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SO

The Southern·NYSE
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SO fundamentals

The Southern (SO) released its earnings on Feb 19, 2026: revenue was 6.98B (YoY +10.09%), beat estimates; EPS was 0.55 (YoY +10.00%), missed estimates.
Revenue / YoY
6.98B
+10.09%
EPS / YoY
0.55
+10.00%
Report date
Feb 19, 2026
SO Earnings Call Summary for Q4,2025
  • Record Financial Performance: 2025 EPS of $4.30 (top of guidance), with 9% growth since 2023, driven by 17% YoY data center usage and 1.7% retail sales growth.
  • Exceptional Growth Outlook: 2026-2028 EPS guidance of 7%-8% CAGR, supported by 10+ gigawatts of signed contracts and $81 billion capital plan.
  • Strategic Capital Allocation: 30% increase in 5-year capex to $81 billion, with 95% allocated to state-regulated utilities, targeting 17% FFO to debt by 2029.
  • Southern Power Upside: Potential to reprice 1,000 MW of natural gas capacity at 2-3x current rates, with 700 MW brownfield expansion opportunities.
  • Customer-Centric Growth: 21,000 new jobs, 39,000 new residential customers, and $1.7 billion in customer savings from large load contracts.
EPS
Q1,undefined
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Q1,undefined
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Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.780.781.220.470.980.841.230.360.971.071.310.260.790.791.420.641.031.091.430.51.230.921.60.55
Forecast
0.71040.66971.20940.41590.83270.79241.21920.35360.90690.84061.3280.24580.70780.74651.3230.60160.89790.93151.3360.50561.20130.87541.50760.5551
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+9.80%
+16.47%
+0.88%
+13.01%
+17.69%
+6.01%
+0.89%
+1.81%
+6.96%
+27.29%
-1.36%
+5.78%
+11.61%
+5.83%
+7.33%
+6.38%
+14.71%
+17.02%
+7.04%
-1.11%
+2.39%
+5.09%
+6.13%
-0.92%
Revenue
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Q4,undefined
Q1,undefined
Q2,undefined
Q3,undefined
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------------------5.02B4.62B5.62B5.12B5.91B5.20B6.24B5.77B6.65B7.21B8.38B7.05B6.48B5.75B6.98B6.04B6.65B6.46B7.27B6.34B7.78B6.97B7.82B6.98B
Forecast
--------------------------------5.47B4.92B6.36B5.79B5.49B5.05B6.12B4.62B6.00B5.44B6.89B4.99B6.17B6.47B8.23B6.90B6.59B6.10B7.14B5.90B7.15B6.36B7.62B6.07B
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
-8.28%
-6.00%
-11.58%
-11.62%
+7.74%
+2.95%
+1.90%
+24.88%
+10.88%
+32.56%
+21.65%
+41.12%
+5.11%
-11.20%
-15.17%
-12.35%
+0.84%
+5.96%
+1.85%
+7.43%
+8.68%
+9.58%
+2.71%
+14.94%

Earnings Call