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The Southern Company  (SO)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities


The Southern's Effective Tax Rate by quarter

Trends, Rankings, Statistics



SO Effective Tax Rate (Jun 30 2023)
II. Quarter
(Dec 31 2022)
IV. Quarter
(Sep 30 2021)
III. Quarter
(Jun 30 2021)
II. Quarter
(Mar 31 2021)
I. Quarter
Y / Y Pre-Tax Income Change -28.99 % 250.65 % -5.96 % -41.85 % 31.54 %
Seq. Pre-Tax Income Change -14.72 % -27.13 % 307.14 % -71.94 % 321.1 %
Pre-Tax Income In Millions $921.00 $1,080.00 $1,482.00 $364.00 $1,297.00
Effective Tax Rate 10.64 % 22.69 % 25.1 % -3.3 % 14.65 %
Effective Tax Rate Total Ranking # 1268 # # # # 1
Income taxes expenses / -benefit In Millions $98.00 $245.00 $372.00 $-12.00 $190.00
Y / Y Income taxes expenses / -benefit Change -48.42 % - 26.96 % - 31.03 %
Seq. Income taxes expenses / -benefit Change -60 % -34.14 % - - -


Commenting Second Quarter 2023 Effective Tax Rate
Company's effective tax rate in II. Quarter decreased compare to previous quarter to 10.64 %, below company's average Effective Tax Rate.

Looking into II. Quarter results within Electric Utilities industry 24 other companies have achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from to 1268.

SO's Effective Tax Rate second quarter 2023 Company Ranking
Within: No.
Electric Utilities Industry # 25
Utilities Sector # 57
Overall # 1264

SO's Effective Tax Rate Statistics
High Average Low
53.91 % 28.19 % 0.8 %
(March 31, 2009)   (Jun 30 2020)




Other Effective Tax Rate Profitability Ratios
SO's Cumulative Effective Tax Rate
Electric Utilities Industry Effective Tax Rate Trends and Statistics
Utilities Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
SO's Effective Tax Rate Profitability versus Electric Utilities Industry, Utilities Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for SO's Competitors
Effective Tax Rate Profit Margin for The Southern's Suppliers
Effective Tax Rate Profit Margin for SO's Customers

You may also want to know
SO's Annual Growth Rates SO's Profitability Ratios SO's Asset Turnover Ratio SO's Dividend Growth
SO's Roe SO's Valuation Ratios SO's Financial Strength Ratios SO's Income taxes expenses / -benefit Growth
SO's Roa SO's Inventory Turnover Ratio SO's Growth Rates SO's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Jun 30 2023, within Electric Utilities Industry Effective Tax RateJun 30 2023 MRQ Income taxes expenses / -benefitJun 30 2023 MRQ Pre-Tax Income
Constellation Energy Corporation  29.21 %$ 342.000 $ 1,171.000 
Entergy Corporation  25.59 %$ 134.796 $ 526.810 
Altus Power Inc   25.09 %$ 1.129 $ 4.499 
Altc Acquisition Corp   24.57 %$ 1.232 $ 5.014 
Genie Energy Ltd   24.11 %$ 3.865 $ 16.031 
Itc Holdings Corp   23.87 %$ 37.000 $ 155.000 
Wisconsin Electric Power Company  23.46 %$ 34.300 $ 146.200 
Nisource Inc   23.34 %$ 14.100 $ 60.400 
Ppl Corporation  22.76 %$ 33.000 $ 145.000 
Firstenergy Corp  22.56 %$ 74.000 $ 328.000 
Nrg Energy inc  22.42 %$ 89.000 $ 397.000 
Via Renewables Inc   21.54 %$ 5.240 $ 24.326 
Clearway Energy Inc   20.75 %$ 22.000 $ 106.000 
Hawaiian Electric Industries Inc   20.59 %$ 14.284 $ 69.367 
Public Service Enterprise Group Incorporated  20.56 %$ 153.000 $ 744.000 
Vistra Corp   20.53 %$ 123.000 $ 599.000 
Clean Earth Acquisitions Corp   20.45 %$ 0.349 $ 1.708 
Portland General Electric Company  20.41 %$ 10.000 $ 49.000 
Wisconsin Public Service Corporation  20.27 %$ 16.300 $ 80.400 
Otter Tail Corporation  19.66 %$ 20.062 $ 102.031 
Mge Energy Inc   19.36 %$ 6.886 $ 35.567 
Cms energy Corporation  17.83 %$ 41.000 $ 230.000 
Nextera Energy Partners Lp  17.59 %$ 19.000 $ 108.000 
Exelon Corporation  17.55 %$ 73.000 $ 416.000 
Dominion Energy Inc   17.11 %$ 121.000 $ 707.000 
Nextera Energy Inc  16.24 %$ 497.000 $ 3,061.000 
Avangrid Inc   15.00 %$ 9.000 $ 60.000 
Dte Energy Co  14.47 %$ 34.000 $ 235.000 
Oge Energy Corp   14.34 %$ 14.800 $ 103.200 
Wec Energy Group Inc   14.33 %$ 48.500 $ 338.500 




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