SO Q1 2023 Earnings — The Southern Company Revenue & Financial Results | Market Cap Arena

SOThe Southern Company

$109B

Q1 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$6.5B-2.5% YoY

Gross Profit

$2.7B42.0% margin

Operating Income

$1.2B18.8% margin

Net Income

$862M13.3% margin

EPS (Diluted)

$0.79

QoQ Revenue Growth

-8.0%

Cash Flow

Operating Cash Flow

$844M

Free Cash Flow

-$1.0B

Stock-Based Comp.

$92M

Balance Sheet

Total Assets

$134.8B

Total Liabilities

$100.2B

Stockholders' Equity

$30.5B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.5B	$6.6B	-2.5%
Gross Profit	$2.7B	$2.6B	+3.7%
Operating Income	$1.2B	$1.4B	-12.0%
Net Income	$862M	$1.0B	-16.8%

Revenue Segments

Electric Utilities

$4.5B51%

Southern Company Gas

$1.9B21%

Gas Distribution Operations

$1.6B18%

Southern Power

$508M6%

Gas Marketing Services

$246M3%

Corporate and Other

$12M0%

Gas Pipeline Investments

$8M0%