The Southern Company (SO) 8-K Results of Operations and Financial Condition

Exhibit 99.07
Southern Company
Financial Overview
As Reported
(In Millions of Dollars)
		Three Months Ended March
		2020		2019		% Change
Southern Company1, 2 –
Operating Revenues		$	5,018	$	5,412	(7.3	)%
Earnings Before Income Taxes		986		3,419		(71.2	)%
Net Income Available to Common		868		2,084		(58.3	)%
Alabama Power –
Operating Revenues		$	1,351	$	1,408	(4.0	)%
Earnings Before Income Taxes		368		283		30.0	%
Net Income Available to Common		280		217		29.0	%
Georgia Power –
Operating Revenues		$	1,825	$	1,833	(0.4	)%
Earnings Before Income Taxes		347		392		(11.5	)%
Net Income Available to Common		331		311		6.4	%
Mississippi Power –
Operating Revenues		$	277	$	287	(3.5	)%
Earnings Before Income Taxes		38		44		(13.6	)%
Net Income Available to Common		32		37		(13.5	)%
Southern Power2 –
Operating Revenues		$	375	$	443	(15.3	)%
Earnings Before Income Taxes		51		18		183.3	%
Net Income Available to Common		75		56		33.9	%
Southern Company Gas –
Operating Revenues		$	1,249	$	1,474	(15.3	)%
Earnings Before Income Taxes		354		347		2.0	%
Net Income Available to Common		275		270		1.9	%
Notes
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented.
(1)	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.