Business Context and Reporting Period
This Form 8-K is a combined current report filed on October 30, 2025, by The Southern Company and its subsidiaries: Alabama Power Company, Georgia Power Company, Mississippi Power Company, Southern Power Company, and Southern Company Gas. The filing serves to disseminate a press release regarding earnings results for the three-month and nine-month periods ended September 30, 2025.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. These figures are contained within the attached press release (Exhibit 99), which is referenced but not included in the provided text. The report confirms the presentation of both GAAP and Non-GAAP earnings and earnings per share for the periods ended September 30, 2025, and 2024.
Material Changes and Non-GAAP Adjustments
Management has presented Non-GAAP financial measures to exclude specific items deemed non-representative of ongoing business activities. The filing details the following adjustments:
- 2025 Adjustments (Three and Nine Months): Exclusion of charges/credits related to plants under construction, associated legal expenses (net of insurance), and tax impacts.
- 2025 Specific Adjustments:
- Exclusion of accelerated depreciation related to wind facility repowering at Southern Power Company.
- Exclusion of disposition impacts from the sale of a multi-use commercial facility at Alabama Power Company.
- Exclusion of costs associated with debt extinguishment at The Southern Company (Nine-month period only).
- 2024 Adjustments: Exclusion of an impairment loss associated with Alabama Power Company discontinuing the development of the aforementioned multi-use commercial facility.
Guidance, Outlook, and Risks
The filing text does not contain specific forward-looking guidance, management commentary on future outlook, or a detailed discussion of risks and contingencies beyond the standard disclaimer that the information is not deemed "filed" under Section 18 of the Exchange Act. The primary purpose of the filing is to reference the external press release for detailed operational and financial commentary.
Investor Verification Checklist
- Review Exhibit 99 (Press Release) for specific GAAP and Non-GAAP revenue, net income, and earnings per share figures.
- Verify the reconciliation tables in Exhibit 99 to understand the exact dollar impact of the excluded items (e.g., debt extinguishment costs, wind facility depreciation).
- Confirm the status of the Alabama Power Company multi-use commercial facility sale and the Southern Power Company wind repowering projects.
- Check for any updated debt extinguishment costs or legal expense recoveries not fully detailed in the summary text.