Southern Co Q1 adjusted EPS beats estimates, revenue up 8%

Southern

30/04/2026 12:40

Overview

U.S. energy provider's Q1 operating revenue rose 8% yr/yr

Adjusted EPS for Q1 beat analyst expectations

Higher utility revenues drove earnings, offset by milder weather and higher interest expense

Outlook

Southern Co projects accelerated depreciation charges of $335 mln in 2026 and $100 mln in 2027

Company expects regional growth to drive demand for new infrastructure investments

Result Drivers

HIGHER UTILITY REVENUES - Co said increased utility revenues supported earnings growth

MILDER WEATHER - Milder than normal weather at regulated electric utilities partially offset revenue gains

HIGHER INTEREST EXPENSE - Increased interest expense weighed on Q1 results

Company press release: ID:nPn5rmyZga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating revenue
$8.40 bln
Q1 Adjusted EPS
Beat
$1.32
$1.21 (16 Analysts)
Q1 Adjusted Net Income
$1.50 bln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 17 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Southern Co is $102.00, about 9.1% above its April 29 closing price of $93.51

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 19 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)