Document


Exhibit 99.05

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

	Three Months Ended September						Year-To-Date September
	2023		2022		Change		2023		2022		Change
Retail Electric Revenues-
Fuel	$	1,356	$	2,320	$	(964)	$	3,412	$	4,942	$	(1,530)
Non-Fuel	3,783		3,641		142		9,185		9,421		(236)
Wholesale Electric Revenues	727		1,197		(470)		1,930		2,798		(868)
Other Electric Revenues	203		185		18		602		554		48
Natural Gas Revenues	689		857		(168)		3,417		3,998		(581)
Other Revenues	222		178		44		662		519		143
Total Operating Revenues	6,980		8,378		(1,398)		19,208		22,232		(3,024)
Fuel and Purchased Power	1,574		3,068		(1,494)		4,056		6,534		(2,478)
Cost of Natural Gas	102		294		(192)		1,199		1,840		(641)
Cost of Other Sales	126		92		34		381		275		106
Non-Fuel O&M	1,424		1,527		(103)		4,352		4,568		(216)
Depreciation and Amortization	1,143		922		221		3,365		2,728		637
Taxes Other Than Income Taxes	341		352		(11)		1,076		1,073		3
Estimated Loss on Plant Vogtle Units 3 and 4	160		(70)		230		160		(18)		178


Total Operating Expenses	4,870		6,185		(1,315)		14,589		17,000		(2,411)
Operating Income	2,110		2,193		(83)		4,619		5,232		(613)
Allowance for Equity Funds Used During Construction	66		59		7		200		163		37
Earnings from Equity Method Investments	32		28		4		110		109		1
Interest Expense, Net of Amounts Capitalized	620		511		109		1,812		1,461		351

Other Income (Expense), net	141		132		9		428		414		14
Income Taxes	297		414		(117)		492		891		(399)
Net Income	1,432		1,487		(55)		3,053		3,566		(513)
Dividends on Preferred Stock of Subsidiaries	—		3		(3)		—		10		(10)
Net Income (Loss) Attributable to Noncontrolling Interests	10		12		(2)		(68)		(55)		(13)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	1,422	$	1,472	$	(50)	$	3,121	$	3,611	$	(490)