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The Southern Company  (SO)
Other Ticker:  
 
    Sector  Utilities    Industry Electric Utilities
   Industry Electric Utilities
   Sector  Utilities
 
Price: $73.2500 $0.27 0.370%
Day's High: $73.77 Week Perf: 4.94 %
Day's Low: $ 72.55 30 Day Perf: 4.3 %
Volume (M): 6,054 52 Wk High: $ 75.80
Volume (M$): $ 443,485 52 Wk Avg: $69.60
Open: $72.97 52 Wk Low: $61.56



 Market Capitalization (Millions $) 80,429
 Shares Outstanding (Millions) 1,098
 Employees 27,300
 Revenues (TTM) (Millions $) 29,117
 Net Income (TTM) (Millions $) 3,144
 Cash Flow (TTM) (Millions $) 299
 Capital Exp. (TTM) (Millions $) 3,544

The Southern Company
Southern Company was incorporated under the laws of Delaware on November 9, 1945. Southern Company is domesticated under the laws of Georgia and is qualified to do business as a foreign corporation under the laws of Alabama.
Southern Company owns all the outstanding common stock of Alabama Power, Georgia Power, Gulf Power, Mississippi Power and Savannah Electric, each of which is an operating public utility company. The retail operating companies supply electric service in the states of Alabama, Georgia, Florida, Mississippi and Georgia,
respectively.

More particular information relating to each of the retail operating companies is as follows:

Alabama Power is a corporation organized under the laws of the State of Alabama on November 10, 1927, by the consolidation of a predecessor Alabama Power Company, Gulf Electric Company and Houston Power Company.
The predecessor Alabama Power Company had had a continuous existence since its incorporation in 1906.

Georgia Power was incorporated under the laws of the State of Georgia on June 26, 1930, and admitted to do business in Alabama on September 15, 1948.

Gulf Power is a corporation which was organized under the laws of the State of Maine on November 2, 1925, and admitted to do business in Florida on January 15, 1926, in Mississippi on October 25, 1976, and in Georgia on November 20, 1984.

Mississippi Power was incorporated under the laws of the State of Mississippi on July 12, 1972, was admitted to do business in Alabama on
November 28, 1972, and effective December 21, 1972, by the merger into it of the predecessor Mississippi Power Company, succeeded to the business and properties of the latter company. The predecessor Mississippi Power Company was incorporated under the laws of the State of Maine on November 24, 1924, and was admitted to do business in Mississippi on December 23, 1924, and in Alabama on December 7, 1962.

Savannah Electric is a corporation existing under the laws of the State of Georgia; its charter was granted by the Secretary of State on August 5, 1921.

The SOUTHERN System

Retail Operating Companies

The transmission facilities of each of the retail operating companies are connected to the respective companys own generating plants and other sources of power and are interconnected with the transmission facilities of the other retail operating companies and SEGCO by means of heavy-duty high voltage lines.


Operating contracts covering arrangements in effect with principal neighboring utility systems provide for capacity exchanges, capacity purchases and sales, transfers of economy energy and other similar transactions. Additionally, the retail operating companies have entered into voluntary reliability agreements with the subsidiaries of Entergy Corporation, Florida Electric Power Coordinating Group and TVA and with Carolina Power & Light Company, Duke Energy Corporation, South Carolina Electric & Gas Company and Virginia Electric and Power Company, each of which provides for the establishment and periodic review of principles and procedures for planning and operation of generation and transmission facilities, maintenance schedules, load retention programs, emergency operations and other matters affecting the reliability of bulk power supply. The retail operating companies have joined with other utilities in the Southeast to form the SERC to augment further the reliability and adequacy of bulk power supply. Through the SERC, the retail operating companies are represented on the National Electric Reliability Council.


Southern Power

Southern Power is an electric wholesale generation subsidiary with market-based rates. Southern Power constructs, owns and manages generating facilities and sells the output under long-term, fixed-price capacity contracts both to unaffiliated wholesale purchasers as well as to the retail operating companies (under PPAs approved by the respective PSCs). Southern Powers business activities are not subject to traditional state regulation of utilities but are subject to regulation by the FERC.

Increased competition which may result from restructuring efforts could have a significant adverse financial impact on Southern Company and its retail operating companies. Increased competition could result in increased pressure to lower the cost of electricity. Any adoption in the territories served by the retail operating companies of retail competition and the unbundling of regulated energy service could have a significant adverse financial impact on Southern Company and the retail operating companies due to an impairment of assets, a
loss of retail customers, lower profit margins, an inability to recover reasonable costs or increased costs of capital. Southern Company cannot predict if or when it will be subject to changes in legislation or regulation, nor can Southern Company predict the impact of these changes.

Additionally, the electric utility industry has experienced a substantial increase in competition at the wholesale level, caused by changes in federal law and regulatory policy.



   Company Address: 30 Ivan Allen Jr. Boulevard, N.W. Atlanta 30308 GA
   Company Phone Number: 506-5000   Stock Exchange / Ticker: NYSE SO
   


Customers Net Income fell by SO's Customers Net Profit Margin fell to

-29.94 %

9.57 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CEG        1.54% 
DTE        4.61% 
DUK        3.92% 
NRG   -2.63%    
PCG        3.16% 
XEL        3.91% 
• View Complete Report
   



Nextera Energy Inc

Facing pressing business enviroment, with rather steep -14.666 %, revenue decrease, the NEE all along the first quarter of 2024

For the fiscal first quarter of 2024 NEE income per share increased by 5.77 % of $1.10 per share compare to $1.04 a year before and earnings per share soared by 92.64 % from $0.57 per share from the preceding reporting period. The revenue receded considerably by -14.666 % to $5.73 billion from $6.72 billion in the corresponding reporting period a year before and sequentially revenue fell by -16.664 % from $6.88 billion.

Nextera Energy Partners Lp

Earnings lifted by $13.00 million provisions on income taxes

For the first quarter of 2024 earnings season company earnings turned positive of $0.75 per share compare to $-0.17 a year ago and income faded by -28.2 % from $1.04 per share from the previous reporting season. The revenue decreased extensively by -14.618 % to $257.00 million from $301.00 million in the same reporting season a year ago and sequentially revenue advanced by 10.776 % from $232.00 million.

Astra Energy Inc

Astra Energy Inc's Second Quarter Performance: A Closer Look at Financial Stability and Growth



Astra Energy Inc recently released its financial results for the period ending February 29, 2024. While the top-line remained steady, the company's focus on reducing the operating shortfall has yielded positive outcomes. This article aims to interpret these financial results and assess how they might influence Astra Energy Inc's future prospects.
Steady Top-Line Performance:
Shareholders were not surprised by the lack of moderation in Astra Energy Inc's top-line earnings cycle from December to February 2024. This indicates stability and consistent revenue generation, which is crucial for the long-term growth of the company. However, it is essential to delve deeper into the financial statements to gain a more comprehensive understanding of Astra Energy Inc's financial health.

Spruce Power Holding Corporation

Impressive 122.362%, gain in revenue , by SPRU amid the financial fourth quarter of 2023

For the financial fourth quarter of 2023 company decreased a loss per share of $-0.19 per share compare to $-0.29 a year before and earnings per share improved from $-1.11 per share from the previous reporting period. The revenue surged sharply by 122.362 % to $15.70 million from $7.06 million in the corresponding reporting period a year before and sequentially Revenue Tumbled by -32.469 % from $23.25 million.

Altc Acquisition Corp

Headline: Altc Acquisition Corp Surges to 52-Week High Despite Operating Shortfall

Altc Acquisition Corp, a small Electric Utilities company, has seen a significant increase in its share price in the past 7 days. The shares gained 14.03%, bringing the share price to 3.45% during the second quarter of 2024. This surge in share price has also led the company to reach its 52-week high.
During the October to December 31, 2023 reporting cycle, the investors did not assume any adjustments to the revenue at Altc Acquisition Corp. However, shareholders have noticed the company's operating shortfall of $-0.170848 million during the same period. Despite this shortfall, it is worth noting that the company has become more cost-effective compared to the previous year, where they had a much larger operating shortfall of $-0.447009 million.
The bottom line, which represents the net income of the company, stood at $2.576 million, showing a contraction of -7.51 basis points compared to the fourth quarter of 2022. It is important to remember that the size of the corporation might not be indicative of its future results.






 

The Southern's Segments
 
Retail
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

The Southern's Operating Statistics Decrease / Increase
       
Residential Electric Sales (Millions KWh)   Residential Electric Sales (Millions KWh) Decline   
Commercial Electric Sales (Millions KWh)   Commercial Electric Sales (Millions KWh) Decline   
Industrial Electric Sales (Millions KWh)   Industrial Electric Sales (Millions KWh) Decline   
Other Electric Sales (Millions KWh)   Other Electric Sales (Millions KWh) Decline   
Total Retail Electric Sales (Millions KWh)   Total Retail Electric Sales (Millions KWh) Decline   
Total Wholesale Electric Sales (Millions KWh)   Total Wholesale Electric Sales (Millions KWh) Decline   
Total Electric Sales (Millions KWh)   Total Electric Sales (Millions KWh) Decline   




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