NYSE$SO

Southern Co · Q1 2025 earnings

Q1 2025 earnings · · Before market open · Investor relations

Briefing

Southern Company reported Q1 2025 operating revenues of $7.8B with net income of $1.33B and diluted EPS of $1.21.

Total operating revenues were $7.78 billion as retail electric and natural gas revenues grew year over year. Net income attributable to Southern Company was $1.33 billion, or $1.21 per diluted share, with continued grid and generation investment.

  • Q1 operating revenues $7.78B.
  • Net income $1.33B; diluted EPS $1.21.
  • Regulated utility growth and capex program.
  • Weather and fuel cost recovery dynamics.

Headline financials

Total Revenue

$7.78B

Previous: $6.65B+17.0%
EPS (adj)

$1.21

Previous: $1.03+17.5%
Retail Electric Revenue

$4.6B

Previous: $3.94B+16.7%
Wholesale Electric Revenue

$744M

Previous: $571M+30.3%
Natural Gas Revenue

$1.84B

Previous: $1.71B+7.7%
Total Utility Customers

9.0M

Previous: 8.9M+0.8%
Residential Sales (kWh)

12.6B

Previous: 11.9B+6.4%
Capital Expenditures

-$2.44B

Previous: -$1.77B-37.7%
Net Income

$1.27B

Previous: $1.07B+18.6%
Operating Income

$2.01B

Previous: $1.7B+18.0%
Gross Profit

$2.46B

Previous: $6.65B-62.9%

Revenue & EPS history

Southern Co · Revenue · Quarterly

$7.78B

Q1 2025+17%vs Q1 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Southern Co · $7.02B total across 3 segments · Q3 2023

  • Alabama Power
    $5.67B-18.2%
  • Southern Company Gas
    $689M-19.6%
  • Southern Power
    $653M-44.7%

Forward guidance

Regulated utility discusses rate cases, capex, and clean-energy transition; earnings sensitive to weather and regulatory outcomes.

Tailwinds

  • Rate-base growth and grid investment.
  • Dividend and regulated cash flows.
  • Renewables and reliability programs.

Headwinds

  • Interest rates on debt.
  • Storm costs and weather-normalized earnings.
  • Policy and regulatory lag.

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 2025

Historical avgQ1 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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