Southern Co beats quarterly profit estimates, raises five-year capital plan

Southern Cohas raised its five-year capital expenditure plan by $13 billion to $76 billion to address increasing energy demands in the U.S. The company reported an adjusted profit of 92 cents per share for Q2, surpassing analysts' expectations of 90 cents. This profit increase is attributed to higher commercial and industrial retail sales, with operating revenue rising 7.9% to $6.97 billion, despite a 15% increase in operating expenses to $5.21 billion. Southern Co is the second-largest utility in the U.S., serving six states.