NYSE$SO

Southern Co · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Southern Company reported Q2 2025 operating revenues of $7.01B with net income of $381M and diluted EPS of $0.79.

Operating revenues were $7.01 billion as regulated electric and gas utilities served growing load. Net income was $381 million; diluted EPS was $0.79. Vogtle nuclear units and storm restoration costs remain important variables.

  • Q2 operating revenues $7.01B.
  • Net income $381M; diluted EPS $0.79.
  • Regulated utility load growth.
  • Nuclear operations and weather events affect results.

Headline financials

Total Revenue

$6.97B

Previous: $6.46B+7.9%
EPS (adj)

$0.79

Previous: $1.09-27.5%
Capital Expenditures

-$5.24B

Previous: -$3.9B-34.5%
Free Cash Flow

-$4.36B

Previous: -$2.71B-61.0%
Net Income

$880M

Previous: $1.19B-25.9%
Operating Income

$1.76B

Previous: $1.94B-9.0%
Gross Profit

$6.97B

Previous: $6.46B+7.9%
Cash & Equivalents

$1.26B

Previous: $1.15B+9.7%
Total Assets

$149B

Previous: $142B+4.9%

Revenue & EPS history

Southern Co · Revenue · Quarterly

$6.97B

Q2 2025+7.9%vs Q2 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

Utility and REIT outlook ties to rate cases, occupancy, financing costs, and capital recycling.

Tailwinds

  • Regulated cash flows and contracted rent support stability.
  • Development and rate-base growth opportunities.

Headwinds

  • Interest rates and refinancing costs.
  • Office demand or storm-related operating risk.

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 Q2 2025

Historical avgQ2 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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