Document


Exhibit 99.05

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

	Three Months Ended June						Year-To-Date June
	2023		2022		Change		2023		2022		Change
Retail Electric Revenues-
Fuel	$	1,006	$	1,608	$	(602)	$	2,056	$	2,622	$	(566)
Non-Fuel	2,853		3,181		(328)		5,402		5,780		(378)
Wholesale Electric Revenues	605		937		(332)		1,203		1,601		(398)
Other Electric Revenues	209		192		17		399		370		29
Natural Gas Revenues	852		1,083		(231)		2,728		3,140		(412)
Other Revenues	223		205		18		440		341		99
Total Operating Revenues	5,748		7,206		(1,458)		12,228		13,854		(1,626)
Fuel and Purchased Power	1,190		2,123		(933)		2,482		3,466		(984)
Cost of Natural Gas	199		452		(253)		1,097		1,546		(449)
Cost of Other Sales	128		114		14		255		183		72
Non-Fuel O&M	1,489		1,548		(59)		2,929		3,042		(113)
Depreciation and Amortization	1,112		913		199		2,222		1,805		417
Taxes Other Than Income Taxes	340		349		(9)		734		721		13
Estimated Loss on Plant Vogtle Units 3 and 4	—		52		(52)		—		52		(52)


Total Operating Expenses	4,458		5,551		(1,093)		9,719		10,815		(1,096)
Operating Income	1,290		1,655		(365)		2,509		3,039		(530)
Allowance for Equity Funds Used During Construction	70		53		17		135		104		31
Earnings from Equity Method Investments	29		34		(5)		78		80		(2)
Interest Expense, Net of Amounts Capitalized	610		488		122		1,192		950		242

Other Income (Expense), net	142		139		3		286		283		3
Income Taxes	98		304		(206)		194		477		(283)
Net Income	823		1,089		(266)		1,622		2,079		(457)
Dividends on Preferred Stock of Subsidiaries	—		4		(4)		—		7		(7)
Net Loss Attributable to Noncontrolling Interests	(15)		(22)		7		(78)		(67)		(11)
NET INCOME ATTRIBUTABLE TO SOUTHERN COMPANY	$	838	$	1,107	$	(269)	$	1,700	$	2,139	$	(439)