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

The main purpose of this 8-K filing is to publicly share Southern Company's financial results and operational highlights for the third quarter and the first nine months of 2022, as of September 30, 2022. It includes a press release and supporting financial exhibits.

What are the key non-GAAP financial measures presented, and why does the company use them?

The key non-GAAP measures presented are adjusted earnings and adjusted earnings per share (EPS). Southern Company uses these to provide investors with a clearer view of the performance of its ongoing business activities by excluding certain one-time or specific charges and credits, such as those related to plants under construction or acquisition/disposition impacts.

Where can I find the detailed financial statements?

This 8-K filing primarily furnishes a press release and supplemental financial information (Exhibits 99.01-99.07). For the full, audited financial statements prepared in accordance with GAAP, investors should refer to Southern Company's subsequent Form 10-Q filing for the third quarter of 2022 or its latest Form 10-K.

Does this filing contain information about specific operating segments?

Yes, the provided exhibits include business segment information for Southern Company's key operating subsidiaries: Alabama Power Company, Georgia Power Company, Mississippi Power Company, Southern Power Company, and Southern Company Gas.

SOUTHERN CO 8-K: Earnings & Results

Summary

Southern Company (SO) filed an 8-K on October 27, 2022, to furnish information regarding its financial results for the three-month and nine-month periods ended September 30, 2022. The report primarily includes a press release and related financial exhibits, detailing both GAAP and non-GAAP financial measures. Investors should note that the company provides adjusted earnings and earnings per share figures, excluding certain charges, credits, and acquisition/disposition impacts, which management uses for evaluating ongoing business performance. These non-GAAP measures are intended to offer additional insights beyond standard GAAP reporting, though they are not a substitute for GAAP-based financial statements.

Key Highlights

1Southern Company furnished its financial results for Q3 and the first nine months of 2022 via an 8-K filing on October 27, 2022.
2The filing includes a press release and several exhibits (99.01-99.07) containing detailed financial information.
3The company presented both GAAP and non-GAAP financial measures, focusing on earnings and earnings per share (EPS).
4Non-GAAP EPS excludes specific items like charges related to plants under construction, acquisition/disposition impacts, and in prior periods, specific business unit earnings and impairment charges.
5Southern Company management utilizes these non-GAAP measures to assess the performance of its ongoing business operations.
6The filing also includes segment information for key subsidiaries such as Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas.
7Kilowatt-hour sales and customer data for the periods are also provided within the furnished exhibits.

SOUTHERN CO 8-K Report, Financial Results (Oct 27, 2022)

Summary

Key Highlights

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