8-KEarnings & Results

SOUTHERN CO 8-K Report, Financial Results (May 1, 2025)

Filed May 1, 2025For Securities:SOSOJESOJFSOJCSOJDSOMN

Summary

Southern Company (SO) has filed an 8-K report on May 1, 2025, detailing its financial results for the first quarter ended March 31, 2025. The filing primarily references a press release (Exhibit 99) which provides both GAAP and non-GAAP financial measures. Investors should note that the company is presenting earnings and earnings per share excluding certain charges and credits, legal expenses, and tax impacts related to plants under construction, as well as accelerated depreciation at the Kay Wind facility. Southern Company asserts that these non-GAAP measures offer a clearer view of ongoing business operations and are utilized by management for performance evaluation, though they should not be considered a substitute for GAAP figures. The press release also includes segment information for key subsidiaries including Alabama Power Company, Georgia Power Company, Mississippi Power Company, Southern Power Company, and Southern Company Gas. This segment-level data will be crucial for investors looking to understand the performance drivers across Southern Company's diverse utility operations.

Key Highlights

  • 1Southern Company released its Q1 2025 earnings on May 1, 2025, via an 8-K filing.
  • 2The company is providing both GAAP and non-GAAP financial results, with non-GAAP measures excluding certain items related to construction projects and a specific wind facility.
  • 3Non-GAAP earnings and EPS are presented to offer insights into ongoing business performance.
  • 4The filing includes segment information for major subsidiaries: Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas.
  • 5The press release (Exhibit 99) is the primary source of detailed financial information and reconciliations.
  • 6Investors are cautioned that non-GAAP measures are not a substitute for GAAP financial reporting.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Southern Company's financial results for the first quarter ended March 31, 2025, and to furnish a press release containing these results and related financial information.

The non-GAAP earnings exclude charges (net of salvage proceeds) and credits, associated legal expenses (net of insurance recoveries), and tax impacts related to plants under construction. Additionally, for the first quarter of 2025, accelerated depreciation related to the repowering of the Kay Wind facility at Southern Power Company is also excluded.

Southern Company provides non-GAAP financial measures because it believes they offer investors additional information to evaluate the performance of the company's ongoing business activities. Management also uses these measures for performance evaluation.

Detailed business segment information for Alabama Power Company, Georgia Power Company, Mississippi Power Company, Southern Power Company, and Southern Company Gas is included in Exhibit 99, the press release furnished with this 8-K report.