Filing Flows › Southern (SO) › Q2 2026
Southern (SO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 30, 2026
Southern (SO) reported revenue of $7.0B for the second quarter 2026 (Q2 2026), +0.1% from a year earlier and -17% from the quarter before. Operating margin was 25.5%, net earnings $1.2B (16.8% of revenue).
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.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0B | -17% | +0.1% |
| Operating profit | $1.8B | -12% | +0.7% |
| Net earnings | $1.2B | -13% | +33% |
| Operating cash flow | $3.1B | +149% | +40% |
What changed
Revenue was $7.0B in Q2 2026, roughly flat year over year and down 17% from the previous quarter. Residential was the largest line at 29% of revenue. Transportation added $0.03B year over year (up 8%), 675% of the total change. Residential declined 10%.
Operating profit was $1.8B, a 25.5% margin (up 0.2 points year over year). Of the extra revenue versus Q2 2025, 300% reached operating profit, above the 25% margin then. Total costs fell 0% while revenue was flat. Net earnings were $1.2B, up 33% year over year. The effective tax rate was 13.6%.
Operating cash flow was $3.1B (up 40% year over year), 257% of net earnings. Non-cash charges added back $1.6B of depreciation and amortization. Working capital and other items added $0.27B. Capital expenditures of $3.7B exceeded it, leaving free cash flow of −$0.64B.
Questions
What was Southern's revenue in the second quarter 2026?
Southern (SO) reported revenue of $7.0B for the second quarter 2026 (Q2 2026), +0.1% from a year earlier and -17% from the quarter before.
Was Southern profitable in the second quarter 2026?
Operating profit was $1.8B (25.5% of revenue) and net earnings $1.2B.
Source: Southern 10-Q on SEC EDGAR.