The Southern Company(MPPRD) and its subsidiary compa nies have released their unaudited condensed consolidated financial statements for the three months ended June 30, 2023. The report shows that the company recorded a consolidated net income of $838 million for the second quarter, a decrease from the previous year's net income of $1.1 billion. Operating revenues for the quarter were reported at $5.7 billion, compared to $7.2 billion during the same period last year.
During the second quarter of 2023, The Southern Company reported a consolidated net income of $838 million. This figure represents a decrease compared to the net income of $1.1 billion recorded during the same period in 2022.
Revenue
Operating revenues for The Southern Company during the second quarter of 2023 amounted to $5.7 billion. This revenue figure includes retail electric revenues of $3.9 billion, wholesale electric revenues of $605 million, other electric revenues of $209 million, natural gas revenues of $852 million, and other revenues of $223 million.
Introduction
The Southern Company and its subsidiary companies have reported their unaudited condensed consolidated financial statements for the three months ended June 30, 2023. Despite a decrease in net income, the company's operating revenues remain substantial at $5.7 billion. During the second quarter, The Southern Company recorded a net income of $838 million, down from $1.1 billion in the same period last year. However, the company's operating revenues during this quarter were reported at $5.7 billion, showing resilience despite challenging market conditions.