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| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Carly Davenport | Goldman Sachs | 14 (0%) |
| Julien Dumoulin-Smith | Jefferies | 14 (14%) |
| Nick Campanella | Barclays | 11 (0%) |
| Steve Fleishman | Wolfe Research | 10 (10%) |
| Jeremy Tonet | JPMorgan | 10 (0%) |
| Andrew Weisel | Scotiabank | 10 (20%) |
| Paul Fremont | Ladenburg Thalmann | 8 (0%) |
| Shar Pourreza | Wells Fargo | 8 (0%) |
| Travis Miller | Morningstar | 7 (0%) |
| David Arcaro | Morgan Stanley | 7 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Jefferies | 1 | 14 (14%) |
| Goldman Sachs | 1 | 14 (0%) |
| Barclays | 1 | 11 (0%) |
| Wolfe Research | 1 |
| 10 (10%) |
| JPMorgan | 1 | 10 (0%) |
| Scotiabank | 1 | 10 (20%) |
| Wells Fargo | 1 | 8 (0%) |
| Ladenburg Thalmann | 1 | 8 (0%) |
Southern Company closed FY2025 at the top of its guidance range with adjusted EPS of $4.30 and upgraded its long-term growth outlook from 5-7% to approximately 7-8%, introducing multi-year guidance with FY2026 at $4.50-$4.60, FY2027 at $4.85-$4.95, and FY2028 at $5.25-$5.45. The capital plan expanded again to $81 billion as the large load pipeline grew to over 75 gigawatts, and Southern Power recontracting showed 2-3x upside potential. Retail electricity sales grew 1.7% for the year, the strongest in recent history, while credit metrics remained below the 17% FFO-to-debt target.
Demand | Capex Investment | Guidance Reliability | Regulation Policy | Revenue Growth | Capital Allocation | Competitive Dynamics | Supply Chain | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 4 | 5 | 4 | 3 | 3 | 4 | 2 | 2 |
| 2025Q1 | 5 | 3 | 3 | 4 | 3 | 2 | 1 | 1 |
| 2025Q2 | 5 | 4 | 6 | 1 | 5 | 3 | 3 | 4 |
| 2025Q3 | 6 | 3 | 4 | 5 | 3 | 3 | 3 | 1 |
| 2025Q4 | 9 | 7 | 5 | 4 | 3 | 2 | 5 | 1 |
| 2026Q1 | 6 | 6 | 5 | 4 | 2 | 2 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 4 | 5 | 5 | 6 | 9 | 6 |
| Capex Investment | 5 | 3 | 4 | 3 | 7 | 6 |
| Guidance Reliability | 4 | 3 | 6 | 4 | 5 | |
| Regulation Policy | 3 | 4 | 1 | 5 | 4 | 5 |
| Revenue Growth | 3 | 3 | 5 | 3 | 3 | 4 |
| Capital Allocation | 4 | 2 | 3 | 3 | 2 | 2 |
| Competitive Dynamics | 2 | 1 | 3 | 3 | 5 | 2 |
| Supply Chain | 2 | 1 | 4 | 1 | 1 | 2 |
What SO and other companies said about each other on FY2025 Q4 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“if you look in the state of Georgia, where Georgia Power, recently, I think the end of November filed a revised IRP. And they're projecting 53 gigawatts of power demand between now and the early 2030s.”
Kinder Morgan cites Georgia Power's (Southern Company) projected 53 GW of power-demand growth as an example of the large gas-demand opportunity from utilities.
“some of the larger announcements over the past year were in the manufacturing, automotive, aerospace and metals industry, with familiar names that include General Electric, US Steel, Duracell and Mercedes-Benz.”
Mercedes-Benz was named among automotive manufacturers expanding in Southern Company's Southeast service territories, adding to the utility's economic-development pipeline.
“some of the larger announcements over the past year were in the manufacturing, automotive, aerospace and metals industry, with familiar names that include General Electric, US Steel, Duracell and Mercedes-Benz.”
Duracell was named among manufacturers locating or expanding facilities in Southern Company's service territories, contributing to economic development and load growth.
“some of the larger announcements over the past year were in the manufacturing, automotive, aerospace and metals industry, with familiar names that include General Electric, US Steel, Duracell and Mercedes-Benz.”
US Steel was named among companies locating or expanding operations in Southern Company's service territories, part of the Southeast metals-industry expansion driving load growth.
“some of the larger announcements over the past year were in the manufacturing, automotive, aerospace and metals industry, with familiar names that include General Electric, US Steel, Duracell and Mercedes-Benz.”
General Electric was named among companies locating or expanding facilities in Southern Company's electric/gas service territories, adding load and economic-development activity.
Calendar quarter Q4 2025Earnings call Feb 19, 2026
FY2025 Q4 in brief
Southern Company closed FY2025 at the top of its guidance range with adjusted EPS of $4.30 and upgraded its long-term growth outlook from 5-7% to approximately 7-8%, introducing multi-year guidance with FY2026 at $4.50-$4.60, FY2027 at $4.85-$4.95, and…
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
Sources. Tellvest earnings-call sentiment score for Southern Company (SO), FY2025 Q4: 7/10. Scores: Southern Company’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: SO daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $6.34B | +4.9% | $0.48 | -38.5% | 16.7% | 8.4% | $-764M |
| FY2025 Q1 | $7.78B | +17.0% | $1.21 | +17.5% | 25.9% | 17.2% | $-1.19B |
| FY2025 Q2 | $6.97B | +7.9% | $0.80 | -26.6% | 25.3% |
GAAP revenue YoY +10.1% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
| 12.6% |
| $-755M |
| FY2025 Q3 | $7.82B | +7.5% | $1.54 | +10.8% | 33.2% | 21.9% | $384M |
| FY2025 Q4 | $6.98B | +10.1% | $0.37 | -22.9% | 13.0% | 6.0% | $-1.69B |
| FY2026 Q1 | $8.40B | +8.0% | $1.20 | -0.8% | 24.0% | 16.1% | $-1.72B |
| FY2026 Q2 | $6.98B | +0.1% | $1.03 | +28.8% | 25.5% | 16.8% | $6.00B |
| Year | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2022 | $29.28B | — | $3.27 | — | 18.3% | 12.1% | $-1.62B |
| FY2023 | $25.25B | -13.8% | $3.62 | +10.7% | 23.1% | 15.7% | $-1.54B |
| FY2024 | $26.72B | +5.8% | $3.99 | +10.2% | 26.4% | 16.5% | $201M |
| FY2025 | $29.55B | +10.6% | $3.92 | -1.8% | 24.6% | 14.7% | $-3.25B |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
SO Southern Company | 7 | +10.1% | |
| AEE Ameren | 4 | -8.2% | |
| AEP American Electric Power | 5 | +7.3% | |
| CMS CMS Energy | 7 | +12.3% | |
| CNP CenterPoint Energy | 7 | +10.7% | |
| D Dominion Energy | 9 | +20.4% | |
| DTE DTE Energy | 7 | +23.4% | |
| DUK Duke Energy | 6 | +7.8% | |
| ED Consolidated Edison | 7 | +8.9% | |
| EIX Edison International | 9 | +30.9% | |
| ES Eversource Energy | 8 | +13.4% | |
| ETR Entergy | 5 | +7.9% | |
| EVRG Evergy | 9 | +9.5% | |
| EXC Exelon | 6 | -1.1% | |
| FE FirstEnergy | 8 | +19.6% | |
| LNT Alliant Energy | 6 | +9.0% | |
| NEE NextEra Energy | 5 | +21.9% | |
| PCG PG&E Corporation | 7 | +2.6% | |
| PEG Public Service Enterprise Group | 9 | +18.3% | |
| PNW Pinnacle West | 6 | +3.0% | |
| PPL PPL Corporation | 7 | +2.9% | |
| WEC WEC Energy Group | 8 | +11.1% | |
| XEL Xcel Energy | 8 | +14.1% |