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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