FINHUB Insights

SO · Q1 FY26 · Jan 1 – Mar 31, 2026

Southern Q1 FY26: where the revenue came from and where it went

Southern Q1 FY26: revenue $8.4B (+8% year over year). Net profit $1.4B. Largest cohort Residential $2B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2026
Reported
Apr 30, 2026 10-Q
Sankey diagram of Southern's income statement for Q1 FY26: revenue of $8.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$8.4B +8% year over year
Gross profit$8.2B 98% margin
Operating profit$2B 24% margin
Net profit$1.4B 16% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 8.4 100% +8%
Residential 2 24% −3%
Natural gas distribution 1.9 23% +20%
Commercial 1.7 20% +3%
Other 0.8 10%
Wholesale electric 0.7 8% +16%
PPA energy revenues 0.5 6% +20%
Other revenues 0.5 6% +0%
Other revenue sources 0.4 5%
Cost of revenue−0.22%
Gross profit8.298% margin+0pp
Operating expenses−6.274%+0pp
Operating profit224% margin−2pp
Tax−0.2
Interest & other costs−0.4
Net profit1.416%−1pp
Filing on EDGAR More quarters of SO

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters