Southern Company has reached a critical inflection point following the commercial operation of Vogtle Unit 4, transitioning from a decade of intense construction risk to a phase of regulated earnings growth.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth reached 8.0% in 2026Q1, supported by a 24.0% operating margin that reflects the successful integration of major capital projects into the rate base.
Southern Company forecasts an 8% electric load growth from 2025 to 2029, driven by in‑migration, data centers, and manufacturing activity. This expansion fuels demand for new generation capacity and supports future revenue growth.
Management targets a 9% compound annual growth rate for its rate base, which is expected to drive regulated earnings expansion. The rate base growth aligns with the company’s capital investment plan and regulatory approvals.
Southern plans $81 billion in capital expenditures over 2026‑2030, a significant increase from prior periods. The investment is aimed at new generation, transmission, and infrastructure upgrades to support load growth.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $1.94+13.5% vs $1.71 | $8.8B+5.6% vs $8.4B |
Q3 2026 Jul 30, 2026 | $1.13+11.9% vs $1.01 | $7.0B-3.5% vs $7.2B |
Q2 2026 Apr 30, 2026 | $1.32+9.1% vs $1.21 | $8.4B+4.0% vs $8.1B |
Q1 2026 Feb 19, 2026 | $0.55-1.4% vs $0.56 | $7.0B+14.5% vs $6.1B |
SO???s surging data center demand, 21 GW in large-load contracts and a potential $100B capital plan signal stronger earnings growth and investment upside.
NextEra Energy is leaning into electricity demand, but it isn't the only way to play demand growth.
WATSONVILLE, Calif.--(BUSINESS WIRE)-- #BuildingBetterTogether--Granite (NYSE: GVA) has been awarded a $51.5 million contract by the Southern California Regional Rail Authority (Metrolink) as part of the Southern California Optimized Rail Expansion (SCORE) program. The project will be included in Granite's fourth quarter 2026 CAP.The SCORE Bundled Marengo & Rancho Cucamonga Siding Extension Projects will construct two rail sidings, one near downtown Los Angeles and the other in Rancho Cucamonga. The improvements are.
The Southern Company ( SO ) Q3 2026 Earnings Call November 5, 2026 1:00 PM EST Company Participants Greg MacLeod - Director of Investor Relations Christopher Womack - CEO, President & Chairman David Poroch - Executive VP & CFO Conference Call Participants Shahriar Pourreza - Wells Fargo Securities, LLC, Research Division Nicholas Campanella - Barclays Bank PLC, Research Division Anthony Crowdell - Mizuho Securities USA LLC, Research Division Julien Dumoulin-Smith - Jefferies LLC, Research Division Carly Davenport - Goldman Sachs Group, Inc., Research Division Jeremy Tonet - JPMorgan Chase & Co, Research Division Nicholas Amicucci - Evercore ISI Institutional Equities, Research Division Richard Sunderland - Truist Securities, Inc., Research Division Stephen D'Ambrisi - RBC Capital Markets, Research Division Sophie Karp - KeyBanc Capital Markets Inc., Research Division Travis Miller - Morningstar Inc., Research Division Presentation Operator Good afternoon. My name is Alicia, and I will be your conference operator today.
Benchmark SO against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Southern Company (SO)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $92.34 | $104.09B | 21.46 | 10.59% | 16% | 12.03% | 2.94% | |
| $127.78 | $99.62B | 18.49 | 6.19% | 15.94% | 9.63% | 3.32% | |
| $68.60 | $60.34B | 22.35 | 14.16% | 13.94% | 8.01% | 3.88% | |
| $126.53 | $68.85B | 20.74 | 9.37% | 14.38% | 10.12% | 3.05% | |
| $45.62 | $46.68B | 17.93 | 5.34% | 10.17% | 8.95% | 3.5% | |
| $79.67 | $49.74B | 18.87 | 9.14% | 17.95% | 11.01% | 2.73% |
The Southern Company (SO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The Southern Company (SO) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 30, 2026·SEC
Jun 8, 2026·SEC
May 15, 2026·SEC
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The Southern Company (SO) stock FAQ — growth, dividends, profitability & financials explained
The Southern Company (SO) reported $31.20B in revenue over the trailing twelve months. Revenue was $29.55B in fiscal year 2025. That is 185% more than the $10.36B of fiscal year 1996.
The Southern Company (SO) grew revenue by 7.9% over the trailing twelve months, compared with the twelve months before.
Yes. The Southern Company (SO) earned $4.99B in net income over the trailing twelve months (a 16.0% net margin).
Yes. The Southern Company (SO) pays a dividend that yields 2.94% at the current price, a moderate yield.
The Southern Company (SO) had a return on equity (ROE) of 12.0% over the trailing twelve months. That is in line with the market's typical 10-15%.
The Southern Company (SO) generated $2.23B in free cash flow over the trailing twelve months.
The Southern Company (SO) has a dividend payout ratio of 69%. This suggests the dividend is well-covered and sustainable.
