Revenue segments as reported by the company.

Retail electric revenues

Wholesale electric revenues

Other electric revenues

Natural gas revenues

Other revenues

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Depreciation and amortization

Taxes other than income taxes

Estimated loss on plants under construction

Impairment charges

Gain on dispositions, net

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Southern Company

Gulf Power is a U.S. investor-owned electric utility with all of its common stock owned by Atlanta-based Southern Company. Gulf Power Company is headquartered in Pensacola, Florida, and has a service territory that spans 7,550 square miles (19,600 km2) in 10 counties and 71 towns in northwest Florida. Gulf Power has approximately 428,000 customers in Florida.

Gulf Power

The Southern Co is a holding company, which engages in the generation and sale of electricity. It operates through the following segments: Traditional Electric Operating Companies, Southern Power, and Southern Company Gas. The Traditional Electric Operating Companies segment refers to vertically integrated utilities that own generation, transmission and distribution facilities, and supplies electric services in the states of Alabama, Georgia, Florida, and Mississippi. The Southern Power segment constructs, acquires, owns, and manages generation assets such as renewable energy projects and sells electricity in the wholesale market. The Southern Company Gas segment distributes natural gas through natural gas distribution facilities in the states of Illinois, Georgia, Virginia, New Jersey, Florida, Tennessee, and Maryland. The company was founded on November 9, 1945, and is headquartered in Atlanta, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Southern Company surpasses 2022 targets, faces Vogtle project delays

Southern Company excelled in 2022 with strong financial performance and operational achievements.
Challenges include project delays, lower industrial sales, and credit metric impacts.
Opportunities lie in cost benefits from lower gas prices, management continuity, and credit agency actions.
Strategic investments in clean energy and a focus on long-term EPS growth support future prospects.

Southern Company reports Q1 earnings dip, Vogtle progress on track

Southern Company's Q1 2023 performance reflects mixed results with challenges in industrial sales offset by growth in retail and positive dividend news.
The company remains focused on Plant Vogtle Units 3 and 4 progress, aiming for operational milestones and financial stability post-completion.
While facing financial guidance adjustments and Unit 4 timeline uncertainties, Southern Company is optimistic about future growth opportunities and cost efficiencies.
Confidence in achieving a competitive risk-adjusted return and industry leadership underscores the company's strategic vision and commitment to shareholder value.

Southern Company surpasses Q2 earnings estimates, eyes dividend growth

Southern Company's Q2 2023 performance exceeded expectations, driven by favorable weather conditions and successful project milestones at Plant Vogtle.
The company's strengths lie in its commitment to reliability, customer-centricity, and potential dividend growth, supported by strategic capital investments.
Challenges include lower industrial sales, meeting operational timelines, and balancing cost management with growth initiatives.
Opportunities in renewable energy, Georgia's economic development, and technology advancements position Southern Company for sustainable growth and value creation.

Southern Company reports strong Q3 earnings, eyes sustainability and energy innovation

Southern Company's Q3 2023 Earnings Call highlighted strong financial performance, strategic acquisitions, and a focus on sustainability. Despite challenges with pending litigation and regulatory uncertainties, the company is well-positioned to capitalize on opportunities in energy innovation and potential dividend growth. By actively exploring green hydrogen and expanding its carbon-free generating capacity, Southern Company demonstrates a commitment to long-term sustainability and growth.

Southern Company excels in 2023, faces rate growth challenges

Southern Company's strong financial performance in 2023, coupled with key achievements and customer recognition, positions it well for growth. While facing challenges in rate base growth trajectory and debt funding, opportunities in EPS growth and rate decreases offer potential. Managing load growth impact and uncertainties in Georgia PSC elections are key focus areas for the company.

Southern Company excels in Q1 2024, eyes growth amid challenges

Southern Company's Q1 2024 showcased strong financial performance, marked by increased EPS, dividend growth, and successful commercial operation of Plant Vogtle Unit 4. The company benefits from a robust retail sales increase, a strong labor market, and a strategic focus on future growth opportunities. However, challenges around regulations, nuclear energy adoption, and data center impacts require careful navigation.

Southern Company excels in Q2, eyes growth amid challenges

Southern Company's Q2 2024 performance reflects strong financial results and operational achievements, positioning the company for future growth.
With a focus on execution, customer value, and community support, Southern Company is well-positioned to capitalize on market opportunities.
Challenges in maintaining growth momentum and operational efficiency require strategic planning and proactive risk management.
Overall, Southern Company's performance, strengths, and opportunities indicate a positive outlook for continued success and value creation.

Southern Company reports resilient Q3 earnings amidst Hurricane Helene impact

Southern Company's Q3 performance reflects resilience and growth, despite challenges posed by Hurricane Helene's significant costs.
The company's strategic strengths lie in its financial stability, disciplined growth approach, and commitment to customer service.
While facing challenges from severe weather events, Southern Company is well-positioned to capitalize on opportunities for future growth and market expansion.
Overall, Southern Company's Q3 earnings call highlights a balanced focus on financial performance, operational resilience, and strategic growth initiatives.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

The Southern Company (SO) guided earnings per share of $3.55-$3.65 for this year and 70 cents for the March quarter.

Why Southern (SO) Has Stumbled Since Q4 Earnings Beat

ATLANTA , March 1, 2023 /PRNewswire/ -- Southern Company has been named the top utility on Forbes magazine's Best Large Employers in America 2023 rankings. Southern Company ranked nearly 100 places higher than the next peer company listed in the Utilities group by Forbes.

Southern Company again is top-ranked utility on Forbes magazine's Best Large Employers in America list

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With monetary policy possibly about to take a turn for the worst for risk-on assets, investors should consider the best utility stocks to buy. Unfortunately for Wall Street, the Personal Consumption Expenditures (PCE) index came in hotter than economists anticipated.

The 7 Best Utility Stocks to Buy as Yields Rise

ATLANTA , Feb. 23, 2023 /PRNewswire/ -- Southern Company (NYSE: SO) today announced the pricing of $1.5 billion in aggregate principal amount of its Series 2023A 3.875% Convertible Senior Notes due December 15, 2025 (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").  In addition, Southern Company granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $225 million in aggregate principal amount of the Convertible Notes.

Southern Company announces pricing of $1.5 billion in aggregate principal amount of Series 2023A 3.875% Convertible Senior Notes due December 15, 2025

In mid-January, Southern Company announced it would yet again postpone the startup of the first of two nuclear reactors under construction at the Vogtle site in Georgia. The reason: Unexpected "vibrations" related to cooling system piping.

Southern Company: Does Nuclear Have A Future?

ATLANTA , Feb. 23, 2023 /PRNewswire/ -- Southern Company (NYSE: SO) today announced an offering of $1.5 billion in aggregate principal amount of its convertible senior notes due December 15, 2025 (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").  In addition, Southern Company expects to grant the initial purchasers of the Convertible Notes an option to purchase, for settlement within a period of 13 days from, and including, the date the Convertible Notes are first issued, up to an additional $225 million in aggregate principal amount of the Convertible Notes.

Southern Company announces offering of $1.5 billion in aggregate principal amount of Convertible Senior Notes due December 15, 2025

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Profits for utility companies vary widely depending on region to region. Despite this, the utility sector enjoys relatively high profit margins, primarily due to barriers to entry and other legislative restrictions on competition.

The 10 Biggest Utilities With Over 50% Gross Margin

Southern Co 5.25 % Notes 2017-01.12.77 Global Series 2017B

The Southern Company (NYSE:SO ) Q4 2022 Results Conference Call February 16, 2023 1:00 PM ET Company Participants Scott Gammill - Vice President, Investor Relations & Treasurer Tom Fanning - Chairman, President & Chief Executive Officer Dan Tucker - Chief Financial Officer Chris Womack - Georgia Power, Chief Executive Officer Conference Call Participants James Ward - Guggenheim Partners Steve Fleishman - Wolfe Research David Arcaro - Morgan Stanley Durgesh Chopra - Evercore ISI Angie Storozynski - Seaport Global Nick Campanella - Credit Suisse Anthony Crowdell - Mizuho Operator Good afternoon. My name is Scott, and I will be your conference operator today.

The Southern Company (SO) Q4 2022 Earnings Call Transcript

Southern Co. (SO) delivered earnings and revenue surprises of 8.33% and 15.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Southern Co. (SO) Tops Q4 Earnings and Revenue Estimates

ATLANTA , Feb. 16, 2023 /PRNewswire/ -- Southern Company today reported a fourth-quarter loss of $87 million, or 8 cents per share, in 2022 compared with a loss of $215 million, or 20 cents per share, in the fourth quarter of 2021. Southern Company also reported full-year 2022 earnings of $3.5 billion, or $3.28 per share, compared with $2.4 billion, or $2.26 per share, in 2021.

Southern Company reports fourth-quarter and full-year 2022 financial results

While new customer additions are likely to have boosted Southern Company's (SO) profit levels in the fourth quarter, escalation in costs might have played spoilsport.

Southern Company (SO) Q4 Earnings on Deck: What to Expect

ATLANTA , Feb. 13, 2023 /PRNewswire/ -- The Board of Directors of Southern Company today announced the election of David E. Meador and Lizanne Thomas as independent directors, effective April 1, 2023.

Former DTE Energy Vice Chairman and Chief Administrative Officer David E. Meador and former Jones Day partner and corporate governance authority Lizanne Thomas to Join Southern Company Board of Directors

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Utility stocks are considered to be a stable investment because the demand for utility services is usually steady, even during a recession.

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Workforce increases in overall representation of people of color and women, increased spending with larger group of minority business enterprises and investments in racial equity and social justice community initiatives highlight some of actions taken over past year ATLANTA , Feb. 9, 2023 /PRNewswire/ -- Southern Company continues to make strides in its diversity, equity and inclusion (DE&I) work, according to the company's second Moving to Equity report, released today. The report details the company's commitment, progress and actions taken to further advance equity within the company and its communities.

Southern Company issues second Moving to Equity report detailing equity progress and impact

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We are now midway into the fourth quarter earnings season.

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Southern Company served investors well in 2022. Even as risk assets rebound, SO is still worth considering.

Southern Company: Favorable Outlook For 2023

BIRMINGHAM, Ala. , Feb. 7, 2023 /PRNewswire/ -- The Alabama Power Company board of directors has elected Moses Feagin executive vice president, chief financial officer and treasurer.

Alabama Power elects Moses Feagin chief financial officer

ATLANTA , Feb. 7, 2023 /PRNewswire/ -- Southern Company and its subsidiaries today announced the following executive moves in support of the company's efforts to build the future of energy. Each leader possesses the capabilities and character to understand the organization from a skill and experience perspective, align with the company's overall values and deliver strong results.

Southern Company announces management changes as part of transition plan

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With uncertainty baked into the possibilities for the new year, investors may want to shift their focus toward the best dividend stocks to buy. Now, don't misinterpret what I'm trying to say: it's not that you should avoid growth-oriented names altogether.

The 7 Best Dividend Stocks to Buy for an Uncertain 2023

The partnership aims to advance the AJGA DEI platforms and further close diversity gaps. ATLANTA , Jan. 23, 2023 /PRNewswire/ -- Southern Company and the American Junior Golf Association (AJGA) are proud to announce Southern Company as the Official Diversity, Equity and Inclusion Partner of the AJGA.

Southern Company to become Official Diversity, Equity and Inclusion Partner of the AJGA

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ATLANTA , Jan. 19, 2023 /PRNewswire/ -- Southern Company plans to release its earnings for the fourth quarter of 2022 by 7:30 a.m. EDT on Thursday, February 16, 2023.

Southern Company fourth-quarter earnings to be released February 16

Sometimes two good companies in the same investment sector find their respective share prices diverge for what appears to be no good reason. I uncovered what appears to be such an instance in regulated utilities Southern Company and Dominion Energy.

Switching Horses On Valuation: Southern Company Vs. Dominion Energy

Customer CARE Center to add jobs to Virginia Beach by partnering with local community, veteran and family organizations for staffing VIRGINIA BEACH, Va. , Jan. 17, 2023 /PRNewswire/ -- Virginia Natural Gas (VNG) today celebrated the opening of its new Customer CARE Center, offering a local approach to customer-focused service and adds more than a dozen new jobs to the Virginia Beach area.

Virginia Natural Gas opens new virtual call center in Virginia Beach as solution for improving customer service operations

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The pandemic-era investing of trading fun and games is long over. Like last year, 2023 may be another year when the tab comes due, and it could be expensive.

News for Southern Company Stock (SO)