Southern Company reported strong adjusted earnings and significant growth in retail electricity sales, particularly in the data center segment. Economic development in their service territories is robust, and plans for expansion and modernization are well underway. However, there are notable challenges, including a decline in earnings compared to the previous year, higher operating costs, and the impact of state tax credit adjustments.

Company Guidance

During the Southern Company Second Quarter 2025 Earnings Call, the company provided several key metrics and guidance updates. Southern Company reported an adjusted earnings per share (EPS) of $0.92 for the second quarter, which was $0.07 above their previous estimate but $0.18 lower than the same period in 2024. The company attributed its performance to increased earnings from state-regulated utilities, higher usage, and customer growth, which contributed an additional $0.06 year-over-year. However, these gains were partially offset by milder weather, prior year gains on transmission asset sales, and state tax credit adjustments. Looking forward, Southern Company has an adjusted EPS estimate of $1.50 for the third quarter of 2025. Furthermore, year-to-date, weather-normal retail electricity sales were up by 1.3% compared to the first half of 2024, with a notable 3% increase in retail electricity sales across all customer classes in the second quarter. The company also discussed ongoing investments and capital plans, announcing an increase in their 5-year base capital plan from $63 billion to $76 billion, with an additional potential upside of $5 billion. Additionally, Southern Company emphasized its commitment to maintaining a strong credit rating, projecting an increase in equity needs to approximately $5 billion through 2029 to support their capital investments.

Strong Adjusted Earnings

Southern Company reported strong adjusted earnings per share (EPS) of $0.92 for Q2 2025, which is $0.07 above estimates.

Retail Electricity Sales Growth

Year-over-year retail electricity sales grew by 3% in Q2 2025, including a 2.8% increase in residential sales.

Data Center Usage Increase

Data center usage was 13% higher compared to Q2 2024, indicating strong demand in this segment.

Economic Development in Service Territories

Nearly $2 billion in capital investment and more than 6,000 new jobs were announced in Southern Company's electric service territories.

Expansion and Modernization Plans

Georgia Power received authorization to provide generation procurement options for at least 6 gigawatts to meet increasing demand, with plans to certify 10 gigawatts of new generation resources.

Increased Capital Plan

Southern Company increased its 5-year base capital plan from $63 billion to $76 billion, with potential upside of approximately $5 billion.

Southern Co (SO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.51 / -	1.43	―	―	―
Jul 31, 2025	2025 (Q2)	0.88 / 0.92	1.09	-15.60% (-0.17)
May 01, 2025	2025 (Q1)	1.20 / 1.23	1.03	19.42% (+0.20)
Feb 20, 2025	2024 (Q4)	0.51 / 0.50	0.64	-21.88% (-0.14)
Oct 31, 2024	2024 (Q3)	1.34 / 1.43	1.42	0.70% (+0.01)
Aug 01, 2024	2024 (Q2)	0.93 / 1.09	0.79	37.97% (+0.30)
May 02, 2024	2024 (Q1)	0.90 / 1.03	0.79	30.38% (+0.24)
Feb 15, 2024	2023 (Q4)	0.60 / 0.64	0.26	146.15% (+0.38)
Nov 02, 2023	2023 (Q3)	1.32 / 1.42	1.31	8.40% (+0.11)
Aug 03, 2023	2023 (Q2)	0.75 / 0.79	1.07	-26.17% (-0.28)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$94.15	$93.74	-0.44%
May 01, 2025	$90.41	$89.98	-0.48%
Feb 20, 2025	$85.08	$86.40	+1.55%
Oct 31, 2024	$86.46	$88.08	+1.87%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Southern Co (SO) report earnings?

Southern Co (SO) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is Southern Co (SO) earnings time?

Southern Co (SO) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is SO EPS forecast?

SO EPS forecast for the fiscal quarter 2025 (Q3) is 1.51.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing