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Southern Company — Third Quarter 2026 Earnings Summary

  • Third-quarter 2026 net income rose to $2.0 billion ($1.77 per share) from $1.7 billion ($1.55 per share) in 2025, while operating revenues increased 13.0% year-over-year to $8.8 billion.
  • Management projects remaining pre-tax accelerated depreciation and decommissioning costs for wind facility repowering to total approximately $100 million in 2026 and $135 million in 2027.
  • Earnings growth was driven by a 7.3% increase in total kilowatt-hour sales and demand from data centers and large commercial customers, partially offset by higher non-fuel operating expenses and $118 million in wind repowering charges.
  • The company faces specific financial risks including $43 million in debt extinguishment costs in the quarter, an estimated $9 million loss on disallowed Nicor Gas capital investments, and tax charges related to Plant Vogtle Units 3 and 4.
Company
AGL RESOURCES INC
Sector
Utilities
Industry
Utilities - Regulated Gas