Southern Company (SO) Q3 2025 10-Q Quarterly Report

Filed: Oct 30, 2025Period ending Sep 30, 2025
Utilities
Electric ServicesSEC EDGAR

Southern Company (SO) 10-Q quarterly report for Q3 2025, filed with SEC EDGAR on Oct 30, 2025 for the fiscal period ending Sep 30, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.

Southern Company Q3 2025 10-Q Analysis

Management Discussion & Analysis

  • No quarterly revenue or YoY change disclosed in excerpt
  • No profitability or margin figures reported in excerpt
  • No segment or product line performance data included
  • Current liabilities exceeded current assets by $4.1B at Southern Company and $696M at Georgia Power at 9/30/25
  • Unused committed bank credit totaled $8.9B at 9/30/25, supporting liquidity and debt remarketing programs
  • Management expects to meet capital needs via operating cash flows, external financing, and equity contributions
  • Nicor Gas restricted to $1.8B dividend capacity from retained earnings, not affecting cash obligations
  • Planned refinancing of maturing long-term debt, with variable and fixed rate bonds subject to remarketing

Risk Factors

  • No new or modified risk factors disclosed in Q3 2025, no material changes from most recent 10-K risk factors
  • Material update: Issuance of multiple senior notes in 2025, including 4.30% Series 2025C due 2031 and 5.50% Series 2025E due 2055, increasing debt obligations
  • Regulatory risk: Compliance with Sarbanes-Oxley Act Section 302 and 906 certifications maintained by executives across subsidiaries, ensuring internal controls compliance
  • Operational risk: No new trading arrangement adoptions, reflecting consistent insider trading policies under Rule 10b5-1 through Q3 2025
  • Financial risk: Issuance of senior notes across subsidiaries with coupon rates from 4.00% to 5.10%, maturities ranging 2028 to 2055, impacting liquidity and debt maturity profile

Southern Company Q3 2025 Quarterly Financials
XBRL

Revenue

$7.8B

+7.6% YoY +12.2% QoQ

Net Income

$1.7B

+11.5% YoY +94.4% QoQ

Net Margin

21.9%

+77bp YoY +925bp QoQ

Source: XBRL data from Southern Company Q3 2025 10-Q filing on SEC EDGAR. All figures in USD.

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