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SOThe Southern Company
$97.29$109.7B
Overview & Verdict
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SO logoThe Southern Company(SO)Earnings, Financials & Key Ratios

SO•NYSE•Utilities
$97.29
24.8× P/E·Price updated Jul 7, 2026
SectorUtilitiesIndustryElectric UtilitiesSub-IndustryElectric and gas combination utilities
AboutThe Southern Company, through its subsidiaries, engages in the generation, transmission, and distribution of electricity. It operates through Gas Distribution Operations, Gas Pipeline Investments, Wholesale Gas Services, and Gas Marketing Services segments. The company also develops, constructs, acquires, owns, and manages power generation assets, including renewable energy projects and sells electricity in the wholesale market; and distributes natural gas in Illinois, Georgia, Virginia, and Tennessee, as well as provides gas marketing services, wholesale gas services, and gas pipeline investments operations. In addition, it owns and/or operates 30 hydroelectric generating stations, 24 fossil fuel generating stations, three nuclear generating stations, 13 combined cycle/cogeneration stations, 45 solar facilities, 15 wind facilities, one fuel cell facility, and four battery storage facility; and constructs, operates, and maintains 76,289 miles of natural gas pipelines and 14 storage facilities with total capacity of 157 Bcf to provide natural gas to residential, commercial, and industrial customers. The company serves approximately 8.7 million electric and gas utility customers. Further, the company offers digital wireless communications and fiber optics services. The Southern Company was incorporated in 1945 and is headquartered in Atlanta, Georgia.Show more
  • Revenue$29.55B+10.6%
  • EBITDA$13.3B+7.8%
  • Net Income$4.34B-1.4%
  • Free Cash Flow-$3.59B-531.0%
  • EBITDA Margin45.01%-2.5%
  • Net Margin14.69%-10.8%
  • ROE11.49%-6.1%
  • Interest Coverage2.51-13.5%
  • Debt/Equity1.69-6.3%

SO Price & Volume

The Southern Company (SO) stock price & volume — 10-year historical chart

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Vogtle Completion Drives Southern Company Earnings Inflection

Investment Thesis • Updated 2026Q1

VerdictNeutral
Growth:Expanding
Profitability:Stable
Financial:Strained
Cash Flow:Improving
Primary Risk:Regulatory recovery timing risk

Key Thesis Takeaways

  • Southern Company has reached a critical inflection point following the commercial operation of Vogtle Unit 4, transitioning from a decade of intense construction risk to a phase of regulated earnings growth.
  • While the company benefits from robust demand in the Southeast, investors should monitor the sustainability of its elevated debt-to-equity ratio of 1.90 and the potential for regulatory pressure on authorized returns.
  • The shift toward harvesting capital investments suggests a more stable long-term outlook, provided the utility can effectively manage its $76.0 billion debt load.

Verdict Logic

while the completion of Vogtle Unit 4 provides a clear path to earnings stability, the current P/E of 24.79 and a debt-to-equity ratio of 1.90 suggest that the valuation may already reflect the anticipated growth inflection.

SO Growth Metrics

The Southern Company (SO) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years5.39%
5 Years7.72%
3 Years0.31%
TTM8.33%

Profit CAGR

10 Years6.01%
5 Years6.73%
3 Years7.09%
TTM-5.28%

EPS CAGR

10 Years4.19%
5 Years5.85%
3 Years6.34%
TTM-6.24%

Return on Capital

10 Years4.74%
5 Years4.71%
3 Years5.24%
Last Year5.43%

SO Recent Earnings

The Southern Company (SO) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 10/12 qtrs (83%)●Beat Revenue 9/12 qtrs (75%)
Q2 2026Latest
Apr 30, 2026
Metric
Actual
Est
EPS
$1.32+9.1%
$1.21
Rev
$8.4B+4.0%
$8.1B
Q1 2026
Feb 19, 2026
Metric
Actual
Est
EPS
$0.55-1.4%
$0.56
Rev
$7.0B+14.5%
$6.1B
Q4 2025
Oct 30, 2025
Metric
Actual
Est
EPS
$1.60+6.0%
$1.51
Rev
$7.8B+2.7%
$7.6B
Q3 2025
Jul 31, 2025
Metric
Actual
Est
EPS
$0.91+4.0%
$0.88
Rev
$7.0B+9.6%
$6.4B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 30, 2026
$1.32vs $1.21+9.1%
$8.4Bvs $8.1B+4.0%
Q1 2026Feb 19, 2026
$0.55vs $0.56-1.4%
$7.0Bvs $6.1B+14.5%
Q4 2025Oct 30, 2025
$1.60vs $1.51+6.0%
$7.8Bvs $7.6B+2.7%
Q3 2025Jul 31, 2025
$0.91vs $0.88+4.0%
$7.0Bvs $6.4B+9.6%
Based on last 12 quarters of dataView full earnings history →

Latest SO News

Recent stock market news and headlines for The Southern Company (SO)

GlobeNewsWire·20h ago
Westhaven Announces the Start of Exploration at the Spences Bridge Gold Belt Properties, Southern British Columbia

A fifth drill is being mobilized to the Shovelnose property where a 15,000m exploration drill program is expected to start mid-month, continuing through to mid-December Prospecting, mapping and soil surveys underway on the Prospect Valley and Shovelnose properties 35,000m resource infill drilling program is over 50% complete – results continue to confirm continuity of gold and silver mineralization within the South Zone deposit including 9.8m grading 8.3 g/t Au and 11 g/t Ag VANCOUVER, British Columbia, July 07, 2026 (GLOBE NEWSWIRE) -- Westhaven Gold Corp. (TSX-V: WHN) (OTCQB: WTHVF) (FRA: 1W5) (“Westhaven” or the “Company”) is pleased to report the start of exploration at its Spences Bridge Gold Belt properties in southern British Columbia, including prospecting, geological mapping and soil sampling surveys on priority target areas at the Prospect Valley and Shovelnose properties, as well as mobilization of a fifth drill rig to the Shovelnose property in preparation for a 15,000m exploration drilling program expected to commence mid-month and continue through mid-December. With the start of exploration, the 2026 program is now combining potential resource growth through drilling and district scale exploration with project derisking through resource infill drilling and advancement of Pre-Feasibility studies (“PFS”).

Newsfile Corp·20h ago
Expansion Drilling Commences at Eloro Resources Ltd.'s Iska Iska Project, Southern Bolivia

Expansion diamond drilling program underway at Eloro Resources' Iska Iska Project, as part of the Preliminary Economic Assessment (PEA) process following the successful completion of the Updated Mineral Resource Estimate (MRE) in late April 2026. Key Program Objectives: As previously announced in the Company's press releases dated February 20 and May 7, 2026, the primary objectives of the expansion drilling program are to: Expand and upgrade the 85.17 million tonnes of Indicated Resources and 945.43 million tonnes of Inferred Resources in the Updated MRE.

Zacks Investment Research·1 day ago
Southern Co. (SO) Stock Sinks As Market Gains: What You Should Know

In the latest trading session, Southern Co. (SO) closed at $95.99, marking a -2.03% move from the previous day.

Newsfile Corp·1 day ago
Southern Cross Gold Drills 7.9 m @ 19.9 g/t AuEq Including 7.1% Sb and 2.8 g/t Au in Upper Golden Dyke: Antimony Dominance Confirmed

Vancouver, British Columbia and Melbourne, Australia--(Newsfile Corp. - July 6, 2026) - Southern Cross Gold Consolidated Ltd  (TSX: SXGC) (ASX: SX2) (OTCQX: SXGCF) (FSE: MV3) ("SXGC", "SX2" or the "Company") announces results from six drill holes targeting the upper portion of the Golden Dyke prospect at the 100%-owned Sunday Creek Gold-Antimony Project in Victoria (Figures 1 to 5). All holes were drilled within the highest-density drilled zone of the project, directly above the planned exploration decline base.

247 Wallst·2 days ago
What It Takes To Build A Portfolio That Covers A Retiree’s Grocery Bill Forever

A retired couple's grocery bill is one of the most inflation-sensitive lines in the household budget because it has to be paid every week, not once a year. The USDA's moderate-cost food plan puts a two-person older household's grocery cost in the neighborhood of $7,000 to more than $8,000 a year, depending on age and... What It Takes To Build A Portfolio That Covers A Retiree's Grocery Bill Forever

Peers Comparison

Key metrics vs top competitors for The Southern Company (SO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SO logoSOThe Southern CompanyCurrent
$97.29$109.68B24.8210.59%14.69%11.49%2.79%
DUK logoDUKDuke Energy Corporation
$128.22$99.96B20.326.19%15.44%9.6%—
D logoDDominion Energy, Inc.
$69.84$61.39B20.2414.16%13.48%7.08%—
AEP logoAEPAmerican Electric Power Company, Inc.
$137.53$74.83B20.659.37%16.49%11.45%—
EXC logoEXCExelon Corporation
$47.57$48.67B17.365.34%11.21%9.76%—
XEL logoXELXcel Energy Inc.
$80.67$50.35B23.599.14%14.14%9.34%—

Compare SO vs Peers

The Southern Company (SO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DUK

Most directly comparable listed peer for SO.

Scale Benchmark

vs GE

Larger-name benchmark to compare SO against a more recognizable public peer.

Peer Set

Compare Top 5

vs DUK, D, AEP, EXC

SO SEC Filings & Documents

The Southern Company (SO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 30, 2026·SEC

Material company update

Mar 19, 2026·SEC

Material company update

Feb 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 20, 2025·SEC

10-Q Quarterly Reports

3
FY 2025

Oct 30, 2025·SEC

FY 2025

Jul 31, 2025·SEC

FY 2025

May 1, 2025·SEC

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SO Frequently Asked Questions

The Southern Company (SO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is The Southern Company's revenue?

The Southern Company (SO) reported $30.17B in revenue for fiscal year 2025. This represents a 191% increase from $10.36B in 1996.

How fast is The Southern Company growing?

The Southern Company (SO) grew revenue by 10.6% over the past year. This is steady growth.

Is SO profitable?

Yes, The Southern Company (SO) is profitable, generating $4.36B in net income for fiscal year 2025 (14.7% net margin).

Dividend & Returns
Does SO pay dividends?

Yes, The Southern Company (SO) pays a dividend with a yield of 2.79%. This makes it attractive for income-focused investors.

What is SO's return on equity?

The Southern Company (SO) has a return on equity (ROE) of 11.5%. This is reasonable for most industries.

What is The Southern Company's free cash flow?

The Southern Company (SO) had negative free cash flow of $3.82B in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is SO's dividend sustainable?

The Southern Company (SO) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.

What if you invested $1,000 in SO back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →