M--------------
Alternative Energy------$-1.00M$2.00M-$8.00M$-1.00M$2.00M$2.00M$-3.00M$-1.00M$-2.00M$9.00M-$1.00M-
Other Adjustments-----------$-1.40B$-2.30B$-1.37B$-1.10B$-873.00M$-1.14B---
Other Natural Gas - Wholesale Gas Services-----------$578.00M$1.59B$559.00M$431.00M$341.00M$396.00M---
Non-PPA-----------------$101.00M$91.00M$85.00M
Alternative Revenue Programs------------------$1.00M$-2.00M
Wholesale Gas Services-----------------$-4.00M$48.00M$66.00M
PPA Capacity-----------------$131.00M$125.00M$127.00M
PPA Energy-----------------$339.00M$291.00M$227.00M

Southern's latest quarterly revenue breakdown by segment (product or service), as of Jun 25: Electric Utilities (79.19%), Southern Company Gas (13.36%), and Southern Power (7.45%).

Southern Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
DUKDuke Energy$30.36B$7.51B
SOSouthern$26.72B$6.97B
EXCExelon$23.03B$-6.71B
AEPAmerican Electric Power$19.72B$5.09B
EIXEdison$17.60B$4.54B
NEENextEra Energy$17.02B$6.70B
EDConsolidated Edison$15.26B$4.80B
DDominion Energy$14.46B$3.81B

SO Revenue FAQ


What is Southern’s yearly revenue?

Southern's yearly revenue for 2024 was $26.72B, representing an increase of 5.83% compared to 2023. The company's yearly revenue for 2023 was $25.25B, representing a decrease of -13.75% compared to 2022. SO's yearly revenue for 2022 was $29.28B, representing an increase of 26.68% compared to 2021.

What is Southern’s quarterly revenue?

Southern's quarterly revenue for Q2 2025 was $6.97B, a -10.32% decrease from the previous quarter (Q1 2025), and a 7.89% increase year-over-year (Q2 2024). The company's quarterly revenue for Q1 2025 was $7.78B, a 22.61% increase from the previous quarter (Q4 2024), and a 16.99% increase year-over-year (Q1 2024). SO's quarterly revenue for Q4 2024 was $6.34B, a -12.83% decrease from the previous quarter (Q3 2024), and a 4.90% increase year-over-year (Q4 2023).

What is Southern’s revenue growth rate?

Southern's revenue growth rate for the last 3 years (2022-2024) was -8.73%, and for the last 5 years (2020-2024) was 31.16%.

What are Southern’s revenue streams?

Southern's revenue streams in c 24 are Southern Company Gas, Gas Pipeline Investments, Gas Marketing Services, and Gas Distribution Operations. Southern Company Gas generated $4.46B in revenue, accounting 50.05% of the company's total revenue, down -25.26% year-over-year. Gas Pipeline Investments generated $32M in revenue, accounting 0.36% of the company's total revenue Gas Marketing Services generated $516M in revenue, accounting 5.80% of the company's total revenue, down -19.12% year-over-year. Gas Distribution Operations generated $3.9B in revenue, accounting 43.79% of the company's total revenue, down -25.97% year-over-year.

What is Southern’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Southern was Southern Company Gas. This segment made a revenue of $4.46B, representing 50.05% of the company's total revenue.