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Last $42.52 USD
Change Today +0.11 / 0.26%
Volume 5.8M
SO On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

southern co/the (SO) Key Developments

AGL Resources Inc., Southern Company - M&A Call

To discuss about the definitive merger agreement to create America's America's leading U.S. electric and gas utility company

Southern Company Announces Preliminary Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Southern Company announced preliminary consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported earnings of $629 million, or 69 cents per share, compared with earnings of $611 million, or 68 cents per share, in the second quarter of 2014. Operating revenues were $4.34 billion, compared with $4.47 billion for the second quarter of 2014, a decrease of 2.9%. Operating Income was $1,098 million against $1,103 million for the same period in the last year. Net income was $643 million against $628 million for the same period in the last year. Earnings before income taxes were $945 million against $949 million last year. Earnings for the three and six months ended June 30, 2015, include after-tax charges of $14 million and $20 million, respectively, related to increased construction estimates for Mississippi Power'sKemper County integrated gasification combined-cycle (IGCC) project. Excluding these items, Southern Company earned $647 million, or 71 cents per share, during the second quarter of 2015, compared with earnings of $611 million, or 68 cents per share, during the second quarter of 2014. Earnings for the second quarter of 2015 were positively influenced by retail revenue effects at Southern company's traditional operating companies, warmer weather and stronger than expected performance of its Southern Power subsidiary. Earnings were negatively influenced by increased non-fuel operations and maintenance expenses. For the six months, earnings were $1.14 billion, or $1.25 per share, compared with $962 million, or $1.08 per share, for the same period in 2014. Operating revenues were $8.52 billion, compared with $9.11 billion for the same period in 2014, a decrease of 6.5%. Operating income was $2,055 million against $1,803 million last year. Net income was $1,169 million against $996 million for the same period in the last year. Earnings before income taxes were $1,745 million against $1,493 million last year. Earnings for the six months ended June 30, 2014, include an after-tax charge of $235 million, or 26 cents per share, related to the Kemper County IGCC project. Earnings for the three and six months ended June 30, 2015, also include a $4 million after-tax charge related to the discontinued operations of Mirant and the March 2009 settlement agreement with MC Asset Recovery, LLC. For the first six months of 2015, excluding these items, Southern Company earned $1.16 billion, or $1.28 per share, compared with earnings of $1.20 billion, or $1.34 per share, for the same period in 2014.

Southern Company Appoints Martin B. Davis as Executive Vice President and Chief Information Officer

Southern Company Services announced that Martin B. Davis has been named executive vice president and chief information officer. Davis joins Southern Company Services after a nearly 30-year career in key enterprise information technology and security roles with Wells Fargo and Wachovia. He most recently served as head of enterprise technology services, executive vice president and chief technology officer for Wells Fargo. Previously, he served as Wells Fargo's head of technology integration and as Wachovia's corporate chief information officer, among other roles. In his new role, Davis and his organization will lead a key component of the company's innovation efforts, particularly in developing and implementing cutting-edge technology solutions that improve customers' daily lives. These efforts are expected to work hand-in-glove with the ideas that are coming to life in the company's launched Energy Innovation Center. In his new role, Davis and his organization will lead a key component of the company's innovation efforts, particularly in developing and implementing cutting-edge technology solutions that improve customers' daily lives. These efforts are expected to work hand-in-glove with the ideas that are coming to life in the company's recently launched Energy Innovation Center.

Southern Co Hires Michael Britt as Vice President of Energy Innovation Center in Atlanta; Energy Innovation Center to Open Later in 2015

Southern Co. announced that it hired Michael Britt as vice president of the Energy Innovation Center in Atlanta's Technology Square. Britt, backed up with nearly 30 years of experience in utility strategy, marketing, communications, data analytics and operational improvement, returns to Southern where he held several positions during the 1990s. In the new role, he will focus on developing and commercializing products and services that benefit customers. The Energy Innovation Center is part of Southern's enterprise wide approach to innovation. The Energy Innovation Center is expected to open later in 2015.

Southern Company to Report Q2, 2015 Results on Jul 29, 2015

Southern Company announced that they will report Q2, 2015 results at 7:30 AM, Eastern Daylight on Jul 29, 2015

 

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Industry Analysis

SO

Industry Average

Valuation SO Industry Range
Price/Earnings 18.0x
Price/Sales 2.2x
Price/Book 1.9x
Price/Cash Flow 9.5x
TEV/Sales 0.5x
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