Southern Co. (SO) Reports In-Line Q4 EPS

Southern Co. (NYSE: SO) reported Q4 EPS of $0.27, in-line with the analyst estimate of $0.27. Revenue for the quarter came in at $4.9 billion versus the consensus estimate of $5.29 billion.

\"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. "Operational performance at our state-regulated utilities was superb, with record generation and transmission reliability. Nicor Gas reliably delivered natural gas to customers in Illinois during unprecedented cold temperatures. We continued to decarbonize our generation fleet and we saw constructive outcomes in several key regulatory proceedings."

"At Georgia Power's Plant Vogtle, we accomplished all major 2019 milestones associated with the construction of new nuclear units 3 and 4," added Fanning. "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."

For earnings history and earnings-related data on Southern Co. (SO) click here.

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