Southern (SO) Capital Expenditures (2009 - 2026)
Southern (SO) posted Capital Expenditures of $3.7 billion for Q2 2026, up 22.4% from $3.02 billion a year earlier and up 25.5% from the prior quarter.
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Analysis
Southern (SO) Capital Expenditures (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Capital Expenditures at Southern was $13.92 billion, up 32.4% year-over-year; for FY2025, it came in at $12.74 billion, up 42.2% from FY2024.
- Annual Capital Expenditures shows a five-year compound annual growth rate of 11.1% (FY2020 to FY2025).
- In prior years, Southern's Capital Expenditures was $8.96 billion in FY2024 (-1.5%), $9.1 billion in FY2023 (+14.8%), $7.92 billion in FY2022 (+4.4%) and $7.59 billion in FY2021 (+0.9%).
- Quarterly Capital Expenditures has run from a low of $1.42 billion in Q1 2022 to a high of $4.29 billion in Q4 2025 over five years.
- On a year-over-year basis, Capital Expenditures has increased in each of the last seven quarters, with growth averaging 25.5% over the last eight quarters.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q4 2025, with growth of 55.9%; the weakest was Q1 2022, with a decline of 15.4%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $2.94 billion (Q1 2026), $4.29 billion (Q4 2025) and $3 billion (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 287.73 Bn | 287.73 Bn | 890.00 Mn | - |
| 2 | Nextera Energy | 160.25 Bn | 161.15 Bn | - | - |
| 3 | Southern | 96.31 Bn | 87.36 Bn | 5.92 Bn | 3.70 Bn |
| 4 | Duke Energy | 88.79 Bn | 87.40 Bn | 6.74 Bn | 4.09 Bn |
| 5 | National Grid | 79.16 Bn | 60.69 Bn | - | - |
| 6 | American Electric Power | 65.09 Bn | 63.47 Bn | 3.84 Bn | 2.78 Bn |
| 7 | Dominion Energy | 53.95 Bn | 56.63 Bn | - | 2.78 Bn |
| 8 | Sempra | 51.22 Bn | 50.35 Bn | 2.89 Bn | 2.23 Bn |
| 9 | Entergy | 47.09 Bn | 36.28 Bn | - | 2.78 Bn |
| 10 | Xcel Energy | 44.58 Bn | 39.49 Bn | - | 2.95 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.70 Bn |
| Mar 31, 2026 | 2.94 Bn |
| Dec 31, 2025 | 4.29 Bn |
| Sep 30, 2025 | 3.00 Bn |
| Jun 30, 2025 | 3.02 Bn |
| Mar 31, 2025 | 2.44 Bn |
| Dec 31, 2024 | 2.75 Bn |
| Sep 30, 2024 | 2.31 Bn |
| Jun 30, 2024 | 2.13 Bn |
| Mar 31, 2024 | 1.77 Bn |
| Dec 31, 2023 | 2.53 Bn |
| Sep 30, 2023 | 2.66 Bn |
| Jun 30, 2023 | 2.05 Bn |
| Mar 31, 2023 | 1.85 Bn |
| Dec 31, 2022 | 2.42 Bn |
| Sep 30, 2022 | 2.29 Bn |
| Jun 30, 2022 | 1.79 Bn |
| Mar 31, 2022 | 1.42 Bn |
| Dec 31, 2021 | 2.36 Bn |
| Sep 30, 2021 | 1.84 Bn |
API Access
Southern Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=SO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "SO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=SO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();