Southern Company revenue
Southern Company's revenue was $29.55bn in fiscal 2025, up 10.6% on the year before. Since fiscal 2009 ($15.74bn) it has grown at a compound 4.0% a year. Over the last twelve months it was $30.18bn.
Revenue history
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 15.7 | 17.5 | 17.7 | 16.5 | 17.1 | 18.5 | 17.5 | 19.9 | 23.0 | 23.5 | 21.4 | 20.4 | 23.1 | 29.3 | 25.3 | 26.7 | 29.6 | 30.2 |
| Growth on the year before | — | +10.9% | +1.2% | −6.3% | +3.3% | +8.1% | −5.3% | +13.8% | +15.8% | +2.0% | −8.8% | −4.9% | +13.4% | +26.7% | −13.8% | +5.8% | +10.6% | — |
Where the revenue comes from
| Line of business | Revenue | YoY |
|---|---|---|
| Electric Utilities | $23.8B | ▲ 10.1% |
| Southern Company Gas | $5B | ▲ 13.2% |
These categories overlap or exclude eliminations, so shares aren't shown.
| Line of business | Revenue | YoY |
|---|---|---|
| Retail Electric | $19.8B | ▲ 4.7% |
| Retail | $19.3B | ▲ 8.7% |
| Retail Electric Residential | $8.6B | ▲ 3.9% |
| Retail Electric Commercial | $7B | ▲ 6.2% |
| Natural Gas | $5B | ▲ 13.2% |
| Natural Gas Distribution | $4.5B | ▲ 16.7% |
| Retail Electric Industrial | $4B | ▲ 3.9% |
| Wholesale Electric | $2.9B | ▲ 21.0% |
| Wholesale Electric Revenues | $2.4B | ▲ 22.8% |
| Natural Gas Distribution Residential | $2.2B | ▲ 23.4% |
| Other Revenues | $1.8B | ▲ 9.6% |
| Wholesale Electric PPA Energy Revenues | $1.4B | ▲ 35.0% |
| Natural Gas Distribution Transportation | $1.4B | ▲ 10.0% |
| Other | $1.3B | ▲ 11.6% |
| Other Electric Revenue | $953M | ▲ 6.4% |
| Wholesale Electric PPA Capacity Revenues | $637M | ▼ 0.6% |
| Other Natural Gas | $581M | ▲ 10.7% |
| Other Natural Gas Gas Marketing Services | $569M | ▲ 12.2% |
| Natural Gas Distribution Commercial | $527M | ▲ 26.4% |
| Wholesale Electric Non PPA Revenues | $299M | ▲ 32.3% |
| Natural Gas Distribution Other | $295M | ▼ 6.6% |
| Retail Electric Other | $123M | ▼ 0.8% |
| Natural Gas Distribution Industrial | $44M | ▲ 29.4% |
| Other Natural Gas Other Natural Gas Revenues | $12M | ▼ 33.3% |
These categories overlap or exclude eliminations, so shares aren't shown.
From Southern Company's 10-K filed February 19, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.
Revenue against peers
| Company | Revenue | Growth | 3-year growth a year |
|---|---|---|---|
| Southern Company | $30.18bn | 6.4% | 3.0% |
| Constellation Energy | $31.27bn | 26.0% | 5.8% |
| Duke Energy | $33.25bn | 6.3% | 4.6% |
| Exelon | $25.94bn | 6.7% | 7.3% |
| American Electric Power | $22.79bn | 10.3% | 5.4% |
| Vistra Corp. | $19.21bn | 3.8% | 4.9% |
Compare with peers
More: Electric Utilities stocks compared, Utilities sector, rankings of US companies