SO's Growth Comparisons in I. Quarter 2026
The Southern's Revenue slowed to the 8% year on year, improvement in the first quarter 2026 to 8.40 billions, underperforming the 13.39% rise in the Electric Utilities industry and 12.58% Revenue improvement in the Utilities sector. Although both, the Electric Utilities industry and the Utilities sector posted higher gains than 10.9% overall market increase, The Southern was trailing overall market in the first quarter.
Company's sequential top-line increase was 20.28% from the fourth quarter. Average annual sales rise for The Southern is 7.72%, while S & P 500's average yearly sales growth is 10.59% over the five years, including only Businesses with the first quarter 2026 Results.
| Segment Name |
Y / Y |
Sequential |
| Residential |
|
21.66 % |
- |
| Commercial |
|
27.14 % |
- |
| Industrial |
|
33.33 % |
- |
| Other |
|
-25 % |
- |
| Retail electric revenues |
|
0.35 % |
- |
| Natural gas distribution revenues |
|
19.62 % |
- |
| Transportation |
|
8.37 % |
- |
| Wholesale electric revenues |
|
15.59 % |
- |
| PPA energy revenues |
|
19.52 % |
- |
| PPA capacity revenues |
|
0 % |
- |
| Non-PPA revenues |
|
25.35 % |
- |
| Other natural gas revenues |
|
9.23 % |
- |
| Gas marketing services |
|
9.77 % |
- |
| Other revenues |
|
0 % |
- |
| Other revenue sources |
|
94.02 % |
- |
| ALABAMA POWER CO |
|
3.98 % |
- |
| ALABAMA POWER CO Residential |
|
-3.98 % |
- |
| ALABAMA POWER CO Commercial |
|
-1.04 % |
- |
| ALABAMA POWER CO Industrial |
|
6.15 % |
- |
| ALABAMA POWER CO Other |
|
0 % |
- |
| ALABAMA POWER CO Retail electric revenues |
|
-0.77 % |
- |
| ALABAMA POWER CO Wholesale electric revenues |
|
21.19 % |
- |
| ALABAMA POWER CO PPA energy revenues |
|
-14.81 % |
- |
| ALABAMA POWER CO PPA capacity revenues |
|
-35.71 % |
- |
| ALABAMA POWER CO Non-PPA revenues |
|
72.46 % |
- |
| ALABAMA POWER CO Other revenues |
|
-6.02 % |
- |
| ALABAMA POWER CO Other revenue sources |
|
67.35 % |
- |
| GEORGIA POWER CO |
|
3.46 % |
- |
| GEORGIA POWER CO Residential |
|
-3.04 % |
- |
| GEORGIA POWER CO Commercial |
|
4.64 % |
- |
| GEORGIA POWER CO Industrial |
|
-1.35 % |
- |
| GEORGIA POWER CO Other |
|
-3.85 % |
- |
| GEORGIA POWER CO Retail electric revenues |
|
0.22 % |
- |
| GEORGIA POWER CO Wholesale electric revenues |
|
15.15 % |
- |
| GEORGIA POWER CO PPA energy revenues |
|
-23.81 % |
- |
| GEORGIA POWER CO PPA capacity revenues |
|
12.82 % |
- |
| GEORGIA POWER CO Non-PPA revenues |
|
388.89 % |
- |
| GEORGIA POWER CO Other revenues |
|
2.61 % |
- |
| GEORGIA POWER CO Other revenue sources |
|
- |
- |
| MISSISSIPPI POWER CO |
|
12.38 % |
- |
| MISSISSIPPI POWER CO Residential |
|
8.11 % |
- |
| MISSISSIPPI POWER CO Commercial |
|
9.33 % |
- |
| MISSISSIPPI POWER CO Industrial |
|
11.11 % |
- |
| MISSISSIPPI POWER CO Other |
|
50 % |
- |
| MISSISSIPPI POWER CO Retail electric revenues |
|
9.91 % |
- |
| MISSISSIPPI POWER CO Wholesale electric revenues |
|
25.97 % |
- |
| MISSISSIPPI POWER CO PPA energy revenues |
|
33.33 % |
- |
| MISSISSIPPI POWER CO PPA capacity revenues |
|
23.53 % |
- |
| MISSISSIPPI POWER CO Non-PPA revenues |
|
26.12 % |
- |
| MISSISSIPPI POWER CO Other revenues |
|
-25 % |
- |
| MISSISSIPPI POWER CO Other revenue sources |
|
-42.86 % |
- |
| SOUTHERN POWER CO |
|
20.11 % |
- |
| SOUTHERN POWER CO Wholesale electric revenues |
|
21.26 % |
- |
| SOUTHERN POWER CO PPA energy revenues |
|
38.03 % |
- |
| SOUTHERN POWER CO PPA capacity revenues |
|
1.22 % |
- |
| SOUTHERN POWER CO Non-PPA revenues |
|
-29.03 % |
- |
| SOUTHERN POWER CO Other revenues |
|
0 % |
- |
| SOUTHERN POWER CO Other revenue sources |
|
17.04 % |
- |
| SOUTHERN Co GAS |
|
19.25 % |
- |
| SOUTHERN Co GAS Natural gas distribution revenues |
|
19.62 % |
- |
| SOUTHERN Co GAS Residential |
|
21.66 % |
- |
| SOUTHERN Co GAS Commercial |
|
27.14 % |
- |
| SOUTHERN Co GAS Transportation |
|
8.37 % |
- |
| SOUTHERN Co GAS Industrial |
|
33.33 % |
- |
| SOUTHERN Co GAS Other |
|
-25 % |
- |
| SOUTHERN Co GAS Other natural gas revenues |
|
9.23 % |
- |
| SOUTHERN Co GAS Gas marketing services |
|
9.77 % |
- |
| SOUTHERN Co GAS Other revenue sources |
|
- |
- |
| Traditional Electric Companies Wholesale revenues affiliates SOUTHERN POWER CO |
|
-13.79 % |
- |
| Electric Utilities |
|
4.64 % |
- |
| Traditional Electric Companies |
|
3.22 % |
- |
| Eliminations |
|
- |
- |
| Eliminations SOUTHERN Co GAS |
|
- |
- |
| Eliminations Electric Utilities |
|
- |
- |
| All Other |
|
-4.8 % |
- |
| All Other SOUTHERN Co GAS |
|
-50 % |
- |
| Reportable ALABAMA POWER CO |
|
3.98 % |
- |
| Reportable GEORGIA POWER CO |
|
3.46 % |
- |
| Reportable MISSISSIPPI POWER CO |
|
12.38 % |
- |
| Reportable SOUTHERN POWER CO |
|
20.11 % |
- |
| Electric Utilities Eliminations |
|
- |
- |
| Gas distribution operations SOUTHERN Co GAS |
|
21.02 % |
- |
| Gas Pipeline Investments SOUTHERN Co GAS |
|
0 % |
- |
| Gas marketing services SOUTHERN Co GAS |
|
9.2 % |
- |
| Total |
|
- |
- |
Although the Electric Utilities industry saw advancing EPS by 28.19%, The Southern announced -0.83% year on year income per share decline in the first quarter, to $ 1.20, and underperformed the 5.03% EPS growth in the Utilities sector. Weak first quarter income per share, in Electric Utilities industry and within the Utilities sector, were reflected in The Southern Company results which underperformed overall market.
The Company's sequential EPS growth rate was very impressive 215.79% from the fourth quarter. Average yearly income per share growth for The Southern is 5.99%, while S & P 500's average annual income per share growth is 22.96% over the five years, including only Businesses with the first quarter 2026 earnings results.