Welcome to our dedicated page for Southern news (Ticker: SO), a resource for investors and traders seeking the latest updates and insights on Southern stock.
Southern Company (NYSE: SO) provides essential energy services to millions across the Southeastern United States through electric utilities, natural gas distribution, and innovative infrastructure solutions. This news hub offers investors and stakeholders direct access to the company's official communications and strategic developments.
Stay informed with verified updates spanning earnings announcements, regulatory milestones, grid modernization projects, and sustainability initiatives. Our curated collection ensures timely access to filings, operational updates, and leadership insights directly affecting SO's market position.
Key coverage areas include rate case decisions, renewable energy partnerships, infrastructure investments, and technology deployments. Track the company's progress in balancing traditional utility operations with emerging energy solutions while maintaining regulatory compliance.
Bookmark this page for streamlined monitoring of SO's financial performance, dividend declarations, and long-term growth strategies. Regular updates provide critical context for evaluating this utility leader's role in America's evolving power sector.
Southern Company leads the U.S. utility sector in innovative energy research and funding, focusing on clean, reliable, and affordable energy solutions. The company has built a robust portfolio including carbon-free nuclear, advanced carbon capture, and renewable technologies. A notable achievement is the successful hydrogen and natural gas fuel blending project at Georgia Power's Plant McDonough-Atkinson, which achieved a 7% reduction in carbon emissions. Southern Company's R&D strategy prioritizes sustainability, energy delivery solutions, customer needs, and improvements to the existing generation fleet, supporting the transition to a net-zero future.
Southern Company reported a fourth-quarter loss of $87 million, or 8 cents per share, in 2022, an improvement from a loss of $215 million, or 20 cents per share, in Q4 2021. For the full year, earnings reached $3.5 billion ($3.28 per share), up from $2.4 billion ($2.26 per share) in 2021. Adjusted earnings for Q4 were $285 million (26 cents per share), down from $380 million (36 cents per share) a year earlier. Operating revenues surged to $7.0 billion in Q4, a 22.2% increase, and $29.3 billion for the full year, up 26.7%. Key drivers included higher rates and customer growth, offset by rising operational costs.
The Southern Company announced the election of David E. Meador and Lizanne Thomas as independent directors, effective April 1, 2023. Meador, former vice chairman of DTE Energy, brings extensive experience in finance, governance, and corporate culture. Thomas, previously a partner at Jones Day, is recognized for her expertise in corporate governance and mergers. The addition of these directors aims to enhance the board's strategic oversight and governance capabilities in the evolving energy sector. The company continues its commitment to sustainability and innovation, serving 9 million customers across the Southeast.
Southern Company (NYSE: SO) has made significant progress in its diversity, equity, and inclusion (DE&I) efforts, according to its second Moving to Equity report released on February 9, 2023. The report outlines increased representation of people of color and women, enhanced hiring and retention strategies, and substantial investments in community initiatives. In 2022, Southern Company spent $2.1 billion with diverse suppliers, achieving 28% of its goal to increase this to 30% by 2025. Additionally, $225 million is committed to advancing racial equity through 2025, with over $142 million already invested since 2021.
Alabama Power Company has appointed Moses Feagin as its new executive vice president, chief financial officer, and treasurer, effective March 1, 2023. Feagin, who previously served at Mississippi Power, brings over 30 years of experience, beginning his career at Alabama Power in 1987. He succeeds Phil Raymond, who retired in December 2022 after a 13-year tenure. CEO Jeff Peoples praised Feagin's financial and regulatory expertise. Feagin holds a bachelor's degree in accounting from the University of Alabama and is a certified management accountant.
Southern Company (NYSE: SO) announced key executive transitions aimed at strengthening its leadership team as part of a management transition plan. Effective March 1, 2023, David Poroch will take on the roles of comptroller and chief accounting officer, succeeding Ann Daiss, who will retire on May 1. Grace Kolvereid will become the CFO of Southern Company Gas, while Moses Feagin will lead Alabama Power as executive vice president and CFO, also starting March 1. Sterling Spainhour will assume the role of chief legal officer and compliance officer on April 1. The company emphasizes the importance of internal talent development to adapt to changing energy demands.
Southern Company has unveiled its commitment to meet the evolving energy needs of customers and stakeholders. Key initiatives include substantial investments in electric and natural gas infrastructure aimed at maintaining reliable service. The company plans to enhance its lower-carbon generating fleet by integrating renewable resources and retiring uneconomic coal plants, aligning with its net zero greenhouse gas emissions goal by 2050. Southern Company emphasizes workforce sustainability and community engagement while promoting diverse representation. The report serves as a roadmap for stakeholders to understand the company’s strategic alignment with corporate responsibility.
Southern Company (NYSE: SO) announced a regular quarterly dividend of
Southern Company (NYSE: SO) will announce its fourth-quarter 2022 earnings on February 16, 2023, at 7:30 a.m. EDT. Following the announcement, CEO Thomas A. Fanning and CFO Daniel S. Tucker will host a conference call for analysts at 1 p.m. EDT to discuss the earnings results. Investors and the public can access a live webcast of the call and a replay will be available for 12 months on their investor relations website. Southern Company serves approximately 9 million customers, providing reliable energy through various subsidiaries and is committed to innovation and low-carbon solutions.
