Southern Stock Price, News & Analysis

Alabama Power (NYSE:SO) said it will keep all regulated retail rate components steady through 2027, providing customers predictability while continuing investments in grid reliability. The company delayed implementation of previously approved adjustments for the new Lindsay Hill generation facility until 2028 and will absorb that facility's costs in 2027 rather than deferring them. Alabama Power noted it has reduced operating expenses by about $100 million since 2017 and will continue efficiency and storm-resilient infrastructure investments. Customers may still see bill changes based on usage; assistance tools are available at alabamapower.com/save.

Georgia Power (NYSE: SO) and the Atlanta Falcons launched the Light Up the Holidays Contest running Nov. 28–Dec. 27, 2025 on Georgia Power's Instagram.

Customers may enter Nov. 28–Dec. 12 by following @ga_power, commenting on the Nov. 28 post, tagging two friends, and posting an original festive photo with hashtags #GeorgiaPower and #ShowYourGlow. Finalists are announced Dec. 15; public voting runs Dec. 15–22; the winner is announced Dec. 27.

Prizes include a Grand Prize with four sideline Falcons tickets, a $5,000 Georgia Power charity donation, a $600 hotel VISA gift card, energy savings kit, and Falcons items; additional cash-for-charity and fan-package prizes awarded for 2nd and 3rd–5th places.

The release also lists LED, wiring, timer, heater and ladder safety tips and energy-efficiency recommendations and links to GeorgiaPower.com/Efficiency for more tips.

Georgia Power (NYSE: SO) and the Salvation Army celebrate the 40th anniversary of Project SHARE on November 10, 2025.

Since 1985 the program has helped more than 425,000 Georgia families and over 1.1 million individuals, delivering over $84 million in assistance for utilities, housing, food and medical needs. Georgia Power matches every Project SHARE donation at 150%. Customers can donate via their electric bill, church or local Salvation Army locations. A new English and Spanish PSA featuring employees and Salvation Army majors has been launched to raise awareness. Visit GeorgiaPower.com/ProjectShare for details.

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.