Southern Company (SO) reported first-quarter net income of $81 million, or $0.09 per share, compared to $368 million, or $0.42 per share, last year. The company noted that its first-quarter results include two charges against earnings - a $333 million or $0.38 per share after-tax charge related to an increased construction estimate for Mississippi Power's Kemper County project and a $16 million or $0.02 per share after-tax charge related to the restructuring of a leveraged lease investment. Excluding these items, net income was $430 million, or $0.49 per share, during the first quarter of 2013.
Operating revenues were $3.9 billion, compared to $3.6 billion prior year, an increase of 8.1 percent. Total operating expenses rose to $3.57 billion from $2.84 billion last year.
On average, 11 analysts polled by Thomson Reuters expected the company to report profit of $0.49 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $3.75 billion for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.