SO Q2 2023 Earnings — The Southern Company Revenue & Financial Results | Market Cap Arena

SOThe Southern Company

$109B

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$5.7B-20.2% YoY

Gross Profit

$2.7B47.7% margin

Operating Income

$1.3B22.4% margin

Net Income

$838M14.6% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-11.3%

Cash Flow

Operating Cash Flow

$2.1B

Free Cash Flow

$8M

Stock-Based Comp.

$19M

Balance Sheet

Total Assets

$137.1B

Total Liabilities

$102.5B

Stockholders' Equity

$30.7B

Cash & Equivalents

$2.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$5.7B	$7.2B	-20.2%
Gross Profit	$2.7B	$3.0B	-7.6%
Operating Income	$1.3B	$1.7B	-22.1%
Net Income	$838M	$1.1B	-24.6%

Revenue Segments

Electric Utilities

$4.8B68%

Southern Company Gas

$852M12%

Gas Distribution Operations

$764M11%

Southern Power

$525M8%

Gas Marketing Services

$75M1%

Corporate and Other

$9M0%

Gas Pipeline Investments

$8M0%