Q3 25 EPS
$1.60
Q3 25 Revenue
$7.82B
vs S&P Since Q3 25
-0.7%
TRAILING MARKET
SO +4.9% vs S&P +5.7%
Market Reaction
Did SO Beat Earnings? Q3 2025 Results
Southern Company delivered a strong third quarter for 2025, posting adjusted earnings of $1.60 per share on total revenues of $7.82 billion, with EPS clearing analyst estimates and adjusted net income climbing 12.9% year-over-year. The primary engine… Read more Southern Company delivered a strong third quarter for 2025, posting adjusted earnings of $1.60 per share on total revenues of $7.82 billion, with EPS clearing analyst estimates and adjusted net income climbing 12.9% year-over-year. The primary engine behind the beat was robust utility performance, particularly at Georgia Power and Alabama Power, where higher retail revenues contributed a combined $0.28-per-share tailwind as weather-adjusted retail sales grew 2.6% and the company's regulated customer base expanded 1.1% to 4.58 million electric customers. Analysts retain a consensus "Hold" rating on the stock despite the solid print, with a mean price target of $101.24 suggesting modest upside. The quarter was not without headwinds, Southern Power's net income cratered 96.3% to just $3 million due to $103 million in pre-tax accelerated depreciation tied to wind facility repowering projects, a drag that will persist with roughly $320 million in similar charges projected for 2026. CEO Chris Womack pointed to accelerating electric demand growth across the company's service territories as a reason to expect a strong finish to the year.
Key Takeaways
- • Higher utility revenues across Traditional Electric Operating Companies
- • Strong retail revenue impacts contributing $0.15/share year-over-year
- • Weather-adjusted retail sales growth of 2.6% driven by commercial and industrial demand
- • Customer base growth of 0.8% year-over-year to 8.934 million regulated utility customers
- • Total kWh sales growth of 1.1% to 56.627 billion kWh
SO YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
SO Revenue by Segment
With YoY comparisons, source: SEC Filings
“Southern Company's robust third quarter performance comes as the momentum around electric demand growth opportunities and interest in our service territories continue to build. Our 28,000 system employees remain focused on meeting these growing needs in a way that benefits all customers while also providing premier reliability and resilient service for our company's 9 million customers. It is that disciplined approach and our unwavering commitment to put customers at the center of all that we do that positions us to finish the year strong and continues to position us to capture the opportunities ahead.”
— Chris Womack, Q3 2025 Earnings Press Release
SO Earnings Trends
SO vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SO EPS Trend
Earnings per share: estimate vs actual
SO Revenue Trend
Quarterly revenue: estimate vs actual
SO Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.32 | — | $8.40B | — |
| Q4 25 MISS FY | $0.57 | $0.55 | -3.51% | $6.98B | — |
| FY Full Year | $4.29 | $4.30 | +0.31% | $29.55B | +3.30% |
| Q3 25 | — | $1.60 | — | $7.82B | — |
| Q2 25 | — | $0.92 | — | $6.97B | — |
| Q1 25 | — | $1.23 | — | $7.78B | — |