NYSE$SO
Southern Co · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Southern Company reported a decrease in earnings for Q4 2024 compared to the same period in 2023, with lower net income and EPS despite an increase in revenue.
Southern Company reported Q4 2024 earnings of $534 million, or $0.49 per share, compared to $855 million, or $0.78 per share, in Q4 2023. Adjusted EPS was $0.50, down from $0.64 in the prior year. Operating revenue increased by 4.9% to $6.3 billion. Despite higher revenue, increased operating expenses and interest costs negatively impacted profitability.
- Q4 2024 revenue increased by 4.9% to $6.3 billion.
- Net income declined 37.5% to $534 million.
- EPS fell to $0.49 from $0.78 in Q4 2023.
- Adjusted EPS declined to $0.50 from $0.64 in Q4 2023.
Headline financials
Revenue & EPS history
Southern Co · Revenue · Quarterly
$6.34B
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
Southern Company expects stable revenue growth in 2025, supported by increased customer demand and infrastructure investments, but faces cost pressures from higher interest rates and operational expenses.
Tailwinds
- Expected increase in retail electricity demand.
- Continued investment in infrastructure and clean energy projects.
- Stable regulatory environment supporting cost recovery.
- Expansion of natural gas distribution services.
- Projected long-term growth in earnings and cash flow.
Headwinds
- Rising interest expenses impacting net profitability.
- Higher depreciation and amortization costs.
- Regulatory uncertainties related to environmental compliance.
- Potential delays in capital projects affecting revenue timing.
- Increasing competition in the wholesale energy market.
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 Q4 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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