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News  ›  Benzinga

Southern Company Q3 Earnings Beat Forecasts On Strong Segment Performance

Benzinga Logo Benzinga • •By Lekha Gupta
Southern Company Q3 Earnings Beat Forecasts On Strong Segment Performance

Southern Company reported strong Q3 financial results with operating revenue growth of 7.5% to $7.82 billion and adjusted EPS of $1.60, exceeding analyst expectations. The company saw growth in kilowatt-hour sales and increased customer base across electric and gas segments.

Insights
V   positive

14% revenue growth, 23% earnings per share increase, 8% increase in total payment volume, and estimated 37% global payments processing market share


SO   positive

Beat earnings forecasts, reported revenue growth of 7.5%, increased kilowatt-hour sales in commercial and industrial sectors, and expanded total regulated utility customer base