Southern (SO) Revenue & Revenue Breakdown

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Southern Revenue Highlights

Latest Revenue (Y)

$26.72B

Latest Revenue (Q)

$7.78B

Main Segment (Y)

Southern Company Gas

Southern Revenue by Period

Southern Revenue by Year

Date	Revenue	Change
2024-12-31	$26.72B	5.83%
2023-12-31	$25.25B	-13.75%
2022-12-31	$29.28B	26.68%
2021-12-31	$23.11B	13.44%
2020-12-31	$20.38B	-4.87%
2019-12-31	$21.42B	-8.84%
2018-12-31	$23.50B	2.01%
2017-12-31	$23.03B	15.76%
2016-12-31	$19.90B	13.52%
2015-12-31	$17.53B	-5.25%
2014-12-31	$18.50B	8.26%
2013-12-31	$17.09B	3.33%
2012-12-31	$16.54B	-6.34%
2011-12-31	$17.66B	1.15%
2010-12-31	$17.46B	10.88%
2009-12-31	$15.74B	-8.08%
2008-12-31	$17.13B	11.55%
2007-12-31	$15.35B	6.94%
2006-12-31	$14.36B	5.92%
2005-12-31	$13.55B	13.88%
2004-12-31	$11.90B	5.79%
2003-12-31	$11.25B	6.65%
2002-12-31	$10.55B	3.88%
2001-12-31	$10.15B	0.88%
2000-12-31	$10.07B	-13.11%
1999-12-31	$11.59B	1.60%
1998-12-31	$11.40B	-9.58%
1997-12-31	$12.61B	21.75%
1996-12-31	$10.36B	12.83%
1995-12-31	$9.18B	10.64%
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

Date	Revenue	Change
2025-03-31	$7.78B	22.61%
2024-12-31	$6.34B	-12.83%
2024-09-30	$7.27B	12.55%
2024-06-30	$6.46B	-2.75%
2024-03-31	$6.65B	9.94%
2023-12-31	$6.04B	-13.40%
2023-09-30	$6.98B	21.43%
2023-06-30	$5.75B	-11.30%
2023-03-31	$6.48B	-8.05%
2022-12-31	$7.05B	-15.89%
2022-09-30	$8.38B	16.26%
2022-06-30	$7.21B	8.39%
2022-03-31	$6.65B	15.28%
2021-12-31	$5.77B	-7.55%
2021-09-30	$6.24B	20.01%
2021-06-30	$5.20B	-12.05%
2021-03-31	$5.91B	15.50%
2020-12-31	$5.12B	-8.95%
2020-09-30	$5.62B	21.65%
2020-06-30	$4.62B	-7.93%
2020-03-31	$5.02B	2.12%
2019-12-31	$4.91B	-18.03%
2019-09-30	$6.00B	17.60%
2019-06-30	$5.10B	-5.80%
2019-03-31	$5.41B	1.41%
2018-12-31	$5.34B	-13.35%
2018-09-30	$6.16B	9.45%
2018-06-30	$5.63B	-11.69%
2018-03-31	$6.37B	13.20%
2017-12-31	$5.63B	-9.22%
2017-09-30	$6.20B	14.20%
2017-06-30	$5.43B	-5.91%
2017-03-31	$5.77B	11.39%
2016-12-31	$5.18B	-17.29%
2016-09-30	$6.26B	40.67%
2016-06-30	$4.45B	12.31%
2016-03-31	$3.96B	11.13%
2015-12-31	$3.57B	-33.94%
2015-09-30	$5.40B	24.53%
2015-06-30	$4.34B	3.68%
2015-03-31	$4.18B	4.13%
2014-12-31	$4.02B	-24.76%
2014-09-30	$5.34B	19.52%
2014-06-30	$4.47B	-3.81%
2014-03-31	$4.64B	18.26%
2013-12-31	$3.93B	-21.73%
2013-09-30	$5.02B	18.16%
2013-06-30	$4.25B	8.96%
2013-03-31	$3.90B	5.24%
2012-12-31	$3.70B	-26.66%
2012-09-30	$5.05B	20.76%
2012-06-30	$4.18B	16.01%
2012-03-31	$3.60B	-2.49%
2011-12-31	$3.70B	-31.91%
2011-09-30	$5.43B	20.06%
2011-06-30	$4.52B	12.69%
2011-03-31	$4.01B	6.38%
2010-12-31	$3.77B	-29.11%
2010-09-30	$5.32B	26.43%
2010-06-30	$4.21B	1.22%
2010-03-31	$4.16B	18.44%
2009-12-31	$3.51B	-25.02%
2009-09-30	$4.68B	20.50%
2009-06-30	$3.89B	5.97%
2009-03-31	$3.67B	-3.58%
2008-12-31	$3.80B	-29.93%
2008-09-30	$5.43B	28.74%
2008-06-30	$4.22B	14.45%
2008-03-31	$3.68B	10.25%
2007-12-31	$3.34B	-

Southern generated $7.78B in revenue during Q1 2025, up 22.61% compared to the previous quarter, and up 128.62% compared to the same period a year ago.

Southern Revenue Breakdown

Southern Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 24	Dec 22	Dec 21	Dec 20	Dec 19
Gas Marketing Services	$516.00M	$638.00M	-	-	-
Gas Distribution Operations	$3.90B	$5.27B	-	-	-
Southern Company Gas	$4.46B	$5.96B	-	-	-
Gas Pipeline Investments	$32.00M	$32.00M	-	-	-
Retail Electric - Other	-	$102.00M	$93.00M	-	-
Retail Electric - Industrial	-	$3.76B	$3.07B	-	-
Retail Electric - Commercial	-	$5.37B	$4.88B	-	-
Other Revenues	-	$1.08B	$1.07B	-	-
Other Natural Gas	-	$687.00M	$2.67B	$2.15B	$2.61B
Other Natural Gas - Other Natural Gas Revenues	-	$51.00M	$36.00M	$33.00M	$42.00M
Other Natural Gas - Gas Marketing Services	-	$636.00M	$464.00M	$391.00M	$440.00M
Natural Gas Distribution - Transportation	-	$1.19B	$1.04B	$971.00M	$907.00M
Natural Gas Distribution - Residential	-	$2.84B	$1.80B	$1.34B	$1.41B
Natural Gas Distribution - Other	-	$342.00M	$269.00M	$209.00M	$245.00M
Natural Gas Distribution - Industrial	-	$84.00M	$49.00M	$30.00M	$35.00M
Natural Gas Distribution - Commercial	-	$763.00M	$470.00M	$340.00M	$389.00M
Other Electric Revenue	-	$747.00M	-	-	-
Natural Gas	-	$5.96B	-	-	-
Wholesale, Non-Affiliates	-	$2.46B	$2.46B	-	-
Retail	-	$18.20B	$14.85B	$877.00M	-
Product and Service, Other	-	$732.00M	$708.00M	-	-
Natural Gas Distribution	-	$5.22B	$3.63B	$2.89B	$2.99B
Other Revenue Sources	-	$3.34B	$3.35B	-	-
Southern Power	-	$3.37B	-	-	-
Electric Utilities	-	$22.87B	-	-	-
Corporate and Other	-	$55.00M	-	-	-
Wholesale, Affiliates	-	$460.00M	$188.00M	$364.00M	$398.00M
Wholesale Electric Revenues	-	$3.12B	$1.85B	-	-
Wholesale Electric - PPA Capacity Revenues	-	$596.00M	$493.00M	-	-
Wholesale Electric - PPA Energy Revenues	-	$2.27B	$1.12B	-	-
Wholesale Electric - Non-PPA Revenues	-	$250.00M	$236.00M	-	-
Retail Electric	-	$15.84B	$14.24B	-	-
Retail Electric - Residential	-	$6.60B	$6.21B	-	-
Other Natural Gas - Wholesale Gas Services	-	-	$2.17B	$1.73B	$2.10B
Natural Gas, US Regulated	-	-	$4.38B	-	-
Alternative Energy	-	-	$11.00M	$3.00M	$-1.00M
Other Adjustments	-	-	$-3.70B	$-4.49B	$-5.44B
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/Service	Dec 24	Sep 24	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Sep 19	Jun 19	Mar 19	Dec 18
Southern Company Gas	$2.75B	$852.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	-
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	-
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	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	$21.00M	-	-	-	-	-	-	-	-	-	-	-	-
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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Electric Utilities	-	$557.00M	$4.76B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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, US Regulated	-	-	$852.00M	$1.88B	$858.00M	$1.08B	$2.06B	$1.39B	$498.00M	$1.05B	-	-	-	-	-	-	-	-	-	-
Wholesale Electric	-	-	$47.00M	$31.00M	$843.00M	$56.00M	$64.00M	$66.00M	-	-	-	-	-	-	-	-	-	-	-	-
Southern Power	-	-	$525.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	$9.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gas Distribution Operations	-	-	$764.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gas Marketing Services	-	-	$75.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gas Pipeline Investments	-	-	$8.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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	$229.00M	-
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	$109.00M
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	$593.00M	-
Wholesale Electric Revenues	-	-	-	-	$756.00M	$513.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Natural Gas	-	-	-	-	$1.96B	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Electric Revenue	-	-	-	-	$193.00M	$155.00M	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product and Service, Other	-	-	-	-	$213.00M	$195.00M	$232.00M	-	-	-	-	-	-	-	-	-	-	-	-	-
Alternative Energy	-	-	-	-	-	$-1.00M	$2.00M	-	$8.00M	$-1.00M	$2.00M	$2.00M	$-3.00M	$-1.00M	$-2.00M	$9.00M	-	$1.00M	$3.00M	-
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	-	-	-	-
Alternative Revenue Programs	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$1.00M	$-2.00M	-
Non-PPA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$101.00M	$91.00M	$85.00M	-
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	$66.00M
Wholesale Energy	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$82.00M

Southern's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Southern Company Gas (100.00%).

Southern Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
DUK	Duke Energy	$30.36B	$7.36B
SO	Southern	$26.72B	$7.78B
EXC	Exelon	$23.03B	-
AEP	American Electric Power	$19.72B	$4.70B
EIX	Edison	$17.60B	$3.81B
NEE	NextEra Energy	$17.02B	$6.25B
ED	Consolidated Edison	$15.26B	$4.80B
D	Dominion Energy	$14.46B	$4.08B

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 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). The company'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). SO's quarterly revenue for Q3 2024 was $7.27B, a 12.55% increase from the previous quarter (Q2 2024), and a 4.21% increase year-over-year (Q3 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 Gas Marketing Services, Gas Distribution Operations, Southern Company Gas, and Gas Pipeline Investments. 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. 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

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.