Filing Flows › Southern (SO) › Q3 2026 › vs Q3 2025
Southern (SO) Q3 2026 vs Q3 2025 (year over year)
Southern's revenue rose $1.0B (+13%) from $7.8B in Q3 2025 to $8.8B in Q3 2026. The biggest changes: Non-fuel +$690M (+16%); Fuel +$226M (+18%); Other revenues +$57.0M (+20%). Operating margin 33.9% against 33.2% (+0.8 pts).
Southern, Q3 2026: revenue $8.8B (+13% year over year), operating margin 33.9%, net earnings $2.0B. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 33.9% | 33.2% | +0.8 pts |
| Net margin | 23.1% | 21.9% | +1.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Non-fuel | $5.1B | $4.4B | $690M | +16% |
| Fuel | $1.5B | $1.3B | $226M | +18% |
| Wholesale electric revenues | $873M | $832M | $41.0M | +5% |
| Natural gas revenues | $773M | $734M | $39.0M | +5% |
| Other revenues | $345M | $288M | $57.0M | +20% |
| Other electric revenues | $229M | $262M | −$33.0M | -13% |
| Revenue | $8.8B | $7.8B | $1.0B | +13% |
| Operating profit | $3.0B | $2.6B | $406M | +16% |
| Costs & expenses | $5.8B | $5.2B | $614M | +12% |
| Pre-tax earnings | $2.5B | $2.1B | $435M | +21% |
| Other expense, net | $454M | $483M | −$29.0M | -6% |
| Net earnings | $2.0B | $1.7B | $335M | +20% |
| Minority interests | $28.0M | −$4.0M | $32.0M | — |
| Income tax | $472M | $404M | $68.0M | +17% |
Questions
How much did Southern's revenue grow year over year in Q3 2026?
Southern's revenue rose $1.0B (+13%) from $7.8B in Q3 2025 to $8.8B in Q3 2026.
What drove Southern's revenue change in Q3 2026?
Non-fuel +$690M (+16%); Fuel +$226M (+18%); Other revenues +$57.0M (+20%).