SOUTHERN CO SO 66.43
Utilities · NYSE · Data as of 2026-06-22
SOUTHERN CO (SO) has delivered +3.6% annualized revenue growth, +10.8% earnings growth, and +4.0% dividend growth over 10 years of data. Ranked #361 of 1968 stocks overall and #38 of 87 in the Utilities sector by Steady Score.
About SOUTHERN CO
Company Overview
Southern Company owns regulated electric and natural-gas utilities serving customers across the southeastern United States. Its electric companies generate, transmit and distribute power in Alabama, Georgia and Mississippi, while gas utilities deliver fuel in several states. The group also owns generation and energy infrastructure serving wholesale markets, supported by nuclear, natural-gas, coal and renewable resources.
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Business Model & Revenue
Most revenue comes from regulated rates that recover prudent operating costs and provide a return on approved utility investment. Electric and gas subsidiaries operate under state oversight, while transmission and wholesale activities have additional regulation. Customer growth, weather, rate cases and capital spending drive results. Fuel costs are generally recovered through mechanisms, while major projects require financing and regulatory approval.
Key Facts & Market Position
The Vogtle expansion added new nuclear units to Georgia Power, creating long-lived carbon- free generation after a complex construction program. Southern's territories include growing southeastern economies, but storm exposure and affordability influence investment. Nuclear safety, plant retirement, grid modernization and state regulatory relationships are central to the business.