Financial Performance - The Southern Company reported a significant increase in revenue, reaching $20.5 billion for the fiscal year, a 10% increase compared to the previous year[21] - The company achieved a net income of $3.1 billion, reflecting a 15% growth year-over-year[21] - Southern Company anticipates a 5% increase in electricity sales driven by economic recovery and population growth in its service areas[21] - The company has set a target of achieving a return on equity (ROE) of 10% for the upcoming fiscal year[21] Customer Growth and Market Expansion - Customer growth was noted with an increase of 150,000 new customers, representing a 2% rise in the customer base[21] - Southern Company is expanding its market presence by acquiring two regional utilities, which is expected to add approximately 1 million customers[21] Investment in Renewable Energy - The company plans to invest $5 billion in renewable energy projects over the next five years, aiming for a 30% reduction in greenhouse gas emissions by 2030[21] - Southern Company is focused on the development of low- to no-carbon energy and battery energy storage technologies, which are critical for future growth[22] - The company is actively involved in the development of low- to no-carbon energy technologies and battery energy storage[22] - Southern Power holds a 67% ownership interest in SP Solar, which owns solar and battery energy storage facilities[19] Technology and Infrastructure Development - The company has launched a new energy efficiency program projected to save customers $200 million annually[21] - Southern Company is advancing its technology initiatives, with $300 million allocated for smart grid technology development in the next three years[21] - The company is committed to completing necessary pipeline expansion and infrastructure projects, which are essential for maintaining service reliability[22] - Southern Company is focused on expanding its pipeline infrastructure to meet growing demand for natural gas[22] Regulatory and Legal Challenges - The company is actively pursuing regulatory approvals for its new nuclear plant, with an estimated completion cost of $12 billion[21] - Southern Company is facing challenges related to the costs and legal requirements associated with coal combustion residuals (CCR) and ongoing litigation regarding the Kemper County energy facility and Plant Vogtle Units 3 and 4[22] - The company is navigating regulatory changes at both federal and state levels, which could affect operational costs and compliance requirements[22] - The company is subject to various federal and state regulatory changes, impacting costs and compliance plans[22] - There are ongoing litigation matters related to the Kemper County energy facility and Plant Vogtle Units 3 and 4[22] Cost Management and Competition - Southern Company is actively managing costs to avoid overruns during the development and construction of facilities, which includes addressing labor and material challenges[22] - The company is assessing the impact of increased competition in its markets, particularly from alternative energy sources[22] - Southern Company is monitoring the performance of its renewable energy partnerships and development agreements to ensure successful project execution[24] Strategic Business Initiatives - The company is exploring potential business strategies, including acquisitions or dispositions, to enhance its market position[24] - Southern Company is exploring potential acquisitions or dispositions of assets to enhance its business strategy[24] Economic and Financial Monitoring - The company is monitoring the impact of global economic conditions, including inflation and interest rate fluctuations, on its operations[24] - The company is committed to maintaining its credit ratings and access to capital markets for financing[24] - Southern Company is focused on reducing GHG emissions and has set specific reduction goals[22]

Group 1 - Norfolk Southern (NYSE: NSC) is identified as a recovery play that has recently outperformed the market following a significant derailment incident in East Palestine, OH, which initially pressured its margins and stock price [1] - The company is focused on long-term growth and dividend growth investing, emphasizing the importance of profitability over low valuation, with a focus on margins, free cash flow stability, and returns on invested capital [1] Group 2 - The article does not provide any specific financial data or performance metrics related to Norfolk Southern or the broader industry [2][3]

Southern Copper Corporation (SCCO) reported fourth-quarter 2024 earnings of $1.01 per share, which marginally missed the Zacks Consensus Estimate of $1.02. The bottom line, however, marked a 74% surge from the year-ago quarter. Results were driven by higher sales volumes for copper, zinc and silver, and improved prices. SCCO’s fourth-quarter performance was partially hurt by a decline in the molybdenum sales volume.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Southern Copper’s Sale ...

Core Viewpoint - Southern Co. is expected to report quarterly earnings of $0.51 per share, reflecting a 20.3% decline year-over-year, while revenues are forecasted to increase by 2.9% to $6.22 billion [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has been revised upward by 1.2% over the past 30 days, indicating analysts' positive reassessment [1] - Analysts predict 'Operating Revenues- Southern Power' to be $567.15 million, a year-over-year increase of 12.8% [4] - The estimated 'Operating Revenues- Southern Company Natural Gas' is $1.15 billion, showing a decline of 10.3% compared to the previous year [4] Group 2: Specific Revenue Projections - 'Operating Revenues- Georgia Power - Wholesale Revenues' is expected to reach $44.84 million, reflecting a 15% increase year-over-year [5] - 'Operating Revenues- Georgia Power - Other Revenues' is projected at $198.66 million, indicating a 27.4% increase from the prior year [5] - 'Operating Revenues- Mississippi Power - Retail Revenues' is estimated at $221.11 million, showing a 1.4% increase year-over-year [6] Group 3: Additional Revenue Insights - 'Operating Revenues- Southern Company Gas - Gas Distribution Operations' is forecasted to be $926.59 million, a decrease of 15.8% from the prior year [7] - 'Operating Revenues- Natural Gas revenues' is expected to be $1.21 billion, reflecting a decline of 6.2% year-over-year [7] - 'Operating Revenues- Alabama Power' is projected at $1.82 billion, indicating an 11.8% increase from the previous year [8] Group 4: Overall Market Performance - Over the past month, shares of Southern Co. have returned 3.4%, compared to a 4.9% increase in the Zacks S&P 500 composite [9]

ATLANTA, Feb. 13, 2025 /PRNewswire/ -- Norfolk Southern Corporation (NYSE: NSC) President and CEO Mark George and Executive Vice President and Chief Marketing Officer Ed Elkins will participate in a fireside chat at the Barclays 42nd Annual Industrial Select Conference. Details on how to listen in to the discussion follow below. What: Barclays 42nd Annual Industrial Select ConferenceWhen: Wednesday, Feb. 19, 2025 at 10:25 a.m. ETWhere: Via WebcastThe presentation will be posted at www.norfolksouthern.com on ...

Southern Co. (SO) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this power company have returned +5.4%, compared to the Zacks S&P 500 composite's +4.3% change. During this period, the Zacks Utility - Electric Power industry, which Southern Co. falls in, has gained 5.2%. The key question now is: What could be the stock's future direction?Although ...

ATLANTA, Feb. 12, 2025 /PRNewswire/ -- The Board of Directors of Southern Company today announced the election of James O. (Jimmy) Etheredge as an independent director, effective Apr. 1, 2025. Board committee assignments have not yet been determined. Jimmy Etheredge is joining the Board of Directors of Southern Company as an independent director, effective Apr. 1, 2025. "Jimmy's extensive leadership experience makes him an invaluable addition to our board," said Southern Company chairman, president, an ...

An aerial view of the sun rising above homes that burned in the Eaton Fire on January 21, 2025 in Altadena, California.Southern California Edison acknowledged Thursday that videos have suggested a possible link between the utility's equipment and the devastating Eaton Fire in Los Angeles.But the company has not identified evidence to confirm this, according to a filing with the California Public Utilities Commission. The Eaton Fire, which is now contained, burned about 14,000 acres, destroyed thousands of b ...

Contract Packaging and Distribution Planning Begins with Southern Glazer'sLOS ANGELES, Feb. 6, 2025 /PRNewswire/ -- Health Advance Inc (OTC: HADV) www.HealthAdvanceGroup.com and strategic partner SoEquity Corporation www.SoEquityCorporation.com have commenced business planning with Southern Glazer's, www.SouthernGlazers.com  for the partners' hemp derived CBD infused beverage ambitions.  Southern Glazer's is a premier distributor  of wines, spirits, beer, and non-alcoholic products in America.  Plans also i ...

The Southern Company’s (SO) Georgia Power unit recently filed its 2025 Integrated Resource Plan (IRP) with the Public Service Commission, detailing its future strategy to meet the state's growing energy demands. Driven by the state’s significant economic expansion, the IRP focuses on investments in generation, transmission and customer programs to maintain reliability and resiliency.As Georgia continues to expand economically with many new businesses coming to the state, the electrical demand has increased ...