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Mar 31
Southern Co Q1 2025 Earnings Report
Southern Company reported increased earnings and revenue for the first quarter of 2025.
Key Takeaways
Southern Company delivered a strong Q1 2025, with a solid boost in revenue and net income driven by higher utility revenues and continued customer growth across its service regions.
EPS increased to $1.21, with adjusted EPS at $1.23.
Revenue rose 17% year-over-year to $7.775 billion.
Net income reached $1.334 billion, up from $1.129 billion last year.
Customer base grew to nearly 9 million, supporting future growth momentum.
Southern Co
Southern Co
Southern Co Revenue by Segment
Southern Co Revenue by Geographic Location
Revenue by Segment
Electric Ops Revenue
CapyFin.comSouthern Power Revenue
CapyFin.comSouthern Gas Revenue
CapyFin.comRevenue by Geographic Location
Southeast U.S. Revenue
CapyFin.com Forward Guidance
Southern Company remains focused on long-term stability with continued customer growth and capital investment in infrastructure and clean energy projects.
Positive Outlook
- Strong customer growth across service territories.
- Improved operating revenues driven by higher demand.
- Stable earnings growth with predictable performance.
- Increased investment in clean and reliable energy.
- Positive market outlook driven by regional expansion.
Challenges Ahead
- Higher non-fuel O&M expenses impacting margins.
- Increased depreciation and amortization costs.
- Southern Power reported a slight decline in net income.
- Interest expenses rose year-over-year.
- Ongoing legacy costs related to the Kemper project.
Revenue & Expenses
Visualization of income flow from segment revenue to net income