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SO — Southern News Story

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UtilitiesConservativeLarge CapNeutral

Southern Co Q3 revenue up 7.5%, beats estimates

Overview

Southern Co Q3 revenue rises 7.5% yr/yr, beating analyst expectations

Adjusted EPS for Q3 beats consensus, reflecting improved operational performance

Company's Q3 results driven by higher utility revenues despite higher depreciation and interest expenses

Outlook

Southern Co did not provide specific financial guidance for future quarters or the full year

Result Drivers

UTILITY REVENUES - Higher utility revenues drove Q3 results, offsetting increased depreciation and interest expenses

MILDER WEATHER - Milder weather conditions impacted demand during Q3

ELECTRIC DEMAND GROWTH - Strategic focus on electric demand growth and service reliability contributed to performance, per CEO Chris Womack

Key Details

MetricBeat/MissActualConsensus Estimate
Q3 RevenueBeat$7.80 bln$7.60 bln (9 Analysts)
Q3 Adjusted EPSBeat$1.60$1.50 (16 Analysts)
Q3 Adjusted Net IncomeBeat$1.80 bln$1.66 bln (6 Analysts)
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 15 "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 $102.50, about 8.8% above its October 29 closing price of $93.51 The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago Press Release: ID:nPn1KpJHpa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@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.)

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