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Southern Company's Financial Performance in Q3 2026

Southern Company announced its financial results for the third quarter of 2026, revealing impressive earnings of $2.0 billion, which translates to $1.77 per share. This marks a substantial increase from last year’s third-quarter earnings of $1.7 billion or $1.55 per share. Over the nine-month period ending September 30, 2026, the company earned $4.6 billion, which comes to $4.02 per share, compared to $3.9 billion or $3.56 per share in the same timeframe last year.

Excluding certain adjustments, Southern Company reported earnings of $2.2 billion or $1.94 per share during this quarter, showing a significant improvement from the previous year's $1.8 billion and $1.60 per share. The nine-month period saw earnings reach $5.0 billion, a year-over-year increase from $4.1 billion, illustrating robust financial health.

Key Revenue Drivers

The increase in earnings can be attributed to several favorable factors, including:

• - Warmer Weather: Benefitting from increased demand for electricity.
• - Customer Growth: An expanding customer base contributed positively to revenue.
• - Increased Usage: Higher consumption levels, particularly among commercial and industrial clients.
• - Higher Earnings from Southern Power: Enhanced profitability in the company's power generation segment.

However, these gains were partially offset by certain challenges, such as rising operational expenses and taxes. The adjusted earnings were calculated factoring in several itemized expenses, including depreciation changes, debt extinguishment costs, and losses associated with ongoing construction projects.

Revenue Highlights

Southern Company reported total operating revenues of $8.8 billion for the third quarter, a marked increase of 13% compared to $7.8 billion for the same quarter in 2025. The revenues for the nine months ending September 30 stood at $24.2 billion, up 7.3% from $22.6 billion the prior year.

Chris Womack, the chairman, president, and CEO expressed confidence in Southern Company's position to serve the growing demands of the Southeast region, highlighting their commitment to provide reliable energy in a responsible and sustainable manner. “Our scale, experience, and customer-centric strategy put us in a solid position to meet the current and future energy needs,” Womack emphasized.

Investor Engagement

Investors and analysts are encouraged to participate in Southern Company's financial analyst call, which is scheduled for 1 p.m. Eastern Time today. During this call, Womack and Chief Financial Officer David P. Poroch will discuss detailed earnings insights along with business updates. A live webcast will be available on their investor relations website, alongside supplementary financial slides.

About Southern Company

Southern Company, traded under NYSE SO, is a prominent energy provider catering to around 9 million customers throughout the Southeast. Its operations encompass electric utility services across three states, natural gas distribution in four states, and other competitive energy solutions, emphasizing a commitment to customer satisfaction and community improvement. With nearly 30,000 employees, the firm aims to deliver exceptional service while ensuring safety and reliability in energy provision.

Cautionary Note

This announcement contains forward-looking statements based on current expectations and plans which involve risks and uncertainties. It is essential for stakeholders to recognize that actual results may differ significantly due to various factors, including regulatory changes and market dynamics affecting the company’s performance.

For additional information on Southern Company's financial highlights, please visit Southern Company's Investor Relations page.