southern company revenue 2019
Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Dilutive impacts are immaterial ($0.03 or less per share) in all periods. Jobs magazine, DiversityInc, Black Enterprise, Forbes and the Women's Choice Award. Visit performance for information about the performance numbers displayed above. The robust performance primarily stemmed from positive effects of rates and pricing changes, supported by favorable weather conditions at the Atlanta, GA-based firm’s regulated utilities. To learn more, visit www.southerncompany.com. As soon as this statistic is updated, you will immediately be notified via e-mail. For more than a century, we have been building the future of energy and developing the full portfolio of energy resources, including carbon-free nuclear, advanced carbon capture technologies, natural gas, renewables, energy efficiency and storage technology. Mississippi Power expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities by 2024. Then you will be able to mark statistics as favourites and use personal statistics alerts. Made In NYC | A recent pick, Maxar, skyrocketed +178.7% in 3 months. ATLANTA, Oct. 29, 2020 /PRNewswire/ -- Southern Company today reported third-quarter 2020 earnings of $1.25 billion, or $1.18 per share, compared with $1.32 billion, or $1.26 per share, in the third quarter of 2019. "Operating revenue of Southern Company in FY 2019, by segment (in million U.S. The power supplier’s operations and maintenance cost decreased 8% to $1.3 billion, while the utility’s total operating expense for the period – at roughly $4 billion – was essentially unchanged from the prior-year level. Directly accessible data for 170 industries from 50 countries As a Premium user you get access to the detailed source references and background information about this statistic. Southern revenue for the twelve months ending June 30, 2020 was $15.927B, a 27.62% decline year-over-year. As a Premium user you get access to background information and details about the release of this statistic. "We have refined our aggressive site work plan for the project, which will serve as a tool to drive improved productivity to achieve the regulatory-approved in-service dates of November 2021 for Unit 3 and November 2022 for Unit 4.". Additional proceeds or adjustments are not expected. Mississippi Power expects to substantially complete mine reclamation activities in 2020 and dismantlement of the abandoned gasifier-related assets and site restoration activities by 2024. Earnings for the twelve months ended December 31, 2019 include a pre-tax impairment charge of $91 million ($69, (1) Kilowatt-hour sales comparisons to the prior year were significantly impacted by the disposition of Gulf Power, (1) Includes approximately 463,000 customers at December 31, 2018 related to Gulf Power Company, which was, Financial comparisons to the prior year were significantly impacted by (i) Southern Company Gas' disposition, Copyright © 2020 PR Newswire Association LLC. Further impacts are expected to be recorded in 2020 in connection with the sale of Plant Mankato and the pending sale of Pivotal LNG and Atlantic Coast Pipeline. Wir und unsere Partner nutzen Cookies und ähnliche Technik, um Daten auf Ihrem Gerät zu speichern und/oder darauf zuzugreifen, für folgende Zwecke: um personalisierte Werbung und Inhalte zu zeigen, zur Messung von Anzeigen und Inhalten, um mehr über die Zielgruppe zu erfahren sowie für die Entwicklung von Produkten. "By all accounts, 2019 was an outstanding year for Southern Company, as we performed well across a broad range of metrics," said Chairman, President and CEO Thomas A. Fanning. Earnings for the twelve months ended December 31, 2018 include: (i) a net combined $249 million pre-tax gain ($93 million after-tax loss) on the sales of Elizabethtown Gas, Elkton Gas, Florida City Gas, and Pivotal Home Solutions, including a related impairmentcharge; (ii) a $119 million pre-tax ($89 million after-tax) impairment charge associated with the sales of Plants Stanton and Oleander; and (iii) $95 million pre tax ($77 million after tax) of other acquisition, disposition, and integration costs. Privacy Policy | No cost, no obligation to buy anything ever. Financial comparisons to the prior year were significantly impacted by (i) Southern Company Gas' disposition of: (a) Pivotal Home Solutions on June 4, 2018, (b) Elizabethtown Gas and Elkton Gas on July 1, 2018, and (c) Florida City Gas on July 29, 2018; (ii) the disposition of Southern Power Company's ownership interest in (a) Plants Oleander and Stanton on December 4, 2018 and (b) Plant Nacogdoches on June 13, 2019; (iii) Southern Power Company's sale of (a) a 33% equity interest in a limited partnership indirectly owning substantially all of its solar facilities on May 22, 2018 and (b) a noncontrolling interest in its subsidiary owning eight operating wind facilities on December 11, 2018; and (iv) Southern Company's disposition of Gulf Power Company on January 1, 2019. Southern Company's fourth quarter earnings slides with supplemental financial information are available at http://investor.southerncompany.com. The additional pre-tax period costs associated with these activities, including related costs for compliance and safety, asset retirement obligation accretion, and property taxes, are estimated to total $17 million in 2020, $15 to $16 million annually in 2021through 2023, and $5 million in 2024. Earnings for the three and twelve months ended December 31, 2019 and 2018 include Wholesale Gas Services business results. NASDAQ data is at least 15 minutes delayed. Moreover, industrial sales declined 6.8%. Southern Company’s wholesale power sales increased 2.3%. aus oder wählen Sie 'Einstellungen verwalten', um weitere Informationen zu erhalten und eine Auswahl zu treffen. Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a related state income tax valuation allowance. Earnings for the twelve months ended December 31, 2019 include a pre-tax impairment charge of $91 million ($69 million after tax) associated with a natural gas storage facility and earnings for the three months ended December 31, 2019 include an adjustment of $(1) million pre tax ($4 million after tax) of this impairment charge. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Accessed October 30, 2020. https://www.statista.com/statistics/646555/operating-revenue-of-southern-company-by-sector/, Southern Company. Southern Company's average revenue from electricity sales by sector 2014-2019 Southern Company's customers by sector 2019 Southern Company's energy supply share by source 2019 Cautionary Note Regarding Forward-Looking Statements:Certain information contained in this release is forward-looking information based on current expectations and plans that involve risks and uncertainties. Revenue. Southern Company is an American gas and electric utility holding company based in the southern United States.It is headquartered in Atlanta, Georgia, with executive offices also located in Birmingham, Alabama.The company is currently the second largest utility company in the U.S. in terms of customer base. Earnings for the three months ended December 31, 2019 include: (i) a $70 million pre-tax ($102 million after- tax) increase for the gain on the sale of Gulf Power; (ii) a $24 million pre-tax ($17 million after-tax) impairment charge in contemplation of the pending sale of Pivotal LNG and Atlantic Coast Pipeline; and (iii) a net $7 million pre-tax reduction to earnings (net $2 million after-tax increase to earnings) of other acquisition, disposition, and integration impacts. Additionally, earnings for the three and twelve months ended December 31, 2019 include a pre-tax impairment charge of $17 million ($13 million after tax) related to a leveraged lease. Net Income - Excluding Items (in millions), Acquisition, Disposition, and Integration Impacts, Estimated Loss on Plants Under Construction, Average Shares Outstanding – (in millions), Basic Earnings Per Share – Excluding Items. The reader is cautioned not to put undue reliance on this forward-looking information, which is not a guarantee of future performance and is subject to a number of uncertainties and other factors, many of which are outside the control of Southern Company; accordingly, there can be no assurance that such suggested results will be realized. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. and over 1 Mio. All rights reserved. Western & Southern experienced our best year yet. This includes personalizing content and advertising. Southern annual revenue for 2018 was $23.495B, a 2.01% increase from 2017. Damit Verizon Media und unsere Partner Ihre personenbezogenen Daten verarbeiten können, wählen Sie bitte 'Ich stimme zu.' We continued to decarbonize our generation fleet and we saw constructive outcomes in several key regulatory proceedings. Investors, media and the public may listen to a live webcast of the call and view associated slides at http://investor.southerncompany.com/webcasts. Southern Company's average revenue from electricity sales by sector 2014-2019 Southern Company's customers by sector 2019 Southern Company's energy supply share by source 2019 Profit from additional features by authenticating your Admin account. Interest Expense, Depreciation and Amortization, Other, Total Traditional Electric Operating Companies, Acquisition, Disposition, and Integration Impacts1, Estimated Loss on Plants Under Construction2, Three and Twelve Months Ended December 2019 vs. December 2018, Allowance for Equity Funds Used During Construction, Interest Expense, Net of Amounts Capitalized, Dividends on Preferred Stock of Subsidiaries, Net Income (Loss) Attributable to Noncontrolling Interests, NET INCOME ATTRIBUTABLE TOSOUTHERN COMPANY. Additionally, the three and twelve months ended December 31, 2018 include a $95 million credit to earnings primarily resulting from the reduction of a related state income tax valuation allowance. Additional impairment charges associated with other natural gas storage facilities or this leveraged lease investment may occur; however, the amount and timing of any such charges are uncertain. These 2018 kilowatt-hour sales and changes exclude Gulf Power Company. Southern Company (SO) has added 30,000 residential electric and 21,000 residential gas customers so far in 2019. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Operating revenues for the full year 2019 were $21.42 billion, compared with $23.50 billion in 2018, a decrease of 8.8 percent. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. As part of that plan, Southern Company has added 30,000 residential electric and 21,000 residential gas customers so far in 2019, underpinning growth. Through its subsidiaries it serves 9 million gas and electric utility customers in 6 states. Earnings for the twelve months ended December 31, 2019 include: (i) a $2.6 billion pre-tax ($1.4 billion after-tax) gain on the sale of Gulf Power; (ii) a $23 million pre-tax ($88 million after-tax) gain on the sale of Plant Nacogdoches; and (iii) $18 million pre tax ($11 million after tax) of other acquisition, disposition, and integration impacts, partially offset by: (i) a $58 million pre-tax ($52 million after-tax) net loss, including impairment charges, associated with the sales of PowerSecure's utility infrastructure services and lighting businesses and (ii) a $24 million pre-tax ($17 million after-tax) impairment charge in contemplation of the pending sale of Pivotal LNG and Atlantic Coast Pipeline.

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