Company Dossier · Utilities
Southern Company
- S&P 500
- S&P 100
- Russell 1000
What Southern Company is doing, read from its filings, its own words and the news, with every figure dated and sourced. Not investment advice: no ratings, no price targets.
Open the full company record in Palanor: guidance, KPIs, ownership, calls, prices →
The latest read
Computed from the data on Oct 22, 2026. Every figure links back to its source in the sections below.
- Revenue over the four quarters to March 31, 2026: $30.2 billion, up 8.4% from a year earlier.SEC EDGAR filings (XBRL)
- Free cash flow (operating cash flow minus capital expenditure) over the four quarters to March 31, 2026: −$3.47 billion.SEC EDGAR filings (XBRL)
- Capital expenditure over the four quarters to March 31, 2026: $13.2 billion, up 38% from a year earlier.SEC EDGAR filings (XBRL)
- Long-term debt issued in the fiscal year to December 31, 2025: $12.5 billion.SEC EDGAR filings (10-K)
- Latest earnings call or results release (July 30, 2026): sentiment 0.80 on a −1 to +1 scale (confident, opportunity-framed), confidence 0.90 of 1.Palanor Discourse
- Latest annual report (filed February 19, 2026): 0 risk factors added, 0 removed.Risk Factor Changes (10-K Item 1A)
- Insiders were net sellers in Q3 2026: $0.8 million on the open market.SEC Form 4
- 2,373 institutional managers reported a position at June 30, 2026 (+6 on the quarter before).SEC Form 13F
- H-1B filings certified in Q2 2026: 3.U.S. Department of Labor (OFLC)
Risk events (12 months): 1 — latest OSHA inspection, Apr 16, 2026 →
Company Posture
How Company Posture is measured →What Southern Company is doing, on three axes, from its filings and its own words, as of 2026-10-22. A description, not a rating: Company Posture never says whether to buy.
Expanding ↔ Retrenching
Withheld: 50% of the evidence is readable at this date (needs 60%).
- Capital spending—
- Debt raised—
- Buybacks vs capex—
- Hiring filings18th pct
- Deals and private raises48th pct
- Patent publications7th pct
Confident ↔ Hedging
Confident
- Call sentiment91st pct
- Call confidence90th pct
- Guidance changes—
- Risk factors added79th pct
- Insider open-market trades40th pct
- + Call sentiment
- + Call confidence
- + Risk factors added
Pressure
Components only: Not yet shown as a score: in the back-test it did not add to a naive reader's forecast of impairment, debt acceleration or bankruptcy filings (8-K 2.06, 2.04, 1.03) (not enough events (17 in half 1; needs 20)).
- Fails-to-deliver31st pct
- Stress filings49th pct
Credit
How these are built →Southern Company's borrowing from its SEC filings: the bonds it priced and the debt on its latest balance sheet. A description, not a rating.
Debt on the balance sheet
$74.5B
- Due within a year $7.4B
- Longer term $67.1B
- Default point $40.9B (short + ½ long)
Finance leases included · Mar 31, 2026 filing
Bonds priced, last 12 months
None
U.S. dollar tranches with a term sheet on EDGAR. Deals sold under Rule 144A file none and are not counted.
| Priced | Amount | Coupon | Matures | Spread | Yield |
|---|---|---|---|---|---|
| Sep 4, 2024 | $750M | 4.850% | 2035 (11y) | +110bp | 4.868% |
| Feb 26, 2024 | $400M | 5.500% | 2029 (5y) | +85bp | 5.159% |
| Feb 26, 2024 | $400M | 5.700% | 2034 (10y) | +117bp | 5.451% |
From the pricing term sheets Southern Company filed with the SEC. Spread is to the benchmark Treasury (or Bund, Gilt) at pricing.
Charts
Live charts: each one redraws from today’s data and has an image link to paste into a document or slide.
Cash flow
Capital returned and raised
What the company says
Hiring and ownership
Filings and records
The last two years of notable 8-Ks, offerings, annual reports, federal awards, lobbying reports, patents and other public records, newest first.
- Oct 21, 2026LobbyingLobbying report (HARBINGER STRATEGIES, LLC)third_quarter 2026 · $0.1 million
- Oct 21, 2026LobbyingLobbying report (HARBINGER STRATEGIES, LLC)third_quarter 2026 · $0.1 million
- Oct 21, 2026LobbyingLobbying report (SOUTHERN COMPANY)third_quarter 2026 · $3.2 million
- Oct 21, 2026LobbyingLobbying report (VENN STRATEGIES)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (MILLER STRATEGIES, LLC)third_quarter 2026 · $0.1 million
- Oct 20, 2026LobbyingLobbying report (BGR GOVERNMENT AFFAIRS)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (FARRAGUT PARTNERS LLP)third_quarter 2026 · $0.0 million
- Oct 20, 2026LobbyingLobbying report (BRACEWELL LLP)third_quarter 2026 · $0.1 million
- Jun 2, 2026Trademark
- Jun 2, 2026Trademark
- May 15, 20268-KShareholder vote resultsItem 5.07
- Apr 16, 2026Risk event
- Mar 11, 2026Trademark
- Feb 25, 20268-KMaterial agreement signedItem 1.01
- Feb 19, 202610-KAnnual report (10-K)0 risk factors added, 0 removed
- Feb 17, 20268-KDirector or officer changeItem 5.02
- Aug 14, 2025Risk event
- Jul 23, 20258-KDirector or officer changeItem 5.02
- Jul 18, 20258-KDirector or officer changeItem 5.02
- Jul 11, 20258-KDirector or officer changeItem 5.02
- May 27, 20258-KShareholder vote resultsItem 5.07
- May 27, 20258-KDirector or officer changeItem 5.02
- May 21, 2025Risk event
- Feb 20, 202510-KAnnual report (10-K)1 risk factors added, 0 removed
- Feb 12, 20258-KDirector or officer changeItem 5.02
- Feb 11, 20258-KDirector or officer changeItem 5.02
- Jan 23, 2025Trademark
- Dec 10, 20248-KDirector or officer changeItem 5.02
- Feb 15, 202410-KAnnual report (10-K)0 risk factors added, 1 removed
- Mar 28, 2023Patent
Peers
Companies in the same industry in the S&P 500, Russell 1000 or MidCap 400, closest in revenue first. Trailing twelve months, from SEC filings.
| Company | Revenue | Free cash flow | Through |
|---|---|---|---|
| Duke Energy DUK | $32.5B | −$3.3B | Mar 31, 2026 |
| NextEra Energy NEE | $25.9B | — | Mar 31, 2026 |
| Exelon EXC | $24.8B | −$2.2B | Mar 31, 2026 |
| Constellation Energy CEG | $24.8B | $0.3B | Jun 30, 2026 |
| American Electric Power AEP | $22.0B | $2.6B | Mar 31, 2026 |
| Edison International EIX | $19.6B | −$0.6B | Mar 31, 2026 |
| Vistra Corp. VST | $19.0B | $2.3B | Jun 30, 2026 |
| FirstEnergy FE | $15.5B | −$1.7B | Mar 31, 2026 |