SO Q2 2024 Earnings — The Southern Company Revenue & Financial Results | Market Cap Arena

SOThe Southern Company

$109B

Q2 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$6.5B+12.4% YoY

Gross Profit

$3.5B53.9% margin

Operating Income

$1.9B30.0% margin

Net Income

$1.2B18.6% margin

EPS (Diluted)

$1.09

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$2.7B

Free Cash Flow

$419M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$141.9B

Total Liabilities

$105.8B

Stockholders' Equity

$32.4B

Cash & Equivalents

$1.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.5B	$5.7B	+12.4%
Gross Profit	$3.5B	$2.7B	+27.1%
Operating Income	$1.9B	$1.3B	+50.3%
Net Income	$1.2B	$838M	+43.6%