--- title: "Southern Stock Slips After Revenue Miss Overshadows Earnings Beat" type: "News" locale: "en" url: "https://longbridge.com/en/news/294388587.md" description: "Southern Company (SO) reported mixed Q2 fiscal 2026 results, beating adjusted EPS estimates at $1.13 but missing revenue forecasts with $6.98 billion. Consequently, shares fell over 2%. The company affirmed its full-year and long-term EPS guidance, citing strong Southeast economic development and rising electricity demand driving utility sales growth." datetime: "2026-07-30T15:14:14.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294388587.md) - [en](https://longbridge.com/en/news/294388587.md) - [zh-HK](https://longbridge.com/zh-HK/news/294388587.md) --- # Southern Stock Slips After Revenue Miss Overshadows Earnings Beat **Southern Company** (NYSE:SO) reported mixed second-quarter fiscal 2026 results on Thursday, with adjusted earnings topping Wall Street expectations while revenue missed estimates. Following the results, the stock fell over 2%. Adjusted earnings came in at $1.13 per share, beating the analyst consensus estimate of $1.00. Operating revenue was essentially flat year over year at $6.98 billion, below the Street estimate of $7.23 billion. Operating expenses were also broadly unchanged at $5.20 billion. Revenue from fuel declined 6% year over year to $1.06 billion, while non-fuel revenue increased 2%. Wholesale and other electric revenue rose, offsetting a decline in natural gas sales. On a GAAP basis, net income attributable to Southern Company increased to $1.17 billion, or $1.03 per share, from $880 million, or 80 cents per share, a year earlier. The company said adjusted earnings benefited from continued investment in its regulated utilities, customer growth and usage, higher equity-method investment income and lower income taxes, partly offset by higher interest expense. Chief Executive Officer **Chris Womack** said the company continued to benefit from strong economic development across the Southeast, with rising electricity demand creating opportunities for long-term growth while supporting reliability and rate stability. ## Utility Sales Show Continued Demand Total kilowatt-hour sales increased 3.9% from a year earlier, driven by a 2.1% rise in retail sales and a 9.2% increase in wholesale sales. Commercial sales climbed 7.3%, industrial sales edged up 0.1%, while residential sales declined 1.5%. Southern Company ended the quarter with 9 million regulated utility customers, up 0.7% year over year. Traditional electric operating company customers increased 1%, while Southern Company Gas customers rose 0.3%. ## Segment Revenue Mixed Among the company’s operating businesses, Alabama Power generated revenue of $1.96 billion, down 0.3% year over year. Georgia Power revenue increased 0.7% to $3.13 billion, while Mississippi Power revenue rose 0.8% to $403 million. Southern Power revenue declined 2% to $535 million, and Southern Company Gas revenue slipped 1.3% to $966 million. ## Outlook Southern Company affirmed its fiscal 2026 adjusted EPS guidance of $4.50 to $4.60, compared with the analyst consensus estimate of $4.58. The company also maintained its fiscal 2028 adjusted EPS outlook of $5.25 to $5.45, versus the consensus estimate of $5.36. Southern Company forecast third-quarter adjusted earnings of $1.65 per share, versus the Wall Street estimate of $1.66. **SO Price Action:** Southern shares were down 2.19% at $93.95 at the time of publication on Thursday, according to Benzinga Pro data. _Photo via Shutterstock_  **Read Also: NextEra Energy Q2 Earnings Beat Estimates as Renewable Backlog Hits 35.1 GW** ### Related Stocks - [SO.US](https://longbridge.com/en/quote/SO.US.md) - [GPJA.US](https://longbridge.com/en/quote/GPJA.US.md) - [NEE.US](https://longbridge.com/en/quote/NEE.US.md) - [SOJF.US](https://longbridge.com/en/quote/SOJF.US.md) - [SOMN.US](https://longbridge.com/en/quote/SOMN.US.md) - [SOJD.US](https://longbridge.com/en/quote/SOJD.US.md) - [SOJE.US](https://longbridge.com/en/quote/SOJE.US.md) - [SOJC.US](https://longbridge.com/en/quote/SOJC.US.md) - [NEE-N.US](https://longbridge.com/en/quote/NEE-N.US.md) - [NEE-W.US](https://longbridge.com/en/quote/NEE-W.US.md) - [NEP.US](https://longbridge.com/en/quote/NEP.US.md) - [NEE-R.US](https://longbridge.com/en/quote/NEE-R.US.md) - [NEE-T.US](https://longbridge.com/en/quote/NEE-T.US.md) - [NEE-U.US](https://longbridge.com/en/quote/NEE-U.US.md) - [NEE-S.US](https://longbridge.com/en/quote/NEE-S.US.md) - [NEE-V.US](https://longbridge.com/en/quote/NEE-V.US.md) ## Related News & Research - [Southern Company (The) $SO Stock Holdings Lifted by OMERS ADMINISTRATION Corp](https://longbridge.com/en/news/293911193.md) - [OpenAI Power Deal and Dividend Move Could Be A Game Changer For Southern (SO)](https://longbridge.com/en/news/293832078.md) - [CARIBBEAN UTILITIES COMPANY, LTD. 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