Southern Company(US:SO)2024-10-31 18:23Earnings and Financial Performance - Southern Company's Q3 2024 earnings per share (EPS) as reported was $1.40, compared to $1.30 in Q3 2023[10] - Year-to-date (YTD) 2024 EPS as reported was $3.53, compared to $2.86 in YTD 2023[10] - Excluding certain items, adjusted EPS for Q3 2024 was $1.43, slightly up from $1.42 in Q3 2023[10] - YTD 2024 adjusted EPS was $3.56, compared to $3.01 in YTD 2023[10] - The company projects a full-year 2024 adjusted EPS of $4.05[13] Hurricane Helene Impact - Hurricane Helene caused significant damage to Georgia Power's infrastructure, breaking over 11,800 power poles and downing over 1,500 miles of power lines[9] - The storm resulted in 1.5 million total outages, with 523,000+ customers restored within the first 48 hours and 95% restored within 8 days[9] - The company mobilized over 20,000 personnel for restoration efforts[9] - The hurricane had an estimated impact of -0.4% on total retail sales for the quarter[14] Sales and Customer Growth - The company experienced robust customer growth in Q3 2024, with an increase of 12,000 residential electric customers and 7,000 residential gas customers[14] - Usage by existing data centers within the commercial class increased by 10% for the quarter compared to 2023[14] - YTD 2024 retail electric sales increased by 5.4% for residential and 3.7% for commercial customers[16] Capital Expenditures and Financing - The company projects $48 billion in capital expenditures from 2024-2028, with $38.7 billion for state-regulated electric and $8.5 billion for state-regulated gas[17] - Total long-term debt issuances are projected at $11.9 billion for 2024R-2026[23] - Total equity financings are projected at $350 million for 2024 and $814 million for 2024R-2026[23] - The company has over $7.9 billion in committed credit facilities and nearly $6.7 billion in available liquidity as of September 30, 2024[27]