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Southern Company reports first-quarter 2025 earnings

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ATLANTA, May 1, 2025 /PRNewswire/ -- Southern Company today reported first-quarter earnings of $1.3 billion, or $1.21 per share, in 2025 compared with earnings of $1.1 billion, or $1.03 per share, in the first quarter of 2024.

Southern Company (PRNewsFoto/Southern Company) (PRNewsfoto/Southern Company)
Southern Company (PRNewsFoto/Southern Company) (PRNewsfoto/Southern Company)

Excluding the items described under "Net Income – Excluding Items" in the table below, Southern Company earned $1.4 billion, or $1.23 per share, during the first quarter of 2025, compared with $1.1 billion, or $1.03 per share, during the first quarter of 2024.

Non-GAAP Financial Measures

Three Months Ended March

Net Income – Excluding Items (in millions)

2025

2024

Net Income – As Reported

$                 1,334

$                 1,129

Less:



Estimated Loss on Plants Under Construction

(3)

(4)

Tax Impact

1

1

Accelerated Depreciation from Repowering

(26)

Tax Impact

6

Net Income – Excluding Items

$                 1,356

$                 1,132

Average Shares Outstanding – (in millions)                     

1,100

1,094

Basic Earnings Per Share – Excluding Items

$                   1.23

$                   1.03


NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package.

Adjusted earnings drivers for the first quarter 2025, as compared with 2024, were higher utility revenues, partially offset by increased non-fuel operations and maintenance expenses and depreciation and amortization.

First-quarter 2025 operating revenues were $7.8 billion, compared with $6.6 billion for the first quarter of 2024, an increase of 17.0%.

"We've had a solid start to the year for Southern Company, and we've demonstrated yet again that our customer-centric business model and focus on providing reliable and affordable energy for our 9 million customers continues to serve our stakeholders well," said Chris Womack, chairman, president and CEO. "We are excited about the future of this company and continue to be encouraged by the customer growth and enthusiasm we're seeing for our service territories. We remain focused on our goal of delivering regular, predictable and sustainable results over the long-term."