What is the main purpose of this 8-K filing?

The main purpose of this 8-K filing is to announce Southern Company's financial results for the first quarter of 2019 (ended March 31, 2019) and to furnish the related press release and supporting financial information.

Why is Southern Company providing non-GAAP financial measures?

Southern Company provides non-GAAP financial measures because management believes they offer investors additional insight into the performance of the company's ongoing business activities by excluding certain items that may not be representative of core operations, such as acquisition impacts, charges related to plants under construction, and specific business segment earnings.

Where can I find the detailed financial results and segment information?

The detailed financial results, including earnings per share (EPS), kilowatt-hour sales, and segment information for subsidiaries like Alabama Power, Georgia Power, and Southern Company Gas, are provided in the exhibits (Exhibits 99.01 through 99.07) attached to this 8-K filing.

Are the non-GAAP measures a substitute for GAAP results?

No, Southern Company explicitly states that the presentation of non-GAAP financial measures is not meant to be considered a substitute for financial measures prepared in accordance with GAAP. Investors should review both GAAP and non-GAAP figures, along with the provided reconciliations.

SOUTHERN CO 8-K: Earnings & Results

Summary

Southern Company (SO) filed an 8-K on May 1, 2019, to report its financial results for the three months ended March 31, 2019. The filing primarily consists of a press release and supporting financial exhibits detailing earnings and operational performance. Investors should note that the company is providing both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures, with the latter excluding certain items like acquisition/disposition impacts, charges related to plants under construction, and earnings from the Wholesale Gas Services business. Southern Company asserts that these non-GAAP measures offer a more useful view of ongoing business performance by excluding temporary or non-operational factors. The accompanying exhibits provide detailed segment information for its major subsidiaries, including Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas. While specific financial figures are not detailed within this 8-K summary itself, the filing signals the release of comprehensive quarterly performance data, including key metrics like earnings per share (EPS) and kilowatt-hour sales, allowing investors to assess the company's operational and financial health for the first quarter of 2019.

Key Highlights

1Southern Company filed an 8-K on May 1, 2019, to announce Q1 2019 earnings.
2The filing includes a press release and multiple financial exhibits for the period ending March 31, 2019.
3The company is presenting both GAAP and non-GAAP financial measures for Q1 2019.
4Non-GAAP measures exclude acquisition/disposition impacts, plant construction charges, and Wholesale Gas Services earnings.
5Southern Company believes non-GAAP measures provide a better view of ongoing business performance.
6Exhibits offer segment information for key subsidiaries: Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas.
7Detailed financial data, including EPS and kilowatt-hour sales, are available in the furnished exhibits.

SOUTHERN CO 8-K Report, Financial Results (May 1, 2019)

Summary

Key Highlights

Frequently Asked Questions