Southern Comfort In Earnings Growth: Utility Giant Outperforms EPS Estimates Despite Revenue Setback



Southern Company (NYSE:SO) reported a fourth-quarter fiscal 2023 operating revenue decline of 14.2% year-over-year to $6.04 billion, missing the consensus of $7.89 billion. The company stated that the decrease was primarily due to lower fuel costs.

Operating revenues: Alabama Power $1.63 billion (-9.1% Y/Y), Georgia Power $2.313 billion (-2.2% Y/Y), Mississippi Power $337 million (-18.8% Y/Y), Southern Power $503 million (-33% Y/Y) and Southern Company Gas $1.285 billion …

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