Document


Exhibit 99.05

Southern Company
Consolidated Earnings
As Reported
(In Millions of Dollars)

	Three Months Ended March
		2023		2022		Change
Retail Electric Revenues-
Fuel		$	1,050	$	1,014	$	36
Non-Fuel		2,549		2,599		(50)
Wholesale Electric Revenues		599		664		(65)
Other Electric Revenues		190		177		13
Natural Gas Revenues		1,875		2,058		(183)
Other Revenues		217		136		81
Total Operating Revenues		6,480		6,648		(168)
Fuel and Purchased Power		1,292		1,343		(51)
Cost of Natural Gas		898		1,095		(197)
Cost of Other Sales		127		69		58
Non-Fuel O&M		1,482		1,516		(34)
Depreciation and Amortization		1,111		892		219
Taxes Other Than Income Taxes		394		372		22


Gain on Dispositions, net		(42)		(23)		(19)
Total Operating Expenses		5,262		5,264		(2)
Operating Income		1,218		1,384		(166)
Allowance for Equity Funds Used During Construction		65		51		14
Earnings from Equity Method Investments		48		46		2
Interest Expense, Net of Amounts Capitalized		582		462		120

Other Income (Expense), net		147		145		2
Income Taxes		97		173		(76)
Net Income		799		991		(192)
Dividends on Preferred Stock of Subsidiaries		—		4		(4)
Net Loss Attributable to Noncontrolling Interests		(63)		(45)		(18)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY		$	862	$	1,032	$	(170)