Southern Company

Southern Company

SO

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Market Cap$106.57B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Southern CompanySouthern Company22.73.15%11%3.61.7

Earnings Call Q2 2026

July 30, 2026 - AI Summary

Strong Q2 results; earnings momentum continues - Adjusted EPS: $1.13/share, +$0.21 YoY and +$0.13 vs prior estimate (drivers: higher usage/customer growth, higher AFUDC from construction, equity-method income, and tax-related impacts at regulated utilities). - 1H26 adjusted EPS: $2.46, well above year-to-date expectations. - Full-year outlook (forecast): near or at the top of 2026 adjusted EPS guidance $4.50–$4.60. - Q3 expected adjusted EPS: $1.50/share.
Big load/data center growth is accelerating—and is translating into contracted MW visibility - Large-load contracted total: now >17 GW by mid-2030s (including new agreements plus earlier signed deals). - New examples cited: - Alabama Power: three new contracts totaling ~3 GW. - Georgia Power/OpenAI: 3.2 GW, 25-year contract near Savannah; service begins in phases starting 2028, with ~1 GW flexible demand response for peak reliability. - Pipeline remains heavy: large industrial + data center projects >75 GW prospectively; +8 GW in late stages beyond the 17 GW already contracted (with ~3 GW expected to be finalized near-term). - Operational/customer impact: systemwide data center load >1.2 GW (up 500+ MW YoY), expected to keep accelerating as contracted demand comes online.
Demand and retail sales trend unusually strong (surprising upside in volumes) - Weather-normal retail electricity sales (YTD): +2.3% vs 1H25, described as the highest retail sales growth through June in ~two decades. - Commercial: weather-normal commercial +7.4% in Q2; +6% YTD. - Data center usage: +55% YoY in Q2 and +49% YTD. - Customer growth: ~11,000 new residential electric customers in the quarter; net adds >40,000 over the last year.

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$97.67

Target Price by Analysts

3.3% upsideSouthern Company Target Price DetailsTarget Price
$37.06

Current Fair Value

60.8% downside

Overvalued by 60.8% based on the discounted cash flow analysis.

Share Statistics

Market cap$106.57 Billion
Enterprise Value$179.52 Billion
Dividend Yield$2.98 (3.15%)
Earnings per Share$3.94
Beta0.33
Outstanding Shares1,137,000,000

Return

Return on Equity11.00%ROE
Return on AssetsNaN%
Return on Invested Capital9.18%

Valuation & Multiples

P/E Ratio22.67P/E Ratio
PEG67.86PEG
Price to Sales3.64Price to Sales
Price to Book Ratio-0.89Price to Book Ratio
Enterprise Value to Revenue5.95
Enterprise Value to EBIT-124.24
Enterprise Value to Net Income38
Total Debt to Enterprise0.41
Debt to Equity1.72Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 30, 2026
EPS Estimate
$1.01
Average shareholder expectation
Revenue Estimate
$7.23 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 29, 2026
EPS Estimate
$1.66
Average shareholder expectation
Revenue Estimate
$8.20 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000 80.04%
Total Calls- 100.00%
Total Puts884,700 74.66%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.04% 66.18%
Total Invested$4.36B 94.27%
Investors Holding1,159 1245.00%

ESG Score

No data

About Southern Company

2,018 employees
CEO: Thomas Fanning

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for tax legislation, directly influencing corporate tax structures and capital investment credits critical to Southern Company's financial planning.

Finance

This powerful committee controls taxation and trade policy. Its decisions on corporate tax rates, incentives for energy investments, and other fiscal policies directly impact Southern Company's profitability and capital allocation.

Appropriations

This committee directly allocates discretionary federal spending. Its subcommittees determine funding for energy research, infrastructure projects, and resilience grants, which can directly benefit or impact Southern Company's operations and investments.

Energy and Natural Resources

This committee directly oversees national energy policy and the Department of Energy, which are central to Southern Company's business as an energy utility, including nuclear and other generation.

Environment and Public Works

This committee directly regulates the Nuclear Regulatory Commission (NRC), which is crucial for Southern Company's nuclear electric power generation. It also oversees the EPA, impacting environmental regulations for power plants.