The Southern Company · SO · Next earnings

The Southern Company reports Thursday, Oct 29, 2026

SO reports before market open with consensus EPS at $1.65 and revenue at $8.28B. Last quarter: Southern Company Beats Q1 Estimates as Large-Load Demand Drives Growth

Reports Before market open39 days awayDate estimated Utilities

What the street expects

Consensus for the coming report
Consensus EPS $1.65 Calendar consensus
Consensus revenue $8.28B Calendar consensus
Report date Oct 29, 2026 Thursday, date estimated
Session Before market open 39 days away

Where SO left off: FY2026 Q1

Full report

Southern Company Beats Q1 Estimates as Large-Load Demand Drives Growth

EPS surprise +9.1% Reported $1.32 vs $1.21
Revenue surprise +4.0% Reported $8.40B vs $8.07B
Stock move +3.4% Event window
Subsequent drift -4.8% Up to 20 sessions

2026 adjusted EPS guidance of $4.50-$4.60 was maintained, following the raise issued at the Q4 2025 report. Management did not introduce new full-year guidance ranges but reiterated confidence in long-term earnings growth driven by large-load demand and the DOE loan program. Capex outlook remains increasing.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Higher financing costs and milder weather could dampen revenue growth.
  • Supply-chain constraints for turbines, transformers, and labor.
  • Regulatory uncertainty around rate freezes and upcoming PSC elections in Georgia.
  • Dependence on large-load customers and their credit quality.
  • Potential cost inflation in natural gas prices.

Questions analysts left open

  • Interest in new nuclear (AP1000) participation and cost-risk sharing.
  • Status of Southern Power tolling agreement roll-offs and hyperscaler interest.
  • Regulatory strategy related to stay-out filings and rate stability.
  • Equity financing needs and portfolio rotation opportunities.
  • Supply-chain availability for turbines and labor.

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Recent SO quarters

All SO earnings
+3.4%FY2026 Q1

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q1

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.