Southern Co. 3Q Revenue Climbs on Increased Energy Demand in Southeast U.S.
By Kelly Cloonan
Southern Co. reported higher quarterly profit and revenue as it sees growing demand for energy in the Southeast.
The Atlanta utility company on Thursday posted a third-quarter profit of $2.05 billion, or $1.76 a share, compared with $1.71 billion, or $1.54 a share, a year earlier.
Adjusted earnings per share were $1.94, compared with analyst estimates of $1.71, according to FactSet.
Operating revenue climbed 13% to $8.84 billion, compared with analyst estimates of $8.38 billion.
Revenue from fuel, non-fuel, wholesale electric and natural gas each rose, offsetting a decline in other electric revenues.
Chief Executive Chris Womack said the company's scale and strategy are helping it serve increased demand for reliable energy in the Southeast.
"The Southeast is growing at a pace that is both unprecedented and transformational, and we believe Southern Company is well positioned for today and in the future," Womack said.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
November 05, 2026 08:45 ET (13:45 GMT)
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