- Southern Co’s adjusted EPS for Q2 is $1.10, up from 79 cents last year, beating the estimate of 92 cents.
- Operating revenue stands at $6.46 billion, an increase of 12% year-over-year, exceeding the estimate of $6 billion.
- Revenue breakdown by division:
- Alabama Power: $1.87 billion, up 11% y/y, estimate was $1.65 billion.
- Georgia Power: $2.88 billion, up 20% y/y, estimate was $2.53 billion.
- Mississippi Power: $364 million, up 17% y/y, estimate was $322.5 million.
- Southern Power: $524 million, slight decrease of 0.2% y/y, estimate was $535.6 million.
- Southern Company Gas: $831 million, down 2.5% y/y, estimate was $937.6 million.
- Total electric sales reached 49,897 mmkwh, up 3.9% y/y.
- Commercial electricity sales were 12,666 mmkwh, up 7.1% y/y.
- Industrial electricity sales were 12,318 mmkwh, nearly unchanged from last year’s 12,317 mmkwh.
- Operating expenses were $4.52 billion, a 1.5% increase y/y, but below the estimate of $4.64 billion.
- Analyst recommendations: 11 buys, 7 holds, and 3 sells.
Southern Co/The on Smartkarma
Independent analyst coverage of Southern Co/The on Smartkarma includes an insightful initiation of coverage report by Baptista Research. In their report titled “The Southern Company: Initiation of Coverage,” Baptista Research highlights Southern Company’s recent first quarter 2024 financial and operational performance. The report discusses essential updates and strategic insights, particularly emphasizing the successful commercial operation of Plant Vogtle Unit 4. With both units 3 and 4 now operational, Southern Company has significantly boosted its carbon-free energy capacity, aligning with the increasing demand for sustainable resources in the energy sector.
A look at Southern Co/The Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, The Southern Company seems to have a promising long-term outlook. With a high momentum score of 5, the company shows strong potential for growth and performance in the future. Additionally, scoring a 4 in both Dividend and Growth categories indicates that Southern Co/The is focused on rewarding its investors while also aiming for expansion and development. Although the Value score is moderate at 3, the company’s overall outlook appears positive, supported by its resilience score of 2, suggesting a capacity to weather challenges.
The Southern Company is a public utility holding company that operates in the southeastern United States. It is involved in electricity generation and distribution, as well as offering wireless telecommunications services. With a diversified business model that includes providing various communication services to businesses, the company seems well-positioned to benefit from the evolving needs of the market. The Smartkarma Smart Scores reflect a generally favorable sentiment towards Southern Co/The, highlighting its strengths in dividend distribution, growth prospects, and market momentum.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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