Southern Co (SO)
Southern Co brought in $30.2B of revenue over the twelve months to March 31, 2026, up 8.3% from a year earlier. Net income was $4.4B, a net margin of 14.5%. In fiscal 2025 capital spending exceeded operating cash flow by $2.9B. At March 31, 2026 it held $981M in cash against $72.8B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on July 30, 2026.
Key facts about Southern Co
- Net worth
- Southern Co has a market value (market cap) of $102.8B at the latest share price, and shareholders' equity of $39.9B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $29.6B (+10.4% year on year), with net income of $4.3B. Over the 12 months to March 31, 2026: revenue $30.2B, net income $4.4B.
- Cash flow
- In fiscal 2025 operations brought in $9.8B of cash; after $12.7B of capital spending, free cash flow was -$2.9B.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on July 30, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Southern Co's next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Southern Co paid dividends of $2.94 per share in fiscal 2025, a yield of 3.29% at the current price.
What Southern Co does
Southern Company is a public utility holding company that generates, transmits, and distributes electricity and natural gas. It operates regulated electric utilities such as Alabama Power and Georgia Power, supplying power to residential, commercial, and industrial customers across the southeastern United States. It also manages gas distribution networks. Its shares trade on NYSE under the ticker SO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $29.6B | $4.3B | $3.92 | -$2.9B |
| 2024 | $26.8B | $4.4B | $3.99 | $833M |
| 2023 | $25.3B | $4B | $3.62 | -$1.5B |
| 2022 | $29.3B | $3.5B | $3.26 | -$1.6B |
| 2021 | $23.5B | $2.4B | $2.24 | -$1.4B |
| 2020 | $21.1B | $3.1B | $2.93 | -$826M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where SO ranks in Utilities
Dividends
Southern Co paid $2.94 per share in fiscal 2025. At the current price that is a yield of 3.29%. It paid out $3B in cash dividends, 69% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $2.94 | $3B | 69% |
| 2024 | $2.86 | $3B | 67% |
| 2023 | $2.78 | $3B | 76% |
| 2022 | $2.70 | $2.9B | 82% |
| 2021 | $2.62 | $2.8B | 116% |
| 2020 | $2.54 | $2.7B | 86% |
Latest SEC filings
What Southern Co has filed recently, newest first. Each links to the original document on SEC EDGAR.
- August 6, 2026New debt 8-K
- August 4, 2026Other event 8-K
- August 3, 2026Other event 8-K
- July 30, 2026
- July 30, 2026Quarterly report 10-Q · period to June 30, 2026
- June 26, 2026
- June 8, 2026Other event 8-K
- June 5, 2026
- May 20, 2026
- May 15, 2026
Insider trades
What the people running Southern Co did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $842.3K worth of shares in the last 90 days and bought none on the open market. Most of the selling (85%) was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Kim Matthew M.Comptroller | Soldpre-planned (10b5-1) | 100 | $8.3K |
| September 3, 2026 | Kim Matthew M.Comptroller | Sold | 1,400 | $124.4K |
| September 3, 2026 | Sena Peter P IIIChairman,President & CEO, SNC | Soldpre-planned (10b5-1) | 4,266 | $377.9K |
| September 1, 2026 | Kim Matthew M.Comptroller | Soldpre-planned (10b5-1) | 100 | $8.8K |
| August 6, 2026 | Spainhour Sterling A Jr.EVP & CLO | Soldpre-planned (10b5-1) | 3,333 | $313.4K |
| August 3, 2026 | Kim Matthew M.Comptroller | Soldpre-planned (10b5-1) | 100 | $9.4K |
| July 1, 2026 | Kim Matthew M.Comptroller | Soldpre-planned (10b5-1) | 100 | $9.6K |
| June 28, 2026 | Sena Peter P IIIChairman,President & CEO, SNC | Exercised options | 712 | - |
Who owns SO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Capital Management13G, passive | 7.42% | April 30, 2026 |
| Capital World Investors13G, passive | 5.6% | May 14, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 2,355 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 92,990,716 | +2,622,013 |
| Vanguard Capital Management LLC | 73,665,124 | +2,125,979 |
| State Street Corp | 64,809,708 | +1,829,620 |
| Capital World Investors | 62,518,698 | +6,278,825 |
| Jpmorgan Chase & Co | 32,778,201 | -10,559,549 |
| Geode Capital Management, LLC | 29,315,285 | +960,236 |
| Vanguard Portfolio Management LLC | 27,023,691 | +886,834 |
| Fmr LLC | 22,537,244 | -350,690 |
| Franklin Resources Inc | 16,561,908 | -247,401 |
| Goldman Sachs Group Inc | 14,582,492 | +8,740,569 |
| Norges Bank | 14,358,862 | new |
| Massachusetts Financial Services Co | 13,831,354 | -1,764,446 |
| Morgan Stanley | 13,539,685 | +624,619 |
| Northern Trust Corp | 9,755,332 | -72,094 |
| Ameriprise Financial Inc | 9,568,912 | +132,926 |
| Royal Bank of Canada | 8,721,450 | -31,725 |
| Bank of America Corp | 8,392,512 | +11,920 |
| Legal & General Group Plc | 7,703,017 | -145,265 |
| Charles Schwab Investment Management Inc | 7,386,604 | +275,333 |
| Bank of New York Mellon Corp | 7,278,460 | -156 |
Insiders
14 insiders reported holding 972,599 shares in total, about $86.9M at the last price.
| Holder | Shares |
|---|---|
| Womack Christopher CChairman, President & CEO | 213,449 |
| Kerr, II James YChairman, President & CEO, GAS | 182,822 |
| Connally Stan WEVP & COO | 161,481 |
| Greene Kimberly S,Chairman, President & CEO, GPC | 103,602 |
| Anderson Bryan DEVP | 67,389 |
| Poroch David P.EVP & CFO | 48,156 |
| Peoples James JeffreyChairman, President & CEO, APC | 42,140 |
| Drake Sloane NEVP & CHRO | 38,932 |
| Spainhour Sterling A Jr.EVP & CLO | 35,923704 held indirectly |
| Cummiskey ChristopherEVP | 30,800 |
Questions about SO
What does Southern Co do?
Southern Company is a public utility holding company that generates, transmits, and distributes electricity and natural gas. It operates regulated electric utilities such as Alabama Power and Georgia Power, supplying power to residential, commercial, and industrial customers across the southeastern United States. It also manages gas distribution networks. Its shares trade on NYSE under the ticker SO.
What is Southern Co's net worth?
Southern Co has a market value (market cap) of $102.8B at the latest share price, and shareholders' equity of $39.9B on its balance sheet at March 31, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Southern Co profitable?
Yes. Over the twelve months to March 31, 2026 it reported net income of $4.4B on revenue of $30.2B, a net margin of 14.5%.
How much revenue does Southern Co make?
Over the twelve months to March 31, 2026 Southern Co reported revenue of $30.2B. That is 8.3% more than a year earlier.
When did Southern Co last report?
Its most recent periodic report is the quarterly report (10-Q) filed on July 30, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 5, 2026.
When is Southern Co's next earnings report?
Southern Co's next report is expected around October 29, 2026. That is an estimate from its filing rhythm, not a date the company has announced.
Does Southern Co pay a dividend?
Yes. Southern Co paid dividends of $2.94 per share in fiscal 2025, a yield of 3.29% at the current price.
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Where the numbers come from
Financial figures are the values Southern Co tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.