SOJE Q3 2024 Earnings — Southern Company (The) Series 2 Revenue & Financial Results | Market Cap Arena

SOJESouthern Company (The) Series 2

$20B

Q3 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$7.3B+4.2% YoY

Gross Profit

$4.0B54.3% margin

Operating Income

$2.4B32.6% margin

Net Income

$1.5B21.1% margin

EPS (Diluted)

$1.39

QoQ Revenue Growth

+12.5%

Cash Flow

Operating Cash Flow

$3.6B

Free Cash Flow

$1.3B

Stock-Based Comp.

$23M

Balance Sheet

Total Assets

$144.0B

Total Liabilities

$107.1B

Stockholders' Equity

$33.3B

Cash & Equivalents

$1.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$7.3B	$7.0B	+4.2%
Gross Profit	$4.0B	$3.8B	+5.3%
Operating Income	$2.4B	$2.1B	+12.2%
Net Income	$1.5B	$1.4B	+7.9%

Revenue Segments

Natural Gas Distribution

$610M24%

Electric Utilities

$557M22%

Natural Gas Distribution - Transportation

$294M12%

Wholesale Electric - PPA Energy Revenues

$222M9%

Natural Gas Distribution - Residential

$212M9%

Other Revenue Sources

$177M7%

Wholesale Electric - PPA Capacity Revenues

$125M5%

Wholesale Electric - Non-PPA Revenues

$67M3%

Other Natural Gas

$57M2%

Natural Gas Distribution - Commercial

$55M2%

Other Natural Gas - Gas Marketing Services

$51M2%

Natural Gas Distribution - Other

$45M2%

Other Revenues

$9M0%

Other Natural Gas - Other Natural Gas Revenues

$6M0%

Natural Gas Distribution - Industrial

$4M0%