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Southern Company Rises 1.2% as Q3 Earnings and Revenue Climb

Southern Company (NYSE: SO) shares rose about 1.2% after the utility reported higher third-quarter earnings and double-digit revenue growth.

Third-quarter earnings increased to $2.0 billion, or $1.77 per share, from $1.7 billion, or $1.55 per share, a year earlier. Excluding certain items, adjusted EPS rose to $1.94 from $1.60.

Operating revenue increased 13% year over year to $8.8 billion, while nine-month revenue rose 7.3% to $24.2 billion.

Southern said adjusted earnings benefited from warmer weather, higher electricity usage, customer growth, stronger demand from large commercial and industrial customers, and higher earnings from Southern Power. These gains were partly offset by higher operating costs, taxes and share dilution.

The 1.2% share gain appears to reflect solid earnings growth and stronger demand across the Southeast, particularly from large commercial and industrial customers.
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Author
The Investor 11-05-26

Dividend Growth Stocks: Southern Company (SO) Dividend Stock Analysis

Your source for finding the best dividend growth stocks

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Author
Global Finance News 02-14-26
Southern Company Announces $1.25 Billion Convertible Notes Offering Due 2028

Southern Company (NYSE: SO) has launched a $1.25 billion private placement of convertible senior notes due June 15, 2028, offered to qualified institutional buyers under Rule 144A. An additional $200 million may be offered if underwriters exercise their option within 13 days of issuance.

These unsecured notes will bear interest payable semiannually and are convertible into cash, shares, or a mix of both under specific conditions. Full conversion rights begin after March 15, 2028. Final pricing terms, including the interest rate and conversion price, will be determined at issuance.

Use of Proceeds:
• Partially repurchase Southern’s Series 2023A (3.875%) and Series 2024A (4.5%) Convertible Senior Notes
• Repay outstanding commercial paper borrowings
• Support general corporate purposes, including potential investments in subsidiaries

Repurchase negotiations with existing noteholders will be privately arranged and may trigger market activity, including closing short positions or derivative adjustments. This could influence the market price of Southern’s stock and the effective conversion price of the new notes.
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Author
WS Investor 05-21-25
Walt Farrell Named CEO of Atlanta Gas Light and Chattanooga Gas

Southern Company Gas has appointed Walt Farrell as president and CEO of Atlanta Gas Light and Chattanooga Gas, effective March 31, 2025. He will lead operations serving 1.8 million natural gas customers across Georgia and Tennessee.

Farrell, currently VP of economic development at Georgia Power, brings extensive experience in business recruitment and community engagement. Under his leadership, Georgia Power earned top national rankings in economic development.

He succeeds in this role as a well-regarded leader with deep ties to Georgia’s economic growth efforts and a strong track record in public-private partnerships.
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Author
The Investor 03-24-25
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.
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Author
WS News 02-20-25
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08-26-26Global Finance News