Southern Company Reports Strong Q2 Earnings, Announces New Contracts and Growth Projections
Southern Company (SO) reported second-quarter adjusted earnings per share of $1.13 for the quarter ended July 30, 2026, reflecting a significant increase from the same period in 2025. The company raised its full-year guidance to between $4.50 and $4.60 per share, with expectations that results will likely reach or exceed the upper end of this range. Southern Company has secured over 17 gigawatts (GW) of contracted large-load agreements through the mid-2030s, including a notable 3.2 GW agreement with OpenAI for electric service in Georgia starting in 2028. The company also highlighted strong growth across its business segments, particularly data center usage and commercial sales, which rose by 55% and 7.4%, respectively. The firm is advancing multiple infrastructure projects, including the approval of 10 GW of new generation resources such as thermal, battery, and solar assets. Southern Company also emphasized its disciplined financial strategy with a target to reduce FFO-to-debt ratio to 17% by 2029.
Tickers: $SO
Topics: contract_growth data_center_usage financial_performance