Southern Company raises 2026 adjusted EPS outlook to $4.70
SO•Southern Company raised its 2026 adjusted EPS outlook to $4.70 from $4.50-$4.60, implying 9% year-over-year growth. Third-quarter adjusted EPS was $1.94, beating estimates by $0.29, while planned capital spending through 2030 rose to approximately $85 billion.
1. Higher 2026 outlook
Southern Company raised its 2026 adjusted EPS outlook to $4.70 from its original range of $4.50-$4.60, implying 9% year-over-year growth. It projected adjusted EPS growth of 8%-9% through 2028 and long-term growth of 7%-8%.
2. Quarter and investment plans
Third-quarter adjusted EPS reached $1.94, beating estimates by $0.29, while weather-normalized electric sales rose 3.5% year over year. Identified incremental investments lifted planned capital spending through 2030 to approximately $85 billion; additional opportunities could bring the five-year plan toward $100 billion.
