Quarterly ResultApr 30, 2026, 08:18 AM
SO Q1 Adj. EPS $1.32; Revenue $8.4B, +8.0%
AI Summary
Southern Company reported first-quarter 2026 adjusted earnings of $1.5 billion, or $1.32 per share, an increase from $1.4 billion, or $1.23 per share, in Q1 2025. Operating revenues for the quarter rose 8.0% to $8.4 billion. The company attributed adjusted earnings growth to higher utility revenues, partially offset by milder weather and increased interest expense. Management emphasized ongoing investments in infrastructure to support regional growth while maintaining reliability and stable rates for customers.
Key Highlights
- Q1 2026 Adjusted EPS was $1.32, up from $1.23 in Q1 2025 (+7.3%).
- Q1 2026 Operating Revenues increased 8.0% to $8.4 billion from $7.8 billion in Q1 2025.
- Q1 2026 Net Income (as reported) was $1.356 billion, up 1.6% from $1.334 billion in Q1 2025.
- Traditional Electric Operating Companies' net income rose to $1.113 billion from $1.026 billion.
- Southern Company Gas' net income increased to $447 million from $418 million.
- Southern Power's net income was $4 million, down from $87 million due to accelerated depreciation.
- Total regulated utility customers grew 0.8% to 9.037 million.
- Total retail sales were 36,600 million kWh, up 0.4% (2.3% weather-adjusted).