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ATLANTA - Southern Company (NYSE:SO) reported first-quarter earnings that surpassed analyst expectations, with adjusted earnings per share (EPS) of $1.23 compared to the estimated $1.19. The company’s revenue for the quarter also exceeded forecasts, coming in at $7.8 billion versus the consensus estimate of $7.31 billion.
The Atlanta-based utility giant saw its adjusted earnings rise to $1.4 billion, or $1.23 per share, in the first quarter of 2025, up from $1.1 billion, or $1.03 per share, in the same period last year. Revenue for the quarter increased by 17.0% YoY to $7.8 billion from $6.6 billion in the first quarter of 2024.
Southern Company attributed the improved financial performance to higher utility revenues, which were partially offset by increased non-fuel operations and maintenance expenses, as well as higher depreciation and amortization costs.
Chris Womack, chairman, president and CEO of Southern Company, commented on the results: "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."
Despite the strong quarterly results, Southern Company’s stock was down 0.4% following the earnings release, suggesting a muted market response to the news.
The company’s reported net income for the quarter stood at $1.3 billion, or $1.21 per share, compared to $1.1 billion, or $1.03 per share, in the first quarter of 2024. Southern Company continues to focus on delivering regular, predictable, and sustainable results over the long term, while noting enthusiasm and growth in its service territories.
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