Southern Stock Price, News & Analysis

Southern Company (NYSE: SO) priced 35 million 2025 Series A Equity Units at a stated amount of $50 each (aggregate stated amount $1.75 billion), with an expected closing on November 6, 2025. The units carry total annual distributions of 7.125%, a reference price of $93.15, and a threshold appreciation price of $116.44 (≈25% premium).

Net proceeds are estimated at ≈$1.719 billion (≈$1.965 billion if 5 million-unit overallotment exercised). Southern Company intends to use ≈$1.153 billion of proceeds to repurchase specified existing convertible notes (including $674.4M and $342.0M aggregate principal amounts), with remaining proceeds to repay short-term debt, satisfy a proposed $1.25 billion redemption, and for general corporate purposes.

Southern Company (NYSE: SO) announced a public offering of 35 million equity units at a stated amount of $50 per unit (aggregate $1.75 billion) with an underwriter option for an additional 5 million units (aggregate $250 million). Each equity unit includes a contract to purchase common stock and two 1/40 undivided interests in remarketable senior notes.

Proceeds are intended to repurchase portions of its Series 2023A and 2024A convertible notes, repay short-term debt, repay or mature Series 2023A notes, satisfy redemption of up to $1.25 billion Series 2020B notes, and for general corporate purposes.

Southern Company (NYSE:SO) reported third-quarter 2025 net income of $1.7 billion, or $1.55 per share, versus $1.5 billion, or $1.40, in Q3 2024. On an excluding-items basis, Q3 adjusted earnings were $1.8 billion, or $1.60 per share, compared with $1.6 billion, or $1.43, a year earlier.

Third-quarter operating revenue was $7.8 billion (+7.5% YoY) and year-to-date operating revenue was $22.6 billion (+10.7% YoY). Management cited higher utility revenues offset by higher depreciation, amortization and interest expense and milder weather.

Southern Company (NYSE: SO) was named the highest-ranked U.S. energy company on Newsweek's World's Most Trustworthy Companies 2025 list on October 29, 2025.

The ranking derives from an independent survey of more than 65,000 participants across 23 industries and 20 countries, about 200,000 evaluations, and a social listening sentiment analysis; all publicly traded companies with revenue over $500 million in target countries were eligible. Southern Company cited the recognition as reflecting its 28,000 employees and its stated values of safety, inclusion, integrity and performance, and tied the accolade to its mission to provide clean, safe, reliable and affordable energy.

Southern Company (NYSE:SO) announced a regular quarterly dividend of $0.74 per share, payable December 8, 2025 to shareholders of record as of November 17, 2025. The company noted it has paid a quarterly dividend equal to or greater than the previous quarter for 78 consecutive years.

Georgia Power (NYSE: SO) began construction on a 200 MW battery energy storage system in Twiggs County, adjacent to an existing solar facility, with projected completion in 2027. The system is designed for a four-hour discharge to support winter 2027-2028 capacity and improve integration of intermittent solar.

Georgia Power has 765 MW of BESS under construction (completion in 2026) and is seeking PSC approval for 3,022.5 MW more plus 350 MW of solar+storage; an RFP targets an additional 500 MW by 2031.

Nicor Gas (NYSE:SO) will unveil a new Smart Neighborhood Show Home in Aurora in November 2025 at Habitat Green Freedom, developed with Habitat for Humanity of Northern Fox Valley.

The project will demonstrate how energy efficiency, renewables, natural gas, and smart technologies can deliver affordable, reliable and resilient housing in cold climates. Nicor Gas will partner with NREL and GTI Energy on a two-year research study to evaluate technologies and long-term benefits, working with vendors such as ecobee, GE Appliances, Generac, SPAN and others. Updates and milestones will be posted at ngsmartneighborhoods.com.

Georgia Power (NYSE: SO) marks the one-year anniversary of Hurricane Helene and outlines post-storm rebuilding and resiliency work completed through Oct. 6, 2025. The company says it restored 95% of impacted customers within 8 days and mobilized > 20,000 personnel at peak response. With regulator approval, Georgia Power reports > $10 billion invested in smart grid and resiliency over the last decade.

Completed upgrades include self-healing grid devices, BIL hardening projects benefiting > 10,000 customers, > 90 sectionalizing devices in Augusta, reconductored circuits and upgrades at 10 substations across south Georgia. Some projects remain underway to strengthen coastal and inland systems.

Southern Company's (NYSE: SO) subsidiary Southern Linc has completed the Georgia Statewide Communications Interoperability Project, marking a significant advancement in public safety communications. The project integrates multiple radio systems through Southern Linc's CriticalLinc™ LTE network, enabling seamless communication across Georgia's first responders and government agencies.

The initiative expands radio communications by thousands of miles and provides nationwide push-to-talk capabilities. The network serves as the primary communications resource for multiple state agencies, including the Department of Public Safety, Department of Natural Resources, Forestry Commission, Department of Homeland Security, and Emergency Management Agency, along with various local law enforcement departments.