Southern Company (The)
SO Utilities Utilities Regulated Electric
Southern Company (The)’s revenue for fiscal 2025 (year ended December 2025) was $29.6 billion, up 10.6% from fiscal 2024.
- Revenue
- +13.0%
- EPS
- +14.2%
- Free cash flow
- +362.1%
- Total debt
- +1.32%
Quarter to September 2026, against a year earlier
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Southern Company (The) 10-Q filed Nov 5, 2026
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 30, 2026: 65 added · 24 removed · 183 modified; 107 with only figures updated; 1 moved without change
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Modified · Recent Developments
In December 2025, the Alabama PSC issued a consent order to keep retail rates stable through 2027. On April 2, 2026, the State of Alabama enacted legislation (Power to the People Act) providing that retail base rates established and in place on October 1, 2026 may not be increased before January 1, 2029 for utilities that are regulated by the Alabama PSC and that provide retail electric service. The ultimate outcome of this matter cannot be determined at this time. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.