Earnings summaries and quarterly performance for SOUTHERN.
Executive leadership at SOUTHERN.
Christopher Womack
Detailed
Chairman, President and Chief Executive Officer
CEO
DP
David Poroch
Detailed
Executive Vice President and Chief Financial Officer
JK
Jim Kerr
Detailed
Chairman, President and CEO, Southern Company Gas
KG
Kimberly Greene
Detailed
Chairman, President and CEO, Georgia Power
SC
Stan Connally
Detailed
Executive Vice President and Chief Operating Officer
Board of directors at SOUTHERN.
AE
Anthony Earley Jr.
Detailed
Lead Independent Director
DK
Dale Klein
Detailed
Director
DG
David Grain
Detailed
Director
DM
David Meador
Detailed
Director
DJ
Donald James
Detailed
Director
JA
Janaki Akella
Detailed
Director
JE
Jimmy Etheredge
Detailed
Director
JJ
John Johns
Detailed
Director
JM
John M. Turner Jr.
Detailed
Director
KS
Kristine Svinicki
Detailed
Director
LT
Lizanne Thomas
Detailed
Director
SC
Shantella Cooper
Detailed
Director
WS
William Smith Jr.
Detailed
Director
Research analysts who have asked questions during SOUTHERN earnings calls.
Carly Davenport
Goldman Sachs
4 questions for SO
Also covers: AEE, AEP, D +14 more
JT
Jeremy Tonet
JPMorgan Chase & Co.
4 questions for SO
Also covers: AEE, AEP, AM +45 more
Julien Dumoulin-Smith
Jefferies
4 questions for SO
Also covers: AEE, AEP, AES +54 more
DC
Durgesh Chopra
Evercore ISI
3 questions for SO
Also covers: AEE, AEP, AES +22 more
Nicholas Campanella
Barclays
3 questions for SO
Also covers: AEE, AEP, AES +32 more
TM
Travis Miller
Morningstar
3 questions for SO
Also covers: CMS, DTE, ES +10 more
AW
Andrew Weisel
Scotiabank
2 questions for SO
Also covers: AEP, BKH, CEG +13 more
AC
Anthony Crowdell
Mizuho Financial Group
2 questions for SO
Also covers: AEE, AEP, AES +30 more
DA
David Arcaro
Morgan Stanley
2 questions for SO
Also covers: AEP, AES, ATO +32 more
PF
Paul Fremont
Ladenburg Thalmann
2 questions for SO
Also covers: AEE, CNP, CPK +17 more
Angie Storozynski
Seaport Research Partners
1 question for SO
Also covers: AGR, AWK, CEG +8 more
Bill Appicelli
UBS
1 question for SO
Also covers: CNP, ETR, NEE +4 more
CD
Carlyle Davenport
Goldman Sachs
1 question for SO
PP
Paul Patterson
Glenrock Associates
1 question for SO
Also covers: AEE, ES, ETR +7 more
Ross Fowler
Bank of America
1 question for SO
Also covers: AEP, BKH, D +10 more
RL
Ryan Levine
Citigroup
1 question for SO
Also covers: AEP, AES, ATO +17 more
SP
Shahriar Pourreza
Guggenheim Partners
1 question for SO
Also covers: AEE, AEP, AVA +29 more
Steve Fleishman
Wolfe Research, LLC
1 question for SO
Also covers: AEP, CEG, CNP +11 more
Steven Fleishman
Wolfe Research
1 question for SO
Also covers: AEP, CEG, CNP +18 more
Recent press releases and 8-K filings for SO.
Southern Company celebrates 50 years of nuclear energy in Georgia
SO
New Projects/Investments
- Georgia’s nuclear fleet (Plants Hatch & Vogtle) provides approximately 25% of state electricity with a 94% capacity factor over the last decade.
- Plant Hatch Unit 1 marks 50 years of continuous operation since December 1975, with over 1.2 billion MWh generated to date.
- The Plant Vogtle expansion (Units 3 & 4), completed in May 2024, makes it the largest clean energy generator in the U.S., at 30 million MWh/year.
- Southern Nuclear filed for a 20-year license renewal for Hatch Units 1 & 2 in May 2025 to extend operations.
Dec 30, 2025, 2:38 PM
Southern’s Georgia Power plan approved to secure 9,900 MW and deliver customer savings
SO
New Projects/Investments
- The Georgia PSC approved Georgia Power’s plan to procure 9,900 MW of diverse generation resources to meet rising demand
- Incremental large-load customer revenue will yield $556 million in annual benefits, equating to $8.50/month (~$102/year) savings for a typical residential customer
- Planned resources include >3,600 MW of combined-cycle gas, >3,000 MW of battery storage, 350 MW of battery+solar, and >2,800 MW of power purchase agreements, with construction underway or pending
- The initiative underpins a three-year base rate freeze (excluding storm costs) amid record state investment of $26 billion and 23,000 new private-sector jobs in the last fiscal year
Dec 19, 2025, 6:26 PM
Georgia Power receives turbine and generator for Unit 9 at Plant Yates
SO
New Projects/Investments
- Georgia Power received the turbine and generator for the new Unit 9 simple-cycle gas turbine at Plant Yates; components for Unit 8 were delivered in August and Unit 10 components are expected in early 2026.
- The three approved combustion turbines (Units 8–10) will add 1,300 MW of capacity and are slated to be online by the end of 2027 to meet Georgia’s growing energy demand.
- Each Mitsubishi Power M501JAC turbine weighs ~350 tons (50 ft long, 18 ft wide), offers a ~30-minute start-up, can switch to oil if needed, and is paired with a 583 MVA, 99% efficient generator.
- Natural gas currently supplies 40% of Georgia Power’s annual generation, highlighting its central role in the company’s diversified energy mix.
Dec 15, 2025, 5:00 PM
Southern’s Georgia Power reaches agreement to cut customer rates and secure new capacity
SO
New Projects/Investments
- Georgia Power reached a stipulated agreement with the Georgia PSC’s Public Interest Advocacy Staff, with the PSC scheduled to vote this month, to deliver estimated savings of $102 per year for a typical residential customer using 1,000 kWh/month.
- Under the deal, when Georgia Power files its next base rate case in 2028, $556 million in incremental large-load revenue is expected to put downward pressure on rates by at least $8.50 per month.
- If approved, the company can procure approximately 9,900 MW of new resources—including 3,600 MW of combined-cycle gas, over 3,000 MW of battery storage, 350 MW of BESS + solar, and 2,800 MW of power purchase agreements—to meet rising demand.
- The agreement leverages large-load growth to sustain the current three-year base rate freeze (excluding storm costs), protecting residential and small business customers from higher fixed costs.
Dec 10, 2025, 1:02 PM
Southern Company underwrites 35 M equity units and issues $1 B remarketable notes
SO
Debt Issuance
Convertible Preferred Issuance
- Southern Company entered into an Underwriting Agreement for the initial sale of 35,000,000 Series A 2025 Equity Units, slated to close on November 3, 2025.
- The company also executed its Thirty-Sixth Supplemental Indenture to establish $1,000,000,000 of Series 2025C Remarketable Senior Notes due December 15, 2033.
- The Series 2025C notes bear an initial fixed interest rate of 4.15% per annum, payable quarterly, with rate resets upon successful remarketings under the indenture terms.
Nov 6, 2025, 8:31 PM
Southern Company announces pricing of 2025 Series A Equity Units
SO
Debt Issuance
Convertible Preferred Issuance
- Southern Company priced its offering of 35 million 2025 Series A Equity Units at $50 per unit for an aggregate stated amount of $1.75 billion, expected to close November 6, 2025.
- Each unit includes a stock purchase contract and undivided interests in remarketable senior notes due 2030 and 2033, with total annual distributions at 7.125%.
- Estimated net proceeds of $1.719 billion (or $1.965 billion if the 5 million-unit over-allotment option is exercised) will be used to repurchase Series 2023A and 2024A convertible notes and to repay other debt.
Nov 4, 2025, 4:21 AM
Southern Company announces equity units offering
SO
Convertible Preferred Issuance
- Southern Company plans to offer 35 million equity units at $50 each (aggregate $1.75 billion), with an underwriters’ option for an additional 5 million units.
- Each unit comprises a stock purchase contract and two 1/40 undivided interests in remarketable senior notes (each with $1,000 principal).
- Net proceeds will be used to repurchase Series 2023A 3.875% and Series 2024A 4.50% convertible senior notes, repay short-term debt, redeem $1.25 billion of Series 2020B 4.00% junior subordinated notes due January 15, 2051, and for general corporate purposes.
- BofA Securities, J.P. Morgan and Mizuho are acting as joint book-running managers for the offering.
Nov 3, 2025, 11:30 AM
Southern Company reports Q3 2025 results
SO
Earnings
Guidance Update
Debt Issuance
- Adjusted EPS of $1.60, beating estimates by $0.10 and up $0.17 YoY; Q4 guide of $0.54 implies full-year at the top of the $4.30 range
- Weather-normal retail electricity sales +1.8% YTD; Q3 commercial +3.5% and residential +2.7% growth versus 2024
- Issued $4 billion of long-term debt in Q3, fully satisfying 2025 financing needs; secured $7 billion of $9 billion equity requirement through 2029 via ATM forward sales and hybrids
- Signed four large-load contracts totaling over 2 GW; pipeline exceeds 50 GW potential with 7 GW contracted through 2029 (ramping to 8 GW in the 2030s)
Oct 30, 2025, 5:00 PM
Southern Company announces Q3 2025 results
SO
Earnings
Guidance Update
New Projects/Investments
- Q3 adjusted EPS of $1.60, beating estimates by $0.10, with FY 2025 projected at $4.30; weather-normalized retail electricity sales grew 2.6% year-over-year.
- Large load contracts reached 8 GW in Q3 (+2 GW), supporting a 50 GW pipeline for long-term sales growth.
- Priced $1.8 B of additional equity, solidifying $7 B of its $9 B equity need for capex plans; up to $5 B of incremental capex would require ~40% equity.
- State-regulated utilities account for 95% of projected capex, with an additional $5 B above the $76 B base plan; long-term adjusted EPS growth is projected at 5–7%, underpinned by 8% rate base growth.
- Georgia Power filed for certification of 10 GW of new generation (8 GW via all-source RFP and 2 GW supplemental), with proceedings expected to conclude by year-end 2025.
Oct 30, 2025, 5:00 PM
Southern Company reports Q3 2025 results
SO
Earnings
- Southern Company posted third-quarter net income of $1.7 billion, or $1.55 per share, versus $1.5 billion, or $1.40 per share, in Q3 2024.
- Adjusted net income (excluding special items) was $1.8 billion, or $1.60 per share, up from $1.6 billion, or $1.43 per share, a year earlier.
- Third-quarter operating revenues rose 7.5% to $7.8 billion, reflecting higher utility revenues and offset in part by increased depreciation, interest expense and milder weather.
- For the nine months ended September 30, 2025, Southern Company reported net income of $3.93 billion, or $3.56 per share, and operating revenues of $22.6 billion, up 10.7% year-over-year.
Oct 30, 2025, 11:30 AM
Quarterly earnings call transcripts for SOUTHERN.
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