US Market News
2週前
Georgia Power shares tips, tools and free resources to reduce energy use this summerMay 22, 2026 12:00 PM
PR Newswire (US) Savings of approximately $4 per month for the typical residential customer expected in June if approved by the Georgia Public Service Commission ATLANTA, May 22, 2026 /PRNewswire/ -- As temperatures begin to rise across Georgia heading into the heat of summer, Georgia Power is encouraging customers to take advantage of free and low-cost energy-efficiency resources that are available to help keep homes comfortable, while managing energy use. By taking small, proactive steps, customers can better manage energy use during the hottest months of the year while maintaining comfort at home. Simple tips from the company include:Change air filters regularly and keep vents clear to maintain proper airflow. Change standard air filters once a month, or every three months for pleated filters. Turn off lights when not in use and close curtains or blinds during the hottest parts of the day.Seal gaps around windows and doors with caulk or weather-stripping to keep cool air inside.Wash full loads of laundry in cold water and clean the dryer lint trap before each use.Switch to ENERGY STAR®-certified LED bulbs, which use up to 75% less energy than traditional incandescent bulbs.Use large appliances during off-peak hours (before 2 p.m. or after 7 p.m.) to reduce heat and strain on your home.The tips above are just a few of the many that are available on GeorgiaPower.com, alongside digital tools to help customers better understand and manage their electricity use. Online and mobile app options include My Power Usage which allows most customers to track their energy use by the hour, day, or month, as well as Threshold Alerts which notify customers when their energy use approaches a self-selected threshold, helping avoid billing surprises during high–use months.Georgia Power also encourages eligible customers to explore the EASE Program, which offers free home energy improvements such as LED light bulbs, heating and cooling system servicing, attic insulation, and more. These upgrades can significantly reduce energy use and lower monthly bills. Households earning 200% or less of federal poverty guidelines may qualify. Learn more at GeorgiaPower.com/EASE.Assistance Options
Georgia Power works throughout the year with customers who may need assistance paying their bill, and makes it easy to find local resources for utilities, food, shelter, and more by ZIP code at GeorgiaPower.com/Assistance . Through partnerships like Project Share, administered by The Salvation Army, Georgia Power matches customer contributions to assist those in need, and customers can also find a variety of other income-qualified programs on the website.Focused on Affordable Energy & Delivering Savings
For more than 140 years, Georgia Power has worked to bring Georgians the energy they need at the lowest possible rates. Since 1990, the company has offered rates 15 percent below the national average, on average, while also offering flexible rate plans for residential and business customers, as well as a wide variety of programs to help customers save money and energy. Additionally, Georgia Power recently announced a stipulated agreement with the Public Interest Advocacy (PIA) staff of the Georgia Public Service Commission to help customers save even more. Under the agreement, which remains subject to review and approval by the Georgia PSC later this month, a typical residential customer using 1,000 kilowatt-hours per month is expected to save $4.04 monthly, or nearly $50 annually, beginning in June.With new residents moving to the state and large-load customers like data centers and manufacturers choosing Georgia, Georgia Power continues to work to ensure that growth benefits all Georgia Power customers. The growing pipeline of large-load customers is a key factor that enabled the company's earlier base rate freeze, and is helping spread fixed costs across a broader customer base and protect residential and small business customers. This growth has also allowed the company to commit to providing annual savings of $102 per year for the typical residential customer beginning in 2029.About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.7 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the potential approval of the stipulated agreement and expected customer savings. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of pending and future rate cases and negotiations, including rate actions relating to fuel and other cost recovery mechanisms; the impact of recent and future federal and state legal and regulatory changes, including tax, environmental and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws, regulations and guidance; current and future litigation or regulatory investigations, proceedings or inquiries; and catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences. Georgia Power expressly disclaims any obligation to update any forward-looking information. View original content to download multimedia:https://www.prnewswire.com/news-releases/georgia-power-shares-tips-tools-and-free-resources-to-reduce-energy-use-this-summer-302780244.htmlSOURCE Georgia Power Original: Georgia Power shares tips, tools and free resources to reduce energy use this summer
US Market News
1月前
Southern Company reports first-quarter 2026 earningsApril 30, 2026 7:30 AM
PR Newswire (US)
ATLANTA, April 30, 2026 /PRNewswire/ -- Southern Company today reported first-quarter earnings of $1.4 billion, or $1.21 per share, in 2026 compared with earnings of $1.3 billion, or $1.21 per share, in the first quarter of 2025.
Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $1.5 billion, or $1.32 per share, during the first quarter of 2026, compared with $1.4 billion, or $1.23 per share, during the first quarter of 2025.Non-GAAP Financial MeasuresThree Months Ended MarchNet Income – Excluding Items (in millions)20262025Net Income – As Reported$ 1,356$ 1,334Less:
Accelerated Depreciation from Repowering(154)(26)Tax Impact346Loss on Extinguishment of Debt(11)—Tax Impact3—Estimated Loss on Nicor Gas Capital Investments(2)—Tax Impact——Estimated Loss on Plants Under Construction—(3)Tax Impact—1Net Income – Excluding Items$ 1,486$ 1,356Average Shares Outstanding – (in millions) 1,1241,100Basic Earnings Per Share – Excluding Items$ 1.32$ 1.23
NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.
Adjusted earnings drivers for the first quarter of 2026, as compared with 2025, were higher utility revenues, partially offset by milder than normal weather at the regulated electric utilities and higher interest expense.First-quarter 2026 operating revenues were $8.4 billion, compared with $7.8 billion for the first quarter of 2025, an increase of 8.0%."Southern Company is delivering on our plans to serve growth in a way that is both beneficial and protective for existing customers," said Chris Womack, chairman, president and CEO of Southern Company. "As our region continues to grow, we're investing in the infrastructure needed to support that growth in a way that provides long-term value while staying grounded in what our customers value most – reliability they can count on and a focus on keeping rates stable. We're uniquely positioned to do this because of our scale, skill and expertise, all of which are focused on putting our customers and communities first."Southern Company's first-quarter earnings slides with supplemental financial information are available at investor.southerncompany.com.Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Womack and Chief Financial Officer David P. Poroch will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at investor.southerncompany.com. A replay of the webcast will be available on the site for 12 months.About Southern CompanySouthern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by our nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.Cautionary Note Regarding Forward-Looking StatementsCertain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning plans to serve projected future growth and the potential benefits thereof. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state legal and regulatory changes, including tax, environmental and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws, regulations and guidance; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources; variations in demand for electricity and natural gas, including uncertainties related to projected significant growth in electricity demand driven primarily by data centers and other large load customers, and the related requirement for substantial new generation and transmission investments, creating capital access and revenue recovery risks for the traditional electric operating companies; customer affordability matters; available sources and costs of natural gas and other fuels and commodities; the ability to complete necessary or desirable pipeline expansion or infrastructure projects, limits on pipeline capacity, public and policymaker support for such projects, and operational interruptions to natural gas distribution and transmission activities; transmission constraints; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects due to challenges which include, but are not limited to, changes in labor costs, availability, and productivity, challenges with the management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, the impacts of inflation and trade policies (including tariffs and other trade measures) of the United States and other countries, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems or any remediation related thereto, design and other licensing-based compliance matters, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance, challenges related to future epidemic or pandemic health events, continued public and policymaker support for projects, environmental and geological conditions, delays or increased costs to interconnect facilities to transmission grids, and increased financing costs as a result of changes in interest rates or as a result of project delays; legal proceedings and regulatory approvals and actions related to past, ongoing, and proposed construction projects, including state public service commission or other applicable state regulatory agency approvals and Federal Energy Regulatory Commission and U.S. Nuclear Regulatory Commission actions; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the employee and retiree benefit plans and nuclear decommissioning trust funds and, with respect to retiree benefit plans, changes in actuarial assumptions and differences between the assumptions and actual values, any of the foregoing of which could cause additional funding requirements; advances in technology, including the pace and extent of development of low- to no-carbon energy and battery energy storage technologies and the impact of advancing technology on data center and other large load customer demand; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios, additional generating capacity and transmission facilities, extension of retirement dates for fossil fuel plants, and fuel and other cost recovery mechanisms; the ability to successfully operate Southern Company's electric utilities' generation, transmission, distribution, and battery energy storage facilities, as applicable, and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating nuclear generating facilities; the inherent risks involved in generation, transmission, and distribution of electricity and transportation and storage of natural gas, including accidents, explosions, fires, mechanical problems, discharges or releases of toxic or hazardous substances or gases, and other environmental risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, or interests therein, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of cyber and physical attacks; global and U.S. economic conditions, including impacts from geopolitical conflicts, recession, inflation, changes in trade policies (including tariffs and other trade measures) of the United States and other countries, interest rate fluctuations, and financial market conditions, and the results of financing efforts; prolonged or recurring U.S. federal government shutdowns; access to capital markets and other financing sources; changes in Southern Company's and any of its subsidiaries' credit ratings; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.Southern CompanyFinancial Highlights(In Millions Except Earnings Per Share)
Three Months Ended MarchNet Income – As Reported2026
2025Traditional Electric Operating Companies$ 1,113
$ 1,026Southern Power4
87Southern Company Gas447
418Total1,564
1,531Parent Company and Other(208)
(197)Net Income – As Reported$ 1,356
$ 1,334
Basic Earnings Per Share(1)$ 1.21
$ 1.21Average Shares Outstanding1,124
1,100
Non-GAAP Financial MeasuresThree Months Ended MarchNet Income – Excluding Items2026
2025Net Income – As Reported$ 1,356
$ 1,334Less:
Accelerated Depreciation from Repowering(2)(154)
(26)Tax Impact34
6Loss on Extinguishment of Debt(3)(11)
—Tax Impact3
—Estimated Loss on Nicor Gas Capital Investments(4)(2)
—Tax Impact—
—Estimated Loss on Plants Under Construction(5)—
(3)Tax Impact—
1Net Income – Excluding Items$ 1,486
$ 1,356
Basic Earnings Per Share – Excluding Items$ 1.32
$ 1.23
See Notes on the following page. Southern Company
Financial Highlights
Notes(1)Dilution is not material in any period presented. Diluted earnings per share was $1.20 and $1.21 for the three months ended March 31, 2026 and 2025, respectively.(2)Earnings include pre-tax charges of $154 million ($120 million after tax) and $26 million ($20 million after tax, net of noncontrolling interest impacts) for the three months ended March 31, 2026 and 2025, respectively, associated with accelerated depreciation related to the repowering of certain wind facilities at Southern Power Company. Accelerated depreciation related to the equipment being replaced will continue until the completion dates of the repowering projects, which are projected to occur through the third quarter 2027. At March 31, 2026, the remaining pre-tax accelerated depreciation is projected to total approximately $335 million in 2026 and $100 million in 2027.(3)Earnings for the three months ended March 31, 2026 include costs associated with the extinguishment of debt at Southern Company as a result of Southern Company's redemption of certain junior subordinated notes. Similar transaction costs may occur in the future at Southern Company or one of its unregulated subsidiaries; however, the amount and timing of any such costs are uncertain.(4)Earnings for the three months ended March 31, 2026 include an estimated loss of $2 million (before and after tax) at Southern Company Gas related to costs associated with Nicor Gas capital investments disallowed by the Illinois Commerce Commission in November 2025. Further charges may occur; however, the amount and timing of any such charges are uncertain.(5)Earnings for the three months ended March 31, 2025 include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Dismantlement of the abandoned gasifier-related assets was completed at the end of 2025. Site restoration activities are substantially complete, and any additional costs are expected to be immaterial.
Southern CompanySignificant Factors Impacting EPS
Three Months Ended March
2026
2025
ChangeEarnings Per Share –
As Reported(1)$ 1.21
$ 1.21
$ —
Significant Factors:
Traditional Electric Operating Companies
$ 0.08Southern Power
(0.08)Southern Company Gas
0.03Parent Company and Other
—Increase in Shares
(0.03) Total – As Reported
$ —
Three Months Ended MarchNon-GAAP Financial Measures2026
2025
ChangeEarnings Per Share –
Excluding Items$ 1.32
$ 1.23
$ 0.09
Total – As Reported
$ —Less:
Accelerated Depreciation from Repowering(2)
(0.08)Loss on Extinguishment of Debt(3)
(0.01)Estimated Loss on Nicor Gas Capital Investments(4)
—Estimated Loss on Plants Under Construction(5)
— Total – Excluding Items
$ 0.09
See Notes on the following page. Southern CompanySignificant Factors Impacting EPS
Notes(1)Dilution is not material in any period presented. Diluted earnings per share was $1.20 and $1.21 for the three months ended March 31, 2026 and 2025, respectively.(2)Earnings include pre-tax charges of $154 million ($120 million after tax) and $26 million ($20 million after tax, net of noncontrolling interest impacts) for the three months ended March 31, 2026 and 2025, respectively, associated with accelerated depreciation related to the repowering of certain wind facilities at Southern Power Company. Accelerated depreciation related to the equipment being replaced will continue until the completion dates of the repowering projects, which are projected to occur through the third quarter 2027. At March 31, 2026, the remaining pre-tax accelerated depreciation is projected to total approximately $335 million in 2026 and $100 million in 2027.(3)Earnings for the three months ended March 31, 2026 include costs associated with the extinguishment of debt at Southern Company as a result of Southern Company's redemption of certain junior subordinated notes. Similar transaction costs may occur in the future at Southern Company or one of its unregulated subsidiaries; however, the amount and timing of any such costs are uncertain.(4)Earnings for the three months ended March 31, 2026 include an estimated loss of $2 million (before and after tax) at Southern Company Gas related to costs associated with Nicor Gas capital investments disallowed by the Illinois Commerce Commission in November 2025. Further charges may occur; however, the amount and timing of any such charges are uncertain.(5)Earnings for the three months ended March 31, 2025 include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Dismantlement of the abandoned gasifier-related assets was completed at the end of 2025. Site restoration activities are substantially complete, and any additional costs are expected to be immaterial. Southern CompanyEPS Earnings Analysis
DescriptionThree Months EndedMarch2026 vs. 2025
Retail Sales6¢
Retail Revenue Impacts(1)
Weather(5)
Wholesale and Other Operating Revenues3
Non-Fuel Operations and Maintenance Expenses(1)2
Depreciation and Amortization—
Allowance for Equity Funds Used During Construction5
Interest Expense and Other(3)
Income Taxes1
Total Traditional Electric Operating Companies8¢
Southern Power1
Southern Company Gas3
Parent Company and Other—
Increase in Shares(3)
Total Change in EPS (Excluding Items)9¢
Accelerated Depreciation from Repowering(2)(8)
Loss on Extinguishment of Debt(3)(1)
Estimated Loss on Nicor Gas Capital Investments(4)—
Estimated Loss on Plants Under Construction(5)—
Total Change in EPS (As Reported)—¢
See Notes on the following page. Southern CompanyEPS Earnings AnalysisNotes(1)Excludes gains/losses on asset sales, which are included in "Interest Expense and Other." Includes non-service cost-related benefits income.(2)Earnings include pre-tax charges of $154 million ($120 million after tax) and $26 million ($20 million after tax, net of noncontrolling interest impacts) for the three months ended March 31, 2026 and 2025, respectively, associated with accelerated depreciation related to the repowering of certain wind facilities at Southern Power Company. Accelerated depreciation related to the equipment being replaced will continue until the completion dates of the repowering projects, which are projected to occur through the third quarter 2027. At March 31, 2026, the remaining pre-tax accelerated depreciation is projected to total approximately $335 million in 2026 and $100 million in 2027.(3)Earnings for the three months ended March 31, 2026 include costs associated with the extinguishment of debt at Southern Company as a result of Southern Company's redemption of certain junior subordinated notes. Similar transaction costs may occur in the future at Southern Company or one of its unregulated subsidiaries; however, the amount and timing of any such costs are uncertain.(4)Earnings for the three months ended March 31, 2026 include an estimated loss of $2 million (before and after tax) at Southern Company Gas related to costs associated with Nicor Gas capital investments disallowed by the Illinois Commerce Commission in November 2025. Further charges may occur; however, the amount and timing of any such charges are uncertain.(5)Earnings for the three months ended March 31, 2025 include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Dismantlement of the abandoned gasifier-related assets was completed at the end of 2025. Site restoration activities are substantially complete, and any additional costs are expected to be immaterial.
Southern CompanyConsolidated EarningsAs Reported
Three Months Ended March
2026
2025
Change
(in millions)Retail electric revenues:
Fuel$ 1,256
$ 1,217
$ 39Non-fuel3,384
3,384
—Wholesale electric revenues965
744
221Other electric revenues265
242
23Natural gas revenues2,191
1,839
352Other revenues336
349
(13)Total operating revenues8,397
7,775
622Fuel and purchased power1,735
1,542
193Cost of natural gas926
674
252Cost of other sales181
199
(18)Non-fuel operations and maintenance1,653
1,619
34Depreciation and amortization1,420
1,286
134Taxes other than income taxes464
445
19Total operating expenses6,379
5,765
614Operating income2,018
2,010
8Allowance for equity funds used during construction121
73
48Earnings from equity method investments50
32
18Interest expense, net of amounts capitalized778
714
64Other income (expense), net155
149
6Income taxes228
280
(52)Net income1,338
1,270
68Net loss attributable to noncontrolling interests(18)
(64)
46Net income attributable to Southern Company$ 1,356
$ 1,334
$ 22
Certain prior year data may have been reclassified to conform with current year presentation. Southern CompanyKilowatt-Hour Sales and Customers
Three Months Ended March
2026
2025
% Change
Weather
Adjusted %
Change
(in millions)
Kilowatt-Hour Sales
Total Sales50,192
48,485
3.5 %
Total Retail Sales36,600
36,442
0.4 %
2.3 %Residential12,121
12,633
(4.1) %
0.9 %Commercial12,344
11,852
4.2 %
4.6 %Industrial12,004
11,824
1.5 %
1.5 %Other131
133
(1.9) %
(1.9) %
Total Wholesale Sales13,592
12,043
12.9 %
N/A
Period Ended March
2026
2025
% Change
(in thousands)
Regulated Utility Customers
Total Regulated Utility Customers9,037
8,967
0.8 %
Traditional Electric Operating Companies4,600
4,551
1.1 %
Southern Company Gas4,437
4,416
0.5 %
Southern CompanyFinancial OverviewAs Reported
Three Months Ended March
2026
2025
% Change
(in millions)
Southern Company –
Operating Revenues$ 8,397
$ 7,775
8.0 %Earnings Before Income Taxes1,566
1,550
1.0 %Net Income Available to Common1,356
1,334
1.6 %
Alabama Power –
Operating Revenues$ 2,092
$ 2,012
4.0 %Earnings Before Income Taxes554
486
14.0 %Net Income Available to Common425
375
13.3 %
Georgia Power –
Operating Revenues$ 3,142
$ 3,037
3.5 %Earnings Before Income Taxes713
694
2.7 %Net Income Available to Common628
596
5.4 %
Mississippi Power –
Operating Revenues$ 472
$ 420
12.4 %Earnings Before Income Taxes78
71
9.9 %Net Income Available to Common60
55
9.1 %
Southern Power –
Operating Revenues$ 681
$ 567
20.1 %Earnings (Loss) Before Income Taxes(84)
22
N/MNet Income Available to Common4
87
(95.4) %
Southern Company Gas –
Operating Revenues$ 2,191
$ 1,839
19.1 %Earnings Before Income Taxes592
548
8.0 %Net Income Available to Common447
418
6.9 %
See Financial Highlights pages for discussion of certain significant items occurring during the periods.
View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-company-reports-first-quarter-2026-earnings-302758132.htmlSOURCE Southern Company
Original: Southern Company reports first-quarter 2026 earnings
US Market News
1月前
Georgia Power continues to plan for additional generation to meet the energy needs of a growing GeorgiaApril 23, 2026 4:05 PM
PR Newswire (US)
Latest filing with Georgia PSC requests 2,000 to 6,000 MW of new resources through competitive RFP by the end of 2033; Certification of an additional 385 MW of new solar resources under CARES 2023 program also requested ATLANTA, April 23, 2026 /PRNewswire/ -- Georgia Power announced today that it has filed a request with the Georgia Public Service Commission (PSC) to approve the final All-Source Capacity Request for Proposal (RFP) documents seeking to procure resources to meet projected capacity needs for 2032 through 2033. The filing includes the 2032-2033 All-Source RFP and requests permission to procure 2,000 to 6,000 megawatts (MW) of new dispatchable capacity resources. The requested resources include thermal generation, energy storage systems, and battery storage plus renewables. The company collaborated with Georgia PSC Staff and an independent evaluator to develop a competitive and fair RFP process that will enable Georgia Power to select the most reliable, economical and efficient proposals for dispatchable generation. If approved, the RFP would be issued and accept bids in the second quarter of 2026, with selected projects submitted to the Georgia PSC for certification in mid-2027.
The company also filed today a separate request to certify an additional approximately 385 MW of new supplemental solar resources as part of the Clean and Renewable Energy Subscription (CARES) 2023 program, which is one of the company's latest initiatives to procure new cost-effective renewable energy to serve customers."As our state continues to grow, we continue to work with the Georgia PSC to help ensure we have the right mix of generation resources ready to meet future demand," said Rick Anderson, senior vice president and senior production officer for Georgia Power. "We know our customers depend on us to keep energy reliable and affordable for their homes and businesses and, as we continue to invest in diverse, flexible generation resources, we also continue to work with new large-load customers who are driving much of this growth on appropriate contracts that are designed to cover the cost to serve them."In addition to proactively planning to meet future energy demand, Georgia Power also continues to provide updates on projected load growth and large-load customer contracts to the Georgia PSC. As of today, 32 large-load customers have committed to receiving approximately 15,600 MW of electric service with 21 projects under construction. Today's filings follow previous approval in December by the Georgia PSC of approximately 9,900 MW of combined cycle gas turbines, battery storage, and battery storage plus solar.Following the Georgia PSC's approval of updates to rules and regulations for the company in 2025, potential large-load customers must now meet more stringent criteria — including providing financial commitments and demonstrating infrastructure readiness — to remain in the company's long-term development pipeline. These enhanced requirements help ensure that only the most credible and viable projects are included in Georgia Power's risk-adjusted load forecast.Leveraging Growth to Benefit Existing Customers
Growth is good for Georgia, and Georgia Power is leveraging growth to benefit existing customers. The growing pipeline of large-load customers is a key factor that enabled the company's base rate freeze, and is helping spread fixed costs across a broader customer base and protect residential and small business customers. Growth has also allowed the company to commit to providing annual savings of $102 per year for the typical residential customer beginning in 2029.To learn more about how Georgia Power is keeping energy reliable and affordable for millions of Georgia homes and businesses, visit www.GeorgiaPower.com.About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning projected demand growth and the large load pipeline. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios, additional generating capacity and transmission facilities and fuel and other cost recovery mechanisms; the impact of recent and future federal and state legal and regulatory changes, including tax, environmental and other laws and regulations to which Georgia Power is subject, as well as changes in application of existing laws, regulations and guidance; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings or inquiries; the effects, extent and timing of the entry of additional competition in the markets in which Georgia Power operates, including from the development and deployment of alternative energy sources; variations in demand for electricity, including uncertainties related to projected significant growth in electricity demand driven primarily by data centers and other large load customers, and the related requirement for substantial new generation and transmission investments, creating capital access and revenue recovery risks; customer affordability matters; available sources and costs of natural gas and other fuels and commodities; the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities or other projects; legal proceedings and regulatory approvals and actions related to past, ongoing and proposed construction projects; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the employee and retiree benefit plans and nuclear decommissioning trust funds and, with respect to retiree benefit plans, changes in actuarial assumptions and differences between the assumptions and actual values, any of the foregoing of which could cause additional funding requirements; advances in technology, including the pace and extent of development of low- to no-carbon energy and battery energy storage technologies and the impact of advancing technologies on data center and other large load customer demand; the ability to successfully operate Georgia Power's generation, transmission and distribution facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating nuclear generating facilities; the ability of counterparties of Georgia Power to make payments as and when due and to perform as required; the direct or indirect effect on Georgia Power's business resulting from cyber intrusion or physical attack and the threat of cyber and physical attacks; global and U.S. economic conditions, including impacts from geopolitical conflicts, recession, inflation, changes in trade policies (including tariffs and other trade measures) of the United States and other countries, interest rate fluctuations and financial market conditions and the results of financing efforts; access to capital markets and other financing sources; changes in Georgia Power's credit ratings; the ability of Georgia Power to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences; the direct or indirect effects on Georgia Power's business resulting from incidents affecting the U.S. electric grid or operation of generating resources; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content to download multimedia:https://www.prnewswire.com/news-releases/georgia-power-continues-to-plan-for-additional-generation-to-meet-the-energy-needs-of-a-growing-georgia-302752256.htmlSOURCE Georgia Power
Original: Georgia Power continues to plan for additional generation to meet the energy needs of a growing Georgia
US Market News
1月前
Southern Company increases dividend for 25th consecutive yearApril 20, 2026 2:17 PM
PR Newswire (US)
The company is increasing its dividend by 8 cents per share on an annualized basis to a rate of $3.04 per share.ATLANTA, April 20, 2026 /PRNewswire/ -- Southern Company today announced a regular quarterly dividend of 76 cents per share on the company's common stock, payable June 8, 2026 to shareholders of record as of May 18, 2026. In doing so, the company is increasing its dividend by 8 cents per share on an annualized basis to a rate of $3.04 per share.
"Our success across Southern Company is a credit to the dedication of nearly 30,000 teammates focused on strengthening our communities and delivering the energy our customers expect and depend on," said Southern Company Chairman, President and CEO Chris Womack. "Increasing the dividend 25 years in a row represents a historic milestone for the company and underscores our focus on total shareholder return and our goal of delivering regular, predictable and sustainable value for shareholders. We are incredibly proud of our strong dividend track record, which continues to be an integral part of Southern Company's long-term value proposition."Every quarter for 79 consecutive years, Southern Company has paid a dividend to its shareholders that is equal to or greater than the previous quarter.About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.Cautionary Note Regarding Forward-Looking StatementsCertain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning shareholder value and total shareholder return. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company and its subsidiaries; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state legal and regulatory changes, including tax, environmental and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws, regulations and guidance; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources; variations in demand for electricity and natural gas, including uncertainties related to projected significant growth in electricity demand driven primarily by data centers and other large load customers, and the related requirement for substantial new generation and transmission investments, creating capital access and revenue recovery risks for the traditional electric operating companies; customer affordability matters; available sources and costs of natural gas and other fuels and commodities; the ability to complete necessary or desirable pipeline expansion or infrastructure projects, limits on pipeline capacity, public and policymaker support for such projects, and operational interruptions to natural gas distribution and transmission activities; transmission constraints; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects due to challenges which include, but are not limited to, changes in labor costs, availability, and productivity, challenges with the management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, the impacts of inflation and trade policies (including tariffs and other trade measures) of the United States and other countries, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems or any remediation related thereto, design and other licensing-based compliance matters, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance, challenges related to future epidemic or pandemic health events, continued public and policymaker support for projects, environmental and geological conditions, delays or increased costs to interconnect facilities to transmission grids, and increased financing costs as a result of changes in interest rates or as a result of project delays; legal proceedings and regulatory approvals and actions related to past, ongoing, and proposed construction projects, including state public service commission or other applicable state regulatory agency approvals and Federal Energy Regulatory Commission and U.S. Nuclear Regulatory Commission actions; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the employee and retiree benefit plans and nuclear decommissioning trust funds and, with respect to retiree benefit plans, changes in actuarial assumptions and differences between the assumptions and actual values, any of the foregoing of which could cause additional funding requirements; advances in technology, including the pace and extent of development of low- to no-carbon energy and battery energy storage technologies and the impact of advancing technology on data center and other large load customer demand; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios, additional generating capacity and transmission facilities, extension of retirement dates for fossil fuel plants, and fuel and other cost recovery mechanisms; the ability to successfully operate Southern Company's electric utilities' generation, transmission, distribution, and battery energy storage facilities, as applicable, and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating nuclear generating facilities; the inherent risks involved in generation, transmission, and distribution of electricity and transportation and storage of natural gas, including accidents, explosions, fires, mechanical problems, discharges or releases of toxic or hazardous substances or gases, and other environmental risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, or interests therein, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of cyber and physical attacks; global and U.S. economic conditions, including impacts from geopolitical conflicts, recession, inflation, changes in trade policies (including tariffs and other trade measures) of the United States and other countries, interest rate fluctuations, and financial market conditions, and the results of financing efforts; prolonged or recurring U.S. federal government shutdowns; access to capital markets and other financing sources; changes in Southern Company's and any of its subsidiaries' credit ratings; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.
View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-company-increases-dividend-for-25th-consecutive-year-302747618.htmlSOURCE Southern Company
Original: Southern Company increases dividend for 25th consecutive year
US Market News
2月前
Georgia Power begins construction of newest battery storage system in Wadley, Ga.March 31, 2026 10:15 AM
PR Newswire (US)
Company to build 260 MW BESS to meet growing energy needsATLANTA, March 31, 2026 /PRNewswire/ -- Georgia Power recently started construction on a new 260 megawatt (MW) battery energy storage system (BESS) in Jefferson County, Ga. just outside of the City of Wadley. The project, approved by the Georgia Public Service Commission (PSC), is located beside the existing third-party owned Wadley solar facility and near existing transmission infrastructure. The new Wadley BESS is a company-owned asset that strengthens the grid and the area's growing renewable energy resources.
Members of the Jefferson County Board of Commissioners, the Wadley City Council, and other community partners joined Georgia Power leaders to break ground on the project, underscoring the strong partnerships that will help bring this project to life. The event spotlighted not only the importance of the project but also the lasting economic impact and benefits it will bring to Jefferson County."On behalf of the Jefferson County community, we welcome this Georgia Power project," said Mitchell McGraw, chairman of the Jefferson County Board of Commissioners. "We're so proud to have your investment in Jefferson County, and we hope for more in the future."Designed to quickly dispatch stored energy over a four-hour period, the 260 MW system will strengthen reliability and support the growing mix of renewable resources on Georgia's electric system. At this battery and solar co-located facility, battery energy storage helps capture power generated by renewable resources to use during peak demand periods, such as on cold winter mornings. Battery energy storage helps capture renewable resources produced during periods when the demand for electricity is lower, to use when the demand is higher, such as on cold winter mornings. These projects help to address the state's growing power needs identified in the 2025 Integrated Resource Plan (IRP) in a cost-effective and strategic manner."At Georgia Power, our collaboration with the Georgia PSC and other stakeholders is key to making necessary investments for a reliable and resilient power grid," said Kerry Bridges, region executive for Georgia Power. "With the construction of the 260 MW BESS in Jefferson County, we are able to better serve our customers today and support Georgia's growth. As we expand our energy mix to include more renewable sources, these batteries will play an invaluable role in helping ensure reliability and flexibility, particularly when renewable sources are not available."The Wadley BESS project, constructed by Burns & McDonnell, is expected to be completed in 2027.Georgia Power adding BESS statewide
Across the state, Georgia Power is nearing completion of four new BESS facilities totaling 765 MW in Bibb, Cherokee, Floyd, and Lowndes counties, projects previously approved in the 2023 IRP Update.Building on this momentum, the Georgia PSC approved the construction of nine new BESS facilities strategically placed on seven sites throughout the state, adding nearly 3,000 MW of additional planned storage. The sites were strategically selected based on deployment capabilities, including the opportunity to locate additional resources at existing company plant sites, existing company-owned land, and proximity to substations or current company facilities. New BESS facilities include locations at Plants Bowen, Hammond, McIntosh, Wansley and Yates and stand-alone locations in Hall and McDuffie counties.To support the increasing demand for renewable energy, the company is also planning two new state-of-the-art solar systems paired with battery storage for a combined capacity of 350 MW. These projects are designed to maximize high solar irradiance, while minimizing land disturbance. New solar + BESS projects include locations in Laurens and Dougherty County.About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power offers rates below the national average, focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).Cautionary note regarding forward-looking statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning the expected completion date for the Wadley BESS project. Georgia Power cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Georgia Power; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Georgia Power's Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the ability to control costs and avoid cost and schedule overruns during the development, construction and operation of facilities or other projects due to challenges which include, but are not limited to, changes in labor costs, availability, and productivity, challenges with the management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs or inconsistent quality of equipment, materials and labor, contractor or supplier delay, the impacts of inflation and trade policies (including tariffs and other trade measures) of the United States and other countries, delays due to judicial or regulatory action, nonperformance under construction, operating or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems or any remediation related thereto, design and other licensing-based compliance matters, challenges with start-up activities, including major equipment failure, or system integration and/or operational performance, challenges related to future epidemic or pandemic health events, continued public and policymaker support for projects, environmental and geological conditions, delays or increased costs to interconnect facilities to transmission grids and increased financing costs as a result of changes in interest rates or as a result of project delays; legal proceedings and regulatory approvals and actions related to past, ongoing and proposed construction projects; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives and to integrate facilities into the Southern Company system upon completion of construction; and catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences. Georgia Power expressly disclaims any obligation to update any forward-looking information.
View original content to download multimedia:https://www.prnewswire.com/news-releases/georgia-power-begins-construction-of-newest-battery-storage-system-in-wadley-ga-302730157.htmlSOURCE Georgia Power
Original: Georgia Power begins construction of newest battery storage system in Wadley, Ga.
US Market News
3月前
Southern Company receives historic Department of Energy $26.5 billion loan guarantees to increase grid reliabilityFebruary 25, 2026 9:26 AM
PR Newswire (US)
Investments to create an estimated $7 billion in benefits for Southern Company customers, helping lower energy costs and strengthen the grid, while advancing the president's energy dominance and affordability agendaATLANTA, Feb. 25, 2026 /PRNewswire/ -- Customers across Alabama and Georgia are set to benefit from a historic U.S. government investment into energy infrastructure and grid reliability. Southern Company's subsidiaries, Georgia Power and Alabama Power, have received a loan package of up to $26.54 billion from the Department of Energy's Office of Energy Dominance Financing (EDF). Over the approximately 30-year term of the loans, customers are expected to recognize estimated savings of $7 billion.
Southern Company's vertically integrated, state regulated-model provides an orderly and transparent framework for working with regulators to deploy essential energy infrastructure investments – like those supported by the EDF loans for the benefit of customers. Under these new EDF loans, Southern Company subsidiaries will be among the first to take advantage of the funding provided by President Trump's Energy Dominance Financing Program created by the Working Families Tax Cut and will finance a portfolio of projects across its Southeastern service territory."These investments will support the extraordinary and transformative projected growth we're seeing across our company. These loans will help lower the cost of investments in our grid that will enhance reliability and resilience for the benefit of our customers," said Chris Womack, chairman, president and CEO of Southern Company. "At Southern Company, we are focused on serving growth while maintaining rate stability and driving long-term savings for customers. We believe the actions we're taking today will leave an enduring, positive impact on generations to come. We thank President Donald J. Trump and U.S. Department of Energy Secretary Chris Wright for their leadership and support of American energy infrastructure and the millions of customers we are privileged to serve."These essential energy infrastructure investments include power from natural gas, nuclear uprates and license extensions, hydropower and battery energy storage, as well as transmission system improvements and grid enhancements to help provide safe, reliable and affordable energy to Alabama Power and Georgia Power's combined 4.3 million customers. Financial draws from the EDF loans announced today are subject to satisfaction of conditions and may be made through September 15, 2033.About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning projected future growth and estimated customer benefits, which will depend on the ultimate amount of borrowings, the timing of borrowings, and the interest rate savings at the time of each borrowing. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state legal and regulatory changes, as well as changes in application of existing laws, regulations and guidance; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings, or inquiries; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate; variations in demand for electricity, including uncertainties related to projected significant growth in electricity demand driven primarily by data centers and other large load customers, and the related requirement for substantial new generation and transmission investments, creating capital access and revenue recovery risks for Southern Company's electric utilities; customer affordability matters; available sources and costs of natural gas and other fuels and commodities; transmission constraints; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects; legal proceedings and regulatory approvals and actions related to past, ongoing, and proposed construction projects, including state public service commission approvals and Federal Energy Regulatory Commission and U.S. Nuclear Regulatory Commission actions; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; advances in technology, including the pace and extent of development of low- to no-carbon energy and battery energy storage technologies and the impact of advancing technology on data center and other large load customer demand; state and federal rate regulations and the impact of pending and future rate cases and negotiations; the ability to successfully operate Southern Company's electric utilities' generation, transmission, distribution, and battery energy storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating nuclear generating facilities; the inherent risks involved in generation, transmission, and distribution of electricity, including accidents, explosions, fires, mechanical problems, discharges or releases of toxic or hazardous substances or gases, and other environmental risks; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of cyber and physical attacks; global and U.S. economic conditions, including impacts from geopolitical conflicts, recession, inflation, changes in trade policies (including tariffs and other trade measures) of the United States and other countries, interest rate fluctuations, and financial market conditions, and the results of financing efforts; prolonged or recurring U.S. federal government shutdowns; access to capital markets and other financing sources; changes in Southern Company's and any of its subsidiaries' credit ratings; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences; and the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid or operation of generating or storage resources. Southern Company expressly disclaims any obligation to update any forward-looking information.
View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-company-receives-historic-department-of-energy-26-5-billion-loan-guarantees-to-increase-grid-reliability-302697140.htmlSOURCE Southern Company
Original: Southern Company receives historic Department of Energy $26.5 billion loan guarantees to increase grid reliability
US Market News
3月前
Southern Company reports fourth-quarter and full-year 2025 earningsFebruary 19, 2026 7:30 AM
PR Newswire (US)
ATLANTA, Feb. 19, 2026 /PRNewswire/ -- Southern Company today reported fourth-quarter earnings of $416 million, or $0.38 per share, in 2025 compared with earnings of $534 million, or $0.49 per share, in the fourth quarter of 2024. Southern Company also reported full-year 2025 earnings of $4.3 billion, or $3.94 per share, compared with $4.4 billion, or $4.02 per share, in 2024.
Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $612 million, or $0.55 per share, during the fourth quarter of 2025, compared with $544 million, or $0.50 per share, during the fourth quarter of 2024. For the full-year 2025, excluding these items, Southern Company earned $4.7 billion, or $4.30 per share, compared with $4.4 billion, or $4.05 per share, for 2024.Non-GAAP Financial MeasuresThree Months Ended December
Year-To-Date DecemberNet Income – Excluding Items (in millions)20252024
20252024Net Income – As Reported$ 416$ 534
$ 4,341$ 4,401Less:
Estimated Loss on Plants Under Construction19(4)
467Tax Impact(5)1
(15)(15)Accelerated Depreciation from Repowering(116)(9)
(284)(9)Tax Impact262
632Loss on Extinguishment of Debt(123)—
(252)—Tax Impact31—
63—Disposition Impacts——
2—Tax Impact——
(1)—Impairments——
—(36)Tax Impact——
—9Estimated Loss on Nicor Gas Capital Investments(63)—
(63)—Tax Impact16—
16—Adjustment to Certain Tax Benefit from Tax Reform19—
19—Net Income – Excluding Items$ 612$ 544
$ 4,747$ 4,443Average Shares Outstanding – (in millions) 1,1091,098
1,1031,096Basic Earnings Per Share – Excluding Items$ 0.55$ 0.50
$ 4.30$ 4.05NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.Adjusted earnings drivers for the full year 2025, as compared with 2024, were higher utility revenues, partially offset by higher non-fuel operations and maintenance expenses, depreciation and amortization, and interest expense.Fourth-quarter 2025 operating revenues were $7.0 billion, compared with $6.3 billion for the fourth quarter of 2024, an increase of 10.1%. Operating revenues for the full year 2025 were $29.6 billion, compared with $26.7 billion in 2024, an increase of 10.6%."2025 was another outstanding year for Southern Company, and it was also a transformative one. Southern Company is meeting the growing demand responsibly, while continuing to deliver value and benefits to all of our customers," said Chris Womack, chairman, president and CEO. "Taking a disciplined, all-of-the-above approach is how we will continue to operate our company to serve this projected generational growth in a way that supports rate stability and helps drive long-term savings for our customers. Our nearly 30,000 employees remain committed to putting customers first, working every day to help keep costs down and provide reliable energy to the communities we are privileged to serve."Southern Company's fourth-quarter and full-year earnings slides with supplemental financial information, including earnings guidance, are available at investor.southerncompany.com.Southern Company's financial analyst call will begin at 1 p.m. Eastern Time today, during which Womack and Chief Financial Officer David P. Poroch will discuss earnings and provide a general business update. Investors, media and the public may listen to a live webcast of the call and view associated slides at investor.southerncompany.com. A replay of the webcast will be available on the site for 12 months.About Southern Company
Southern Company (NYSE: SO) is a leading energy provider serving 9 million customers across the Southeast and beyond through its family of companies. The company has electric operating companies in three states, natural gas distribution companies in four states, a competitive generation company, a leading distributed energy solutions provider with national capabilities, a fiber optics network and telecommunications services. Our uncompromising values ensure we put the needs of those we serve at the center of everything we do and are the key to our sustained success, driven by our nearly 30,000 employees dedicated to delivering exceptional service. To learn more, visit www.southerncompany.com.Cautionary Note Regarding Forward-Looking Statements
Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Forward-looking information includes, among other things, statements concerning projected future growth and associated benefits. Southern Company cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The following factors, in addition to those discussed in Southern Company's Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent securities filings, could cause actual results to differ materially from management expectations as suggested by such forward-looking information: the impact of recent and future federal and state legal and regulatory changes, including tax, environmental and other laws and regulations to which Southern Company and its subsidiaries are subject, as well as changes in application of existing laws, regulations and guidance; the extent and timing of costs and legal requirements related to coal combustion residuals; current and future litigation or regulatory investigations, proceedings, or inquiries, including litigation related to the Kemper County energy facility; the effects, extent, and timing of the entry of additional competition in the markets in which Southern Company's subsidiaries operate, including from the development and deployment of alternative energy sources; variations in demand for electricity and natural gas, including uncertainties related to projected significant growth in electricity demand driven primarily by data centers and other large load customers, and the related requirement for substantial new generation and transmission investments, creating capital access and revenue recovery risks for the traditional electric operating companies; customer affordability matters; available sources and costs of natural gas and other fuels and commodities; the ability to complete necessary or desirable pipeline expansion or infrastructure projects, limits on pipeline capacity, public and policymaker support for such projects, and operational interruptions to natural gas distribution and transmission activities; transmission constraints; the ability to control costs and avoid cost and schedule overruns during the development, construction, and operation of facilities or other projects due to challenges which include, but are not limited to, changes in labor costs, availability, and productivity, challenges with the management of contractors or vendors, subcontractor performance, adverse weather conditions, shortages, delays, increased costs, or inconsistent quality of equipment, materials, and labor, contractor or supplier delay, the impacts of inflation and trade policies (including tariffs and other trade measures) of the United States and other countries, delays due to judicial or regulatory action, nonperformance under construction, operating, or other agreements, operational readiness, including specialized operator training and required site safety programs, engineering or design problems or any remediation related thereto, design and other licensing-based compliance matters, challenges with start-up activities, including major equipment failure or system integration, and/or operational performance, challenges related to future epidemic or pandemic health events, continued public and policymaker support for projects, environmental and geological conditions, delays or increased costs to interconnect facilities to transmission grids, and increased financing costs as a result of changes in interest rates or as a result of project delays; legal proceedings and regulatory approvals and actions related to past, ongoing, and proposed construction projects, including state public service commission or other applicable state regulatory agency approvals and Federal Energy Regulatory Commission and U.S. Nuclear Regulatory Commission actions; the ability to construct facilities in accordance with the requirements of permits and licenses, to satisfy any environmental performance standards and the requirements of tax credits and other incentives, and to integrate facilities into the Southern Company system upon completion of construction; investment performance of the employee and retiree benefit plans and nuclear decommissioning trust funds and, with respect to retiree benefit plans, changes in actuarial assumptions and differences between the assumptions and actual values, any of the foregoing of which could cause additional funding requirements; advances in technology, including the pace and extent of development of low- to no-carbon energy and battery energy storage technologies and the impact of advancing technology on data center and other large load customer demand; performance of counterparties under ongoing renewable energy partnerships and development agreements; state and federal rate regulations and the impact of pending and future rate cases and negotiations, including rate actions relating to return on equity, equity ratios, additional generating capacity and transmission facilities, extension of retirement dates for fossil fuel plants, and fuel and other cost recovery mechanisms; the ability to successfully operate Southern Company's electric utilities' generation, transmission, distribution, and battery energy storage facilities, as applicable, and Southern Company Gas' natural gas distribution and storage facilities and the successful performance of necessary corporate functions; the inherent risks involved in operating nuclear generating facilities; the inherent risks involved in generation, transmission, and distribution of electricity and transportation and storage of natural gas, including accidents, explosions, fires, mechanical problems, discharges or releases of toxic or hazardous substances or gases, and other environmental risks; the performance of projects undertaken by the non-utility businesses and the success of efforts to invest in and develop new opportunities; internal restructuring or other restructuring options that may be pursued; potential business strategies, including acquisitions or dispositions of assets or businesses, or interests therein, which cannot be assured to be completed or beneficial to Southern Company or its subsidiaries; the ability of counterparties of Southern Company and its subsidiaries to make payments as and when due and to perform as required; the ability to obtain new short- and long-term contracts with wholesale customers; the direct or indirect effect on the Southern Company system's business resulting from cyber intrusion or physical attack and the threat of cyber and physical attacks; global and U.S. economic conditions, including impacts from geopolitical conflicts, recession, inflation, changes in trade policies (including tariffs and other trade measures) of the United States and other countries, interest rate fluctuations, and financial market conditions, and the results of financing efforts; prolonged or recurring U.S. federal government shutdowns; access to capital markets and other financing sources; changes in Southern Company's and any of its subsidiaries' credit ratings; the ability of Southern Company's electric utilities to obtain additional generating capacity (or sell excess generating capacity) at competitive prices; catastrophic events such as fires, including wildfires, land movement, earthquakes, explosions, floods, high winds, tornadoes, hurricanes and other storms, solar flares, droughts, future epidemic or pandemic health events, wars, political unrest, or other similar occurrences; the direct or indirect effects on the Southern Company system's business resulting from incidents affecting the U.S. electric grid, natural gas pipeline infrastructure, or operation of generating or storage resources; impairments of goodwill or long-lived assets; and the effect of accounting pronouncements issued periodically by standard-setting bodies. Southern Company expressly disclaims any obligation to update any forward-looking information.Southern CompanyFinancial Highlights(In Millions Except Earnings Per Share)
Three Months Ended December
Year-To-DateDecemberNet Income – As Reported2025
2024
2025
2024Traditional Electric Operating Companies$ 588
$ 515
$ 4,582
$ 4,145Southern Power(16)
64
125
328Southern Company Gas183
185
732
740Total755
764
5,439
5,213Parent Company and Other(339)
(230)
(1,098)
(812)Net Income – As Reported$ 416
$ 534
$ 4,341
$ 4,401
Basic Earnings Per Share(1)$ 0.38
$ 0.49
$ 3.94
$ 4.02Average Shares Outstanding1,109
1,098
1,103
1,096
Non-GAAP Financial MeasuresThree Months Ended December
Year-To-DateDecemberNet Income – Excluding Items2025
2024
2025
2024Net Income – As Reported$ 416
$ 534
$ 4,341
$ 4,401Less:
Estimated Loss on Plants Under Construction(2)19
(4)
46
7Tax Impact(5)
1
(15)
(15)Accelerated Depreciation from Repowering(3)(116)
(9)
(284)
(9)Tax Impact26
2
63
2Loss on Extinguishment of Debt(4)(123)
—
(252)
—Tax Impact31
—
63
—Disposition Impacts(5)—
—
2
—Tax Impact—
—
(1)
—Impairments(5)—
—
—
(36)Tax Impact—
—
—
9Estimated Loss on Nicor Gas Capital Investments(6)(63)
—
(63)
—Tax Impact16
—
16
—Adjustment to Certain Tax Benefit from Tax Reform(7)19
—
19
—Net Income – Excluding Items$ 612
$ 544
$ 4,747
$ 4,443
Basic Earnings Per Share – Excluding Items$ 0.55
$ 0.50
$ 4.30
$ 4.05
See Notes on the following page. Southern CompanyFinancial Highlights Notes(1)Dilution is not material in any period presented. Diluted earnings per share was $0.38 and $3.92 for the three and twelve months ended December 31, 2025, respectively, and $0.48 and $3.99 for the three and twelve months ended December 31, 2024, respectively.(2)Earnings include pre-tax credits to income of $27 million ($20 million after tax) and $60 million ($45 million after tax) for the three and twelve months ended December 31, 2025, respectively, and $21 million ($16 million after tax) for the twelve months ended December 31, 2024 related to the estimated probable loss on Plant Vogtle Units 3 and 4 reflecting reductions to Georgia Power Company's total project capital cost forecast, including the impact of joint owner cost-sharing. Site demobilization efforts were completed during the third quarter 2025 and remaining contractor obligations were finalized during the fourth quarter 2025. Additionally, earnings for the twelve months ended December 31, 2025 and 2024 include income tax charges of $4 million and $14 million, respectively, related to the remeasuring of deferred tax assets associated with the previously recognized estimated probable loss on Plant Vogtle Units 3 and 4 due to changes in the State of Georgia corporate tax rate. Further charges related to the remeasuring of deferred tax assets may occur; however, the amount and timing are uncertain. Earnings for the three and twelve months ended December 31, 2025 and 2024 also include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Dismantlement of the abandoned gasifier-related assets was completed at the end of 2025. Site restoration activities are substantially complete, and any additional costs are expected to be immaterial.(3)Earnings include pre-tax charges, net of noncontrolling interests impacts, of $116 million ($90 million after tax) and $284 million ($221 million after tax) for the three and twelve months ended December 31, 2025, respectively, and $9 million ($7 million after tax) for the three and twelve months ended December 31, 2024 associated with accelerated depreciation related to the repowering of certain wind facilities at Southern Power Company. Accelerated depreciation related to the equipment being replaced will continue until the commercial operation dates of the repowering projects, which are projected to occur between the third quarter 2026 and the third quarter 2027. At December 31, 2025, the remaining pre-tax accelerated depreciation is projected to total approximately $490 million in 2026 and $100 million in 2027.(4)Earnings for the three and twelve months ended December 31, 2025 include loss on extinguishment of debt totaling $123 million ($92 million after tax) and $252 million ($189 million after tax), respectively, as a result of Southern Company's repurchase of certain convertible senior notes. Similar transaction costs may occur in the future at Southern Company or one of its unregulated subsidiaries; however, the amount and timing of any such costs are uncertain.(5)Earnings for the twelve months ended December 31, 2025 include a pre-tax gain of $2 million ($1 million after tax) related to the sale of a multi-use commercial facility development at Alabama Power Company. Further impacts may result from future disposition activities; however, the amount and timing of any such impacts are uncertain. Earnings for the twelve months ended December 31, 2024 include a pre-tax impairment loss of $36 million ($27 million after tax) associated with Alabama Power Company discontinuing development of the multi-use commercial facility. Impairment charges may occur in the future; however, the amount and timing of any such charges are uncertain.(6)Earnings for the three and twelve months ended December 31, 2025 include an estimated loss of $63 million ($47 million after tax) at Southern Company Gas related to Nicor Gas capital investment disallowances by the Illinois Commerce Commission. Further charges may occur; however, the amount and timing of any such charges are uncertain.(7)Earnings for the three and twelve months ended December 31, 2025 include a tax benefit totaling $19 million at Southern Company Gas related to an adjustment to the 2017 Tax Cuts and Jobs Act impact on certain deferred income tax balances resulting from Internal Revenue Service private letter rulings. Additional adjustments are not expected. Southern CompanySignificant Factors Impacting EPS
Three Months Ended December
Year-To-DateDecember
2025
2024
Change
2025
2024
ChangeEarnings Per Share –
As Reported(1)$ 0.38
$ 0.49
$ (0.11)
$ 3.94
$ 4.02
$ (0.08)
Significant Factors:
Traditional Electric Operating Companies
$ 0.07
$ 0.40Southern Power
(0.07)
(0.18)Southern Company Gas
—
(0.01)Parent Company and Other
(0.10)
(0.26)Increase in Shares
(0.01)
(0.03) Total – As Reported
$ (0.11)
$ (0.08)
Three Months Ended December
Year-To-DateDecemberNon-GAAP Financial Measures2025
2024
Change
2025
2024
ChangeEarnings Per Share –
Excluding Items$ 0.55
$ 0.50
$ 0.05
$ 4.30
$ 4.05
$ 0.25
Total – As Reported
$ (0.11)
$ (0.08)Less:
Estimated Loss on Plants Under Construction(2)
0.01
0.04Accelerated Depreciation from Repowering(3)
(0.07)
(0.20)Loss on Extinguishment of Debt(4)
(0.08)
(0.17)Disposition Impacts(5)
—
—Impairments(5)
—
0.02Estimated Loss on Nicor Gas Capital Investments(6)
(0.04)
(0.04)Adjustment to Certain Tax Benefit from Tax Reform(7)
0.02
0.02 Total – Excluding Items
$ 0.05
$ 0.25See Notes on the following page. Southern CompanySignificant Factors Impacting EPS Notes(1)Dilution is not material in any period presented. Diluted earnings per share was $0.38 and $3.92 for the three and twelve months ended December 31, 2025, respectively, and $0.48 and $3.99 for the three and twelve months ended December 31, 2024, respectively.(2)Earnings include pre-tax credits to income of $27 million ($20 million after tax) and $60 million ($45 million after tax) for the three and twelve months ended December 31, 2025, respectively, and $21 million ($16 million after tax) for the twelve months ended December 31, 2024 related to the estimated probable loss on Plant Vogtle Units 3 and 4 reflecting reductions to Georgia Power Company's total project capital cost forecast, including the impact of joint owner cost-sharing. Site demobilization efforts were completed during the third quarter 2025 and remaining contractor obligations were finalized during the fourth quarter 2025. Additionally, earnings for the twelve months ended December 31, 2025 and 2024 include income tax charges of $4 million and $14 million, respectively, related to the remeasuring of deferred tax assets associated with the previously recognized estimated probable loss on Plant Vogtle Units 3 and 4 due to changes in the State of Georgia corporate tax rate. Further charges related to the remeasuring of deferred tax assets may occur; however, the amount and timing are uncertain. Earnings for the three and twelve months ended December 31, 2025 and 2024 also include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Dismantlement of the abandoned gasifier-related assets was completed at the end of 2025. Site restoration activities are substantially complete, and any additional costs are expected to be immaterial.(3)Earnings include pre-tax charges, net of noncontrolling interests impacts, of $116 million ($90 million after tax) and $284 million ($221 million after tax) for the three and twelve months ended December 31, 2025, respectively, and $9 million ($7 million after tax) for the three and twelve months ended December 31, 2024 associated with accelerated depreciation related to the repowering of certain wind facilities at Southern Power Company. Accelerated depreciation related to the equipment being replaced will continue until the commercial operation dates of the repowering projects, which are projected to occur between the third quarter 2026 and the third quarter 2027. At December 31, 2025, the remaining pre-tax accelerated depreciation is projected to total approximately $490 million in 2026 and $100 million in 2027.(4)Earnings for the three and twelve months ended December 31, 2025 include loss on extinguishment of debt totaling $123 million ($92 million after tax) and $252 million ($189 million after tax), respectively, as a result of Southern Company's repurchase of certain convertible senior notes. Similar transaction costs may occur in the future at Southern Company or one of its unregulated subsidiaries; however, the amount and timing of any such costs are uncertain.(5)Earnings for the twelve months ended December 31, 2025 include a pre-tax gain of $2 million ($1 million after tax) related to the sale of a multi-use commercial facility development at Alabama Power Company. Further impacts may result from future disposition activities; however, the amount and timing of any such impacts are uncertain. Earnings for the twelve months ended December 31, 2024 include a pre-tax impairment loss of $36 million ($27 million after tax) associated with Alabama Power Company discontinuing development of the multi-use commercial facility. Impairment charges may occur in the future; however, the amount and timing of any such charges are uncertain.(6)Earnings for the three and twelve months ended December 31, 2025 include an estimated loss of $63 million ($47 million after tax) at Southern Company Gas related to Nicor Gas capital investment disallowances by the Illinois Commerce Commission. Further charges may occur; however, the amount and timing of any such charges are uncertain.(7)Earnings for the three and twelve months ended December 31, 2025 include a tax benefit totaling $19 million at Southern Company Gas related to an adjustment to the 2017 Tax Cuts and Jobs Act impact on certain deferred income tax balances resulting from Internal Revenue Service private letter rulings. Additional adjustments are not expected. Southern CompanyEPS Earnings Analysis
DescriptionThree Months EndedDecember2025 vs. 2024
Year-To-DateDecember2025 vs. 2024
Retail Sales3¢
15¢
Retail Revenue Impacts8
60
Weather—
(3)
Wholesale and Other Operating Revenues(1)
16
Non-Fuel Operations and Maintenance Expenses(1)(4)
(20)
Depreciation and Amortization(8)
(25)
Interest Expense and Other(1)
(10)
Income Taxes8
1
Total Traditional Electric Operating Companies5¢
34¢
Southern Power—
1
Southern Company Gas2
2
Parent Company and Other(1)
(9)
Increase in Shares(1)
(3)
Total Change in EPS (Excluding Items)5¢
25¢
Estimated Loss on Plants Under Construction(2)1
4
Accelerated Depreciation from Repowering(3)(7)
(20)
Loss on Extinguishment of Debt(4)(8)
(17)
Disposition Impacts(5)—
—
Impairments(5)—
2
Estimated Loss on Nicor Gas Capital Investments(6)(4)
(4)
Adjustment to Certain Tax Benefit from Tax Reform(7)2
2
Total Change in EPS (As Reported)(11)¢
(8)¢See Notes on the following page. Southern CompanyEPS Earnings Analysis Notes(1)Excludes gains/losses on asset sales, which are included in "Interest Expense and Other." Includes non-service cost-related benefits income.(2)Earnings include pre-tax credits to income of $27 million ($20 million after tax) and $60 million ($45 million after tax) for the three and twelve months ended December 31, 2025, respectively, and $21 million ($16 million after tax) for the twelve months ended December 31, 2024 related to the estimated probable loss on Plant Vogtle Units 3 and 4 reflecting reductions to Georgia Power Company's total project capital cost forecast, including the impact of joint owner cost-sharing. Site demobilization efforts were completed during the third quarter 2025 and remaining contractor obligations were finalized during the fourth quarter 2025. Additionally, earnings for the twelve months ended December 31, 2025 and 2024 include income tax charges of $4 million and $14 million, respectively, related to the remeasuring of deferred tax assets associated with the previously recognized estimated probable loss on Plant Vogtle Units 3 and 4 due to changes in the State of Georgia corporate tax rate. Further charges related to the remeasuring of deferred tax assets may occur; however, the amount and timing are uncertain. Earnings for the three and twelve months ended December 31, 2025 and 2024 also include charges (net of salvage proceeds), associated legal expenses (net of insurance recoveries), and tax impacts related to Mississippi Power Company's integrated coal gasification combined cycle facility project in Kemper County, Mississippi. Dismantlement of the abandoned gasifier-related assets was completed at the end of 2025. Site restoration activities are substantially complete, and any additional costs are expected to be immaterial.(3)Earnings include pre-tax charges, net of noncontrolling interests impacts, of $116 million ($90 million after tax) and $284 million ($221 million after tax) for the three and twelve months ended December 31, 2025, respectively, and $9 million ($7 million after tax) for the three and twelve months ended December 31, 2024 associated with accelerated depreciation related to the repowering of certain wind facilities at Southern Power Company. Accelerated depreciation related to the equipment being replaced will continue until the commercial operation dates of the repowering projects, which are projected to occur between the third quarter 2026 and the third quarter 2027. At December 31, 2025, the remaining pre-tax accelerated depreciation is projected to total approximately $490 million in 2026 and $100 million in 2027.(4)Earnings for the three and twelve months ended December 31, 2025 include loss on extinguishment of debt totaling $123 million ($92 million after tax) and $252 million ($189 million after tax), respectively, as a result of Southern Company's repurchase of certain convertible senior notes. Similar transaction costs may occur in the future at Southern Company or one of its unregulated subsidiaries; however, the amount and timing of any such costs are uncertain.(5)Earnings for the twelve months ended December 31, 2025 include a pre-tax gain of $2 million ($1 million after tax) related to the sale of a multi-use commercial facility development at Alabama Power Company. Further impacts may result from future disposition activities; however, the amount and timing of any such impacts are uncertain. Earnings for the twelve months ended December 31, 2024 include a pre-tax impairment loss of $36 million ($27 million after tax) associated with Alabama Power Company discontinuing development of the multi-use commercial facility. Impairment charges may occur in the future; however, the amount and timing of any such charges are uncertain.(6)Earnings for the three and twelve months ended December 31, 2025 include an estimated loss of $63 million ($47 million after tax) at Southern Company Gas related to Nicor Gas capital investment disallowances by the Illinois Commerce Commission. Further charges may occur; however, the amount and timing of any such charges are uncertain.(7)Earnings for the three and twelve months ended December 31, 2025 include a tax benefit totaling $19 million at Southern Company Gas related to an adjustment to the 2017 Tax Cuts and Jobs Act impact on certain deferred income tax balances resulting from Internal Revenue Service private letter rulings. Additional adjustments are not expected. Southern CompanyConsolidated EarningsAs Reported
Three Months Ended December
Year-To-DateDecember
2025
2024
Change
2025
2024
Change
(in millions)
(in millions)Retail electric revenues:
Fuel$ 1,060
$ 963
$ 97
$ 4,682
$ 4,213
$ 469Non-fuel3,206
3,034
172
14,649
13,577
1,072Wholesale electric revenues684
512
172
2,941
2,431
510Other electric revenues229
265
(36)
953
896
57Natural gas revenues1,492
1,236
256
5,044
4,456
588Other revenues310
331
(21)
1,284
1,151
133Total operating revenues6,981
6,341
640
29,553
26,724
2,829Fuel and purchased power1,355
1,136
219
5,877
4,979
898Cost of natural gas553
344
209
1,599
1,196
403Cost of other sales165
204
(39)
687
668
19Non-fuel operations and maintenance2,118
1,996
122
7,066
6,518
548Depreciation and amortization1,471
1,218
253
5,501
4,755
746Taxes other than income taxes402
385
17
1,538
1,540
(2)Total operating expenses6,064
5,283
781
22,268
19,656
2,612Operating income917
1,058
(141)
7,285
7,068
217Allowance for equity funds used during construction97
68
29
340
235
105Earnings from equity method investments36
32
4
112
139
(27)Interest expense, net of amounts capitalized895
693
202
3,238
2,743
495Other income (expense), net41
80
(39)
500
530
(30)Income taxes(145)
79
(224)
828
969
(141)Net income341
466
(125)
4,171
4,260
(89)Net loss attributable to noncontrolling interests(75)
(68)
(7)
(170)
(141)
(29)Net income attributable to Southern Company$ 416
$ 534
$ (118)
$ 4,341
$ 4,401
$ (60)Certain prior year data may have been reclassified to conform with current year presentation. Southern CompanyKilowatt-Hour Sales and Customers
Three Months Ended December
Year-To-Date December
2025
2024
% Change
Weather
Adjusted
% Change
2025
2024
% Change
Weather
Adjusted
% Change
(in millions)
(in millions)
Kilowatt-Hour Sales
Total Sales48,868
46,577
4.9 %
203,840
199,038
2.4 %
Total Retail Sales35,330
34,752
1.7 %
1.4 %
151,336
148,906
1.6 %
1.7 %Residential10,964
10,827
1.3 %
(0.3) %
49,793
49,269
1.1 %
0.8 %Commercial12,144
11,789
3.0 %
3.8 %
51,439
50,208
2.5 %
2.8 %Industrial12,092
12,005
0.7 %
0.7 %
49,580
48,894
1.4 %
1.4 %Other130
131
(0.4) %
(0.3) %
524
535
(2.0) %
(2.0) %
Total Wholesale Sales13,538
11,825
14.5 %
N/A
52,504
50,132
4.7 %
N/A
Period Ended December
2025
2024
% Change
(in thousands)
Regulated Utility Customers
Total Regulated Utility Customers
9,005
8,936
0.8 %
Traditional Electric Operating Companies
4,590
4,549
0.9 %
Southern Company Gas
4,415
4,387
0.6 %
Southern CompanyFinancial OverviewAs Reported
Three Months Ended December
Year-To-DateDecember
2025
2024
% Change
2025
2024
% Change
(in millions)
(in millions)
Southern Company –
Operating Revenues$ 6,981
$ 6,341
10.1 %
$ 29,553
$ 26,724
10.6 %Earnings Before Income Taxes196
545
(64.0) %
4,999
5,229
(4.4) %Net Income Available to Common416
534
(22.1) %
4,341
4,401
(1.4) %
Alabama Power –
Operating Revenues$ 1,937
$ 1,751
10.6 %
$ 8,235
$ 7,554
9.0 %Earnings Before Income Taxes197
246
(19.9) %
1,941
1,763
10.1 %Net Income Available to Common173
208
(16.8) %
1,516
1,403
8.1 %
Georgia Power –
Operating Revenues$ 2,713
$ 2,586
4.9 %
$ 12,631
$ 11,331
11.5 %Earnings Before Income Taxes389
381
2.1 %
3,453
3,146
9.8 %Net Income Available to Common399
294
35.7 %
2,851
2,543
12.1 %
Mississippi Power –
Operating Revenues$ 394
$ 345
14.2 %
$ 1,695
$ 1,463
15.9 %Earnings Before Income Taxes24
13
84.6 %
280
246
13.8 %Net Income Available to Common17
13
30.8 %
215
199
8.0 %
Southern Power –
Operating Revenues$ 472
$ 417
13.2 %
$ 2,198
$ 2,014
9.1 %Earnings (Loss) Before Income Taxes(155)
(49)
216.3 %
(106)
174
(160.9) %Net Income (Loss) Available to Common(16)
64
(125.0) %
125
328
(61.9) %
Southern Company Gas –
Operating Revenues$ 1,492
$ 1,236
20.7 %
$ 5,044
$ 4,456
13.2 %Earnings Before Income Taxes196
259
(24.3) %
914
998
(8.4) %Net Income Available to Common183
185
(1.1) %
732
740
(1.1) %See Financial Highlights pages for discussion of certain significant items occurring during the periods.
View original content to download multimedia:https://www.prnewswire.com/news-releases/southern-company-reports-fourth-quarter-and-full-year-2025-earnings-302692191.htmlSOURCE Southern Company
Original: Southern Company reports fourth-quarter and full-year 2025 earnings
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