Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 336

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 336
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 equal the amount expensed in cost of natural gas and do not affect net income from gas distribution operations. Cost of natural gas at gas distribution operations represented 81.9% and 81.5% of the total cost of natural gas in the third quarter and year-to-date 2025, respectively. See MANAGEMENT'S DISCUSSION AND ANALYSIS – RESULTS OF OPERATIONS – "Southern Company Gas – Cost of Natural Gas" in Item 7 of the Form 10-K and "Natural Gas Revenues" herein for additional information.

In the third quarter 2025, cost of natural gas was $116 million compared to $98 million for the corresponding period in 2024. For year-to-date 2025, cost of natural gas was $1.0 billion compared to $0.9 billion for the corresponding period in 2024. The increases reflect higher gas cost recovery as a result of increases of 42.4% and 61.6% in natural gas prices in the third quarter and year-to-date 2025, respectively.

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    Table of Contents                                Index to Financial StatementsMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONAND RESULTS OF OPERATIONS (Continued)

The following table details the volumes of natural gas sold during all periods presented:

Third QuarterYear-to-Date202520242025 vs. 2024202520242025 vs. 2024Gas distribution operations (mmBtu in millions)Firm71 71 — %475 432 10.0 %Interruptible21 22 (4.5)64 69 (7.2)Total92 93 (1.1)%539 501 7.6 %Gas marketing services (mmBtu in millions)Firm:Georgia3 3 — %25 25 — %Illinois— — — 4 4 — Other2 2 — 14 11 27.3 Interruptible large commercial and industrial3 3 — 10 11 (9.1)Total8 8 — %53 51 3.9 %

Other Operations and Maintenance Expenses

Third Quarter 2025 vs. Third Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$196