Southern Company (SO) Revenue & Revenue Breakdown

Southern Company's yearly revenue for 2023 was $25.25B, representing a decrease of -13.75% compared to 2022. The company's yearly revenue for 2022 was $29.28B, representing an increase of 26.68% compared to 2021. SO's yearly revenue for 2021 was $23.11B, representing an increase of 13.44% compared to 2020.

Southern Company'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). The company's quarterly revenue for Q2 2024 was $6.46B, a -2.75% decrease from the previous quarter (Q1 2024), and a 12.44% increase year-over-year (Q2 2023). SO's quarterly revenue for Q1 2024 was $6.65B, a 9.94% increase from the previous quarter (Q4 2023), and a 2.56% increase year-over-year (Q1 2023).

Southern Company's revenue growth rate for the last 3 years (2021-2023) was 9.26%, and for the last 5 years (2019-2023) was 17.90%.

Southern Company's revenue streams in c 22 are Retail Electric - Other, Retail Electric - Industrial, Retail Electric - Commercial, Southern Company Gas, Southern Power, Electric Utilities, Other Revenues, Other Natural Gas, Other Natural Gas - Other Natural Gas Revenues, Other Natural Gas - Gas Marketing Services, Natural Gas Distribution - Transportation, Natural Gas Distribution - Residential, Natural Gas Distribution - Other, Natural Gas Distribution - Industrial, Natural Gas Distribution - Commercial, Other Electric Revenue, Natural Gas, Wholesale, Non-Affiliates, Retail, Product and Service, Other, Natural Gas Distribution, Other Revenue Sources, Wholesale Electric - PPA Energy Revenues, Corporate and Other, Wholesale Electric - PPA Capacity Revenues, Wholesale, Affiliates, Wholesale Electric Revenues, Gas Distribution Operations, Gas Marketing Services, Gas Pipeline Investments, Wholesale Electric - Non-PPA Revenues, Retail Electric, and Retail Electric - Residential. Retail Electric - Other generated $102M in revenue, accounting 0.08% of the company's total revenue, up 9.68% year-over-year. Retail Electric - Industrial generated $3.76B in revenue, accounting 3.11% of the company's total revenue, up 22.73% year-over-year. Retail Electric - Commercial generated $5.37B in revenue, accounting 4.44% of the company's total revenue, up 10.09% year-over-year. Southern Company Gas generated $5.96B in revenue, accounting 4.93% of the company's total revenue Southern Power generated $3.37B in revenue, accounting 2.79% of the company's total revenue Electric Utilities generated $22.87B in revenue, accounting 18.92% of the company's total revenue Other Revenues generated $1.08B in revenue, accounting 0.89% of the company's total revenue, up 0.19% year-over-year. Other Natural Gas generated $687M in revenue, accounting 0.57% of the company's total revenue, down -74.25% year-over-year. Other Natural Gas - Other Natural Gas Revenues generated $51M in revenue, accounting 0.04% of the company's total revenue, up 41.67% year-over-year. Other Natural Gas - Gas Marketing Services generated $636M in revenue, accounting 0.53% of the company's total revenue, up 37.07% year-over-year. Natural Gas Distribution - Transportation generated $1.19B in revenue, accounting 0.98% of the company's total revenue, up 14.26% year-over-year. Natural Gas Distribution - Residential generated $2.84B in revenue, accounting 2.35% of the company's total revenue, up 58.03% year-over-year. Natural Gas Distribution - Other generated $342M in revenue, accounting 0.28% of the company's total revenue, up 27.14% year-over-year. Natural Gas Distribution - Industrial generated $84M in revenue, accounting 0.07% of the company's total revenue, up 71.43% year-over-year. Natural Gas Distribution - Commercial generated $763M in revenue, accounting 0.63% of the company's total revenue, up 62.34% year-over-year. Other Electric Revenue generated $747M in revenue, accounting 0.62% of the company's total revenue Natural Gas generated $5.96B in revenue, accounting 4.93% of the company's total revenue Wholesale, Non-Affiliates generated $2.46B in revenue, accounting 2.03% of the company's total revenue, up 0.12% year-over-year. Retail generated $18.2B in revenue, accounting 15.05% of the company's total revenue, up 22.52% year-over-year. Product and Service, Other generated $732M in revenue, accounting 0.61% of the company's total revenue, up 3.39% year-over-year. Natural Gas Distribution generated $5.22B in revenue, accounting 4.32% of the company's total revenue, up 43.94% year-over-year. Other Revenue Sources generated $3.34B in revenue, accounting 2.76% of the company's total revenue, down -0.33% year-over-year. Wholesale Electric - PPA Energy Revenues generated $2.27B in revenue, accounting 1.88% of the company's total revenue, up 102.67% year-over-year. Corporate and Other generated $55M in revenue, accounting 0.05% of the company's total revenue Wholesale Electric - PPA Capacity Revenues generated $596M in revenue, accounting 0.49% of the company's total revenue, up 20.89% year-over-year. Wholesale, Affiliates generated $460M in revenue, accounting 0.38% of the company's total revenue, up 144.68% year-over-year. Wholesale Electric Revenues generated $3.12B in revenue, accounting 2.58% of the company's total revenue, up 68.56% year-over-year. Gas Distribution Operations generated $5.27B in revenue, accounting 4.36% of the company's total revenue Gas Marketing Services generated $638M in revenue, accounting 0.53% of the company's total revenue Gas Pipeline Investments generated $32M in revenue, accounting 0.03% of the company's total revenue Wholesale Electric - Non-PPA Revenues generated $250M in revenue, accounting 0.21% of the company's total revenue, up 5.93% year-over-year. Retail Electric generated $15.84B in revenue, accounting 13.10% of the company's total revenue, up 11.20% year-over-year. Retail Electric - Residential generated $6.6B in revenue, accounting 5.46% of the company's total revenue, up 6.40% year-over-year.

For the fiscal year ending Dec 22, the largest source of revenue of Southern Company was Electric Utilities. This segment made a revenue of $22.87B, representing 18.92% of the company's total revenue.