The company said consolidated net income attributable to Southern Company was $1.2 billion ($1.10 per share) in Q2 2024, compared with $0.8 billion ($0.77 per share) a year earlier. For the first half, it said net income was $2.3 billion ($2.13 per share), versus $1.7 billion ($1.56 per share) in the same period a year earlier.

1. 01

   The company said consolidated net income attributable to Southern Company was $1.2 billion ($1.10 per share) in Q2 2024, compared with $0.8 billion ($0.77 per share) a year earlier. For the first half, it said net income was $2.3 billion ($2.13 per share), versus $1.7 billion ($1.56 per share) in the same period a year earlier.

2. 02

   Southern Company Georgia Power said it placed Plant Vogtle Unit 4 in service on April 29, 2024, and that from May 1, 2024 annual retail base revenues rose by about $730 million and average retail base rates were adjusted by about 5%, while the NCCR tariff was eliminated.

3. 03

   Southern Company said retail electric revenues were $4.5 billion in Q2 2024, compared with $3.9 billion a year earlier. It cited higher revenues from rates and pricing, including the inclusion of Plant Vogtle Units 3 and 4 in Georgia Power's retail rates and base tariff increases at Georgia Power.

4. 04

   The company said operating cash flow for Southern Company rose by $1.1 billion over the 6 months ended June 30, 2024 compared with the same period a year earlier, and that long-term debt, including the portion due within 1 year, increased by $3.0 billion over the same period, reflecting net issuances of senior notes.

Key figures

Quarter ended June 30, 2024

Revenue

$6.5B

Operating income

$1.9B

Net income

$1.2B

EPS

$1.09

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.