Southern Company reported fourth-quarter 2024 earnings of $534 million, or 49 cents per share, down from $855 million, or 78 cents per share, in the same period of 2023. Full-year earnings increased to $4.4 billion, or $4.02 per share, compared to $4.0 billion, or $3.64 per share, in 2023.

Excluding certain items, adjusted earnings for the fourth quarter were $544 million, or 50 cents per share, down from $700 million, or 64 cents per share, in the prior-year period. Full-year adjusted earnings were $4.4 billion, or $4.05 per share, up from $4.0 billion, or $3.65 per share, in 2023.

The increase in full-year earnings was driven by higher utility revenues, partially offset by increased non-fuel operations and maintenance expenses, interest expenses, depreciation, and income taxes. Fourth-quarter operating revenues rose 4.9% to $6.3 billion, while full-year revenues increased 5.8% to $26.7 billion.

CEO Christopher C. Womack credited the company's strong performance to the dedication of its employees and emphasized a commitment to sustainable energy solutions to meet growing demand. Earnings slides, financial updates, and earnings guidance are available on the company’s investor website, with a financial analyst call scheduled to discuss results and future plans.