Exhibit 99.07 | |||||||||||||||||||||||
Southern Company | |||||||||||||||||||||||
Financial Overview | |||||||||||||||||||||||
As Reported | |||||||||||||||||||||||
(In Millions of Dollars) | |||||||||||||||||||||||
Three Months Ended September | Year-to-Date September | ||||||||||||||||||||||
2019 | 2018 | % Change | 2019 | 2018 | % Change | ||||||||||||||||||
Southern Company1 – | |||||||||||||||||||||||
Operating Revenues | $ | 5,995 | $ | 6,159 | (2.7 | )% | $ | 16,505 | $ | 18,158 | (9.1 | )% | |||||||||||
Earnings Before Income Taxes | 1,712 | 1,845 | (7.2 | )% | 6,207 | 2,629 | 136.1 | % | |||||||||||||||
Net Income Available to Common | 1,316 | 1,164 | 13.1 | % | 4,298 | 1,948 | 120.6 | % | |||||||||||||||
Alabama Power – | |||||||||||||||||||||||
Operating Revenues | $ | 1,841 | $ | 1,740 | 5.8 | % | $ | 4,762 | $ | 4,716 | 1.0 | % | |||||||||||
Earnings Before Income Taxes | 617 | 504 | 22.4 | % | 1,288 | 1,140 | 13.0 | % | |||||||||||||||
Net Income Available to Common | 469 | 373 | 25.7 | % | 982 | 857 | 14.6 | % | |||||||||||||||
Georgia Power – | |||||||||||||||||||||||
Operating Revenues | $ | 2,755 | $ | 2,593 | 6.2 | % | $ | 6,706 | $ | 6,601 | 1.6 | % | |||||||||||
Earnings Before Income Taxes | 1,094 | 926 | 18.1 | % | 2,064 | 833 | 147.8 | % | |||||||||||||||
Net Income Available to Common | 839 | 664 | 26.4 | % | 1,598 | 621 | 157.3 | % | |||||||||||||||
Mississippi Power – | |||||||||||||||||||||||
Operating Revenues | $ | 370 | $ | 358 | 3.4 | % | $ | 970 | $ | 956 | 1.5 | % | |||||||||||
Earnings Before Income Taxes | 80 | 61 | 31.1 | % | 166 | 110 | 50.9 | % | |||||||||||||||
Net Income Available to Common | 65 | 47 | 38.3 | % | 139 | 86 | 61.6 | % | |||||||||||||||
Southern Power1 – | |||||||||||||||||||||||
Operating Revenues | $ | 574 | $ | 635 | (9.6 | )% | $ | 1,527 | $ | 1,699 | (10.1 | )% | |||||||||||
Earnings Before Income Taxes | 130 | 108 | 20.4 | % | 301 | 96 | 213.5 | % | |||||||||||||||
Net Income Available to Common | 86 | 92 | (6.5 | )% | 316 | 235 | 34.5 | % | |||||||||||||||
Southern Company Gas1 – | |||||||||||||||||||||||
Operating Revenues | $ | 498 | $ | 492 | 1.2 | % | $ | 2,661 | $ | 2,861 | (7.0 | )% | |||||||||||
Earnings (Loss) Before Income Taxes | (51 | ) | 362 | (114.1 | )% | 408 | 769 | (46.9 | )% | ||||||||||||||
Net Income (Loss) Available to Common | (29 | ) | 46 | (163.0 | )% | 347 | 294 | 18.0 | % | ||||||||||||||
Notes | |||||||||||||||||||||||
- See Financial Highlights pages for discussion of certain significant items occurring during the periods presented. | |||||||||||||||||||||||
(1) | Financial comparisons to the prior year were impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company’s ownership interest in (a) Plants Oleander and Stanton on December 4, 2018 and (b) Plant Nacogdoches on June 13, 2019; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) Southern Company's disposition of Gulf Power Company on January 1, 2019. |
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8-K Filing
Alabama Power (ALP-PQ) 8-KResults of Operations and Financial Condition
Filed: 30 Oct 19, 7:06am