
SO · NYSE
Southern Company is a gas and electric utility serving power customers in the Southeast. It makes money primarily through utility operations and electricity usage, with customer growth and data-center demand supporting load growth. The supplied evidence does not provide a revenue split between electric, gas, or other businesses, nor quantify each segment’s contribution. Southern reported $28.9 billion of FY2025 revenue and $4.3 billion of net income, compared with $26.8 billion and $4.4 billion, respectively, in FY2024. Its customer base includes the growing data-center load highlighted in the latest earnings coverage, alongside its broader regulated utility customers.
Southern shares fell $3.53, or 3.65%, from $96.78 to $93.25 over the supplied trading window. The stock eased on July 29, dropped on July 30 after the mixed second-quarter update, recovered marginally on July 31, then fell 1.60 points on August 3 before a modest August 4 rebound. The earnings release provided offsetting signals: adjusted EPS was $1.13, $0.21 above the prior year and $0.13 above the company’s estimate, while revenue missed and customer growth and data-center demand rose 55%; management nevertheless expected full-year earnings near the top of guidance. The August 3 announcement of $2.15 billion of convertible senior notes added a financing event during the decline. No broader market driver is supplied.