8-KEarnings & Results

SOUTHERN CO 8-K Report, Financial Results (Apr 26, 2007)

Filed April 26, 2007For Securities:SOSOJESOJFSOJCSOJDSOMN

Summary

This 8-K filing from The Southern Company (SO), filed on April 26, 2007, primarily announces the company's earnings for the first quarter ended March 31, 2007. The report includes a press release and supporting financial information furnished as exhibits, which detail the company's operational and financial performance. A key aspect highlighted is the company's use of a non-GAAP financial measure: earnings per share excluding the results of its synthetic fuel investments. This adjusted metric is presented to help investors better evaluate the performance of ongoing business activities, especially as the tax credits associated with these synthetic fuel investments are set to expire at the end of 2007. Investors should note that the information provided in this 8-K is furnished and not deemed "filed" under Section 18 of the Securities Exchange Act of 1934. The filing also confirms that the addresses of the six reporting entities, including Southern Company and its principal subsidiaries (Alabama Power Company, Georgia Power Company, Gulf Power Company, Mississippi Power Company, and Southern Power Company), have not changed. The exhibits contain detailed segment information and analysis of consolidated earnings, kilowatt-hour sales, and financial highlights.

Key Highlights

  • 1Southern Company reported its first quarter 2007 earnings on April 26, 2007.
  • 2The filing includes a press release and supplemental financial information for the three months ended March 31, 2007.
  • 3A non-GAAP financial measure, earnings per share (EPS) excluding synthetic fuel investments, is provided to assess ongoing business performance.
  • 4The company notes that tax credits from synthetic fuel investments will cease after December 31, 2007, making the adjusted EPS a key performance indicator for future comparisons.
  • 5The report is furnished by Southern Company and its principal utility subsidiaries: Alabama Power, Georgia Power, Gulf Power, Mississippi Power, and Southern Power.
  • 6Addresses for all reporting entities remain unchanged since the last report.
  • 7The information provided is furnished and not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.

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