Southern Co. (SO) reported $6.05 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 14.2%. EPS of $0.64 for the same period compares to $0.26 a year ago.The reported revenue represents a surprise of -21.86% over the Zacks Consensus Estimate of $7.74 billion. With the consensus EPS estimate being $0.59, the EPS surprise was +8.47%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

Exhibit spotlights new Smart Neighborhoods™ collaboration between Nicor Gas, Fox Valley Habitat for Humanity and the City of Aurora AURORA, Ill., Feb. 14, 2024 /PRNewswire/ -- The City of Aurora and Nicor Gas announced today the unveiling of a new educational exhibit on Smart Cities on the first floor of the Development Services Building at City Hall. The ribbon cutting for the new exhibit will take place on February 14, 2024. The exhibit tells the story of how smart and connected technologies, when combine ...

Financial Performance - The Southern Company reported a significant increase in revenue, reaching $20.5 billion for the fiscal year, representing a 10% year-over-year growth[7]. - The company achieved a net income of $3.1 billion, which is a 15% increase compared to the previous year[7]. - Southern Company reported a return on equity (ROE) of 10.5%, which is consistent with its long-term financial targets[19]. - The company anticipates a stable dividend payout, maintaining a dividend yield of approximately 4.5% for shareholders[7]. - Southern Company anticipates a stable dividend payout, maintaining a dividend yield of approximately 4% for shareholders[19]. Customer Growth - Customer growth was noted with an addition of 150,000 new customers, bringing the total customer base to approximately 9.5 million[7]. - Customer growth was noted with an addition of 150,000 new customers, reflecting a 2% increase in the customer base[19]. Investment and Infrastructure - The company plans to invest $5 billion in renewable energy projects over the next five years, aiming for a 30% reduction in greenhouse gas emissions by 2030[7]. - Southern Company plans to invest $5 billion in renewable energy projects over the next five years, aiming to increase its renewable capacity by 30%[19]. - The company has set a capital expenditure guidance of $12 billion for the upcoming fiscal year, focusing on infrastructure improvements and technology upgrades[7]. - Southern Company has initiated a new strategy to enhance its natural gas infrastructure, with plans for a $1.2 billion pipeline expansion[20]. - Southern Company is expanding its market presence by entering into a joint venture for a new natural gas facility expected to generate 1,200 MW of power by 2025[7]. Strategic Acquisitions - Southern Company is actively pursuing strategic acquisitions to enhance its portfolio, with a target of completing at least two acquisitions in the next 18 months[7]. - Southern Company is exploring potential acquisitions in the renewable energy sector to diversify its portfolio and enhance growth[20]. Operational Challenges - Southern Company is facing challenges related to the construction and operation of Plant Vogtle Unit 4, including potential cost overruns and delays due to various factors such as labor costs and contractor performance[20]. - The company is currently managing the financial implications of potential funding obligations to MEAG Power regarding Plant Vogtle Units 3 and 4, which could affect cash flow[22]. - Southern Company is committed to overcoming operational challenges at Plant Vogtle Unit 4, which may include addressing environmental and geological conditions that could delay project timelines[20]. Regulatory and Compliance - Southern Company is focused on maintaining compliance with state and federal regulations, including rate cases and negotiations that could influence return on equity and cost recovery mechanisms[22]. - The company is subject to ongoing litigation and regulatory investigations concerning the Kemper County energy facility and Plant Vogtle Units 3 and 4, which may impact future operations[20]. Market Conditions - Southern Company is assessing the impact of competition from alternative energy sources in its operating markets, which could affect market share and pricing strategies[20]. - Southern Company is monitoring global economic conditions, including inflation and interest rate fluctuations, which could impact financing costs and overall financial performance[22]. Technological Advancements - The company is developing new technologies in energy storage, with a pilot project aimed at increasing battery capacity by 50% by 2024[7]. - Southern Company is exploring advancements in low- to no-carbon energy technologies and battery energy storage, which are critical for future growth and compliance with environmental regulations[22].

Investors are always looking for stocks that are poised to beat at earnings season and The Southern Company (SO) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because The Southern Company is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a p ...

First nuclear reaction safely initiated marks latest step prior to generation of electricity  ATLANTA, Feb. 14, 2024 /PRNewswire/ -- Georgia Power announced today that Unit 4 at the Vogtle nuclear expansion project near Waynesboro, Georgia, has safely reached initial criticality. Initial criticality is a key step during the startup testing sequence and demonstrates that -- for the first time -- operators have safely started the nuclear reaction inside the second reactor. This means atoms are being split and ...

The Southern Company (SO) is set to release fourth-quarter results on Feb 15. The current Zacks Consensus Estimate for the to-be-reported quarter is a profit of 59 cents per share on revenues of $7.7 billion.Let’s delve into the factors that might have influenced the power supplier’s performance in the December quarter. But it’s worth taking a look at Southern Company’s previous-quarter results first.Highlights of Q3 Earnings & Surprise HistoryIn the last reported quarter, the Atlanta, GA-based service prov ...

Southern Company (SO) and Samsung SmartThings have formed a strategic alliance through a Letter of Intent (LOI) to transform consumer energy management and smart home automation. This collaboration aims to develop innovative projects that combine consumer energy management with smart-home automation, resulting in a new era of personalized, automated solutions. With a focus on quantifiable reduction in energy costs and greenhouse gas emissions, this partnership signifies a monumental step toward sustainable ...

Southern Co. (SO) closed the most recent trading day at $66.94, moving -0.01% from the previous trading session. This change lagged the S&P 500's 0.06% gain on the day. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.24%.Heading into today, shares of the power company had lost 6.79% over the past month, lagging the Utilities sector's loss of 5.4% and the S&P 500's gain of 6.45% in that time.Market participants will be closely following the financial results of Southern Co. in it ...

ATLANTA, Feb. 6, 2024 /PRNewswire/ -- Southern Company today publishes its latest Moving to Equity report, showing notable achievements and impactful initiatives regarding the company's strategy to foster a more inclusive and equitable culture. Building upon years of dedicated work, Southern Company's commitment to diversity, equity and inclusion continues to drive meaningful actions and create positive change. Southern Company launched its Moving to Equity framework in 2020, focusing on key areas of talent ...

ATLANTA, Feb. 5, 2024 /PRNewswire/ -- Southern Company ranks as the No. 1 most-admired electric and gas utility worldwide according to Fortune magazine's World's Most Admired Companies list for 2024. A ranking of the world's most respected and reputable companies, the list is based on a survey of more than 3,700 executives, directors and financial analysts. "It is an honor to be named the most-admired electric and gas utility by Fortune magazine," said Chris Womack, chairman, president and CEO of Southern C ...