SO · News · 20260731N

Guidance / Outlook

SOUTHERN CO · 2026-07-31 · Importance 29 · Surprise 6

Southern Company reaffirmed fiscal-year 2026 adjusted EPS guidance of $4.50 to $4.60 per share. Management indicated that the outlook remains supported by customer growth, data-center demand, higher electricity usage and construction-related earnings. The company also reaffirmed its 2028 adjusted EPS guidance, according to the earnings coverage. Management is targeting funds from operations equal to 17% of debt by 2029 while pursuing additional generation and financing capacity.

Key facts

• Management raised full-year 2026 guidance to the top of its $4.50-$4.60 adjusted EPS range. source
• Management is aiming for 17% FFO to debt by 2029 while maintaining rate stability for customers. source