Alabama Power (ALP-PQ) 8-K Results of Operations and Financial Condition

Exhibit 99.07
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
	Three Months Ended September						Year-to-Date September
	2020		2019		% Change		2020		2019		% Change
Southern Company1, 2 –
Operating Revenues	$	5,620	$	5,995	(6.3)	%	$	15,258	$	16,505	(7.6)	%
Earnings Before Income Taxes	1,576		1,712		(7.9)	%	3,189		6,207		(48.6)	%
Net Income Available to Common	1,251		1,316		(4.9)	%	2,732		4,298		(36.4)	%
Alabama Power –
Operating Revenues	$	1,729	$	1,841	(6.1)	%	$	4,445	$	4,762	(6.7)	%
Earnings Before Income Taxes	578		617		(6.3)	%	1,340		1,288		4.0	%
Net Income Available to Common	444		469		(5.3)	%	1,022		982		4.1	%
Georgia Power –
Operating Revenues	$	2,617	$	2,755	(5.0)	%	$	6,371	$	6,706	(5.0)	%
Earnings Before Income Taxes	945		1,094		(13.6)	%	1,609		2,064		(22.0)	%
Net Income Available to Common	773		839		(7.9)	%	1,411		1,598		(11.7)	%
Mississippi Power –
Operating Revenues	$	336	$	370	(9.2)	%	$	895	$	970	(7.7)	%
Earnings Before Income Taxes	79		80		(1.3)	%	158		166		(4.8)	%
Net Income Available to Common	67		65		3.1	%	138		139		(0.7)	%
Southern Power2 –
Operating Revenues	$	523	$	574	(8.9)	%	$	1,337	$	1,527	(12.4)	%
Earnings Before Income Taxes	116		130		(10.8)	%	242		301		(19.6)	%
Net Income Available to Common	74		86		(14.0)	%	212		316		(32.9)	%
Southern Company Gas –
Operating Revenues	$	477	$	498	(4.2)	%	$	2,362	$	2,661	(11.2)	%
Earnings (Loss) Before Income Taxes	17		(51)		N/M		458		408		12.3	%
Net Income (Loss) Available to Common	14		(29)		N/M		360		347		3.7	%

N/M - Not meaningful

Notes

- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.

(1)Year-to-date earnings comparisons to the prior year were significantly impacted by the preliminary gain associated with the sale of Gulf Power Company on January 1, 2019.

(2)Earnings and revenue comparisons to the prior year were significantly impacted by Southern Power Company's dispositions of Plant Nacogdoches on June 13, 2019 and Plant Mankato on January 17, 2020.