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]

Core Insights - Southern Company reported second-quarter earnings of $0.9 billion, or $0.80 per share, in 2025, a decrease from $1.2 billion, or $1.10 per share, in the same quarter of 2024 [1][2] - For the first half of 2025, earnings totaled $2.2 billion, or $2.01 per share, compared to $2.3 billion, or $2.13 per share, for the same period in 2024 [1][2] - Operating revenues for the second quarter of 2025 were $7.0 billion, reflecting a 7.9% increase from $6.5 billion in the second quarter of 2024 [5][26] - The company emphasized its commitment to balancing growth, reliability, and affordability for customers, while achieving operational and financial performance [6] Financial Performance - Excluding certain items, Southern Company earned $1.0 billion, or $0.92 per share, in the second quarter of 2025, down from $1.2 billion, or $1.10 per share, in the same quarter of 2024 [2][3] - For the six months ended June 30, 2025, excluding these items, earnings were $2.4 billion, or $2.15 per share, compared to $2.3 billion, or $2.13 per share, for the same period in 2024 [2][3] - The average shares outstanding increased slightly from 1,096 million in 2024 to 1,101 million in 2025 [3][12] Revenue Breakdown - Retail electric revenues for the second quarter of 2025 included $1.139 billion from fuel and $3.619 billion from non-fuel sources, contributing to total operating revenues of $6.973 billion [26] - Natural gas revenues increased to $979 million in the second quarter of 2025, up from $831 million in the same quarter of 2024 [26] - Total operating revenues for the first half of 2025 reached $14.748 billion, a 12.5% increase from $13.109 billion in the first half of 2024 [5][26] Operational Insights - Adjusted earnings drivers included higher non-fuel operations and maintenance expenses, prior year gains on transmission asset sales, milder weather, and increased income taxes, depreciation, and interest expenses [4] - The company reported a net income of $880 million for the second quarter of 2025, down from $1.203 billion in the same quarter of 2024 [12][26] - Significant factors impacting earnings per share included increased operations and maintenance expenses and higher interest expenses [16][20]