The Southern Company’s Revenue Breakdown (2016-2023)

This statistic highlights The Southern Company’s Revenue Breakdown split across Natural Gas, Retail electric, Wholesale electric, Other electric, and Other, reported from 2016 onwards.

The Southern Company is America’s leading energy company providing service to more than 9 million customers. The company provides safe, affordable, and clean energy through its subsidiaries operating in different states of the United States.

The Southern Company generates revenue from the following segments:

• Natural gas
• Retail electric
• Wholesale electric
• Other electric
• Other

The Southern Company’s Revenue Breakdown

(all figures in millions, except percentages)

The Southern Company’s total revenue increased from $5021 million in Q1 2020 to $5902 million in Q1 2021, marking an increase of 17.54% on a year-on-year basis. The main reason for the growth in revenue during this period was higher customer demand, higher fuel costs, and colder weather.

Natural Gas 

The Southern Company’s revenue from Natural Gas rose from $1250 million in Q1 2020 to $1690 million in Q1 2021, a growth of 35.20% on a year-on-year basis. During this period, the natural gas segment contributed 28.63% to the Southern Company’s total revenue.

The Southern Company’s Natural Gas segment is responsible for gas distribution to residential, commercial, and industrial clients. The company’s natural gas segment serves more than 4.3 million across four states of the United States.

Retail electric 

The Southern Company’s revenue from the Retail electric segment increased from $3080 million in Q1 2020 to $3340 million in Q1 2021, marking an increase of 8.44% on a year-on-year basis. In Q1 2021, the Retail electric segment contributed 56.59% to the company’s total revenue.

The Southern Company provides retail electric service in different states like Georgia, Mississippi, and Alabama. In Alabama, the company operates through its subsidiary Alabama Power, which is involved in the generation, distribution, and transmission of electricity in the urban and rural areas of Alabama. Alabama power also partners with local dealers for the sale of electrical equipment and lighting services. In Georgia, the company operates through its subsidiary Georgia Power, which is engaged in the generation, distribution, and transmission of electricity in different regions of Georgia. In Mississippi, the Southern Company operates through its subsidiary Mississippi Power, which is involved in the sale of electric services in different areas of Mississippi.

Wholesale electric 

The Southern Company’s revenue from the Wholesale electric segment rose from $418 million in Q1 2020 to $545 million in Q1 2021, a growth of 30.38% on a year-on-year basis. In Q1 2021, the Wholesale electric segment contributed 9.23% to the Southern Company’s total revenue.

The Southern Company’s Wholesale electric segment provides electricity services to municipalities, industries, corporations, and investor-owned utilities in different areas of the United States like California, Nevada, Alabama, Georgia, Delaware, Kansas, New Mexico, North Carolina, South Dakota, and Washington.

Other electric

The Southern Company’s revenue from the Other electric segment increased from $151 million in Q1 2020 to $170 million in Q1 2021, an increase of 12.58% on a year-on-year basis. During this period, the Other electric segment contributed 2.88% to the company’s total revenue.

Other

The Southern Company’s revenue from the Other segment rose from $122 million in Q1 2020 to $157 million in Q1 2021, marking an increase of 28.68% on a year-on-year basis. In Q1 2021, the Other segment contributed 2.66% to the Southern Company’s total revenue.

Company Overview

The Southern Company is an American natural gas and energy company. The company’s main office is located in Atlanta, Georgia, United States. The Southern Company employs more than 27,000 in different regions of the United States. In the United States, the company has its operations in states like Alabama, Georgia, Illinois, Virginia, Mississippi, and Tennessee.

The Southern Company’s competitors include FirstEnergy, Engie, CenterPoint Energy, NextEra Energy, Vistra, and Entergy. Over the years, the Southern Company has acquired companies like AGL Resources, Mankato Energy Center, and PowerSecure International. The Southern Company’s stocks are traded on the NYSE under the stock code “SO”.

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