Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 288

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 288
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30 159 10 — 169 Segment net income$417 $62 $77 $556 $(7)$— $549 Total assets at September 30, 2025$25,200 $1,468 $1,667 $28,335 $10,845 $(12,254)$26,926 Three Months Ended September 30, 2024Operating revenues$616 $8 $53 $677 $6 $(1)$682 Other segment items(*)366 1 50 417 5 (1)421 Depreciation and amortization156 1 4 161 1 — 162 Earnings from equity method investments— 34 — 34 — — 34 Interest expense75 8 1 84 — — 84 Income taxes(2)8 — 6 5 — 11 Segment net income (loss)$21 $24 $(2)$43 $(5)$— $38 Nine Months Ended September 30, 2024Operating revenues$2,828 $24 $358 $3,210 $19 $(9)$3,220 Other segment items(*)1,612 3 244 1,859 16 (9)1,866 Depreciation and amortization459 4 11 474 1 — 475 Earnings from equity method investments— 110 — 110 — — 110 Interest expense229 26 2 257 (7)— 250 Income taxes (benefit)125 24 29 178 6 — 184 Segment net income$403 $77 $72 $552 $3 $— $555 Total assets at December 31, 2024$24,067 $1,573 $1,696 $27,336 $10,047 $(11,206)$26,177 (*)Primarily consists of cost of natural gas, other operations and maintenance, taxes other than income taxes, AFUDC equity, and non-service cost-related retirement benefits income.

96

    Table of Contents                                Index to Financial Statements

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations.

PageCombined Management's Discussion and Analysis of Financial Condition and