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Southern Co (SO)
NYSE:SO
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.16Last Year’s EPS
1.03Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 20, 2025
|% Change Since: 1.55%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
Southern Company reported a strong performance in 2024, with record-breaking earnings growth, significant capital investment plans, and a positive outlook on commercial and residential growth. Despite challenges from high interest rates and temporary sales losses due to a hurricane, the overall sentiment is positive due to the company's robust economic development and long-term growth projections.Company Guidance
During the Southern Company Fourth Quarter 2024 Earnings Call, the company provided optimistic guidance for the future, highlighting several key metrics. Southern Company achieved adjusted earnings per share (EPS) of $4.05 for 2024, marking an 11% growth from the 2023 results and positioning them at the top of their 2024 guidance range. Looking ahead to 2025, they project a further 6% growth in adjusted EPS with a guidance range of $4.20 to $4.30, and they maintain a long-term growth rate of 5% to 7%. The company expects retail electricity sales to grow by 2% to 3% in 2025 compared to 2024, with a long-term annual growth projection of about 8% from 2025 through 2029. This growth is supported by a base capital investment forecast of $63 billion over the next five years, with 95% allocated to state-regulated utilities. Additionally, the company highlighted potential additional capital investments of $10 billion to $15 billion, primarily driven by new generation resources and natural gas pipeline expansions. Southern Company also aims to maintain its credit quality, targeting an FFO to debt ratio of approximately 17% by the latter part of the forecast horizon, and has plans to manage average annual equity needs of around $800 million.Record-Breaking Earnings Growth
Southern Company achieved adjusted earnings at the very top of their EPS guidance range, representing 11% growth from 2023 adjusted results.
Strong Commercial and Residential Growth
Commercial sales were up 17% year-over-year, with a record addition of 57,000 new residential electric customers and 26,000 new natural gas distribution customers.
Significant Capital Investment Plan
A $63 billion capital investment forecast over the next 5 years, with 95% at state-regulated utilities, reflecting a $14 billion increase from the previous forecast.
Economic Development and Load Growth
More than 150 companies announced expanded operations in the southeastern footprint, supporting over 20,000 new jobs with a potential load of over 50,000 megawatts by the mid-2030s.
Positive Long-term Growth Outlook
Projected long-term adjusted EPS growth rate of 5% to 7% remains unchanged, with a potential trajectory near the top of this range.
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SO Earnings History
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
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SO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 20, 2025 | $86.48 | $87.82 | +1.55% |
| Oct 31, 2024 | $87.88 | $89.52 | +1.87% |
| Aug 01, 2024 | $81.46 | $85.41 | +4.85% |
| May 02, 2024 | $72.02 | $72.81 | +1.10% |
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.
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FAQ
When does Southern Co (SO) report earnings?
Southern Co (SO) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Southern Co (SO) earnings time?
Southern Co (SO) earnings time is at Apr 24, 2025, TBA Not 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 (Q1) is 1.16.
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