Q4 25 EPS
$0.55
MISS 3.51%
Est. $0.57
Q4 25 Revenue
$6.98B
vs S&P Since Q4 25
+306.7%
BEATING MARKET
SO +311.2% vs S&P +4.5%
Full Year 2025 Results
FY 25 EPS
$4.30
BEAT +0.31%
Est. $4.29
FY 25 Revenue
$29.55B
BEAT +3.30%
Est. $28.61B
Market Reaction
Did SO Beat Earnings? Q4 2025 Results
Southern Company delivered a mixed fourth quarter for 2025, posting adjusted earnings of $0.55 per share that fell just short of the $0.57 consensus estimate, a 3.51% miss, even as revenue told a more convincing story, climbing 10.1% year-over-year t… Read more Southern Company delivered a mixed fourth quarter for 2025, posting adjusted earnings of $0.55 per share that fell just short of the $0.57 consensus estimate, a 3.51% miss, even as revenue told a more convincing story, climbing 10.1% year-over-year to $6.98 billion against analyst expectations of $6.04 billion. On a GAAP basis, earnings came in at $0.38 per share, weighed down by a $123 million pre-tax loss on debt extinguishment, accelerated depreciation charges tied to wind facility repowering, and a regulatory setback at Nicor Gas from Illinois Commerce Commission capital investment disallowances. The revenue strength was broad-based, with Southern Company Gas leading segment growth at 20.7% and Southern Power adding 13.2%. Total kilowatt-hour sales rose 4.9%, powered in part by a 14.5% surge in wholesale volumes. Looking ahead, the Atlanta-based utility is leaning into long-term demand growth from data centers as a central investment thesis, though investors should note that wind repowering charges are projected to continue at roughly $490 million pre-tax in 2026.
Key Takeaways
- • Higher utility revenues across traditional electric operating companies
- • 10.1% increase in Q4 operating revenues year-over-year
- • Total kilowatt-hour sales up 4.9% in Q4 with wholesale sales up 14.5%
- • Retail sales up 1.7% led by 3.0% commercial growth
- • Customer base grew 0.8% to 9.005 million regulated utility customers
SO YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SO Revenue by Segment
With YoY comparisons, source: SEC Filings
“2025 was another outstanding year for Southern Company, and it was also a transformative one. Southern Company is meeting the growing demand responsibly, while continuing to deliver value and benefits to all of our customers.”
— Chris Womack, Q4 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 | — |