AI English summary of an SEC filing — figures as filed
Southern Company SOThe company said its Q2 2024 net income was $1.2 billion ($1.10 per share), compared with $838 million (77 cents per share) in Q2 2023. Net income for the 6-month period ended June in 2024 was $2.3 billion ($2.13 per share), compared with $1.7 billion ($1.56 per share) a year earlier.
Key points
AI summaryThe company said its Q2 2024 net income was $1.2 billion ($1.10 per share), compared with $838 million (77 cents per share) in Q2 2023. Net income for the 6-month period ended June in 2024 was $2.3 billion ($2.13 per share), compared with $1.7 billion ($1.56 per share) a year earlier.
The company said its operating revenues for Q2 2024 were $6.5 billion, up 12.4% from $5.7 billion a year earlier, and that year-to-date revenues of $13.1 billion rose 7.2%. The company cited higher utility revenues as the main driver of adjusted earnings for Q2, partly offset by higher interest expense, depreciation and amortization, and income taxes.
The company reported that net income excluding special items was $1,204 million ($1.10 per share) for Q2, compared with $868 million ($0.79 per share) a year earlier. Adjusted net income for the first half was $2,335 million ($2.13 per share), compared with $1,735 million ($1.59 per share) a year earlier.
The company said reported net income for Q2 2024 was $1,192 million for the Traditional Electric Operating Companies ($823 million a year earlier), $86 million for Southern Power ($85 million a year earlier), and $108 million for Southern Company Gas ($85 million a year earlier).
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Net Income and Earnings Per Share for Q2 2024 (As Reported)
The company said its Q2 2024 net income was $1.2 billion ($1.10 per share), compared with $838 million (77 cents per share) in Q2 2023. Net income for the 6-month period ended June in 2024 was $2.3 billion ($2.13 per share), compared with $1.7 billion ($1.56 per share) a year earlier.
Source · Based on the filing body and exhibits
Q2 Operating Revenue Growth and Adjusted Earnings Factors Cited by the Company
The company said its operating revenues for Q2 2024 were $6.5 billion, up 12.4% from $5.7 billion a year earlier, and that year-to-date revenues of $13.1 billion rose 7.2%. The company cited higher utility revenues as the main driver of adjusted earnings for Q2, partly offset by higher interest expense, depreciation and amortization, and income taxes.
Source · Based on the filing body and exhibits
Adjusted Net Income Excluding Special Items (Q2 and Year-to-Date)
The company reported that net income excluding special items was $1,204 million ($1.10 per share) for Q2, compared with $868 million ($0.79 per share) a year earlier. Adjusted net income for the first half was $2,335 million ($2.13 per share), compared with $1,735 million ($1.59 per share) a year earlier.
Source · Based on the filing body and exhibits
Net Income by Segment for Q2 (As Reported)
The company said reported net income for Q2 2024 was $1,192 million for the Traditional Electric Operating Companies ($823 million a year earlier), $86 million for Southern Power ($85 million a year earlier), and $108 million for Southern Company Gas ($85 million a year earlier).
Source · Based on the filing body and exhibits
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.
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