Company Reports

Southern Co. subsidiary Nicor Gas announced it reached a multiparty settlement that would raise gas customer base rates $82 million if Illinois regulators sign off.

Georgia utility regulators approved Southern Co.'s contract with OpenAI to provide the energy and infrastructure for a large proposed data center in Effingham County, Georgia.

Southern Co. reported second-quarter adjusted earnings per share of $1.13, up from $0.92 in the same quarter in 2025. Earnings are on track to meet our full-year estimate and the high end of management's guidance range.

Southern Co. subsidiary Georgia Power announced it will supply the electricity for a planned 3.2-gigawatt OpenAI data center in Effingham County, Georgia.

Southern has more growth opportunities than most utilities during the next decade due to the growing energy demand and infrastructure needs in the southeast.

Southern Co. reported first-quarter adjusted earnings per share of $1.32, up 7% from the same quarter in 2025. Earnings are on track to meet our full-year estimate and the high end of management's guidance range.

Southern has more growth opportunities than most utilities during the next decade, given growing energy demand in the southeast and the need for energy infrastructure upgrades.

Southern Co. reported full-year 2025 earnings per share of $4.30 on an adjusted basis, up 6% from 2024. Earnings were in line with our estimate and at the high end of management's guidance range.

Southern Co.'s largest subsidiary, Georgia Power, announced it reached a settlement with the staff of the Georgia Public Service Commission that will allow the utility to build nearly 10 gigawatts of generation and invest $16.3 billion.

Southern has more growth opportunities than most utilities during the next decade, given growing energy demand in the southeast and need for energy infrastructure upgrades.

Southern Co. reported earnings per share of $1.60 on an adjusted basis in the third quarter, up from $1.43 in the third quarter of 2024. Year-to-date adjusted earnings are on track to meet our full-year estimate and management's guidance.

Southern has more growth opportunities than most utilities during the next decade, given growing energy demand in the southeast and need for energy infrastructure upgrades.

Southern Co. reported earnings per share of $0.92 on an adjusted basis in the second quarter, down from $1.10 in the year-ago quarter. Year-to-date earnings are mostly flat and on track to meet our full-year estimate and management's guidance.

Southern has more growth opportunities than most utilities during the next decade, given growing energy demand in the southeast and need for energy infrastructure upgrades.

Southern announced it earned $1.23 per share on an adjusted basis during the first quarter of 2025, up from $1.03 in the first quarter of 2024. Earnings are on track to meet our full-year estimate and management's guidance.

Utilities have limited direct exposure to tariffs announced by the Donald Trump administration, but falling energy demand or regulatory pushback to utilities' investment plans could slow earnings growth if economic conditions deteriorate.

Southern Company announced it earned $4.05 per share on an adjusted basis in 2024, in line with our outlook and management's guidance. Earnings were up 11% from 2023 as higher revenue from energy demand and rate increases offset higher operating and financing costs.

Southern has more growth opportunities than most utilities during the next decade.

Southern has more growth opportunities than most utilities during the next decade.

Southern Company is on track to meet our full-year 2024 earnings outlook and management's $4.05 EPS target after reporting $1.43 core EPS during the third quarter, up slightly from the third quarter of 2023 as higher operating costs offset higher revenue from energy demand and rate increases.