The earnings call reflected a strong overall performance with significant growth in adjusted earnings and retail electricity sales, as well as robust economic development and expansion of the capital plan. However, there were some negative aspects such as decreased year-over-year earnings and increased operating costs. Despite these challenges, the outlook remains positive with strong load growth projections.

Company Guidance -

Q3 2025

During The Southern Company’s Second Quarter 2025 Earnings Call, the company provided strong guidance, emphasizing its robust financial performance and strategic outlook. The company reported adjusted earnings per share of $0.92, which was $0.07 higher than the previous estimate but $0.18 lower year-over-year. Retail electricity sales were up 1.3% year-to-date compared to the first half of 2024, with a 3% increase in the second quarter of 2025 versus the same period in 2024. The company highlighted significant growth in industrial sales, particularly in the data center segment, which increased by 13% compared to the prior year. Southern Company also raised its five-year capital plan to $76 billion, up from $63 billion, with potential for an additional $5 billion, reflecting strong projected customer and load growth. Additionally, the company is on track to meet a 17% FFO to debt ratio in the latter part of the forecast horizon while maintaining a disciplined approach to funding and investment.

Strong Adjusted Earnings

Reported strong adjusted earnings results for the second quarter of 2025 with adjusted earnings per share at $0.92, $0.07 above the estimate.

Increased Retail Electricity Sales

Year-to-date, weather normal retail electricity sales were 1.3% higher than the first half of 2024. Year-over-year retail electricity sales increased by 3% from the second quarter of 2024.

Economic Development and Job Creation

Economic development activities in the second quarter included nearly $2 billion in capital investment and over 6,000 new jobs announced in service territories.

Capital Plan Expansion

Added $12 billion of state regulated capital into the 5-year base capital plan, increasing it from $63 billion to $76 billion.

Robust Load Growth Projections

Large load pipeline across Alabama, Georgia, and Mississippi remains well above 50 gigawatts of potential incremental load by the mid-2030s.

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)	1.52 / -	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	$94.90	$94.48	-0.44%
May 01, 2025	$91.12	$90.70	-0.46%
Feb 20, 2025	$85.76	$87.09	+1.55%
Oct 31, 2024	$87.15	$88.78	+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 1.52.

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