•
Sep 30, 2024

Southern Co Q3 2024 Earnings Report

Southern Company's earnings increased due to higher utility revenues, offset by increased expenses.

Key Takeaways

Southern Company reported third-quarter earnings of $1.5 billion, or $1.40 per share, in 2024, compared to $1.4 billion, or $1.30 per share, in the third quarter of 2023. Excluding certain items, Southern Company earned $1.6 billion, or $1.43 per share, during the third quarter of 2024, compared to $1.5 billion, or $1.42 per share, during the third quarter of 2023. Operating revenues increased by 4.2% to $7.3 billion.

Third-quarter earnings were $1.5 billion, or $1.40 per share.

Excluding certain items, earnings were $1.6 billion, or $1.43 per share.

Operating revenues increased by 4.2% to $7.3 billion.

Company responded to Hurricane Helene, the most destructive storm in Georgia Power’s history.

Total Revenue
$7.27B
Previous year: $6.98B
+4.2%
EPS
$1.43
Previous year: $1.42
+0.7%
Gross Profit
$3.95B
Previous year: $3.75B
+5.3%
Cash and Equivalents
$1.05B
Previous year: $1.68B
-37.4%
Free Cash Flow
$1.14B
Previous year: $26M
+4296.2%
Total Assets
$144B
Previous year: $138B
+4.1%

Southern Co

Southern Co

Southern Co Revenue by Segment

Forward Guidance

No specific forward guidance was provided in the release.

Revenue & Expenses

Visualization of income flow from segment revenue to net income