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Mar 31, 2024
Southern Co Q1 2024 Earnings Report
Southern Company reported strong first-quarter earnings driven by investments in state-regulated utilities, weather conditions, and increased commercial customer sales.
Key Takeaways
Southern Company reported first-quarter earnings of $1.1 billion, or $1.03 per share, in 2024, compared to $862 million, or 79 cents per share, in the first quarter of 2023. The performance was driven by higher utility revenues, partially offset by increased interest expense and depreciation and amortization.
First-quarter earnings were $1.1 billion, or $1.03 per share, compared to $862 million, or 79 cents per share, in the first quarter of 2023.
Operating revenues increased by 2.6% to $6.6 billion, compared to $6.5 billion in the first quarter of 2023.
Plant Vogtle Unit 4 achieved commercial operation, making Plant Vogtle the largest generator of clean energy in the United States.
Adjusted earnings were driven by higher utility revenues, partially offset by increased interest expense and depreciation and amortization.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
No specific forward guidance was provided in the press release.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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