8-KEarnings & Results

SOUTHERN CO 8-K Report, Financial Results (Feb 19, 2026)

Filed February 19, 2026For Securities:SOSOJESOJFSOJCSOJDSOMN

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.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Southern Company's financial results for the fourth quarter and full fiscal year ended December 31, 2025. It includes a press release with detailed financial information, both under Generally Accepted Accounting Principles (GAAP) and on a non-GAAP basis.

The non-GAAP financial measures presented exclude a variety of items. These include costs and related impacts from plants under construction, accelerated depreciation from wind facility repowering, costs associated with debt extinguishment, estimated losses from capital investment disallowances by the Illinois Commerce Commission, certain tax benefits, and impacts from the disposition of a commercial facility development.

Southern Company presents non-GAAP financial measures because management believes they provide investors with additional useful information to evaluate the performance of the company's ongoing business activities. These adjusted measures are used internally by management to assess performance as well.

Exhibit 99 to this 8-K filing contains business segment information for Southern Company's major operating subsidiaries: Alabama Power Company, Georgia Power Company, Mississippi Power Company, Southern Power Company, and Southern Company Gas. Investors should refer to this exhibit for segment-specific details.