SO · 8-K · 20261105PR000071
Quarterly Earnings Performance
SOUTHERN CO · 2026-11-05 · Importance 47 · Surprise 22 · From source text
Third-quarter 2026 net income attributable to Southern Company was $2.046 billion, up 19.6% from $1.711 billion, and reported EPS rose to $1.77 from $1.55. Excluding identified items, quarterly net income was $2.242 billion versus $1.766 billion and EPS was $1.94 versus $1.60. For the first nine months of 2026, reported net income was $4.577 billion, up 16.6%, while adjusted net income was $5.017 billion versus $4.135 billion. Quarterly adjusted EPS growth of $0.34 reflected a $0.32 contribution from Traditional Electric Operating Companies, partly offset by a $0.09 dilution impact from additional shares.
Key facts
- Excluding specified items, Q3 2026 earnings were $2.2 billion, or $1.94 per share, versus $1.8 billion, or $1.60 per share, in Q3 2025. source
- For the nine months ended September 30, 2026, earnings excluding specified items were $5.0 billion, or $4.40 per share, versus $4.1 billion, or $3.76 per share, for the same period in 2025. source
- Third-quarter 2026 reported earnings were $2.0 billion, or $1.77 per share, versus $1.7 billion, or $1.55 per share, in Q3 2025. source
- For the nine months ended September 30, 2026, reported earnings were $4.6 billion, or $4.02 per share, versus $3.9 billion, or $3.56 per share, for the same period in 2025. source
- Southern Company Gas recorded estimated losses of $9 million ($7 million after tax) for Q3 2026 and $19 million ($14 million after tax) for the nine months ended September 30, 2026, related to Nicor Gas capital investments disallowed by the Illinois Commerce Commission in November 2025; further charges may occur, with amount and timing uncertain. source
- Southern Company recorded debt-extinguishment costs of $43 million ($40 million after tax) in Q3 2026 and $54 million ($49 million after tax) for the nine months ended September 30, 2026, following repurchases of convertible senior notes and redemption of junior subordinated notes. source
- Southern Company earnings for Q3 and the nine months ended September 30, 2026 included $57 million associated with a change in tax benefits related to 2025 debt extinguishment. source
- Q3 and nine-month 2025 earnings included pre-tax credits of $33 million ($25 million after tax) related to the estimated probable loss on Plant Vogtle Units 3 and 4, reflecting revisions to Georgia Power Company's project capital cost forecast. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +12.9% | For the nine months ended September 30, 2026, earnings excluding specified items were $5.0 billion, or $4.40 per share, versus $4.1… |
| net_income | positive | realized | +10.0% | For the nine months ended September 30, 2026, reported earnings were $4.6 billion, or $4.02 per share, versus $3.9 billion, or $3.56 per… |
| net_income | positive | realized | +5.7% | Excluding specified items, Q3 2026 earnings were $2.2 billion, or $1.94 per share, versus $1.8 billion, or $1.60 per share, in Q3 2025. |
| net_income | positive | realized | +4.3% | Third-quarter 2026 reported earnings were $2.0 billion, or $1.77 per share, versus $1.7 billion, or $1.55 per share, in Q3 2025. |
| operating_income | negative | realized | -0.3% | Southern Company Gas recorded estimated losses of $9 million ($7 million after tax) for Q3 2026 and $19 million ($14 million after tax)… |
| net_income | negative | realized | -0.2% | Southern Company Gas recorded estimated losses of $9 million ($7 million after tax) for Q3 2026 and $19 million ($14 million after tax)… |
| net_income | negative | contingent | — | Southern Company Gas recorded estimated losses of $9 million ($7 million after tax) for Q3 2026 and $19 million ($14 million after tax)… |