Southern Company (SO) FY2025 10-K Annual Report
Southern Company (SO) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 19, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.
Southern Company FY2025 10-K Analysis
Business Overview
- • Core business model: Vertically integrated electric utilities serving Southeastern U.S. with wholesale and retail power plus natural gas distribution in four states
- • New emphasis on battery energy storage projects within Southern Power's power generation portfolio
Management Discussion & Analysis
- • No specific revenue or profit figures disclosed, focus on risks affecting costs and revenues from energy price and fuel cost volatility
- • Risk of under recovery of costs $880M storm damage recovery deferred for Hurricane Helene restoration at Georgia Power
Risk Factors
- • Regulatory risk: Alabama PSC approved retail rates stable through 2027, potential cost recovery limitations from 2028 onward
- • Macroeconomic threat: Rising infrastructure costs and capital expenditures pressure profitability of electric and gas utilities
Southern Company FY2025 Key Financial MetricsXBRL
Revenue
$29.6B
▲ +10.6% YoY
Net Income
$4.3B
▼ -1.4% YoY
Operating Margin
24.7%
▼ -180bp YoY
Net Margin
14.7%
▼ -178bp YoY
ROE
12.1%
▼ -120bp YoY
Total Assets
$155.7B
▲ +7.3% YoY
EPS (Diluted)
$3.92
▼ -1.8% YoY
Operating Cash Flow
$9.8B
▲ +0.1% YoY
Source: XBRL data from Southern Company FY2025 10-K filing on SEC EDGAR. All figures in USD.
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