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Southern (SO) capital expenditures by quarter

Southern's capital expenditures were $3.7B in Q2 2026 (second quarter 2026), +26% from Q1 2026. Over the last 6 quarters it ranged from $2.4B (Q1 2025) to $4.3B (Q4 2025).

Southern capital expenditures by quarterSouthern capital expenditures by quarter$2.4BQ1 2025$2.8BQ2 2025$3.2BQ3 2025$4.3BQ4 2025$2.9BQ1 2026$3.7BQ2 2026
QuarterCapital expendituresQ/QY/Y
Q2 2026$3.7B+26%+32%
Q1 2026$2.9B-31%+21%
Q4 2025$4.3B+33%—
Q3 2025$3.2B+15%—
Q2 2025$2.8B+15%—
Q1 2025$2.4B——

Q2 2026 at a glance

Southern, Q2 2026: revenue $7.0B (+0.1% year over year), operating margin 25.5%, net earnings $1.2B, operating cash flow $3.1B. The chart follows the revenue to costs, profit and cash.

Questions

What is Southern's capital expenditures?

Southern's capital expenditures were $3.7B in Q2 2026 (second quarter 2026), +26% from Q1 2026.

How has Southern's capital expenditures changed?

Over the last 6 quarters it ranged from $2.4B (Q1 2025) to $4.3B (Q4 2025).

Q2 2026 results → · How Southern makes money →