Company: SOJE
Filing Date: 2025-07-31
Form Type: 10-Q
Source: 0000092122-25-000076
Chunk: 27

Company: SOUTHERN CO
Filing Date: 2025-07-31
Form: 10-Q
Item: Item 1
Chunk 27
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1)Balance at June 30, 2025$1,452 $1,910 $2 $3,364 $3,328 $6,692 

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

35

    Table of Contents                                Index to Financial Statements

SOUTHERN COMPANY GAS AND SUBSIDIARY COMPANIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

 For the Three Months Ended June 30,For the Six Months Ended June 30, 2025202420252024 (in millions)(in millions)Operating Revenues:Natural gas revenues (includes revenue taxes of    $27, $23, $90, and $76, respectively)$979 $831 $2,818 $2,538 Total operating revenues979 831 2,818 2,538 Operating Expenses:Cost of natural gas255 149 929 754 Other operations and maintenance301 288 617 581 Depreciation and amortization172 158 341 313 Taxes other than income taxes61 56 158 143 Total operating expenses789 651 2,045 1,791 Operating Income190 180 773 747 Other Income and (Expense):Earnings from equity method investments23 32 62 76 Interest expense, net of amounts capitalized(92)(83)(183)(167)Other income (expense), net18 15 34 35 Total other income and (expense)(51)(36)(87)(56)Earnings Before Income Taxes139 144 686 691 Income taxes33 36 162 174 Net Income$106 $108 $524 $517 

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

 For the Three Months Ended June 30,For the Six Months Ended June 30, 2025202420252024 (in millions)(in millions)Net Income$106 $108 $524 $517 Other comprehensive income (loss):Qualifying hedges:Changes in fair value, net of tax of    $(2), $1, $2, and $(1), respectively(6)2 6 (3)Reclassification adjustment for amounts included in net income,    net of tax