Southern Company Q3 Profit Rises to $2.0B as Revenue Climbs 13%

Southern Company reported third-quarter earnings of $2.0 billion, or $1.77 per share, up from $1.7 billion, or $1.55 per share, a year earlier, the Atlanta utility holding company said Thursday.

Operating revenues were $8.8 billion, a 13.0% increase from $7.8 billion in the third quarter of 2025, according to the company’s release and Form 8-K filed with the Securities and Exchange Commission. Diluted earnings per share were $1.76.

Adjusted results and drivers

Excluding items such as accelerated depreciation tied to wind-plant repowering and costs from extinguishing debt, Southern Company earned $2.2 billion, or $1.94 per share, compared with $1.8 billion, or $1.60 per share, a year earlier, the company said.

Adjusted earnings rose on warmer weather, higher usage, customer growth, revenue from large commercial and industrial customers and stronger results at Southern Power, partly offset by higher non-fuel operating expenses, taxes other than income taxes and dilution from more shares outstanding, according to the release.

Nine-month totals and subsidiaries

For the nine months ended Sept. 30, Southern Company reported earnings of $4.6 billion, or $4.02 per share, compared with $3.9 billion, or $3.56 per share, in 2025. Operating revenues for the period were $24.2 billion, up 7.3%.

Georgia Power contributed $1.523 billion of third-quarter net income available to common, Alabama Power $661 million and Mississippi Power $89 million, the company reported. Southern Power’s third-quarter net income available to common was $52 million, while Southern Company Gas reported $21 million.

Chairman, president and CEO Chris Womack said the Southeast is growing at a pace the company called unprecedented and that Southern Company is positioned to serve rising demand. The company scheduled a financial analyst call for 1 p.m. Eastern Time on Thursday.

Related: Duke Energy Q3 EPS Hits $1.99; 2026 Outlook Narrowed.

Sources: Southern Company (via PR Newswire), Southern Company Form 8-K Exhibit 99 (SEC), Southern Company Investor Relations