)
The Southern Company (SO) investor relations material
The Southern Company Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved adjusted EPS of $4.30 for 2025, at the top of guidance, representing 6% year-over-year growth and 9% CAGR since 2023.
Retail electricity sales grew 1.7% year-over-year, with strong contributions from residential, commercial (notably data centers), and industrial segments.
Signed 10 GW of large load contracts, supporting robust sales and infrastructure growth, with another 10 GW in late-stage negotiations.
$81 billion capital expenditure plan for 2026–2030, up 30% from prior plan, focused on new generation, transmission, and grid resilience.
24 consecutive years of dividend increases and 78 years of stable or rising dividends.
Financial highlights
2025 adjusted EPS: $4.30 (guidance range $4.20–$4.30); reported EPS: $3.94.
Full-year 2025 operating revenues increased 10.6% to $29.6 billion from $26.7 billion in 2024.
Delivered adjusted earnings at or above guidance for 11 consecutive years.
Dividend per share for 2025 was $2.80, with 3.3% average annual growth since 2002.
FFO to debt improved to 15.4% in 2025, up from 14.8% in 2024.
Outlook and guidance
2026 adjusted EPS guidance: $4.50–$4.60, representing 7% growth from 2025.
Initial EPS guidance for 2027: $4.85–$4.95 (8% growth); for 2028: $5.25–$5.45 (9% growth).
Long-term adjusted EPS growth projected at 7–8% from 2028 guidance through 2030, with 9% annual rate base growth and 10% annual retail sales growth forecasted.
Over 90% of projected earnings from state-regulated electric and gas utilities.
Commercial sales projected to more than double, growing ~20% annually through 2030.
Next The Southern Company earnings date
Next The Southern Company earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)