Southern Company(SO)

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Norfolk Southern to present at Wolfe Research 18th Annual Global Transportation & Industrials Conference
Prnewswire· 2025-05-16 19:17
ATLANTA, May 16, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) Executive Vice President and Chief Financial Officer Jason Zampi will participate in a fireside chat at the Wolfe Research 18th Annual Global Transportation & Industrials Conference. Details on how to listen to the discussion follow below. What: Wolfe Research 18th Annual Global Transportation & Industrials ConferenceWhen: Tuesday, May 20, 2025 at 11 a.m. ETWhere: Via WebcastThe presentation will be posted at norfolksouthern.com ...
Southern Cross Gold Closes Second Tranche of Private Placement
Newsfile· 2025-05-14 13:57
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 14, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has closed the second tranche (the "Second Tranche") of its previously announced C$143M/A$162M private placement (the "Placement").Pursuant to the closing of the Second Tranche, the Company issued 6,636,918 common shares (the "Shares" and each common share in the autho ...
The Alkaline Water Company Announces Return to Southern California Market Through Partnership with Santa Monica Distributors Corp
Prnewswire· 2025-05-13 10:00
GLENDALE, Ariz., May 13, 2025 /PRNewswire/ -- The Alkaline Water Company Inc. (OTC: WTER) ("WTER" or the "Company"), a leader in the premium bottled alkaline water industry, today announced its return to the Los Angeles and Southern California market through a new distribution partnership with Santa Monica Distributors Corp (SMDC), a premiere wholesale distributing company located in Santa Monica, California.The partnership will bring WTER's flagship products—Alkaline88 one-gallon bottles and 1.5-liter bott ...
Construction now underway on 765 MW of new battery energy storage systems across Georgia
Prnewswire· 2025-05-07 18:07
Georgia Power advancing projects in Bibb, Lowndes, Floyd and Cherokee counties to enhance reliability, resiliency for a growing stateATLANTA, May 7, 2025 /PRNewswire/ -- Georgia Power announced today that construction is underway on 765-megawatts (MW) of new battery energy storage systems (BESS) strategically located across Georgia in Bibb, Lowndes, Floyd and Cherokee counties. The BESS projects were authorized by the Georgia Public Service Commission (PSC) through the Integrated Resource Plan (IRP) process ...
Southern Cross Gold Closes First Tranche of Private Placement
Newsfile· 2025-05-07 05:18
Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - May 7, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("SXGC", "SX2" or the "Company") is pleased to announce that it has closed the first tranche (the "First Tranche") of its previously announced C$143M/A$162M private placement (the "Placement").Pursuant to the closing of the First Tranche, the Company has issued 19,733,160 common shares (the "Shares" and each common share in the auth ...
Las Vegas Sands Continues Funding for Dress for Success Southern Nevada's Workforce Development Programs
Prnewswire· 2025-05-06 17:48
The $100,000 Sands Cares contribution underwrites organizational capacity building to enable services for unemployed and underemployed women.LAS VEGAS, May 6, 2025 /PRNewswire/ -- Las Vegas Sands (NYSE: LVS) has contributed $100,000 through the Sands Cares global community engagement program to Dress for Success® (DFS) Southern Nevada for its professional styling, job readiness, career coaching and financial literacy programs, which empower disadvantaged women to pursue economic independence through a varie ...
Southern Company Q1 Earnings Beat as Power Demand Grows
ZACKS· 2025-05-06 12:30
Power supplier The Southern Company (SO) reported first-quarter 2025 earnings per share (excluding certain one-time items) of $1.23, outperforming the Zacks Consensus Estimate of $1.20 and the year-ago adjusted profit of $1.03. The encouraging numbers reflect a gain in overall electricity sales, favorable weather conditions and lower-than-expected expenses. The utility reported revenues of $7.8 billion. The top line came in 17% higher than first-quarter 2024 sales and beat the Zacks Consensus Estimate of $7 ...
Southern Company(SO) - 2025 Q1 - Earnings Call Transcript
2025-05-01 17:00
The Southern Company (SO) Q1 2025 Earnings Call May 01, 2025 01:00 PM ET Company Participants Gregory MacLeod - Director of Investor RelationsChris Womack - Chairman, President & CEODaniel Tucker - Executive VP & CFOCarly Davenport - Vice President, Equity ResearchNicholas Campanella - DirectorAndrew Weisel - DirectorDavid Arcaro - Executive Director, Equity ResearchDurgesh Chopra - Managing Director Conference Call Participants Julien Dumoulin-Smith - Research AnalystJeremy Tonet - ED - Equity Research Ana ...
Southern Company(SO) - 2025 Q1 - Earnings Call Transcript
2025-05-01 17:00
Financial Data and Key Metrics Changes - The company reported adjusted EPS of $1.23 for Q1 2025, which is $0.02 higher than Q1 2024 and $0.03 above estimates [8] - Adjusted EPS estimate for Q2 2025 is $0.85 per share, reflecting a significant downside compared to Q2 2024 [10][21] - Weather-related impacts contributed $0.08 to year-over-year performance due to a milder Q1 2024 and a slightly colder Q1 2025 [9] Business Line Data and Key Metrics Changes - Retail electricity sales were down 0.3% year-over-year, primarily due to usage impacts on residential customers, partially offset by customer additions [10] - Data center sales increased by 11% year-over-year, while office buildings and the transportation sector saw increases of 4% each [11] - The company has a large load pipeline of over 50 gigawatts of potential incremental load by the mid-2030s, with 10 gigawatts already committed [11][12] Market Data and Key Metrics Changes - Economic development activity in the Southeast was robust, with over $11 billion in capital investment and more than 4,000 new jobs announced [11] - Unemployment rates and population growth in the service territories are better than national averages, indicating a strong economic position [11] Company Strategy and Development Direction - The company is focused on disciplined execution and maintaining affordability while navigating potential tariff impacts, estimating a 1% to 3% increase in costs [5][6] - Ongoing investments in existing fleet and modernization of facilities are part of the 2025 integrated resource plan [12] - The company aims to maintain strong investment-grade credit ratings while addressing $4 billion in equity needs over five years [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the financial outlook, emphasizing the resilience of the Southeast economy and customer growth in service territories [4][6] - The company does not expect a material impact from tariffs on its forecast and remains focused on disciplined execution [6] - Management highlighted the importance of regulatory frameworks and customer-centric business models in supporting reliable and affordable energy [7] Other Important Information - The board approved an 8¢ per share increase in the annual common dividend, marking the 24th consecutive annual increase [17] - The company is actively engaging with policymakers regarding tax credits and their benefits to customers [60] Q&A Session Summary Question: Clarification on Q2 EPS guidance - Management explained that the guidance reflects significant weather differentials and timing of transactions within the Georgia transmission system [21][22] Question: Update on Georgia Power load pipeline - The pipeline totals about 52 gigawatts, with 4 gigawatts contracted and 8 gigawatts committed, showing increased near-term interest [27][28] Question: Changes in data center activity following rate structure modifications - Management noted that it is early to assess customer reactions to the new tariff framework, but growth in the pipeline continues [78][81] Question: Feedback on RFPs and technology preferences - Management stated that they cannot disclose specifics about the RFP process but emphasized the all-source nature of the RFPs [84][86] Question: Dividend policy and future increases - Management indicated that dividend growth may remain modest due to significant financing needs, with reevaluation possible if capital opportunities change [111]
Southern Co. (SO) Beats Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-01 13:45
Southern Co. (SO) came out with quarterly earnings of $1.23 per share, beating the Zacks Consensus Estimate of $1.20 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this power company would post earnings of $0.51 per share when it actually produced earnings of $0.50, delivering a surprise of -1.96%.Over the last four quarters, the company ...