Southern Company reported second quarter 2026 operating revenues of $6.98 billion, nearly flat year-over-year and missing analyst expectations. However, adjusted earnings per share increased 23% to $1.13, beating the consensus estimate of $1.01. GAAP EPS was $1.03, compared to $0.80 in the prior-year quarter.
Key Highlights
- Adjusted earnings per share of $1.13 grew 23% from $0.92 in the prior-year quarter, exceeding analyst estimates of $1.01.
- Operating revenue of $6.98 billion was flat year-over-year, missing the $7.38 billion consensus estimate.
- Total kilowatt-hour sales rose 3.9% to 51.8 billion kWh, slightly below expectations, with strong commercial sales growth of 7.3% offsetting a 1.5% decline in residential sales.