SO · Earnings call · 2026Q3T · Full report
Guidance / Outlook
SOUTHERN CO · 2026-11-05 · Importance 62 · Surprise 68 · In source text
Southern Company estimated fourth-quarter adjusted EPS of $0.30, which would bring full-year 2026 adjusted EPS to $4.70. That estimate is $0.10 above the top of the original 2026 adjusted earnings guidance range and implies 9% year-over-year adjusted earnings growth. Management said it plans to refresh its financial outlook through 2031 in February, including capital investment, sales and rate-base growth, financing and earnings expectations. The CFO said the company felt positioned to raise the upper end of its 2027 and 2028 guidance ranges and start from a higher point on its 7%–8% growth path beginning in 2028.
Key facts
- Southern Company's Q4 2026 adjusted EPS estimate was $0.30 per share; combined with year-to-date results, this implied full-year adjusted earnings of $4.70, $0.10 above the top of the original 2026 guidance range and 9% year-over-year growth.
- Southern Company expected its 7% to 8% growth path to start in 2028 and extend well into the next decade.
- Southern Company's management said it felt able to raise the upper end of guidance for 2027 and 2028, with details to be addressed on the Q4 call.
- Southern Company planned to refresh its financial outlook through 2031 in February, including capital investment, sales and rate base growth, financing, and earnings expectations.
- Southern Company said it would conservatively assess and provide forward-looking guidance despite confidence in growth and customer benefits.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | committed | — | Southern Company's Q4 2026 adjusted EPS estimate was $0.30 per share; combined with year-to-date results, this implied full-year adjusted… |
| net_income | positive | probable | — | Southern Company expected its 7% to 8% growth path to start in 2028 and extend well into the next decade. |