Southern Co Q2 adjusted EPS beats expectations on customer growth

Southern

30/07/2026 12:45

Overview
US utility provider's Q2 revenue up 0.1% yr/yr
Adjusted EPS for Q2 rose and beat analyst expectations
Company cites investments in utilities, customer growth, and lower income taxes as drivers

Outlook
Company says strong economic development and power demand continue to drive opportunities in the Southeast

Result Drivers
UTILITY INVESTMENT - Increased investment in state-regulated utilities contributed to higher adjusted earnings
CUSTOMER GROWTH - Higher customer usage and growth supported results
LOWER INCOME TAXES - Decrease in income tax expense boosted quarterly earnings

Company press release: ID:nPn71p7Yka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating revenue
 
$6.98 bln
 
Q2 Adjusted EPS (basic)
Beat
$1.13
$1.001 (17 Analysts)
Q2 Adjusted Net Income
 
$1.30 bln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 16 "hold" and 2 "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 6.2% above its July 29 closing price of $96.05
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
July 30 - American Electric Power Q2 revenue beats estimates, raises FY outlook
July 29 - Entergy misses quarterly profit estimates as operating costs weigh
July 30 - Xcel Energy tops second-quarter profit estimates on higher infrastructure investment recovery

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.)