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Revenue by Segment
Breaks down income from various business units, providing insight into which segments drive growth and profitability, and where the company might face challenges or opportunities.Non‑Fuel revenue is the structural growth engine here—steady, larger, and increasingly driven by commercial and data‑center demand plus new residential adds noted on the call—while Wholesale and Other Electric are trending up in the latest quarters, matching the company’s large‑load contract wins and battery deployments. Fuel and Natural Gas remain volatile and drove the pronounced Q1 2026 spike, implying dispatch/price sensitivity; that upside supports near‑term revenue but is capital‑intensive and exposes margin and financing risk as Southern scales new generation and storage.
Date | Fuel | Non Fuel | Wholesale Electric | Other Electric | Natural Gas | Other |
|---|---|---|---|---|---|---|
Jun 30, 2026 | $1.06B | $3.68B | $699.00M | $242.00M | $966.00M | $325.00M |
Mar 31, 2026 | $1.26B | $3.38B | $965.00M | $265.00M | $2.19B | $336.00M |
Dec 31, 2025 | $1.06B | $3.21B | $684.00M | $229.00M | $1.49B | $310.00M |
Sep 30, 2025 | $1.26B | $4.44B | $832.00M | $262.00M | $734.00M | $288.00M |
Jun 30, 2025 | $1.14B | $3.62B | $681.00M | $220.00M | $979.00M | $335.00M |
Mar 31, 2025 | $1.22B | $3.38B | $744.00M | $242.00M | $1.84B | $349.00M |
Dec 31, 2024 | $963.00M | $3.03B | $512.00M | $265.00M | $1.24B | $331.00M |
Sep 30, 2024 | $1.18B | $4.19B | $721.00M | $222.00M | $682.00M | $283.00M |
Jun 30, 2024 | $1.06B | $3.42B | $627.00M | $210.00M | $831.00M | $309.00M |
Mar 31, 2024 | $1.01B | $2.93B | $571.00M | $199.00M | $1.71B | $228.00M |