Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 106

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 106
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 adjust billings for fluctuations in natural gas costs. Therefore, gas costs recovered through natural gas revenues generally equal the amount expensed in cost of natural gas and do not affect net income from the natural gas distribution utilities.

Revenues from gas marketing services increased in the second quarter and year-to-date 2025 compared to the corresponding periods in 2024 primarily due to higher commodity prices.

Other Revenues

Second Quarter 2025 vs. Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024(change in millions)(% change)(change in millions)(% change)$268.4$14727.4

In the second quarter 2025, other revenues were $335 million compared to $309 million for the corresponding period in 2024. For year-to-date 2025, other revenues were $684 million compared to $537 million for the corresponding period in 2024. The increases in the second quarter and year-to-date 2025 were primarily due to increases of $20 million and $81 million, respectively, at PowerSecure primarily related to distributed infrastructure projects and $13 million and $71 million, respectively, in unregulated sales at Georgia Power primarily associated with power delivery construction and maintenance, energy conservation, and renewables projects. Partially offsetting the second quarter 2025 increase was a $6 million decrease at Southern Linc related to equipment sales associated with commercial customers.

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

Fuel and Purchased Power Expenses

 Second Quarter 2025 vs.Second Quarter 2024Year-to-Date 2025 vs. Year-to-Date 2024 (change in millions)(% change)(change in millions)(% change)Fuel$84 8.1 %$380 18.7 %Purchased power38 17.1 90 21.4 Total fuel and purchased power expenses$122 $470 

In the second quarter 2025, total fuel and purchased power expenses were $1.4 billion compared to $1.3 billion for the corresponding period in 2024. The increase was due to a $106 million net increase related to the average cost of fuel and purchased power and a $16 million net increase related to the volume of KWHs