Description
Southern Company’s 10 GW Generation Buildout Signals A Pivotal Expansion Cycle!
The Southern Company reported second-quarter 2026 adjusted EPS of $1.13, exceeding the prior-year quarter by $0.21 and company guidance by $0.13. Results benefited from higher electricity usage and customer growth across regulated utilities, increased allowance for funds used during construction, stronger equity investment earnings, favorable taxes, and contributions from Southern Company Gas and businesses such as PowerSecure. These gains were partly offset by higher interest expense from increased debt and dilution from additional shares outstanding. Year-to-date adjusted EPS reached $2.46, ahead of expectations. Southern Company maintained full-year 2026 adjusted EPS guidance of $4.50 to $4.60. Weather-normalized retail electricity sales increased 2.3% year-over-year, representing the strongest first-half growth in nearly two decades. Approximately 11,000 residential customers were added during the quarter and more than 40,000 over the past year. Commercial electricity sales rose 7.4%, while data center usage increased 55% from Q2 2025.
