Summary
Southern Company (SO) has filed an 8-K report on February 19, 2026, to announce its financial results for the three-month and twelve-month periods ended December 31, 2025. The filing includes a press release (Exhibit 99) that details both GAAP and non-GAAP financial measures. Investors should note that the non-GAAP figures exclude several significant items, such as costs related to plants under construction, accelerated depreciation for wind facilities, debt extinguishment costs, disallowances by the Illinois Commerce Commission, tax benefits, and disposition impacts from property sales. Southern Company utilizes these non-GAAP measures to provide a clearer view of its ongoing business operations, believing they are useful for investor evaluation of core performance. The report also indicates that Exhibit 99 contains business segment information for its major operating subsidiaries: Alabama Power Company, Georgia Power Company, Mississippi Power Company, Southern Power Company, and Southern Company Gas. Investors are advised to review the full press release and the reconciliations provided for a comprehensive understanding of the company's financial performance, considering both GAAP and non-GAAP perspectives.
Key Highlights
- 1Southern Company reported financial results for the periods ended December 31, 2025.
- 2The 8-K filing includes a press release detailing both GAAP and non-GAAP earnings and EPS.
- 3Significant non-GAAP adjustments include costs related to plants under construction, wind facility repowering, debt extinguishment, and regulatory disallowances.
- 4The company believes non-GAAP measures offer insight into ongoing business performance.
- 5Exhibit 99 provides segment information for key subsidiaries including Alabama Power, Georgia Power, Mississippi Power, Southern Power, and Southern Company Gas.
- 6Reconciliations between GAAP and non-GAAP measures are available in the attached exhibit for investor review.