Segment and Related Information (Tables)

3 Months Ended

Mar. 31, 2024

Financial data for business segments and products and services for the three months ended March 31, 2024 and 2023 was as follows:


	Electric Utilities
	Traditional Electric Operating Companies		Southern Power		Eliminations		Total		Southern Company Gas		All Other		Eliminations		Consolidated
	(in millions)



Three Months Ended March 31, 2024
Operating revenues	$	4,438	$	473	$	(96)	$	4,815	$	1,707	$	161	$	(37)	$	6,646
Segment net income (loss)(a)	819		96		—		915		409		(187)		(8)		1,129
At March 31, 2024
Goodwill	$	—	$	2	$	—	$	2	$	5,015	$	144	$	—	$	5,161
Total assets	101,130		12,662		(471)		113,321		25,091		2,472		(764)		140,120



Three Months Ended March 31, 2023
Operating revenues	$	4,113	$	508	$	(138)	$	4,483	$	1,875	$	166	$	(44)	$	6,480
Segment net income (loss)(a)(b)	610		102		—		712		309		(154)		(5)		862
At December 31, 2023
Goodwill	$	—	$	2	$	—	$	2	$	5,015	$	144	$	—	$	5,161
Total assets	100,429		12,761		(545)		112,645		25,083		2,446		(843)		139,331

(a)Attributable to Southern Company.

(b)For Southern Power, includes a $16 million pre-tax gain ($12 million after tax) on the sale of spare parts.

Products and Services


	Electric Utilities' Revenues
	Retail		Wholesale		Other		Total
	(in millions)


Three Months Ended March 31, 2024	$	3,941	$	571	$	303	$	4,815
Three Months Ended March 31, 2023	3,599		599		285		4,483


	Southern Company Gas' Revenues
	Gas Distribution Operations		Gas Marketing Services		Other		Total
	(in millions)


Three Months Ended March 31, 2024	$	1,459	$	235	$	13	$	1,707
Three Months Ended March 31, 2023	1,610		246		19		1,875

Business segment financial data for the three months ended March 31, 2024 and 2023 was as follows:


	Gas Distribution Operations		Gas Pipeline Investments		Gas Marketing Services		Total		All Other		Eliminations		Consolidated
	(in millions)



Three Months Ended March 31, 2024
Operating revenues	$	1,463	$	8	$	235	$	1,706	$	6	$	(5)	$	1,707
Segment net income	302		30		65		397		12		—		409
Total assets at March 31, 2024	23,017		1,557		1,677		26,251		9,798		(10,958)		25,091



Three Months Ended March 31, 2023
Operating revenues	$	1,618	$	8	$	246	$	1,872	$	12	$	(9)	$	1,875
Segment net income	221		31		50		302		7		—		309
Total assets at December 31, 2023	22,906		1,534		1,615		26,055		9,675		(10,647)		25,083


	Electric Utilities' Revenues
	Retail		Wholesale		Other		Total
	(in millions)


Three Months Ended March 31, 2024	$	3,941	$	571	$	303	$	4,815
Three Months Ended March 31, 2023	3,599		599		285		4,483


	Southern Company Gas' Revenues
	Gas Distribution Operations		Gas Marketing Services		Other		Total
	(in millions)


Three Months Ended March 31, 2024	$	1,459	$	235	$	13	$	1,707
Three Months Ended March 31, 2023	1,610		246		19		1,875