Southern Company Q1 2026 EPS flat at $1.21; excluding items up to $1.32
Southern Company reported first-quarter 2026 net income of $1.356 billion, or $1.21 per share, essentially flat with $1.21 a year earlier, as operating revenues rose 8.0% to $8.4 billion. Excluding items such as $154 million of accelerated depreciation tied to wind repowering, earnings were $1.32 per share, up from $1.23, so shareholders see higher adjusted earnings but no change in reported per-share profit.
Key points
- Reported EPS was $1.21 in both Q1 2026 and Q1 2025; net income was $1.356 billion versus $1.334 billion.
- Excluding items, EPS was $1.32 versus $1.23, and net income was $1.486 billion versus $1.356 billion.
- Operating revenues were $8.4 billion, up from $7.8 billion, driven in part by higher utility revenues.
- Excluded items include $154 million pre-tax accelerated depreciation at Southern Power, and milder-than-normal weather and higher interest expense weighed on adjusted results.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:21 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.