Summary
Southern Company (SO) filed an 8-K on November 4, 2021, to report its financial results for the three-month and nine-month periods ended September 30, 2021. The filing primarily contains a press release and supporting financial exhibits detailing the company's performance. Investors should note that Southern Company provides both GAAP and non-GAAP financial measures, with the non-GAAP figures excluding specific charges related to construction projects, wholesale gas services, acquisition/disposition impacts, and impairments on certain investments. The company asserts that these adjusted measures offer a clearer view of ongoing business operations and are used by management for performance evaluation.
Key Highlights
- 1Southern Company released its Q3 2021 and year-to-date financial results via an 8-K filing on November 4, 2021.
- 2The filing includes a press release and several exhibits presenting financial performance for the periods ending September 30, 2021.
- 3The company presented both GAAP and non-GAAP earnings per share (EPS) figures.
- 4Non-GAAP EPS excludes charges related to plants under construction, wholesale gas services earnings, and impacts from acquisitions/dispositions and impairments.
- 5Southern Company believes these non-GAAP measures provide useful insights into the performance of its ongoing business activities.
- 6The filing also contains segment information for its key operating subsidiaries: Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas.
- 7Exhibits include detailed financial highlights, factors impacting EPS, EPS earnings analysis, consolidated earnings, sales data, and a financial overview.