Southern Company (SO) — Q2 2026 Earnings Preview
Key Points Table
| Factor | Details & What to Watch |
|---|---|
| Revenue Guidance | No explicit Q2 2026 guidance; Q2 consensus: $7,221M |
| EPS Guidance | No explicit Q2 2026 guidance; Q2 consensus: $1.00 |
| FY 2026 Guidance | Adjusted EPS: $4.50–$4.60; +7% YoY at midpoint |
| Sales Growth Outlook | Retail electric sales projected +3% in 2026; 10% CAGR 2026–2030 |
| Rate Base Growth | Projected ~9% CAGR through 2030 |
| Large Load Contracts | 11 GW contracted, 12 GW late-stage as of Q1 2026 |
| Capex Plan | $81B over next 5 years; upside possible via new RFPs |
| Dividend Policy | Modest increases expected; payout ratio to low/mid-60% |
| Key Risks | Supply chain, regulatory, rate stability, project execution |
