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Dec 31, 2024
Southern Co Q4 2024 Earnings Report
Southern Company reported a decrease in earnings for Q4 2024 compared to the same period in 2023, with lower net income and EPS despite an increase in revenue.
Key Takeaways
Southern Company reported Q4 2024 earnings of $534 million, or $0.49 per share, compared to $855 million, or $0.78 per share, in Q4 2023. Adjusted EPS was $0.50, down from $0.64 in the prior year. Operating revenue increased by 4.9% to $6.3 billion. Despite higher revenue, increased operating expenses and interest costs negatively impacted profitability.
Q4 2024 revenue increased by 4.9% to $6.3 billion.
Net income declined 37.5% to $534 million.
EPS fell to $0.49 from $0.78 in Q4 2023.
Adjusted EPS declined to $0.50 from $0.64 in Q4 2023.
Southern Co
Southern Co
Southern Co Revenue by Segment
Revenue by Segment
Electric Ops Revenue
CapyFin.comSouthern Power Revenue
CapyFin.comSouthern Gas Revenue
CapyFin.com Forward Guidance
Southern Company expects stable revenue growth in 2025, supported by increased customer demand and infrastructure investments, but faces cost pressures from higher interest rates and operational expenses.
Positive Outlook
- Expected increase in retail electricity demand.
- Continued investment in infrastructure and clean energy projects.
- Stable regulatory environment supporting cost recovery.
- Expansion of natural gas distribution services.
- Projected long-term growth in earnings and cash flow.
Challenges Ahead
- Rising interest expenses impacting net profitability.
- Higher depreciation and amortization costs.
- Regulatory uncertainties related to environmental compliance.
- Potential delays in capital projects affecting revenue timing.
- Increasing competition in the wholesale energy market.
Revenue & Expenses
Visualization of income flow from segment revenue to net income