SOUTHERN (SO) Q1 FY25 earnings call

Earnings call· Mar 2025 (Q1 FY25)· Utilities· May 1, 2025

Source: earnings call transcript

Southern Company reported a strong Q1 FY25, exceeding estimates, driven by utility investments and favorable weather. The company highlighted robust economic development and a growing large load pipeline, particularly from data centers, which supports potential re-evaluation of long-term EPS growth. Management addressed tariff implications, expecting no material impact, and reiterated commitment to affordability and reliability, while also increasing its annual dividend for the 24th consecutive year.

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SO operating KPIs by quarter

SO operating KPIs stated on its earnings calls, by fiscal quarter
KPI	Dec 2024 Q4 FY24	Sep 2025 Q3 FY25	Dec 2025 Q4 FY25	Change vs prior quarter
Customers	9M The tremendous value inherent in our 3 electric utilities and 4 natural gas distribution utilities is a function of our continuous focus on our 9 million customers, our constructive regulatory environments with orderly processes and service territories with strong long-term fundamentals. Source: earnings call transcript	9M+ Our state-regulated electric and gas utilities continue to provide long-term value to the more than 9 million customers across the Southeast and beyond with reliable and affordable energy. Source: earnings call transcript	9M I'm incredibly proud of the way Southern Company's electric and gas teams safely performed under these harsh conditions for our 9 million customers. Source: earnings call transcript	—

Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.

Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.