SOMN Q3 2025 Earnings Report — The Southern Company Revenue & Financial Results | Market Cap Arena

The Southern CompanySOMN

Q3 2025 Earnings

Reported September 30, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2025	Q2 2025	Q3 2024	QoQ Change	YoY Change
Revenue	$7.8B	—	$7.3B	—	7.5%
Op. Income	$2.6B	—	$2.4B	—	9.5%
Gross Margin	55.0%	—	54.3%	—	0.7pp
Net Margin	21.9%	—	21.1%	—	0.8pp
EPS (Diluted)	$1.54	—	$1.39	—	10.7%
Free Cash Flow	$559M	—	$1.3B	—	-57.2%

Revenue Flow

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$3.5B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$5.2B
OPERATING INCOME	$2.6B
Interest Income	$0
Interest Expense	$755M
Other Income/Expenses	-$483M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$404M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.6B
EBIT	$2.9B
EBITDA	$4.4B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$7.8B
Cost of Revenue	$3.5B
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$5.2B
OPERATING INCOME	$2.6B
Interest Income	$0
Interest Expense	$755M
Other Income/Expenses	-$483M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	$404M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$1.6B
EBIT	$2.9B
EBITDA	$4.4B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$1.6B
Stock-Based Compensation	$22M
Deferred Income Tax	-$98M
Other Non-Cash Items	-$559M
Change in Working Capital	$1.1B
OPERATING CASH FLOW	$3.8B
Capital Expenditure	-$3.2B
Acquisitions (Net)	-$637M
Purchases of Investments	-$435M
Sales/Maturities of Investments	$435M
Other Investing Activities	-$13M
NET CASH FROM INVESTING	-$3.9B
Net Debt Issuance	$3.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$760M
Other Financing Activities	-$78M
NET CASH FROM FINANCING	$2.2B
FREE CASH FLOW	$559M
Net Change in Cash	$2.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.3B
Short-Term Investments	$0
Net Receivables	$3.9B
Inventory	$3.3B
Other Current Assets	$1.8B
TOTAL CURRENT ASSETS	$12.6B
PP&E (Net)	$113.0B
Goodwill	$5.2B
Intangible Assets	$308M
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$18.0B
TOTAL NON-CURRENT ASSETS	$140.6B
TOTAL ASSETS	$153.2B
Account Payables	$3.0B
Short-Term Debt	$7.7B
Deferred Revenue	$489M
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$16.7B
Long-Term Debt	$64.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18.6B
Other Non-Current Liabilities	$13.8B
TOTAL NON-CURRENT LIABILITIES	$98.2B
TOTAL LIABILITIES	$115.0B
Common Stock	$5.5B
Additional Paid-In Capital	$14.4B
Retained Earnings	$15.3B
Treasury Stock	-$57M
Accum. Other Comp. Income	-$80M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$35.0B
Minority Interest	$3.3B
TOTAL EQUITY	$38.3B
TOTAL LIABILITIES & EQUITY	$153.2B
Total Debt	$73.7B
Net Debt	$70.4B