Key events, in time order
Company announced offerings of convertible senior notes due 2027 and 2029, upsized and priced, for general corporate purposes.
Q2 adj EPS $1.13 beat; BofA lifted stake 4.9%, reinforcing growth
Subsidiary signs long-term deal to power OpenAI data center, with customer protections and grid support.
Q1 2026 adjusted EPS was $1.32 per share, 9¢ higher than 2025 and 12¢ above estimate
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Facts and opinions separated · All items sourced · Not investment advice
The Southern Company is a regulated utility that generates and delivers electricity to about 8.7 million customers across the Southeast, plus natural gas to homes and businesses in four states. Think of it as the essential power grid operator for a large regio
Money comes from regulated electricity and gas sales, which are recurring and stable. Net margin was 15.43% TTM, with annual net income of USD 4.34B in 2025, driven by steady customer demand and rate-based returns.
Regulated monopolies face high barriers to entry, but competitors like NextEra Energy and Duke Energy push renewable alternatives, while regulatory pressure on coal assets erodes cost advantages. Moat is eroding.
Hold (sector percentile 40) — value B, growth B-, profitability B-, momentum C, revisions C. Updated daily, sector-relative, identical for every user.
