Company: SOJE
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0000092122-25-000084
Chunk: 287

Company: SOUTHERN CO
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 287
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 investments including a 50% interest in SNG and a 50% joint ownership interest in the Dalton Pipeline. These natural gas pipelines enable the provision of diverse sources of natural gas supplies to the customers of Southern Company Gas. See Note 7 to the financial statements under "Southern Company Gas" in Item 8 of the Form 10-K for additional information.The gas marketing services segment provides natural gas marketing to end-use customers primarily in Georgia through SouthStar.The "All Other" column includes segments and subsidiaries that fall below the quantitative threshold for separate disclosure.Southern Company Gas' CODM utilizes segment expense information in the form of variances to budget to assess performance; therefore, Southern Company Gas has no reportable significant segment expenses.

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    Table of Contents                                Index to Financial StatementsNOTES TO THE CONDENSED FINANCIAL STATEMENTS (Continued)(UNAUDITED)

Financial data for business segments for the three and nine months ended September 30, 2025 and 2024 was as follows:Gas Distribution OperationsGasPipeline InvestmentsGas Marketing ServicesTotal Reportable SegmentsAllOtherEliminationsConsolidated(in millions)Three Months Ended September 30, 2025Operating revenues$668 $8 $58 $734 $1 $(1)$734 Other segment items(*)409 1 50 460 5 (1)464 Depreciation and amortization171 1 3 175 1 — 176 Earnings from equity method investments— 31 — 31 — — 31 Interest expense89 10 1 100 (6)— 94 Income taxes(13)7 1 (5)11 — 6 Segment net income$12 $20 $3 $35 $(10)$— $25 Nine Months Ended September 30, 2025Operating revenues$3,122 $24 $403 $3,549 $11 $(8)$3,552 Other segment items(*)1,842 3 284 2,129 12 (8)2,133 Depreciation and amortization502 4 10 516 1 — 517 Earnings from equity method investments— 93 — 93 — — 93 Interest expense252 28 2 282 (5)— 277 Income taxes (benefit)109 20