Document


Exhibit 99.05

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

	Three Months Ended December						Year-To-Date December
	2023		2022		Change		2023		2022		Change
Retail Electric Revenues-
Fuel	$	1,018	$	1,460	$	(442)	$	4,430	$	6,402	$	(1,972)
Non-Fuel	2,728		2,374		354		11,913		11,795		118
Wholesale Electric Revenues	537		843		(306)		2,467		3,641		(1,174)
Other Electric Revenues	190		193		(3)		792		747		45
Natural Gas Revenues	1,285		1,964		(679)		4,702		5,962		(1,260)
Other Revenues	287		213		74		949		732		217
Total Operating Revenues	6,045		7,047		(1,002)		25,253		29,279		(4,026)
Fuel and Purchased Power	1,192		1,894		(702)		5,248		8,428		(3,180)
Cost of Natural Gas	445		1,164		(719)		1,644		3,004		(1,360)
Cost of Other Sales	179		121		58		560		396		164
Non-Fuel O&M	1,741		2,005		(264)		6,093		6,573		(480)
Depreciation and Amortization	1,160		935		225		4,525		3,663		862
Taxes Other Than Income Taxes	349		338		11		1,425		1,411		14
Estimated Loss on Plant Vogtle Units 3 and 4	(228)		201		(429)		(68)		183		(251)
Impairment Charges	—		251		(251)		—		251		(251)

Total Operating Expenses	4,838		6,909		(2,071)		19,427		23,909		(4,482)
Operating Income	1,207		138		1,069		5,826		5,370		456
Allowance for Equity Funds Used During Construction	68		61		7		268		224		44
Earnings from Equity Method Investments	34		42		(8)		144		151		(7)
Interest Expense, Net of Amounts Capitalized	634		561		73		2,446		2,022		424

Other Income (Expense), net	125		86		39		553		500		53
Income Taxes (Benefit)	4		(96)		100		496		795		(299)
Net Income (Loss)	796		(138)		934		3,849		3,428		421
Dividends on Preferred Stock of Subsidiaries	—		1		(1)		—		11		(11)
Net Loss Attributable to Noncontrolling Interests	(59)		(52)		(7)		(127)		(107)		(20)
NET INCOME (LOSS) ATTRIBUTABLE TO SOUTHERN COMPANY	$	855	$	(87)	$	942	$	3,976	$	3,524	$	452