Core Insights - Southern Co. reported revenue of $7.82 billion for the quarter ended September 2025, reflecting a year-over-year increase of 7.6% and surpassing the Zacks Consensus Estimate of $7.54 billion by 3.78% [1] - The company's EPS for the quarter was $1.60, up from $1.43 in the same quarter last year, exceeding the consensus EPS estimate of $1.50 by 6.67% [1] Revenue Performance - Southern Power's operating revenues reached $7.82 billion, significantly exceeding the average estimate of $598.56 million by 1203.8% year-over-year [4] - Total retail sales amounted to $42.37 billion, slightly above the average estimate of $42.35 billion [4] - Southern Company Natural Gas reported operating revenues of $734 million, slightly above the estimated $729.93 million, marking a 7.6% increase from the previous year [4] - Georgia Power's other revenues were $271 million, surpassing the estimate of $220.22 million with a year-over-year increase of 29.7% [4] - Mississippi Power's retail revenues were $302 million, exceeding the average estimate of $263.7 million, representing a 9.4% year-over-year increase [4] - Alabama Power's operating revenues reached $2.32 billion, above the estimate of $2.14 billion, reflecting an 8.4% increase [4] - Georgia Power's revenues were $3.77 billion, exceeding the estimate of $3.33 billion, with an 8.6% year-over-year increase [4] - Mississippi Power's revenues were $480 million, surpassing the average estimate of $403.96 million, indicating a 16.5% increase from the previous year [4] Stock Performance - Southern Co. shares have returned -1.4% over the past month, while the Zacks S&P 500 composite has increased by 3.6% [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Insights - Southern Co exceeded Wall Street profit estimates for the third quarter, driven by increased electricity demand from businesses [1] Company Performance - The company reported a significant rise in profit due to surging demand for electricity [1] Market Context - The increase in demand reflects broader trends in the utility sector, indicating a recovery or growth in business activities [1]

Core Insights - Southern Company reported third-quarter earnings of $1.7 billion, or $1.55 per share, for 2025, an increase from $1.5 billion, or $1.40 per share, in the same quarter of 2024 [1] - For the nine months ended September 30, 2025, earnings were $3.93 billion, or $3.56 per share, compared to $3.87 billion, or $3.53 per share, for the same period in 2024 [1] Financial Performance - Excluding certain items, Southern Company earned $1.8 billion, or $1.60 per share, in Q3 2025, up from $1.6 billion, or $1.43 per share, in Q3 2024 [2] - For the nine months ended September 30, 2025, excluding these items, earnings were $4.1 billion, or $3.76 per share, compared to $3.9 billion, or $3.56 per share, in the same period of 2024 [2] - Operating revenues for Q3 2025 were $7.8 billion, a 7.5% increase from $7.3 billion in Q3 2024 [5] - Year-to-date operating revenues reached $22.6 billion, up 10.7% from $20.4 billion in the same period of 2024 [5] Earnings Drivers - Key drivers for adjusted earnings in Q3 2025 included higher utility revenues, which were partially offset by increased depreciation, amortization, interest expenses, and milder weather conditions [4] - The increase in earnings per share was attributed to traditional electric operating companies, while Southern Power and the parent company reported declines [16] Customer Metrics - Total kilowatt-hour sales for Q3 2025 were 56,627 million, a 1.1% increase from 56,035 million in Q3 2024 [25] - The number of regulated utility customers increased to 8,934 thousand, up 0.8% from 8,865 thousand in the previous year [25] Management Commentary - The CEO emphasized the company's focus on meeting growing electric demand and providing reliable service to its 9 million customers, positioning the company for a strong finish to the year [6]

Financial Performance - Consolidated net income attributable to Southern Company was $1.7 billion ($1.55 per share) in Q3 2025, an increase of 11.5% compared to $1.5 billion ($1.40 per share) in Q3 2024[319]. - Year-to-date 2025 consolidated net income was $3.93 billion ($3.56 per share), up 1.5% from $3.87 billion ($3.53 per share) in the same period of 2024[320]. - Alabama Power's net income in Q3 2025 was $588 million, a 19.3% increase from $493 million in Q3 2024, primarily due to higher retail electric revenues[359]. - Year-to-date 2025, Alabama Power's net income was $148 million, reflecting a 12.4% increase compared to the same period in 2024[359]. - For year-to-date 2025, net income increased to $1.3 billion from $1.2 billion in 2024, driven by higher retail electric revenues and other revenues[360]. - Georgia Power's net income for year-to-date 2025 was $2.5 billion, a 9.0% increase from $2.2 billion in 2024, attributed to higher retail revenues[387]. - Year-to-date 2025, net income for Southern Power was $141 million, a decrease from $264 million in the same period of 2024, impacted by accelerated depreciation and increased maintenance expenses[441]. - Net income for Q3 2025 was $25 million, a decrease of $13 million (34.2%) from Q3 2024, while year-to-date net income was $549 million, down from $555 million in 2024[463][464]. Revenue Growth - Retail electric revenues for Q3 2025 were $5.7 billion, a 6.4% increase from $5.4 billion in Q3 2024, and year-to-date revenues reached $15.1 billion, up 9.2% from $13.8 billion in 2024[321]. - Wholesale electric revenues rose to $832 million in Q3 2025, a 15.4% increase from $721 million in Q3 2024, with year-to-date revenues at $2.3 billion, up 17.6% from $1.9 billion[325]. - Natural gas revenues for Q3 2025 were $734 million, a 7.6% increase from $682 million in Q3 2024, and year-to-date revenues reached $3.6 billion, up 10.3% from $3.2 billion[329]. - Retail revenues for Q3 2025 were $2.0 billion, a 7.5% increase from $1.9 billion in Q3 2024; year-to-date retail revenues reached $5.5 billion, up 7.2% from $5.1 billion in 2024[361]. - Wholesale revenues from non-affiliates increased by 53.9% to $137 million in Q3 2025, and by 25.9% to $326 million year-to-date, attributed to higher demand and energy prices[365]. - Other revenues for year-to-date 2025 were $353 million, up from $324 million in 2024, mainly due to increases in transmission revenue and regulated energy services[369]. - Retail revenues in the third quarter of 2025 reached $3.4 billion, a 5.5% increase from $3.2 billion in 2024, with year-to-date revenues at $8.8 billion, up 10.3% from $7.9 billion[390]. - Wholesale revenues for year-to-date 2025 were $390 million, a significant increase of 97.0% from $198 million in 2024, driven by higher market demand[393]. - Other revenues for year-to-date 2025 totaled $774 million, a 26.9% increase from $610 million in 2024, mainly due to unregulated sales and solar application fees[397]. Expenses and Costs - Total fuel and purchased power expenses in Q3 2025 were $1.6 billion, an increase of 17.4% from $1.4 billion in Q3 2024, with year-to-date expenses at $4.5 billion, up 18.2% from $3.8 billion[334]. - Other operations and maintenance expenses in Q3 2025 were $1.6 billion, a decrease of 1.1% from $1.7 billion in Q3 2024, primarily due to a $36 million impairment loss in 2024[345]. - Year-to-date 2025, other operations and maintenance expenses totaled $4.9 billion, an increase of 9.4% compared to $4.5 billion in 2024, driven by higher generation expenses[346]. - Depreciation and amortization expenses in Q3 2025 were $1.4 billion, up 17.5% from $1.2 billion in Q3 2024, attributed to additional plant in service[348]. - Year-to-date 2025, depreciation and amortization reached $4.0 billion, a 13.9% increase from $3.5 billion in 2024[348]. - Interest expense, net of amounts capitalized, was $755 million in Q3 2025, a 9.1% increase from $692 million in Q3 2024, mainly due to higher average outstanding borrowings[352]. - For year-to-date 2025, interest expense totaled $2.34 billion, up 14.3% from $2.05 billion in 2024, driven by increased borrowings and debt extinguishment losses[353]. - Total fuel and purchased power expenses for year-to-date 2025 were $2.7 billion, a 17.4% increase from $2.3 billion in 2024, primarily due to higher KWH volume and costs[399]. Regulatory and Strategic Developments - Alabama Power is authorized to establish a regulatory asset to defer costs estimated at approximately $100 million associated with capacity changes for 2026[299]. - Georgia Power's retail return on equity (ROE) set point remains at 10.50% under the extended 2022 ARP through December 31, 2028[303]. - Georgia Power's Integrated Resource Plans include certification requests totaling approximately $16.7 billion for various projects, excluding AFUDC[304]. - Southern Company continues to focus on key performance indicators such as customer satisfaction and earnings per share as part of its operational strategy[298]. - The company anticipates that future earnings will depend on maintaining constructive regulatory environments and managing costs amid increasing operational challenges[491][492]. Operational Metrics - Weather-adjusted residential KWH sales increased by 2.7% in Q3 2025 and 1.2% year-to-date, driven by customer growth and increased usage[322]. - Weather-adjusted commercial KWH sales increased by 3.5% in Q3 2025, largely driven by data centers at Georgia Power[323]. - The total generation for Q3 2025 was 53 billion KWH, consistent with Q3 2024, while total purchased power increased to 6 billion KWH from 5 billion KWH[339]. - In Q3 2025, Georgia Power's total generation was 19 billion KWH, up from 18 billion KWH in Q3 2024, while purchased power increased to 10 billion KWH from 9 billion KWH[404]. Market and Economic Conditions - Economic and policy uncertainties have increased volatility in future economic outlooks, potentially impacting customer demand for energy and access to capital markets[494]. - The company has contracts with new customers covering approximately 8 gigawatts of electric load, expected to ramp up through 2028[493].

Core Insights - Southern Company is recognized as the highest-ranked U.S. energy company on Newsweek's World's Most Trustworthy Companies 2025 list, reflecting its commitment to trust among customers, investors, and employees [1][2]. Company Recognition - The recognition is based on an independent survey involving over 65,000 participants across 23 industries and 20 countries, focusing on investor trust, customer trust, and employee trust [3][4]. - Southern Company's Chairman, President, and CEO, Chris Womack, emphasized the company's goal to be a trusted partner and its commitment to serving customers and communities [3]. Company Values and Mission - Southern Company adheres to values such as safety, intentional inclusion, integrity, and superior performance, which align with its mission to provide clean, safe, reliable, and affordable energy [4][5]. - The company aims for net-zero greenhouse gas emissions by 2050, showcasing its commitment to sustainability and innovation [5]. Financial Information - Southern Company announced a regular quarterly dividend of 74 cents per share, payable on December 8, 2025 [7]. - The company plans to release its third-quarter earnings on October 30, 2025 [8].

Core Viewpoint - Southern Company is a significant player in the energy sector, providing electricity and natural gas to millions in the southeastern United States, facing competition from other utility giants [1] Earnings Expectations - Southern Company is set to release its quarterly earnings on October 30, 2025, with analysts expecting earnings per share (EPS) of $1.50 and revenues of approximately $7.91 billion [2][6] - The anticipated EPS reflects a 4.9% increase compared to the same period last year, supported by a projected 4.1% rise in revenues [3][6] - Over the past month, the consensus EPS estimate has been revised upward by 9.3%, indicating a positive reassessment by analysts [3][6] Performance Drivers - The company's performance in the third quarter is likely bolstered by strong demand in the Southeast region and the initiation of new projects [4] - However, rising generation costs and other expenses could exert pressure on profitability [4] Market Reaction - The stock's movement will depend on how actual results compare to expectations, with potential upward trends if earnings surpass estimates, or declines if they miss [5] - Future earnings expectations will be influenced by management's discussion of business conditions during the earnings call [5]

Core Insights - Sierra Auction has expanded its operations by opening a new location in Montclair, California, marking its first expansion outside Arizona [1][3] - The new facility will serve as the GovDeals Lot, enhancing Sierra Auction's presence in the Southwest [1][3] - This expansion increases Sierra Auction's total locations to three, alongside existing facilities in Phoenix and Tucson [3] Company Overview - Sierra Auction specializes in the sale of vehicles, equipment, and surplus assets for government agencies, commercial businesses, and charity organizations [2][8] - The company operates as a trusted marketplace within GovDeals, which is a subsidiary of Liquidity Services [2][8] Services Offered - The new location allows government and commercial fleet owners in California to sell retired fleet assets with zero commission and zero fees [4] - Auctions are accessible online, providing the general public with opportunities to bid on a variety of items, including vehicles and heavy equipment [5][7] Market Demand - Sierra Auction has experienced a significant increase in demand across various categories, including heavy equipment and passenger vehicles [6] - The company continues to see strong momentum as part of the GovDeals marketplace, reflecting its growth over the past year [6] About GovDeals - GovDeals is recognized as the world's leading marketplace for surplus government and educational assets, facilitating over $15 billion in sales to date [9] - The platform offers a transparent surplus disposition technology, allowing sellers to manage their listings with more control and lower fees compared to traditional auction solutions [9]

Core Points - Southern Energy Corp. announced the re-election of four members to its Board of Directors during the Annual Meeting of shareholders [1] Group 1 - Shareholders approved the re-election of Bruce Beynon to the Board [1] - Shareholders approved the re-election of Ian Atkinson to the Board [1] - Shareholders approved the re-election of R. Steven Smith to the Board [1] - Shareholders approved the re-election of John Joseph Nally to the Board [1]

Core Viewpoint - Southern Company is a leading energy provider in the U.S., focusing on electricity generation, transmission, and distribution, with a competitive stance against major utilities like Duke Energy and NextEra Energy [1] Financial Performance - Southern Company is projected to report quarterly earnings of $1.50 per share for the quarter ending September 2025, reflecting a 4.9% increase year-over-year [3] - The company's revenues are expected to reach $7.57 billion, marking a 4.1% rise from the same quarter last year [3] - The consensus earnings per share (EPS) estimate has been revised upward by 9.3% over the past month, indicating positive analyst sentiment regarding the company's future prospects [4] Stock Performance - Currently, Southern Company's stock price is $95.40, showing a decrease of 0.50% or $0.48 [5] - The stock has traded between $94.78 and $95.70 today, with a one-year high of $100.84 and a low of $80.46 [5] - The market capitalization of Southern Company is approximately $104.94 billion, with a trading volume of 4,019,275 shares on the NYSE [5] Analyst Insights - Wells Fargo has set a price target of $97 for Southern Company, suggesting a potential increase of 1.68% from the current stock price [2][6]

Core Viewpoint - Southern Company is expected to report third-quarter earnings of $1.50 per share on revenues of $7.6 billion, reflecting a year-over-year improvement in earnings and revenue despite potential cost pressures [1][8]. Group 1: Previous Quarter Performance - In the last reported quarter, Southern Company achieved adjusted earnings per share of 91 cents, exceeding the Zacks Consensus Estimate by 4 cents, with sales of $7 billion surpassing the consensus by 6.2% [2]. - The company has topped the Zacks Consensus Estimate for earnings in three of the last four quarters, with an average earnings surprise of 3.2% [3]. Group 2: Third Quarter Estimates - The Zacks Consensus Estimate for the third-quarter earnings has been revised 2% downward in the past week, indicating a 4.9% improvement year over year, while revenue estimates suggest a 4.1% increase from the previous year [3]. - The estimated net income for Southern Company is projected at $1.5 billion, reflecting a 0.9% decrease from the year-ago quarter [5]. Group 3: Market and Economic Factors - Southern Company serves 9 million customers in the Southeast, benefiting from strong regional economic growth and significant capital investments, with $2 billion in new projects and 6,000 jobs announced in the second quarter of 2025 [4]. - Demand from industrial and data center sectors is expected to continue driving long-term load expansion, positively impacting earnings and cash flows [4]. Group 4: Cost Pressures - The company has flagged risks related to timing and costs associated with new capacity delivery, with upward pressure on generation costs and higher operating expenses noted in the previous quarter [5]. - The increasing cost trend is anticipated to persist in the third quarter, potentially affecting overall earnings negatively [5]. Group 5: Earnings Prediction Model - The Zacks model does not predict a definitive earnings beat for Southern Company in the third quarter, with an Earnings ESP of -0.22% and a Zacks Rank of 3 [6][7].