Southern Co. (SO) Tops Q3 EPS by 2c

Southern Co. (NYSE: SO) reported Q3 EPS of $1.09, ex-items, $0.02 better than the analyst estimate of $1.07. Revenue for the quarter came in at $5.34 billion versus the consensus estimate of $5.3 billion.

"We continue to see evidence of economic recovery across the Southeast, such as increases in industrial sales and residential customer growth," said Southern Company Chairman, President and CEO Thomas A. Fanning. "We will support this recovery, as always, through our customer-focused business model and our commitment to providing clean, safe, reliable and affordable energy."

Fanning also pointed to progress at the Kemper County project. "The Kemper County plant is generating electricity from natural gas," he said. "With construction essentially complete, our focus turns towards the startup of the gasification and carbon capture systems. We believe our recent schedule extension will help preserve the long-term value of this important technology – not just for Mississippi Power customers, but for the U.S. and the world."

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

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