Southern Company (The)
93.51-0.40 (-0.43%)
Oct 29, 4:00:02 PM EDT · NYSE · SO · USD
Key Stats
Market Cap
102.87BP/E (TTM)
24.16Basic EPS (TTM)
3.87Dividend Yield
0.03%Recent Filings
8-K
Conversion rate adjusted upward
The Southern Company adjusted the conversion rate for its Series 2023A 3.875% Convertible Senior Notes due December 15, 2025, effective September 15, 2025, to 11.9035 shares of common stock per $1,000 principal amount. This stems from six quarterly cash dividends exceeding the $0.70 per share threshold since issuance, with prior adjustments deferred under the indenture until now. The move aligns note terms with dividend payouts. No immediate conversion impact.
10-Q
Q2 FY2025 results
Southern Company's Q2 FY2025 results showed steady revenue growth yet softer profitability amid rising costs. Total operating revenues climbed 8% y/y to $6.97B, driven by 6% higher retail electric sales ($4.76B, up from $4.49B) on rates, pricing, and usage gains, plus 18% y/y natural gas revenue jump to $979M from base hikes and commodity prices; wholesale electric added 9% y/y to $681M on energy volumes. Operating income dipped 9% y/y to $1.76B as non-fuel O&M surged 21% y/y to $1.69B from outages and maintenance, while depreciation rose 12% y/y to $1.32B on new assets. Diluted EPS fell 28% y/y to $0.79, reconciling to 1.108B shares; net income attributable to Southern Company dropped 27% y/y to $880M. Cash from operations hit $3.43B y/y, funding $5.24B capex; FCF not disclosed in the 10-Q. Liquidity remains solid with $1.26B cash and $8.89B unused credit, total debt at $68.35B (up from $63.49B y/y, derived). No material M&A closed; Plant Vogtle Unit 4 integration advances. Regulatory risks loom from EPA's 2024 GHG rules, potentially hiking compliance costs over $1B through 2035.
8-K
Q2 earnings dip amid costs
Southern Company reported second-quarter 2025 earnings of $0.9 billion, or $0.80 per share, down from $1.2 billion, or $1.10 per share, in 2024, driven by higher operations and maintenance expenses, milder weather, and increased taxes, depreciation, and interest, despite 7.9% revenue growth to $7.0 billion from higher utility sales. Excluding one-time charges like $129 million debt extinguishment and $40 million wind repowering depreciation, adjusted earnings hit $1.0 billion, or $0.92 per share. Repowering projects will drag earnings through 2027.
8-K
Board and comptroller appointments
The Southern Company bolstered its board on July 21, 2025, by electing John M. Turner Jr., Regions Financial's CEO and Chairman, effective September 1, 2025; committee assignments remain pending. It also appointed Matthew M. Kim as Comptroller effective July 31, 2025, with a $425,000 base salary, 50% incentive target, and 70% long-term equity target. These moves strengthen governance and finance oversight. No special arrangements disclosed.
8-K
CFO succession announced
The Southern Company appointed David P. Poroch as Executive Vice President and Chief Financial Officer effective July 31, 2025, succeeding Daniel S. Tucker, who steps down that date but continues as a senior advisor until retiring October 1, 2025. Poroch, 56, brings extensive finance experience from roles at Southern Company Gas and Georgia Power. Post-retirement, Tucker expects a two-year consulting agreement with Southern Company Services paying $300,000 annually. Leadership continuity eases the transition.
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