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Pete Sena to succeed Stephen Kuczynski as chairman and CEO of Southern Nuclear
Prnewswire· 2024-05-13 12:30
ATLANTA, May 13, 2024 /PRNewswire/ -- Southern Company today announced that Peter (Pete) P Sena III, president of Southern Nuclear, has been elected by the Southern Nuclear Board of Directors to succeed Stephen Kuczynski as chairman and CEO of Southern Nuclear following Kuczynski's retirement, effective June 28, 2024.After joining Southern Nuclear in 2011, Kuczynski led the existing operating fleet to top industry performance and brought online the first newly constructed nuclear power units in the U.S. in ...
Southern's (SO) Newest Reactor Begins Commercial Operations
Zacks Investment Research· 2024-05-07 13:31
The Southern Company (SO) recently announced that Georgia Power’s Vogtle Unit-4 has entered commercial operations, after years of delay. The Vogtle Unit 3 has been operational since Jul 31, 2023. Plant Vogtle is the largest generator of clean energy in the United States, with all its four units now in operation. The two-unit expansion of the plant is hailed as a milestone in the nuclear power industry.SO stated that Plant Vogtle, which is located close to Waynesboro, GA, is anticipated to generate more than ...
Southern (SO) Q1 Earnings Beat on Lower Operating Expense
Zacks Investment Research· 2024-05-07 12:46
Power supplier The Southern Company (SO) reported first-quarter 2024 earnings per share (excluding certain one-time items) of $1.03, ahead of the Zacks Consensus Estimate of 90 cents and significantly above the year-ago adjusted profit of 79 cents. The outperformance reflects lower-than-expected operating expenses to go with the positive effects of weather, rates, usage and pricing changes.Meanwhile, the utility reported revenues of $6.6 billion. The top line came in 2.6% higher than first-quarter 2023 sale ...
Southern Company announces upsize and pricing of $1.3 billion in aggregate principal amount of Series 2024A 4.50% Convertible Senior Notes due June 15, 2027
Prnewswire· 2024-05-07 03:09
ATLANTA, May 6, 2024 /PRNewswire/ -- Southern Company (NYSE: SO) today announced the pricing of $1.3 billion in aggregate principal amount of its Series 2024A 4.50% Convertible Senior Notes due June 15, 2027 (the "Convertible Notes") in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), reflecting an upsize of $200 million over the previously announced offering size. In addition, Southern Company granted the initia ...
Southern Company(SO) - 2024 Q1 - Earnings Call Transcript
2024-05-02 18:19
The Southern Company (NYSE:SO) Q1 2024 Earnings Conference Call May 2, 2024 1:00 PM ET Company Participants Scott Gammill - Vice President, Investor Relations & Treasurer Chris Womack - Chairman, President & Chief Executive Officer Dan Tucker - Chief Financial Officer Conference Call Participants Carly Davenport - Goldman Sachs Steve Fleishman - Wolfe Research Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays Durgesh Chopra - Evercore Jeremy Tonet - JPMorgan Anthony Crowdell - Mizuho Securities ...
Southern Co. (SO) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-02 17:01
For the quarter ended March 2024, Southern Co. (SO) reported revenue of $6.65 billion, up 2.6% over the same period last year. EPS came in at $1.03, compared to $0.79 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $7.05 billion, representing a surprise of -5.67%. The company delivered an EPS surprise of +14.44%, with the consensus EPS estimate being $0.90.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street exp ...
Southern Co. (SO) Surpasses Q1 Earnings Estimates
Zacks Investment Research· 2024-05-02 13:41
Southern Co. (SO) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.44%. A quarter ago, it was expected that this power company would post earnings of $0.59 per share when it actually produced earnings of $0.64, delivering a surprise of 8.47%.Over the last four quarters, the company ...
Southern Company reports first-quarter 2024 earnings
Prnewswire· 2024-05-02 11:30
ATLANTA, May 2, 2024 /PRNewswire/ -- Southern Company today reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024 compared with earnings of $862 million, or 79 cents per share, in the first quarter of 2023. Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $1.1 billion, or $1.03 per share, during the first quarter of 2024, compared with $867 million, or 79 cents per share, during the first quarter of 2023. Non-GAAP Financ ...
Southern Company(SO) - 2024 Q1 - Quarterly Report
2024-05-01 21:41
Table of Contents Index to Financial Statements UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | | Registrant, | | | --- | --- | --- | | Commission | State of Incorporation, | I.R.S. Employer | | File Number | Add ...
Southern Power expands Millers Branch Solar Facility in Texas
Prnewswire· 2024-05-01 13:00
ATLANTA, May 1, 2024 /PRNewswire/ -- Southern Power, a leading U.S. wholesale energy provider and subsidiary of Southern Company, today announced the expansion of its 29th solar project — Millers Branch Solar Facility. The Phase II expansion represents an additional 180-megawatts (MW) from the current Phase I 200 MW facility that is nearing the start of construction. The project has the potential to expand up to a total of approximately 500 MWs. Millers Branch "We are thrilled to announce the expansion ...