Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 201

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 8
Chunk 201
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 Company Gas are an integral part of these condensed consolidated financial statements.

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    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)

Liabilities and Stockholder's EquityAt June 30, 2025At December 31, 2024(in millions)Current Liabilities:Securities due within one year$752 $302 Notes payable471 455 Accounts payable —Affiliated54 75 Other384 437 Customer deposits74 98 Accrued taxes89 85 Accrued interest88 88 Accrued compensation85 129 Temporary LIFO liquidation42 — Natural gas cost over recovery107 193 Other regulatory liabilities43 7 Other current liabilities137 149 Total current liabilities2,326 2,018 Long-term Debt7,786 8,229 Deferred Credits and Other Liabilities:Accumulated deferred income taxes1,874 1,796 Deferred credits related to income taxes736 755 Employee benefit obligations63 78 Operating lease obligations88 30 Other cost of removal obligations1,894 1,846 Accrued environmental remediation187 198 Other deferred credits and liabilities224 231 Total deferred credits and other liabilities5,066 4,934 Total Liabilities15,178 15,181 Common Stockholder's Equity (See accompanying statements)11,198 10,996 Total Liabilities and Stockholder's Equity$26,376 $26,177 

The accompanying notes as they relate to Southern Company Gas are an integral part of these condensed consolidated financial statements.

39

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDER'S EQUITY (UNAUDITED)

 Paid-InCapitalRetainedEarnings(Accumulated Deficit)AccumulatedOtherComprehensiveIncome (Loss)Total (in millions)Balance at December 31, 2023$10,836 $(49)$16 $10,803 Net income— 409 — 409 Capital contributions from parent company2 — — 2 Other comprehensive income— — 12 12 Cash dividends on common stock