UPDATE 1-Southern Co beats profit estimates as sales to data centers rise 12% [Yahoo! Finance]
Southern Company (The) (SO)
Last southern company (the) earnings: 4/30 06:30 am
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investor.southerncompany.com/information-for-investors/overview/default.aspx
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Source: Yahoo! Finance
May 2 (Reuters) - Southern Co's electricity sales to data centers and other commercial customers, as well as a growing pool of customers in the U.S. South, helped drive a first-quarter profit beat, company executives said on Thursday. Electricity sales to data centers were up 12% in the first three months of 2024, compared with the same period last year, with about a quarter of the growth coming from new developments versus existing centers ramping up, Southern Co executives said on an earnings call. Southern Co, based in Atlanta, said its business was also boosted by a fast-growing population in its territories in Georgia and other Southern states. The company said it added more than 13,000 residential electric customers and over 7,000 residential gas customers in the first quarter. Industrial sales, led by lumber and paper industries, also showed some signs of rebounding after a weak first quarter last year, executives said. Utilities are betting on benefiting on a boom in el
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SO
Earnings
- 5/2/24 - Beat
SO
Sec Filings
- 5/16/24 - Form 144
- 5/14/24 - Form DEFA14A
- 5/13/24 - Form 4
- SO's page on the SEC website