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Midas Edge

ALABAMA POWER CO

For the period ended Jun 30, 2026. Filed Jul 30, 2026.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2026 · Filed Jul 30, 2026

SO$93.65+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Condensed Statements of Comprehensive Income

CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

For the Three Months Ended June 30,For the Six Months Ended June 30,
2026202520262025
(in millions) · (in millions)
Net Income$779$607$1,408$1,204
Other comprehensive income:
Qualifying hedges:
Changes in fair value, net of tax of $—, $1, $—, and $1, respectively—4—2
Reclassification adjustment for amounts included in net income, net of tax of $—, $—, $—, and $—, respectively———1
Total other comprehensive income—4—3
Comprehensive Income$779$611$1,408$1,207
For the Six Months Ended June 30,
20262025
(in millions)
Operating Activities:
Net income$1,408$1,204
Adjustments to reconcile net income to net cash provided from operating activities —
Depreciation and amortization, total1,1281,167
Deferred income taxes25238
Allowance for equity funds used during construction(201)(104)
Pension, postretirement, and other employee benefits(127)(128)
Settlement of asset retirement obligations(147)(149)
Storm damage cost recovery – long-term(139)(238)
Other, net(23)(39)
Changes in certain current assets and liabilities —
-Receivables(210)(270)
-Retail fuel cost under recovery210186
-Materials and supplies(132)16
-Other current assets(36)(11)
-Accounts payable48(396)
-Accrued taxes(207)(196)
-Other current liabilities(20)55
Net cash provided from operating activities1,5771,335
Investing Activities:
Property additions(4,233)(3,090)
Contributions in aid of construction14199
Nuclear decommissioning trust fund purchases(687)(507)
Nuclear decommissioning trust fund sales687507
Cost of removal, net of salvage(194)(152)
Other investing activities(26)(75)
Net cash used for investing activities(4,312)(3,218)
Financing Activities:
Increase in notes payable, net70285
Proceeds —
Senior notes1,3001,600
Short-term borrowings250200
FFB loan1,016—
Redemptions and repurchases —
Senior notes(325)(700)
Short-term borrowings(250)—
FFB loan(43)(43)
Other long-term debt(400)—
Capital contributions from parent company2,4631,671
Payment of common stock dividends(1,287)(1,105)
Other financing activities(46)(49)
Net cash provided from financing activities2,7481,859
Net Change in Cash, Cash Equivalents, and Restricted Cash13(24)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period59118
Cash, Cash Equivalents, and Restricted Cash at End of Period$72$94
Supplemental Cash Flow Information:
Cash paid during the period for —
Interest (net of $61 and $33 capitalized for 2026 and 2025, respectively)$392$341
Income taxes, net (excludes credit transfers)11825
Noncash transactions —
Accrued property additions at end of period1,050699
Right-of-use assets obtained under operating leases2328
Right-of-use assets obtained under finance leases1,40013
AssetsAt June 30, 2026At December 31, 2025
(in millions)
Current Assets:
Cash and cash equivalents$72$59
Receivables —
Customer accounts, net1,014993
Unbilled revenues577346
Under recovered retail fuel clause revenues161310
Joint owner accounts76195
Affiliated9596
Other accounts and notes12761
Fossil fuel stock364362
Materials and supplies1,130994
Regulatory assets – asset retirement obligations222222
Other regulatory assets500335
Other current assets288285
Total current assets4,6264,258
Property, Plant, and Equipment:
In service63,22659,458
Less: Accumulated provision for depreciation16,44215,957
Plant in service, net of depreciation46,78443,501
Nuclear fuel, at amortized cost626606
Construction work in progress8,2156,764
Total property, plant, and equipment55,62550,871
Other Property and Investments:
Nuclear decommissioning trusts, at fair value1,4571,405
Equity investments in unconsolidated subsidiaries3940
Miscellaneous property and investments229231
Total other property and investments1,7251,676
Deferred Charges and Other Assets:
Operating lease right-of-use assets, net of amortization8811,120
Deferred charges related to income taxes805660
Prepaid pension costs1,1801,099
Deferred under recovered retail fuel clause revenues151212
Regulatory assets – asset retirement obligations, deferred3,3603,382
Other regulatory assets, deferred4,0344,032
Other deferred charges and assets984767
Total deferred charges and other assets11,39511,272
Total Assets$73,371$68,077
Liabilities and Stockholder's EquityAt June 30, 2026At December 31, 2025
(in millions)
Current Liabilities:
Securities due within one year$1,548$1,370
Notes payable230160
Accounts payable —
Affiliated904992
Other1,7561,728
Customer deposits277267
Accrued taxes471678
Accrued interest236234
Accrued compensation217327
Operating lease obligations132170
Asset retirement obligations350360
Other regulatory liabilities2952
Other current liabilities346332
Total current liabilities6,4966,670
Long-term Debt22,85720,122
Deferred Credits and Other Liabilities:
Accumulated deferred income taxes4,9024,811
Deferred credits related to income taxes2,2072,225
Accumulated deferred ITCs461354
Employee benefit obligations192189
Operating lease obligations, deferred761960
Asset retirement obligations, deferred5,1935,167
Other deferred credits and liabilities682545
Total deferred credits and other liabilities14,39814,251
Total Liabilities43,75141,043
Common Stockholder's Equity (See accompanying statements)29,62027,034
Total Liabilities and Stockholder's Equity$73,371$68,077
Number ofCommonSharesIssuedCommonStockPaid-InCapitalRetainedEarningsAccumulatedOtherComprehensiveIncome (Loss)Total
(in millions)
Balance at December 31, 20249$398$19,708$3,562$13$23,681
Net income———596—596
Capital contributions from parent company——702——702
Other comprehensive income (loss)————(1)(1)
Cash dividends on common stock———(552)—(552)
Balance at March 31, 20259$398$20,410$3,606$12$24,426
Net income———607—607
Capital contributions from parent company——972——972
Other comprehensive income————44
Cash dividends on common stock———(553)—(553)
Other———1—1
Balance at June 30, 20259$398$21,382$3,661$16$25,457
Balance at December 31, 20259$398$22,416$4,204$16$27,034
Net income———628—628
Capital contributions from parent company——1,500——1,500
Cash dividends on common stock———(644)—(644)
Other———1—1
Balance at March 31, 20269$398$23,916$4,189$16$28,519
Net income———779—779
Capital contributions from parent company——965——965
Cash dividends on common stock———(643)—(643)
Balance at June 30, 20269$398$24,881$4,325$16$29,620
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.