SO Q1 2024 Earnings — The Southern Company Revenue & Financial Results | Market Cap Arena

SOThe Southern Company

$109B

Q1 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$6.6B+2.6% YoY

Gross Profit

$3.2B48.8% margin

Operating Income

$1.7B25.6% margin

Net Income

$1.1B17.0% margin

EPS (Diluted)

$1.03

QoQ Revenue Growth

+9.9%

Cash Flow

Operating Cash Flow

$1.3B

Free Cash Flow

-$597M

Stock-Based Comp.

$83M

Balance Sheet

Total Assets

$140.1B

Total Liabilities

$104.5B

Stockholders' Equity

$31.9B

Cash & Equivalents

$713M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.6B	$6.5B	+2.6%
Gross Profit	$3.2B	$2.7B	+19.1%
Operating Income	$1.7B	$1.2B	+39.8%
Net Income	$1.1B	$862M	+31.0%

Revenue Segments

Electric Utilities

$4.8B69%

Southern Company Gas

$1.7B24%

Southern Power

$473M7%

Corporate and Other

$6M0%