NYSE$SO

Southern Co · Q1 2026 earnings

Q1 2026 earnings · · Before market open · Investor relations

Briefing

Southern Company reported Q1 2026 revenue of $7.8B and net income of $425.0M, with diluted EPS of $0.39.

For Q1 2026, Southern Company reported revenue of $7.8B and net income of $425.0M. The 10-Q discusses segment performance, costs, and liquidity in MD&A.

  • Revenue of $7.8B for Q1 2026.
  • Net income of $425.0M; diluted EPS $0.39.
  • Operating trends and segment mix are detailed in the quarterly report.
  • Liquidity, capital allocation, and macro exposure are discussed in MD&A.

Headline financials

Total Revenue

$8.4B

Previous: $7.78B+8.0%
EPS (adj)

$0.39

Previous: $1.21-67.8%
Capital Expenditures

-$2.94B

Previous: -$2.44B-20.8%
Free Cash Flow

-$1.72B

No prior period
Net Income

$1.36B

Previous: $1.27B+6.8%
Operating Income

$2.02B

Previous: $2.01B+0.4%
Gross Profit

$8.4B

Previous: $2.46B+240.8%
Cash & Equivalents

$981M

No prior period
Total Assets

$157B

No prior period

Revenue & EPS history

Southern Co · Revenue · Quarterly

$8.4B

Q1 2026+8%vs Q1 2025
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

The 10-Q does not provide numeric consolidated annual EPS guidance for Southern Company. MD&A covers costs, capital, and sector-specific risks.

Tailwinds

  • Management discusses operational priorities and liquidity in the filing.
  • Segment or product trends are disclosed where applicable.

Headwinds

  • Macro, input-cost, and interest-rate exposure can affect near-term results.
  • One-time items may distort quarterly comparability.

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 2026

Historical avgQ1 2026

+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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