Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 285

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 285
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5 was $381 million compared to $369 million for the corresponding period in 2024. The increase was primarily due to higher retail electric revenues resulting from changes in rates and pricing and increased customer usage, partially offset by weather impacts and an increase in non-fuel operations and maintenance expenses.

For year-to-date 2025, net income was $755 million compared to $702 million for the corresponding period in 2024. The increase was primarily due to higher retail electric revenues resulting from changes in rates and pricing, as well as an increase in other revenues, partially offset by increases in non-fuel operations and maintenance expenses and depreciation and amortization.

Retail Revenues

In the second quarter 2025, retail revenues were $1.7 billion compared to $1.6 billion for the corresponding period in 2024. For year-to-date 2025, retail revenues were $3.4 billion compared to $3.2 billion for the corresponding period in 2024. Details of the changes in retail revenues were as follows:

Second Quarter 2025 vs.Second Quarter 2024Year-to-Date 2025 vs.Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)Rates and pricing$68 4.1 %$159 4.9 %Sales growth23 1.4 — — Weather(40)(2.5)5 0.2 Fuel and other cost recovery20 1.2 64 2.0 Retail revenues$71 4.2 %$228 7.1 %

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

Changes in rates and pricing resulted in increases in revenues in the second quarter and year-to-date 2025 when compared to the corresponding periods in 2024 primarily due to an increase in Rate RSE. See Note 2 to the financial statements under "Alabama Power" in Item 8 of the Form 10-K for additional information.

Changes in sales resulted in an increase in revenues in the second quarter and no change in revenues for year-to-date 2025 when compared to the corresponding periods in 2024. Weather-adjusted residential KWH sales increased 3.9% in the second quarter 2025 primarily due to increased customer usage. Weather-adjusted residential KWH