Southern Company reports first-quarter 2026 earnings.
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Southern Company reports first-quarter 2026 earnings. Southern Company today reported first-quarter earnings of $1.4 billion, or $1.21 per share, in 2026 compared with earnings of $1.3 billion, or $1.21 per share, in the first quarter of 2025. Excluding the items described under "Net Income - Excluding Items" in the table below, Southern Company earned $1.5 billion, or $1.32 per share, during the first quarter of 2026, compared with $1.4 billion, or $1.23 per share, during the first quarter of 2025. | Non-GAAP Financial Measures | Three Months Ended March | | Net Income - Excluding Items (in millions) | 2026 | 2025 | | Net Income - As Reported | $ 1,356 | $ 1,334 | | Less: | / | / | | Accelerated Depreciation from Repowering | (154) | (26) | | Tax Impact | 34 | 6 | | Loss on Extinguishment of Debt | (11) | - | | Tax Impact | 3 | - | | Estimated Loss on Nicor Gas Capital Investments | (2) | - | | Tax Impact | - | - | | Estimated Loss on Plants Under Construction | - | (3) | | Tax Impact | - | 1 | | Net Income - Excluding Items | $ 1,486 | $ 1,356 | | Average Shares Outstanding - (in millions) | 1,124 | 1,100 | | Basic Earnings Per Share - Excluding Items | $ 1.32 | $ 1.23 | NOTE: For more information regarding these non-GAAP adjustments, see the footnotes accompanying the Financial Highlights page of the earnings package. Adjusted earnings drivers for the first quarter...
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