Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 351

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 2
Chunk 351
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. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$(323)(26.8)$(118)(5.1)

Consolidated net income attributable to Southern Company was $880 million ($0.80 per share) in the second quarter 2025 compared to $1.2 billion ($1.10 per share) for the corresponding period in 2024. For year-to-date 2025, consolidated net income attributable to Southern Company was $2.2 billion ($2.01 per share) compared to $2.3 

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

billion ($2.13 per share) for the corresponding period in 2024. The decreases were primarily due to increases in non-fuel operations and maintenance expenses, depreciation and amortization, interest expense, and income taxes, partially offset by increases in retail electric revenues associated with rates and pricing and sales growth, natural gas revenues associated with base rate increases, other revenues, and allowance for equity funds used during construction. Also contributing to the second quarter 2025 decrease were weather impacts, which partially offset the increase in retail electric revenues.

Retail Electric Revenues

In the second quarter 2025, retail electric revenues were $4.8 billion compared to $4.5 billion for the corresponding period in 2024. For year-to-date 2025, retail electric revenues were $9.4 billion compared to $8.4 billion for the corresponding period in 2024. Details of the changes in retail electric 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$199 4.4 %$558 6.6 %Sales growth93 2.1 69 0.8 Weather(100)(2.2)17 0.2 Fuel and other cost recovery80 1.8 287 3.4 Retail electric revenues$272 6.1 %$931 11.0 %

Changes in rates and pricing resulted in an increase in revenues in the second quarter and year-to-date