NYSE$SO
Southern Co · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Southern Company reported strong first-quarter earnings driven by investments in state-regulated utilities, weather conditions, and increased commercial customer sales.
Southern Company reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024, compared to $862 million, or 79 cents per share, in the first quarter of 2023. The performance was driven by higher utility revenues, partially offset by increased interest expense and depreciation and amortization.
- First-quarter earnings were $1.1 billion, or $1.03 per share, compared to $862 million, or 79 cents per share, in the first quarter of 2023.
- Operating revenues increased by 2.6% to $6.6 billion, compared to $6.5 billion in the first quarter of 2023.
- Plant Vogtle Unit 4 achieved commercial operation, making Plant Vogtle the largest generator of clean energy in the United States.
- Adjusted earnings were driven by higher utility revenues, partially offset by increased interest expense and depreciation and amortization.
Headline financials
Revenue & EPS history
Southern Co · Revenue · Quarterly
$6.65B
Revenue by segment
Southern Co · $7.02B total across 3 segments · Q3 2023
- Alabama Power$5.67B-18.2%80.9%
- Southern Company Gas$689M-19.6%9.8%
- Southern Power$653M-44.7%9.3%
Forward guidance
No specific forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+0.1%
Avg return
Earnings day
+0.4%
Avg return
5 days after
-0.4%
Avg return
30 days after
49%
36 / 73 earnings
Positive
+6.1%
Q2 2024
Best reaction
-5.2%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +3.8% | +2.6% | -1.5% | |
| Q4 2025 | +1.0% | +5.2% | +2.6% | |
| Q3 2025 | +1.7% | -0.8% | -2.6% | |
| Q2 2025 | -0.3% | +0.8% | -3.0% | |
| Q1 2025 | -0.5% | -0.7% | -2.1% | |
| Q4 2024 | +1.5% | +3.9% | +3.3% | |
| Q3 2024 | -0.9% | -0.7% | -0.3% | |
| Q2 2024 | +6.1% | +3.5% | +3.4% | |
| Q1 2024 | +1.8% | +3.3% | +7.5% | |
| Q4 2023 | -2.0% | -1.1% | +1.9% | |
| Q3 2023 | +2.9% | +0.4% | +4.5% | |
| Q2 2023 | -4.4% | -3.0% | -5.3% | |
| Q1 2023 | +1.3% | +0.8% | -4.3% | |
| Q4 2022 | -0.2% | -1.8% | +1.7% | |
| Q3 2022 | +1.1% | -0.2% | +1.9% | |
| Q2 2022 | +5.0% | +3.6% | +6.7% | |
| Q1 2022 | -0.1% | -0.5% | +3.5% | |
| Q4 2021 | -1.7% | -0.9% | +4.9% | |
| Q3 2021 | +0.9% | +1.3% | +0.4% | |
| Q2 2021 | -0.2% | +0.2% | +3.1% | |
| Q1 2021 | +2.8% | +3.2% | -0.7% | |
| Q4 2020 | +0.1% | -0.6% | +0.7% | |
| Q3 2020 | -1.6% | +2.6% | +3.9% | |
| Q2 2020 | -1.4% | -1.7% | -5.4% | |
| Q1 2020 | -5.2% | -3.0% | -0.5% | |
| Q4 2019 | +0.6% | -2.6% | -32.4% | |
| Q3 2019 | +2.9% | +1.3% | +1.8% | |
| Q2 2019 | +3.1% | +1.2% | +5.4% | |
| Q1 2019 | -0.9% | -0.4% | +0.5% | |
| Q4 2018 | +2.7% | +1.3% | +6.1% | |
| Q3 2018 | +2.0% | +2.7% | +2.9% | |
| Q2 2018 | -4.6% | -5.5% | -9.7% | |
| Q1 2018 | +1.0% | -0.8% | -3.5% | |
| Q4 2017 | -1.0% | +1.3% | -0.8% | |
| Q3 2017 | +2.0% | -1.1% | -2.1% | |
| Q2 2017 | +1.7% | +1.0% | -0.6% | |
| Q1 2017 | +0.6% | +1.1% | +3.0% | |
| Q4 2016 | +2.9% | +4.1% | +4.4% | |
| Q3 2016 | -0.4% | -1.2% | -7.7% | |
| Q2 2016 | -2.2% | -1.5% | -6.2% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | -2.4% | — | — | |
| Q3 2015 | -1.6% | — | — | |
| Q2 2015 | +1.9% | — | — | |
| Q1 2015 | -0.8% | — | — | |
| Q4 2014 | -2.1% | — | — | |
| Q3 2014 | -1.9% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | -2.5% | — | — | |
| Q4 2013 | -0.9% | — | — | |
| Q3 2013 | -3.5% | — | — | |
| Q2 2013 | -2.4% | — | — | |
| Q1 2013 | -1.2% | — | — | |
| Q4 2012 | -0.9% | — | — | |
| Q3 2012 | -3.6% | — | — | |
| Q2 2012 | +2.1% | — | — | |
| Q1 2012 | +0.0% | — | — | |
| Q4 2011 | +0.4% | — | — | |
| Q3 2011 | +1.8% | — | — | |
| Q2 2011 | -2.4% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q4 2010 | +1.0% | — | — | |
| Q3 2010 | -0.3% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q1 2009 | +4.2% | — | — | |
| Q1 2010 | +0.6% | — | — | |
| Q4 2009 | -1.1% | — | — | |
| Q4 2007 | -1.1% | — | — | |
| Q3 2009 | +1.9% | — | — | |
| Q3 2008 | +1.9% | — | — | |
| Q2 2008 | -0.2% | — | — | |
| Q2 2009 | -0.2% | — | — | |
| Q4 2008 | -0.2% | — | — |
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