The Southern Company (SO) Revenue by Segment

Southern revenue by segment at a glance

In Q2 fiscal 2026 (the quarter ended June 30, 2026), Southern's largest business segment was Traditional Electric Operating Companies and Southern Power, with $5.83 billion or 86% of revenue, up 0.4% from a year earlier. Next: Southern Company Gas (14%).

By product or service, Retail brought in 68%, Wholesale Electric brought in 10% and Wholesale Electric Revenues brought in 7% of revenue in Q2 fiscal 2026.

The fastest-growing business segment from a year earlier was Traditional Electric Operating Companies and Southern Power (+0.4%).

From company filings, in USD; latest quarter ended June 30, 2026; quarterly data from Q3 fiscal 2017.

The Southern Company

SOUtilities

United States

Utilities

Revenue breakdown

Fiscal quarters, from company filings

Segments by quarter (USD)

Click a bar to see that period below. Striped bars are calculated fourth quarters; an empty slot means it could not be calculated on the same basis i

Traditional Electric Operating Companies and Southern PowerSouthern Company GasElectric UtilitiesTraditional Electric Operating CompaniesSouthern PowerCorporate and otherCorporate Segment and Other OperatingOther Operating

Q2 FY26 breakdown

Fiscal quarter ended Jun 30, 2026

Item	Revenue	Share	vs year before
Traditional Electric Operating Companies and Southern Power	USD 5.83B	85.8%	+0.4%
Southern Company Gas	USD 966.00M	14.2%	-1.3%
Corporate and otheri	USD 223.00M		-0.9%
Intersegment eliminationsi	-USD 38.00M		–

Sum of items USD 6.79B; corporate items and eliminations USD 185.00M. Shares are of the items shown. Click an item with › to see its parts.

Also reported by:

All periods

Every item and period in one grid. Purple = calculated; "–" = not available.

Item	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24	Q1 FY24	Q4 FY23	Q3 FY23	Q2 FY23	Q1 FY23	Q4 FY22	Q3 FY22	Q2 FY22	Q1 FY22	Q4 FY21	Q3 FY21	Q2 FY21	Q1 FY21	Q4 FY20	Q3 FY20	Q2 FY20	Q1 FY20	Q4 FY19	Q3 FY19	Q2 FY19	Q1 FY19	Q4 FY18	Q3 FY18	Q2 FY18	Q1 FY18	Q4 FY17	Q3 FY17
Traditional Electric Operating Companies and Southern Power	5.8B	6.0B	5.3B	6.9B	5.8B	5.8B	4.9B	6.4B	5.5B	4.8B	4.6B	6.2B	4.8B	4.5B	–	7.4B	6.0B	4.5B	4.2B	5.5B	4.4B	4.1B	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Southern Company Gas	966.0M	2.2B	1.5B	734.0M	979.0M	1.8B	1.2B	682.0M	831.0M	1.7B	1.3B	689.0M	852.0M	1.9B	–	857.0M	1.1B	2.1B	1.4B	623.0M	677.0M	1.7B	1.1B	477.0M	636.0M	1.2B	–	498.0M	689.0M	1.5B	–	492.0M	730.0M	1.6B	–	565.0M
Electric Utilities	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.9B	–	–	–	–	–	–	–	–	5.5B	4.6B	4.4B	–	5.5B
Traditional Electric Operating Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	4.6B	3.5B	3.4B	–	4.9B	3.9B	3.4B	–	–	–	–	–	–
Southern Power	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	523.0M	439.0M	375.0M	–	574.0M	510.0M	443.0M	–	–	–	–	–	–
Corporate and other	223.0M	218.0M	237.0M	202.0M	225.0M	229.0M	245.0M	215.0M	222.0M	161.0M	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Corporate Segment and Other Operating	–	–	–	–	–	–	–	–	–	–	–	154.0M	180.0M	166.0M	–	135.0M	159.0M	123.0M	170.0M	124.0M	154.0M	134.0M	216.0M	–	–	–	–	–	–	–	–	–	–	–	–	–
Other Operating	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	202.0M	381.0M	401.0M	–	153.0M

Southern revenue by business segment, last 4 quarters

Business segment	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Traditional Electric Operating Companies and Southern Power	$5.8B	$6.0B	$6.9B	$5.8B	86%
Southern Company Gas	$966.0M	$2.2B	$734.0M	$979.0M	14%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Southern revenue by product or service, last 4 quarters

Product or service	Q2 FY26	Q1 FY26	Q3 FY25	Q2 FY25	Share
Retail	$4.7B	$4.6B	$5.7B	$4.8B	68%
Wholesale Electric	$699.0M	$965.0M	–	$681.0M	10%
Wholesale Electric Revenues	$510.0M	–	$659.0M	$524.0M	7%
Other Revenues	$450.0M	–	$400.0M	$457.0M	6%
Other	$325.0M	$336.0M	–	$335.0M	5%
Other Electric Revenue	$242.0M	$265.0M	$262.0M	$220.0M	3%
Alternative Energy	$4.0M	–	–	–	under 1%

In USD, fiscal quarters as reported; share = part of Q2 FY26 revenue.

Questions and answers

What are Southern's business segments?

Traditional Electric Operating Companies and Southern Power and Southern Company Gas (as reported for Q2 fiscal 2026).

Which business segment makes the most money for Southern?

Traditional Electric Operating Companies and Southern Power: $5.83 billion, or 86% of revenue, in Q2 fiscal 2026.

What are Southern's main products and services?

By revenue in Q2 fiscal 2026: Retail (68%), Wholesale Electric (10%), Wholesale Electric Revenues (7%) and Other Revenues (6%).

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Disclaimer: This analysis is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Data may be incomplete, delayed, or contain inaccuracies. Consult with a qualified financial advisor before making any investment decisions.