Southern Company(SO)
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Norfolk Southern Banks on Dividends & Buybacks Despite Debt Woes
ZACKS· 2025-03-26 17:10
Norfolk Southern’s (NSC) efforts to reward its shareholders through dividends and buybacks are encouraging. However, high debt load and economic uncertainties are concerning.Factors Aiding NSCE-commerce growth is a tailwind for Norfolk Southern. E-commerce, which has gained in importance, leads to greater demand for intermodal services, the long-haul movement of shipping containers from ship to rail and truck. It is hardly surprising that the pace of growth of e-commerce demand has slowed from the levels wi ...
Southern Company & EPRI Join Forces to Fast-Track Energy Innovation
ZACKS· 2025-03-26 10:31
The Southern Company (SO) and the Electric Power Research Institute (EPRI) have recently joined forces to launch the Emerging Technologies Pilot (ETP) Program to provide innovative solutions in the energy sector that are both efficient and sustainable. This initiative aims to bridge the gap between cutting-edge startups and the energy industry, ensuring that promising new technologies are swiftly validated and integrated.This collaboration will make use of Southern Company's expertise in delivering energy t ...
Southern Cross Gold Expands Golden Dyke with 5.4 m @ 29.6 g/t Gold Intercept
Newsfile· 2025-03-26 10:30
Vancouver, Canada and Melbourne, Australia--(Newsfile Corp. - March 26, 2025) - Southern Cross Gold Consolidated Ltd (TSXV: SXGC) (ASX: SX2) (OTC Pink: MWSNF) (FSE: MV3) ("Southern Cross Gold" or the "Company") announces results from two drill holes: SDDSC147 and SDDSC151 at the Golden Dyke prospect, part of the 100%-owned Sunday Creek Gold-Antimony project in Victoria (Figure 4).5 KEY TAKEAWAYSThe two drillholes are the deepest east-west oriented holes at Golden Dyke prospect at Sunday Creek.SDDSC151 deli ...
Southern Company, EPRI Program to Accelerate Emerging Technologies
Prnewswire· 2025-03-25 14:00
ATLANTA, March 25, 2025 /PRNewswire/ -- Southern Company and EPRI, a non-profit energy research and development organization, are launching a pilot program to advance technologies that will support an affordable, reliable and resilient energy future. The Emerging Technologies Pilot Program (ETP Program) is a collaborative initiative that will accelerate the validation and deployment of cutting-edge energy solutions. This unique collaboration will leverage Southern Company's ability to serve energy to homes ...
Walt Farrell Named President and Chief Executive Officer of Atlanta Gas Light and Chattanooga Gas
Prnewswire· 2025-03-24 16:30
ATLANTA, March 24, 2025 /PRNewswire/ -- Southern Company Gas today announced that Walt Farrell has been named president and chief executive officer of Atlanta Gas Light and Chattanooga Gas, effective March 31. In this role, Farrell will serve on the Southern Company Gas Management Council and oversee all aspects of the company's southern operations, bringing clean, safe, reliable and affordable natural gas to approximately 1.8 million customers in Georgia and Tennessee. Walt Farrell Farrell currently se ...
Here's Why Hold Strategy Makes Sense for Southern Stock Now
ZACKS· 2025-03-17 13:05
Southern Company (SO) is a leading player in the U.S. utilities sector, handling the generation, transmission and distribution of electricity through its various subsidiaries. The company owns a wide range of power generation assets, including nuclear, coal, hydro, solar, wind and battery storage, serving around 8.9 million electric and gas customers in Georgia, Alabama and Tennessee.With investments in natural gas, renewable energy and solutions like microgrids, SO is working to lead the shift to cleaner e ...
Nasdaq Correction: 3 Safe High-Yield Dividend Stocks to Buy Now
The Motley Fool· 2025-03-12 22:28
Group 1: Market Overview - The Nasdaq Composite started the week down 4%, marking its worst day since September 2022, and is currently 12.5% off its all-time highs [1] Group 2: Dividend Stocks Appeal - Dividend stocks provide reliable income, especially during market downturns, allowing investors to book returns without selling shares [2] - The focus on dividend stocks increases as investors seek passive income and capital preservation [18] Group 3: PepsiCo Analysis - PepsiCo has a high dividend yield of 3.6% and has raised its dividend for 53 consecutive years, supported by a diversified business model [4][6] - Despite a stagnant stock price over the past four years, PepsiCo maintains a low P/E ratio of 21.3, making it an attractive investment compared to Coca-Cola [7][5] Group 4: Chevron Analysis - Chevron has a 4.4% dividend yield and has increased its dividend for 38 consecutive years, demonstrating resilience during economic downturns [8] - The company generates significant free cash flow even at lower oil prices and has a strong balance sheet with minimal debt [9][10] - Chevron's ability to maintain dividends during downturns is supported by its solid financial position [11] Group 5: Southern Company Analysis - Southern Company operates in a regulated utility sector, providing predictable income and a clear path for dividend growth [12][13] - The stock has increased over 7.7% year-to-date, with a P/E ratio of 22.2 and a dividend yield of 3.2%, indicating it is not overpriced [14][15] - Factors such as population growth and the transition to cleaner energy sources support Southern Company's long-term growth [16] Group 6: Summary of Investment Opportunities - PepsiCo, Chevron, and Southern Company are highlighted as reliable dividend stocks with strong track records, high yields, and robust business models [17] - These companies are suitable for risk-averse investors focused on capital preservation rather than capital appreciation [18]
Southern Energy Announces Financings to Ramp Up Liquids-Rich Gas Production Across High Quality Gulf Coast Assets, Feeding a Growing Demand for U.S. Natural Gas at Premium Pricing
GlobeNewswire News Room· 2025-03-12 21:19
Fundraising Overview - Southern Energy Corp. intends to conduct an equity fundraise to raise approximately US$6.0 million (approximately £4.8 million / C$8.5 million) at a price of 4.3 pence (C$0.08) per Unit [3][4] - The fundraising consists of a placing of new Units to institutional investors on AIM and a concurrent public offering in Canada [4][5] - Each Unit will consist of one new Common Share and one half of one Common Share purchase Warrant, with the whole Warrant allowing the purchase of one Common Share at an exercise price of 5.3 pence (C$0.10) for 36 months [4][6] Use of Proceeds - The funds will be used to accelerate the completion of three drilled and uncompleted (DUC) wells and fully fund the drilling of two vertical Cotton Valley wells [6][10] - The Company expects to benefit from strengthening U.S. natural gas prices, currently above US$4.40/MMbtu (C$6.40/MMbtu) [6][7] - The accelerated development program is anticipated to add over US$20.0 million in proved developed producing (PDP) NPV10 value [6][10] Production Expectations - The Gwinville DUCs are expected to have initial production (IP30) rates of approximately 5.5 MMcf/d per well, with ultimate recovery of approximately 3.5 Bcfe [6][10] - The Mechanicsburg wells are expected to have IP30 rates of approximately 4.2 MMcf/d plus 75 bbl/d of liquids per well, with ultimate recovery of approximately 3.7 Bcfe [6][10] - Production is expected to reach over 4,000 boepd by year-end 2025, representing approximately 100% growth [10] Financial Metrics - The Gwinville DUCs are expected to have an internal rate of return (IRR) of 86%, while the Mechanicsburg wells are expected to have an IRR of 77% [10] - The net proceeds from the fundraising are expected to fully fund the completion of the Gwinville DUCs at a cost of approximately US$2.5 million per well and the Mechanicsburg wells at a cost of approximately US$3.5 million [10][12] Market Context - The Company is positioned to capitalize on the positive macro environment for the U.S. natural gas market, driven by increasing LNG export capacity and seasonal demand factors [8][10] - Current Henry Hub natural gas pricing is supportive, with averages greater than US$4.80/MMBtu for the balance of 2025 and US$4.40/MMBtu for 2026 [7][8]
Lineworkers honored at Georgia State Capitol for Hurricane Helene response
Prnewswire· 2025-03-11 20:25
Core Points - Georgia Power, alongside state lawmakers, celebrated March 11, 2025, as Georgia Linemen Day to honor lineworkers for their efforts during Hurricane Helene, the most destructive storm in the company's history [1][2][3] - Senate Resolution 253 acknowledges the hazardous conditions faced by lineworkers, who worked up to 18-hour days to restore power after widespread outages caused by the hurricane [3] - The event precedes the annual Lineworker Appreciation Month in April, which recognizes the contributions of lineworkers across the country [3] Company Overview - Georgia Power is the largest electric subsidiary of Southern Company, serving 2.7 million customers in Georgia [5] - The company is committed to delivering clean, safe, reliable, and affordable energy, maintaining a diverse generation mix that includes nuclear, coal, natural gas, and renewables [5] - Georgia Power is recognized for its customer satisfaction, being an industry leader according to J.D. Power [5]
Pedro Cherry named president of Mississippi Power; Anthony Wilson to remain chairman and CEO until summer
Prnewswire· 2025-03-05 18:00
Core Insights - Mississippi Power has appointed Pedro Cherry as president, with Anthony Wilson remaining as chairman and CEO until summer [1] - Cherry brings 30 years of experience in the energy industry, including nearly 25 years with the Southern Company system [2] - Mississippi Power is celebrating its centennial year and is recognized for its commitment to safety and reliable service [3][6] Company Leadership - Pedro Cherry previously served as president and CEO of Atlanta Gas Light and Chattanooga Gas, which serve approximately 1.8 million customers [2] - He has held significant roles at Georgia Power, overseeing customer service and operations for 2.6 million customers [3][4] - Cherry is noted for his leadership qualities and alignment with the company's values, as stated by Anthony Wilson [4] Community Engagement - Cherry is an active community leader, serving on various boards and as the 2024 chairman of the Georgia Chamber [5] - His educational background includes a bachelor's degree in industrial engineering and an MBA in operations management and finance from Auburn University [5] Company Overview - Mississippi Power, a subsidiary of Southern Company, provides energy to over 192,000 customers in 23 counties in southeast Mississippi [6] - The company has received recognition for top safety performance and outstanding storm response [6]