Southern Company Q3: Revenue Misses, But EPS Beats Expectations with Strong Utility Gains

Southern Company (NYSE:SO) reported that third-quarter operating revenue rose 4.2% year over year to $7.274 billion, missing the consensus of $7.287 billion. 

Operating revenues by segment (year-over-year): Alabama Power $2.138 billion (+2.6%), Georgia Power $3.472 billion (+7.3% Y/Y), Mississippi Power $412 million (-5.5%), Southern Power $600 million (-8.1 %) and Southern Company Gas $682 million (-1.0%).

Total Regulated Utility Customers increased 0.8%, with Total Traditional Electric +1.2% and Southern Company Gas +0.4%. Kilowatt-Hour ...