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AI English summary of an SEC filing — figures as filed

Southern Company logoSouthern Company SO

The company said its third-quarter net income for Q3 2024 was $1.5 billion ($1.40 per share), compared with $1.4 billion ($1.30 per share) a year earlier. Net income for the 9-month period was $3.9 billion ($3.53 per share), compared with $3.1 billion ($2.86 per share) a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said its third-quarter net income for Q3 2024 was $1.5 billion ($1.40 per share), compared with $1.4 billion ($1.30 per share) a year earlier. Net income for the 9-month period was $3.9 billion ($3.53 per share), compared with $3.1 billion ($2.86 per share) a year earlier.

  2. Southern Company said operating revenues for Q3 2024 were $7.3 billion, up 4.2% from $7.0 billion a year earlier. Operating revenues for the 9-month period were $20.4 billion, up 6.1% from $19.2 billion a year earlier.

  3. The company said net income excluding items for Q3 2024 was $1.6 billion ($1.43 per share), compared with $1.5 billion ($1.42 per share) a year earlier. Net income excluding items for the 9-month period was $3.9 billion ($3.56 per share), compared with $3.3 billion ($3.01 per share) a year earlier.

  4. The company said its results for Q3 2024 and the 9-month period included a pre-tax impairment loss of $36 million ($27 million after tax) related to the discontinued development of a multi-use commercial facility at Alabama Power Company.

Summary

AI-written

Analysis 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 for Q3 2024 and 9 Months

The company said its third-quarter net income for Q3 2024 was $1.5 billion ($1.40 per share), compared with $1.4 billion ($1.30 per share) a year earlier. Net income for the 9-month period was $3.9 billion ($3.53 per share), compared with $3.1 billion ($2.86 per share) a year earlier.

Source · Based on the filing body and exhibits

Operating Revenues for Q3 2024 and 9 Months

Southern Company said operating revenues for Q3 2024 were $7.3 billion, up 4.2% from $7.0 billion a year earlier. Operating revenues for the 9-month period were $20.4 billion, up 6.1% from $19.2 billion a year earlier.

Source · Based on the filing body and exhibits

Net Income and Earnings Per Share Excluding Items

The company said net income excluding items for Q3 2024 was $1.6 billion ($1.43 per share), compared with $1.5 billion ($1.42 per share) a year earlier. Net income excluding items for the 9-month period was $3.9 billion ($3.56 per share), compared with $3.3 billion ($3.01 per share) a year earlier.

Source · Based on the filing body and exhibits

Impairment Related to Discontinued Alabama Power Facility Development

The company said its results for Q3 2024 and the 9-month period included a pre-tax impairment loss of $36 million ($27 million after tax) related to the discontinued development of a multi-use commercial facility at Alabama Power Company.

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.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.