SO
FY2026 Q1 · Calendar Q2 2026
The Southern Company
Southern Company's Q1 2026 results reinforce its trajectory as a growth-oriented regulated utility powered by surging data-center and large-load electricity demand. Adjusted EPS of $1.32 beat consensus by 9.1%, and the company has now contracted over 11 GW of large-load capacity with a 75 GW pipeline underpinning future generation needs. A historic $26.5 billion DOE loan program lowers financing costs and supports an expanding capital plan, while the 25th consecutive annual dividend increase signals management's confidence in sustained earnings growth. The maintained 2026 EPS guidance of $4.50-$4.60, previously raised at year-end 2025, reflects steady execution against a multi-year investment thesis.
EPS surprise+9.1%
Market move+3.4%
